Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 27, 29/06/2023 - 05/07/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 27, 29/06/2023 - 05/07/2023)The new Ethereum token standard, ERC-223, has been added to ETH documentation. Polygon Labs proposes a four-layer architecture for Polygon 2.0. TRON network is gearing up for its Periander upgrade.
Weekly DeFi IndexThis week's market cap and volume indices were positive at +11.33% and +24.57%, respectively, while volatility index was negative at -32.52%. Chart of the WeekLayerZero, an omni-chain interoperability protocol, has seen a significant surge in activity in the past few months, reaching a record of nearly 500,000 daily transactions on 30 June. The protocol, launched in March 2022, has surpassed 31 million cumulative transactions. Read our research report on Layer-0s and interoperability solutions, including a deep dive on LayerZero: Layer-0: Infrastructure for Customised Blockchains. News Highlights
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DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! |
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Market Pulse by the Crypto.com Research & Insights Team (Week 27, 27/06/2023 - 3/07/2023)
Monday, July 3, 2023
Crypto.com establishes its very first Global Innovation Lab. Hong Kong government forms task force for Web3 development. Swiss National Bank to launch wholesale CDBC pilot project.
Weekly NFT & GameFi Update (Week 26, 24/06/2023 - 30/06/2023)
Friday, June 30, 2023
CryptoCom announces Global Innovation Lab for Web3 and AI. Azuki releases 'Elementals' expansion with mixed reactions. Gaming giant Ubisoft unveils its first blockchain game.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 26,22/06/2023 - 28/06/2023)
Wednesday, June 28, 2023
Crypto.com establishes Global Innovation Lab to advance blockchain, Web3, and AI. Circle's CCTP is now live on Arbitrum. zkSync unveils ZK Stack for building ZK-powered 'hyperchains'.
Market Pulse by the Crypto.com Research & Insights Team (Week 26,20/06/2023 - 26/06/2023)
Monday, June 26, 2023
Crypto.com receives VASP registration from Bank of Spain. JPMorgan conducts its first Euro-denominated blockchain transaction. SAP launches testnet for stablecoin cross-border payments.
Weekly NFT & GameFi Update (Week 25, 17/06/2023 - 23/06/2023)
Friday, June 23, 2023
'CryptoPunk' NFT burnt and transferred to Bitcoin as Ordinals inscription. Fortnite and Nike unveil 'Airphoria' collaboration. Germany releases dog-themed NFTs to recruit blockchain
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