Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 29, 13/07/2023 - 19/07/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 29, 13/07/2023 - 19/07/2023)Uniswap launches the UniswapX protocol. Aave launches decentralised stablecoin GHO on Ethereum, with US$2M minted to date. zkSync Era unveils its latest prover tech upgrade Boojum.Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at +7.23%, +97.17% and +159.73%, respectively. Chart of the WeekDuring the Ethereum Community Conference (EthCC) in Paris, Ethereum co-founder Vitalik Buterin shared details on the account abstraction feature and the current challenges around its implementation. His proposed solutions include utilising ‘paymasters’, an account abstraction extension that enables users to pay fees with “whatever coins that they are transferring”, as well as signature aggregation, which can help save on gas and data. The Ethereum community has iterated on many account abstraction ideas over the years. Most recently, ERC-4337 was put forward to provide a universal account abstraction standard using only smart contracts without protocol changes. Instead, it relies on a separate mempool of UserOperation objects and miners running custom code or connecting to a bundle marketplace.
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Market Pulse by the Crypto.com Research & Insights Team (Week 29, 11/07/2023 - 17/07/2023)
Monday, July 17, 2023
District Court Judge rules $XRP is not a security in some situations. BlackRock's spot $BTC ETF application advances toward SEC review. Indonesia set to launch national crypto exchange.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 28, 06/07/2023 - 12/07/2023)
Sunday, July 16, 2023
On-chain Staking is now available in the Crypto.com App. Aave DAO community to vote on GHO stablecoin deployment on Ethereum. Shiba Inu Layer-2 Shibarium is expected to go live in August.
Weekly NFT & GameFi Update (Week 28, 08/07/2023 - 14/07/2023)
Sunday, July 16, 2023
Google Play allows NFTs in apps and games in its store. Starbucks's Odyssey announces collaboration with NFT collection Aku. 7-Eleven launches free 'Slurpee' NFTs on the Polygon network.
Market Pulse by the Crypto.com Research & Insights Team (Week 28, 04/07/2023 - 10/07/2023)
Monday, July 10, 2023
Hong Kong sets up a task force for Web3 development. MAS announced a new rule for crypto firms in Singapore. The US added 209000 jobs in June, slightly below expectations.
Weekly NFT & GameFi Update (Week 27, 01/07/2023 - 07/07/2023)
Friday, July 7, 2023
Yuga Labs releases HV-MTL Forge game. Credit Suisse partners with the Swiss Football Association to release an NFT collection. Dior announces sneakers with “digital twins” on Ethereum.
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