Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 39, 21/09/2023 - 27/09/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 39, 21/09/2023 - 27/09/2023)Google Cloud expands to blockchain data, adding 11 networks, including Cronos. Aave v3 to launch on Polygon zkEVM. Mixin Network and HTX suffered hacks with millions in losses.Weekly DeFi IndexThis week's market cap and volume indices were positive at +0.32% and +2.49%, respectively, while the volatility index was negative at -19.36%. Chart of the WeekThe Merge, or Ethereum’s transition to the Proof of Stake (PoS) consensus mechanism, was completed on 15 September 2022. Since the upgrade, the network has undergone several changes and improvements. These include a gradual decrease in ETH supply, reduced energy consumption, and growth in ETH staking boosted by the Shapella upgrade rolled out in April 2023. Today, the circulating supply of ETH is 0.23% lower than it was a year ago, making it deflationary. This decrease in supply mainly resulted from the elimination of ~13,000 ETH issued daily for Proof of Work (PoW) mining rewards, and the burn mechanism introduced by EIP-1559 that burns ~1,600 ETH daily. News Highlights
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Market Pulse by the Crypto.com Research & Insights Team (Week 39, 19/09/2023 - 25/09/2023)
Monday, September 25, 2023
Federal Reserve holds interest rates steady. Nomura introduces a Bitcoin exposure fund. Citigroup's new blockchain service to facilitate payments and liquidity.
Weekly NFT & GameFi Update (Week 38, 16/09/2023 - 22/09/2023)
Friday, September 22, 2023
Loaded Lions introduces Mane City Awards & Access Pass system. Casey Rodarmor proposes using unstable numbers for inscriptions in Bitcoin Ordinals. Magic Eden integrates Solana's cNFTs.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 38, 14/09/2023 - 20/09/2023)
Wednesday, September 20, 2023
Ethereum's new Holesky testnet delayed after launch failure. Cosmos Hub rolls out Gaia v12 upgrade to add a liquid staking module. Optimism announces third round of community token airdrops.
Market Pulse by the Crypto.com Research & Insights Team (Week 38, 12/09/2023 - 18/09/2023)
Monday, September 18, 2023
Crypto.com kicks off its inaugural APAC Hackathon. Ethereum launched its new testnet #Holesky. Franklin Templeton joins the race for a spot $BTC ETF
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 37, 07/09/2023 - 13/09/2023)
Sunday, September 17, 2023
Circle's USDC launches on Optimism, Base, and Cosmos. dYdX to launch decentralised order book exchange on Cosmos. Sushi expands to Aptos and marks first non-EVM chain deployment.
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