Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 43, 19/10/2023 - 25/10/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 43, 19/10/2023 - 25/10/2023)dYdX becomes open source as it transitions to Cosmos-based blockchain. Celestia gears up for mainnet beta launch. Safereum unlocked and dumped native tokens in US$1.3M exit scam.Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at +15.99%, +82.73%, and +239.28%, respectively. Chart of the WeekThe introduction of Friend.tech has revitalised the dapp ecosystem and inspired new Friend.tech forks to rapidly develop, which have driven great interest in the SocialFi space. Friend.tech has been dominating the market since its launch; however, contenders such as Post.tech and Stars Arena are experiencing a major uptick in their activity from September — even outpacing Friend.tech at one point — while newer social platforms like Bitcoin-based New Bitcoin City are also quickly emerging as competitors and vying for a share of the market. News Highlights
Recent Research Reports
Recent University Articles
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Market Pulse by the Crypto.com Research & Insights Team (Week 43, 17/10/2023 - 24/10/2023)
Tuesday, October 24, 2023
BTC tops US$34K, marking a 16-month high. Reddit ends its token-based Community Points programme. Lightning Labs's Taproot Assets to enable RWAs on the Bitcoin network.
Weekly NFT & GameFi Update (Week 42, 14/10/2023 - 20/10/2023)
Friday, October 20, 2023
y00ts NFT transitions from Polygon to Ethereum. Open Metaverse Alliance (OMA3) is formed to address challenges for NFTs and the metaverse. Animoca Brands and Amber launch Web3 Formula E video game.
Weekly NFT & GameFi Update (Week 41, 07/10/2023 - 13/10/2023)
Thursday, October 19, 2023
Starbucks launches NFTs for the Pumpkin Spice Latte. World of Women partnered with Monopoly for a special edition of the game. Nike and RTFKT collaborate to release NFT-enriched sneakers.
Market Pulse by the Crypto.com Research & Insights Team (Week 42, 10/10/2023 - 16/10/2023)
Thursday, October 19, 2023
Ferrari to accept cryptocurrency payments in the US. Mastercard tests a new solution to tokenise CBDCs. JPMorgan debuts in-house blockchain tokenisation application.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 42, 12/10/2023 - 18/10/2023)
Thursday, October 19, 2023
Uniswap to charge a 0.15% swap fee on select assets. Ethereum L2 Scroll launches on mainnet. Platypus loses over $2M from a flash loan attack, its third exploit in 2023.
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