Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 45, 2/11/2023 - 8/11/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 45, 2/11/2023 - 8/11/2023)Celestia launches its mainnet beta following the TIA token airdrop. Optimism introduces the Canyon Hardfork. Arbitrum DAO passes proposal to allow ARB token staking.
Weekly DeFi IndexThis week's market cap and volatility indices were positive at +15.30% and +36.93%, respectively, while the volatility index was negative at -40.54%. Chart of the WeekModular blockchain Celestia has successfully deployed its mainnet beta, enabling rollups and other modular chains to use it for data availability and consensus, marking the arrival of the ‘modular era’. This follows the airdrop of its native TIA token, issuing 60 million TIA to 580,000 active users in Cosmos and Ethereum Layer-2 ecosystems. The Celestia data availability (DA) layer incorporates a Proof-of-Stake (PoS) blockchain known as the celestia-app. This blockchain is the foundation for facilitating transactions within the DA layer and was developed using the Cosmos SDK. The launch of Celestia and TIA boosted the Cosmos ecosystem, with the total value locked (TVL) surging 23% month-on-month.
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Market Pulse by the Crypto.com Research & Insights Team (Week 45, 31/10/2023 - 06/11/2023)
Monday, November 6, 2023
Invesco and Galaxy's spot BTC ETF appears on the DTCC website. ProShares launches the world's first short ETH ETF. Swiss National Bank working on a wholesale CBDC pilot.
Weekly NFT & GameFi Update (Week 44, 28/10/2023 - 3/11/2023)
Friday, November 3, 2023
Unstoppable domain enters .com, Sky Mavis teams with Korean Act Games for Ronin blockchain games. ATP releases Nitto ATP Finals posters as NFTs.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 44, 26/10/2023 - 1/11/2023)
Wednesday, November 1, 2023
Ethereum devs confirm Dencun upgrade ruled out for 2023. Arbitrum Orbit is now officially mainnet-ready. Lido DAO raise concerns over LayerZero's unapproved wstETH bridge rollout.
Market Pulse by the Crypto.com Research & Insights Team (Week 44, 25/10/2023 - 30/10/2023)
Monday, October 30, 2023
BTC is on the verge of a golden cross. Digital assets investment products' AUM rose to US$31.7B in October. Deutsche Bank and Standard Chartered test blockchain-based transactions.
Weekly NFT & GameFi Update (Week 43, 21/10/2023 - 27/10/2023)
Friday, October 27, 2023
Judge orders RR/BAYC creators to pay over $1.5M in damages to Yuga Labs. Decentraland introduces "Decentraland NAME" for personalised metaverse identities. Memeland launches MEME token.
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