Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 16/11/2023 - 22/11/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 16/11/2023 - 22/11/2023)Circle launches ‘bridged USDC standard’ on new networks. Aave Companies rebrands to Avara, acquires crypto wallet Family. EigenLayer to launch second phase of its mainnet in H1 2024.
Weekly DeFi IndexThis week’s market cap and volatility indices were positive at +2.24% and +12.06%, respectively, while the volume index was negative at -17.83%.
Chart of the WeekCircle introduced a new ‘bridged USDC standard’ to streamline the process of launching its stablecoin on new networks. This standard allows developers to launch the token through a two-phase process, with the first phase being controlled by a third-party developer. The second is controlled by Circle itself, enabling the token to be backed directly by the company’s reserves. USDC is currently in circulation across several blockchains. This new standard seeks to expand access to USDC and reduce fragmentation by allowing developers to deploy a bridged USDC token contract with the option for Circle to seamlessly upgrade to native issuance in the future. News Highlights
Recent Research Reports
Recent University Articles
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Market Pulse by the Crypto.com Research & Insights Team (Week 47, 14/11/2023 - 20/11/2023)
Monday, November 20, 2023
Crypto.com granted Virtual Asset Service Provider licence in Dubai. Fidelity and BlackRock apply for spot $ETH ETFs. CBOE to launch $BTC and $ETH margin futures trading in Jan 2024.
Weekly NFT & GameFi Update (Week 46, 11/11/2023 - 17/11/2023)
Friday, November 17, 2023
Bitcoin BRC-20 trading is trending . Disney & Dapper Labs partner to launch a mobile app for NFT trading. NHL partners with Sweet to launch official digital collectibles marketplace.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 46, 9/11/2023 - 15/11/2023)
Friday, November 17, 2023
Crypto.com obtains digital asset provider license in Dubai. Circle and Noble to bring native USDC to Cosmos via CCTP. Ordinals mints push Bitcoin transaction fees to reach a new peak.
Market Pulse by the Crypto.com Research & Insights Team (Week 46, 07/11/2023 - 13/11/2023)
Monday, November 13, 2023
ETH surges to a new yearly high; BlackRock plans spot ETH ETF. UBS allows clients to trade crypto ETFs in Hong Kong. HSBC to launch custody service for tokenised securities.
Weekly NFT & GameFi Update (Week 45, 4/11/2023 - 10/11/2023)
Friday, November 10, 2023
Loaded Lions: Mane City's first-ever Competitive Mode season is live. Ubisoft and Immutable collaborate to develop Web3 games. The latest episode of The Simpsons features NFTs.
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