Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 07/12/2023 - 13/12/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 07/12/2023 - 13/12/2023)Bitcoin Core V26.0 goes live, V27 could terminate Bitcoin Ordinals. Ethereum aims to activate Dencun in January 2024. Polygon CDK to integrate Celestia’s data availability solution.
Weekly DeFi IndexThis week's market cap index was negative at -1.40%, while volume and volatility indices were positive at +13.22% and +112.10%, respectively. Chart of the WeekPolygon announced it will integrate Celestia with Polygon's chain development kit (CDK) in early 2024, providing an easily-pluggable component for Polygon-based networks to use Celestia for data availability (DA). This will introduce a specialised data availability solution to Layer-2 (L2) projects using the Polygon CDK. L2s need a data availability layer to securely and reliably retrieve transaction data to verify that a block is valid for all network participants. In Ethereum’s L2s, the Ethereum blockchain is used as a DA layer, which typically results in high fees for data storage. The strength of Celestia is to support L2 rollups as the data availability (DA) layer, thus reducing L2 fees without compromising security. Since its launch, there has been a total of 58MB of data stored in Celestia.
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 49, 30/11/2023 - 06/12/2023)
Wednesday, December 6, 2023
Crypto.com secures approval as an Electronic Money Institution in the UK. DeFi market rebounds as TVL surpasses US$50B. Uniswap partners with Talos to bring institutional access to DeFi.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 48, 23/11/2023 - 29/11/2023)
Wednesday, November 29, 2023
Blast skyrockets with nearly US$600M in TVL days after launch. dYdX completes mainnet migration, rolls out a $20M launch incentive program. Cosmos founder calls for chain split to create AtomOne.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 16/11/2023 - 22/11/2023)
Wednesday, November 22, 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 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.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 45, 2/11/2023 - 8/11/2023)
Wednesday, November 8, 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.
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