Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 51, 14/12/2023 - 20/12/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 51, 14/12/2023 - 20/12/2023)Cronos Labs launches the Cronos zkEVM testnet. Ethereum approves ERC-3643, its first compliant tokenisation standard. Circle launches its Euro stablecoin, EURC; AllUnity to launch a Euro stablecoin.
Weekly DeFi IndexThis week's market cap, volume, and volatility indices were negative at -2.29%, -21.31%, and -23.97%, respectively. Chart of the WeekCronos Labs launched the Cronos zkEVM testnet, a zero-knowledge (ZK) rollup blockchain on top of the Ethereum Sepolia testnet, meaning it is secured by Ethereum both from a final settlement and a data availability standpoint. The project is a hyperchain using ZK Stack, a modular open-source framework optimised for building custom Layer-2 (L2) and Layer-3 (L3) hyperchains. It is launched in partnership between Cronos Labs, Matter Labs, and engineering teams from Crypto.com, VVS Finance, Fulcrom Finance, and Veno Finance. The target date for the Cronos zkEVM mainnet launch is set in Q2 2024. The Cronos zkEVM testnet is a significant milestone in Cronos's multi-year scalability journey, where the Cronos ecosystem is now multi-chain across several networks to support a broad range of user needs and use cases:
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 07/12/2023 - 13/12/2023)
Friday, December 15, 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 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.
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