Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)USDC issuer Circle confidentially files for IPO in US. Polygon launches Amoy testnet, zkEVM enters its next stage of development. Cosmos Hub voting on a proposal to set ATOM’s inflation rate to 0%.
Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at +10.47%, +2.16%, and +29.53%, respectively. Chart of the WeekCircle, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) in the United States, signalling its intent to become a publicly traded company. This is Circle’s second attempt since December 2022, as it previously took steps to go public through a US$9 billion SPAC deal. It did not disclose the number of shares it plans to sell or the proposed price range for the new IPO filing. USDC is the second-largest stablecoin, with a market cap of about $25 billion. News Highlights
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 2, 04/01/2024 - 10/01/2024)
Friday, January 12, 2024
TVL of Ethereum L2 networks reach a record-high of nearly $21B in Jan 2024. Ethereum developers confirm #Dencun upgrade testnet dates. Paxos exploring $PYUSD deployment on AaveAave to boost liquidity.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 51, 14/12/2023 - 20/12/2023)
Wednesday, December 20, 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 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.
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