Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 4, 18/01/2024 - 24/01/2024)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 4, 18/01/2024 - 24/01/2024)BIS to focus on tokenisation & CBDC in 2024; tokenised treasuries market cap up 657% YoY. NEAR Data Availability integrates with Polygon CDK. Frax Finance completes V3 rollout, launches Frax Bonds.Weekly DeFi IndexThis week's market cap, volume, and volatility indices were negative at -12.58%, -17.13%, and -24.84%, respectively. Chart of the WeekThe Bank for International Settlements (BIS) unveiled its strategic priorities for 2024, with a particular emphasis on central bank digital currencies (CBDCs) and tokenisation. The 2024 roadmap points to a continuation of its engagement with digital financial technologies, including the development of Project Promissa, an initiative that aims to revolutionise financial instruments by digitising promissory notes using blockchain technology. This signals a continued growing interest in RWA and tokenisation, which is further bolstered by a sizeable increase in tokenised treasuries in the past year. Data suggested that tokenised US Treasuries experienced a 657% yearly growth rate in terms of market cap, rising from US$113 million to US$866 million as of 20 January. The expansion is likely to be attributed to existing platform growth as well as an increase in the number of companies entering the tokenised treasury space. News Highlights
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)
Wednesday, January 17, 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 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.
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