DeFi & L1L2 Weekly: ⭕️ Circle to End USDC Support on TRON
DeFi & L1L2 Weekly: ⭕️ Circle to End USDC Support on TRONCircle to end USDC support on the TRON blockchain. Solana integrates Filecoin to boost decentralised data storage. Uniswap v4 targets a Q3 launch date following Ethereum’s Dencun upgrade.
Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at +2.60%, +9.74%, and +77.68%, respectively. Chart of the WeekUSDC stablecoin issuer Circle announced it has decided to stop supporting USDC on the TRON blockchain, effective immediately. In its blog post, it stated that its decision to stop minting USDC on TRON stems from a comprehensive “risk management” framework that evaluates the suitability of all blockchains where USDC is supported. As it stands, the total stablecoin market on the TRON blockchain is valued at US$51 billion. The Layer-1 blockchain saw its USDC supply drop from a high of 1.41 billion in January 2023 to 314 million today.
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Wednesday, February 21, 2024
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DeFi & L1L2 Weekly: 🚀 Ethereum gas fees surge amid the rise of ERC-404
Monday, February 19, 2024
Ethereum gas prices surge to 8-month high amid the popularity of ERC-404. Ethereum's Dencun upgrade is set to go live on 13 March. Avalanche launches its Durango upgrade on the Fuji testnet. ͏ ͏
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 6, 01/02/2024 - 07/02/2024)
Wednesday, February 7, 2024
EigenLayer TVL surges after staking cap is temporarily removed. Solana network resumes operations after 5-hour outage. dYdX unveils 2024 roadmap with software enhancements and Permissionless Markets.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 5, 25/01/2024 - 31/01/2024)
Wednesday, January 31, 2024
Ethereum Dencun upgrade goes live on the Sepolia testnet. New developments in liquid restaking ecosystem underway; TVL reaches US$2B in Jan 2024. Immutable zkEVM launches, mainnet early access live.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 4, 18/01/2024 - 24/01/2024)
Wednesday, January 24, 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.
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