DeFi & L1L2 Weekly - 📈 Ethereum L2 Transactions Surge as Fees Drop Post Dencun
DeFi & L1L2 Weekly - 📈 Ethereum L2 Transactions Surge as Fees Drop Post DencunTransactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more.Weekly DeFi IndexThis week's market capitalisation and volume indices were negative at -14.97% and -2.81%, respectively, while the volatility index was positive at +19.30%. Chart of the WeekEthereum Layer-2s have been seeing an increase in transactions following the successful activation of the Dencun upgrade on 13 March. With this highly-anticipated upgrade is EIP-4844 which introduced ‘data blobs’. These blobs bypass the traditional ‘call data’ process to publish information on the Ethereum mainnet, enabling lower transaction fees in L2s. The reported jump in transactions can be attributed to the vast reduction in fees following the update. Average transaction fees on these L2s have experienced a significant reduction, with some platforms reporting up to a 99% drop. News Highlights
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DeFi & L1L2 Weekly - 💫 Community Gears Up For Ethereum Dencun Upgrade
Thursday, March 14, 2024
Community gears up for Ethereum Dencun upgrade. BRC-20 creator Domo addresses governance issues with UniSat partnership. Goldman Sachs, BNY Mellon, and others test Canton Network for tokenised assets.
DeFi & L1L2 Weekly - 💰Tether Launches Recovery Tool as USDT Hits $100B
Wednesday, March 6, 2024
Tether unveils recovery tool as USDT hits $100B in market cap. Blast officially launches its mainnet, TVL soars to $320B. Following Circle STARKs launch, StarkWare debuts new ZK prover Stwo. ͏ ͏ ͏
DeFi & L1L2 Weekly - 💰Ethena USDe's 27% Yield Sparks Debate
Wednesday, February 28, 2024
Crypto.com enters into a strategic partnership with BTG Pactual. Ethena USDe's promise of 27% yield following mainnet launch sparks debate. Arweave AO officially launches on public testnet. ͏ ͏
DeFi & L1L2 Weekly: ⭕️ Circle to End USDC Support on TRON
Wednesday, February 21, 2024
Circle 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. ͏ ͏ ͏
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