DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance …
DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance in JapanSolana passes a proposal to allocate all priority fees to validators. Nomura explores stablecoin issuance in Japan. Maple Finance launches Syrup providing institutional yield.Weekly DeFi IndexThis week's market capitalisation and volume indices were positive at +5.20%, +14.30%, respectively, while volatility was negative at -37.49%.
Chart of the WeekSolana validators approved a proposal known as SIMD-0096 that allocates 100% of priority fees to the validators. Prior to this change, priority fees on Solana - optional fees users pay to prioritise their transactions - were split evenly, with 50% going to validators as rewards and 50% being burned to help control SOL's annual inflation rate of 1.5% in the long-term. Currently, the inflation rate of SOL is around 4.3%. This move is seen as beneficial to validators, as they will receive a larger share of the revenue. However, it also means there will be less deflationary pressure on SOL. Solana co-founder Anatoly Yakovenko addressed concerns about the change to priority fee allocation. He stated that the current system required users to pay double the priority fee, which goes entirely to validators and is not burned. He described the priority fee burn as a ‘bug’ in the system. News Highlights
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NFT & Blockchain Gaming Weekly – 🎮 Gaming collections led NFT sales; Loaded Lion: Mane City releases competitive …
Monday, June 3, 2024
Gaming-related NFTs led sales volume last week. ENS domains proposes ENSv2 to extend ENS to Layer-2s. Yuga Labs unveils new development of BAYC including a 'Project Dragon' game. ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Loaded Lions Mane City Season 2 launches with Factions & Abilities. CryptoPunks introduces the new 'Super Punk World' collection. Fantasy.top adds new heroes and tweaks the game mechanics.
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