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
Recent Research Reports
Recent University Article
AuthorResearch and Insights Team DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
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. ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 🏇 The landscape of liquid staking on Solana has shifted; DTCC & Chainlink completed a pilot …
Wednesday, May 22, 2024
The landscape of liquid staking on Solana has shifted. ZkSync announces the final upgrade before it hands over the governance to the community. LayerZero concluded the sybil self-reporting phase. ͏ ͏ ͏
Crypto Market Pulse Weekly – 💸US Spot Bitcoin ETFs had the strongest week of net inflows in eight weeks
Monday, May 20, 2024
US Spot Bitcoin ETFs had the strongest week of net inflows. DTCC and Chainlink corporate to bring TradFi fund data onto blockchains. Vitalik proposed EIP-7706 to include gas for transaction calldata. ͏
NFT & Blockchain Gaming Weekly - 🚀Loaded Lions: Mane City Season 2 Live
Friday, May 17, 2024
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.
DeFi & L1L2 Weekly – 📈 Ethereum L2 Transactions Hit Record Highs, Resulting In Fees to Drop
Tuesday, May 14, 2024
Ethereum L2 transactions hit record highs, resulting in transaction fees to drop. Optimism to introduce Layer-3 applications to the Superchain. Cosmos-based Osmosis is launching a Bitcoin L2. ͏ ͏ ͏ ͏ ͏
You Might Also Like
🥛 Solana shock: First SOL ETF filing in the US rocks crypto world 💥
Friday, June 28, 2024
PLUS: 50 Cent to 0 cent, watch out for celebrity scams/rugs
No Bitcoin mention by Trump while Biden fails his ‘one job’ in first presidential debate
Friday, June 28, 2024
Crypto community left disappointed as candidates sidestep Bitcoin and digital assets in key debate. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 📉 NFT Market dips 45% in Q2; Bitcoin-Based NFTs Hit New Milestones
Friday, June 28, 2024
NFT market dips 45%; Solana and Bitcoin-based NFTs hit new milestones. Notcoin burns US$3M of NOT tokens and distributes US$5M of NOT. Animoca Brands is considering an IPO. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
WuBlockchain Weekly: VanEck Submits Solana ETF Application, Expected Launch of Physical Ethereum ETF Soon, Binance…
Friday, June 28, 2024
1. VanEck Announces First Solana ETF Application in the US link VanEck has announced the first-ever application for a Solana spot exchange-traded fund (ETF) in the United States. VanEck regards Solana
🥛 Blast off! Is this L2 headed to the moon? 👀
Thursday, June 27, 2024
PLUS: ETH fees lowest in 5 years… bearish or bullish?
Just 41 US politicians now ‘strongly against’ crypto with 310 ‘strongly supportive’
Thursday, June 27, 2024
Republicans have 238 pro-crypto candidates and Democrats have 68. Democrats have 38 anti-crypto politicians with Republicans at just 5. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
OKX + OneKey: Five-Dollar Wrench Attack? An Overview of Risks in Crypto Physical Devices
Thursday, June 27, 2024
Author: OneKey Security Team, OKX Web3 Wallet Security Team Real Cases of Device Risks from Several Users Case 1: Tampered Hardware Wallet User A purchased a hardware wallet from an unauthorized
Reminder: MicroStrategy Keeps Buying Bitcoin As Total Holdings Reach $15 Billion
Thursday, June 27, 2024
We bring you the top stories in crypto every week! Stories like... Monday June 24, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR MicroStrategy Keeps Buying Bitcoin As Total Holdings Reach
NEAR Protocol Report: 2024 Activity & Trends
Wednesday, June 26, 2024
Dive into this easy-to-read report that outlines key growth areas and trends in the NEAR ecosystem. Find top apps building in the ecosystem Flipside Crypto An increasingly prominent competitor is
🥛 Solana just launched on Twitter. Are we going mainstream? 🚀
Wednesday, June 26, 2024
PLUS: Fear and greed hit 18-month low 📉