DeFi & L1L2 Weekly – 📦 Ethereum blob usage shifted; Paxos launched a new stablecoin USDL
DeFi & L1L2 Weekly – 📦 Ethereum blob usage shifted; Paxos launched a new stablecoin USDLEthereum blob usage shifts with Taiko becoming one of the biggest consumers. Paxos launches a yield-bearing stablecoin USDL. ZKsync announces its airdrop plan.Weekly DeFi IndexThis week's market capitalisation index was negative at -16.25%, while the volume and volatility indices were positive at +14.37% and +210.63% respectively. Chart of the WeekSince the Ethereum Dencun upgrade’s successful launch in March, the usage of the blobs has changed. After the first month of the Dencun upgrade, Base, Arbitrum, and OP Mainnet dominated the blob space. In the second month, Scroll, a Zero-Knowledge-based rollup, surged significantly and held a notable position. Taiko, a base rollup that relies on Ethereum block validators to sequence transactions, emerged as the runner-up for blob consumption after its mainnet launch. It also dominated the blob fee market, generating over US$1 million in fees since its launch. News Highlights
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DeFi & L1L2 Weekly – 💪 The stablecoin market showed robust activity with $846 billion on-chain trading volume in …
Wednesday, June 5, 2024
The stablecoin market showed robust activity in May. Ethena Labs integrated its USDe and sUSDe into the Blast L2. Linea L2 halted block production due to a security incident from the Velocore. ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance …
Monday, June 3, 2024
Solana passes a proposal to allocate all priority fees to validators. Nomura explores stablecoin issuance in Japan. Maple Finance launches Syrup providing institutional yield. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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. ͏ ͏ ͏
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. ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 🎉 Crypto.com Reaches 100M Users, BlackRock’s BUIDL Becomes Largest Tokenised Treasury Fund
Wednesday, May 8, 2024
Crypto.com hits new milestone with 100 million global users. BlackRock's BUIDL is now the largest tokenised treasury fund. Ethereum devs propose EIP-7702 to enhance externally owned accounts. ͏ ͏ ͏
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