DeFi & L1L2 Weekly - 📈 Ethereum’s inflation rate at 0.69% per year; Polygon is set to migrate from its MATIC toke…
DeFi & L1L2 Weekly - 📈 Ethereum’s inflation rate at 0.69% per year; Polygon is set to migrate from its MATIC token to POLEthereum sees an inflation rate of 0.69% per year after Dencun Upgrade. Polygon is set to migrate from its MATIC token to POL. 21.co launches a Bitcoin wrapper on the Ethereum blockchain.Weekly DeFi IndexThe market capitalisation and volume indices were negative at -9.16% and -24.23% respectively, while the volatility index grew slightly by +0.71%.
Chart of the WeekEthereum is currently experiencing its longest inflationary period since its transition to Proof-of-Stake (PoS), with over 251,920 ETH added to the supply from mid-April to August. Due to the Dencun Upgrade in March, where EIP-4844 and other updates have helped lower burn rates as more transactions occurred on Layer 2s, there is an increase in ETH supply, therefore affecting Ethereum’s deflationary status. Its inflation rate is currently at 0.69% per year. News Highlights
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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! Thanks for reading Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming! Subscribe for free to receive new posts and support my work. 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. |
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🌐 Crypto.com announced the launch of global retail services through its Dubai regional hub; Tokenised treasuries’…
Monday, September 2, 2024
Crypto.com announced the launch of global retail services through its Dubai regional hub and added PayPal as a payment method; Tokenised treasuries' market capitalisation exceeded US$2 billion. ͏ ͏
NFT & Blockchain Gaming Weekly - 📉 NFT market saw declining sales for the 5th consecutive month; Hamster Kombat a…
Friday, August 30, 2024
NFT market saw declining sales for the 5th consecutive month. Hamster Kombat announced its airdrop plan. OpenSea received a Wells notice from the US SEC. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Wednesday, August 28, 2024
Cronos zkEVM Alpha mainnet launches with gasless transactions, easy onboarding. Solana DEXes' volume drops for third week. EigenLayer lets ERC-20 tokens become restakable assets. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 BlackRock’s ETHA became the first US spot ETH ETF to surpass $1 billion in net inflows; Sony’s joint venture la…
Monday, August 26, 2024
BlackRock's ETHA became the first US spot ETH ETF to surpass US$1 billion in net inflows; Sony's joint venture launched Ethereum Layer-2 Soneium; US SEC rejected two prospective US spot Solana
NFT & Blockchain Gaming Weekly - 📈 CryptoPunks leads the NFT market’s resurgence; Crypto.com and Hamster Kombat l…
Friday, August 23, 2024
Crypto.com and Hamster Kombat launch a new payment card. CryptoPunks leads the NFT market's resurgence. Magic Eden announces its native token, $ME. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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