Key Takeaways

• Intraweek, the Bitcoin (BTC) network’s daily raw hashrate dipped to a low of 173.8 EH/s before bouncing up to 214.1 EH/s. The network remained largely unaffected by the ongoing geopolitical conflict.

• The number of unique validators on the ETH 2.0 Beacon Chain crossed the 300,000 mark. The total number of ETH wallet non-zero addresses reached 76.3M despite volatility in recent weeks.

• The Luna Foundation Guard raised $1B in reserves to support the Terra network stablecoin (UST) over a four-year vesting period.

• Cronos (CRO) saw a +7.07% increase in total transactions to 18.47M, while its TVL grew to $2.34B (+23.83% week-on-week). The total number of wallet addresses now stands at 403,533, up +3.18% from last week.

Highlights

• Russian miners keep running, may see pivot to Bitcoin in response to sanctions

• Thousands of Ethereum coders bring their grunge-hacker vibe to Denver

• Yearn launches its first Ethereum layer-2 service on Arbitrum

• Ethereum validators near 300,000 as amount of ETH staked surpasses 9.5 million

• Ethereum mining pool Flexpool halts all services to Russia in wake of Ukraine invasion

• Ethereum gets an upgraded scaling Testnet – and it's actually years ahead of schedule

• (Optimism) ETHDenver: Rollup recap

• Ethereum scaling solution StarkNet completes launch – with goal to move to community control

• Cardano interoperability with Ethereum in the works as Bridge Testnet launches

• Cardano’s scaling solution based on ZK Rollups unveiled

Thank you for reading! We hope you find our Weekly 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!

Share