For the DeFi community
This week, Binance Labs, Binance’s venture capital division, announced Raise $ 500 Million For new web3 mutual funds – use external investment first. DST Global Partners and Breyer Capital, along with many private equity funds, family offices, and businesses, have supported the fund. The fund aims to support projects that promote the adoption of web3 and blockchain, covering incubation, early ventures and late growth investments.
Continue to invest in the industry.
— CZ ? Binance (@cz_binance) June 2, 2022
Ethereum is preparing for the first “dress rehearsal” for the integration of the Proof of Stakes network. Ropstentestnet practice merge It is set to occur on June 8th. The test run will directly review the performance of the merge development so far and any issues that may occur when the merge is published on the mainnet. The testnet merge beacon chain started earlier this week.
? Announcement of Ropsten Merge ?
Ethereum’s longest-lived PoW testnet moves to Proof of Stake! The new Beacon Chain has started today and The Merge is scheduled for June 8th on the network.
Node Operator: This is the first dress rehearsal ? https: //t.co/0fDHObLOmn
— Tim Beiko | timbeiko.eth? (@TimBeiko) May 30, 2022
Bitcoin Lightning Network Renewed the highest price ever In terms of total capacity – exceeds 3900 BTC locked in the Layer 2 scaling solution. Lightning Network has been around since 2018, when it was introduced to improve Bitcoin’s scalability issues.
— Watcher.Guru (@WatcherGuru) May 30, 2022
Ethereum scaling network Optimism initial token distribution This week, about 250,000 eligible addresses were airdropped OP tokens, which was accompanied by a significant share of the drama. When the team tried to manage the problem by stopping the token claims interface, the token claims overwhelmed the endpoint, overloading the public RPC on the network.
Wow, what a day.
OP Drop # 1 was a turbulent launch, but after more than 5 hours of non-stop work, it finally stabilized.
We will publish a complete and detailed retrospective of the lessons learned next week. Let’s briefly talk about what happened.
— Optimism (✨?_?✨) (@ optimismPBC) June 1, 2022
Most of the market has been sluggish since last year’s highs, but there seems to be a new “flip” in the space – Layer 1 alternative chains are hidden by the Ethereum Layer 2 scaling solution.. That is, as capital began to re-migrate to the Ethereum ecosystem, optimism and arbitrum began to generate more charges than any other “Etherium Killer” blockchain. Active activity is active as users realize that they no longer have to hesitate to enter an affordable decentralized market, partly due to the excitement of Optimism’s OP Token Airdrop. It captures both attention and capital.
Both optimism $ OP & Arbitrum is already generating more revenue than any other altL1
—ILiveInLambo?️?️ (@LiveLambo) June 1, 2022
Expect Layer 2 hype and attention to continue as more Ethereum-based scaling solutions are centered, projects migrate, and platform tokens are distributed to the most loyal users. The rise of the Layer 2 platform is not limited to Ethereum, and Bitcoin’s unique Lightning Network has reached its highest capacity this week. The scalability of the OG ecosystem is in full swing – is the L2 season really here?
Best yield: 10% APY Nexo Lend, 8.47% APY Block Fi
Cheapest loan: 1% Celsius, average 3.29% APY
DAI Savings rate: 0.01%
Basic charge: 0.00%
ETH stable rate: 0.50%
USDC Stable rate: 1.00%
WBTC stable rate: 0.75%
Best yield: 10% APY Nexo Lend, 7.99% APY Gemini
Cheapest loan: 0.10% Celsius, 2.35% compound APY
Total value is locked: $ 5.444 billion (0)% Change since last week)
DeFi market capitalization: $ 49.6 billion (up 2.1%)
DEX Weekly Volume: $ 12 billion (down 8%)
DAI supply: 6.40B (3.2% increase)
[Florent Moulin – Messari Blog] – The Graph Foundation Awards Messari $ 12.5mm in First-Ever Core Subgraph Developer Grant
[Sam Bourgi – CoinTelegraph] – Balancer launched with Ethereum L2 Network Optimism
[Gareth Jenkinson – CoinTelegraph] – KuCoin plugs into Web3 with a new distributed wallet
[Stacy Elliott – DeCrypt] – Crypto Exchange Bitstamp wins product for Ethereum in Algorand, USA
Alejandro is a blockchain writer and consultant who has been involved in this area since the beginning of 2016. He is very passionate about this new technology, creating countless projects and news media content.