Weekly Update - Layer 1 & Layer 2 News (Week 6, 08/02/2022 – 14/02/2022)
BTC network hashrate ATH at 248.11 EH/s. CRO TVL rises to $2.38B, total transactions up to 15.42M.
Key Takeaways
The Bitcoin (BTC) network hashrate has exploded to a new all-time high of 248.11 EH/s. The network hashrate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — on 13 February, further ensuring resilience against attacks on the Bitcoin network.
ETHDenver, the world's largest Web3 conference, kicks off its BUIDL Week on 11 February. Notable participants this year include Governor Jared Polis, South African entrepreneur (and brother to Elon) Kimbal Musk, and Ethereum (ETH) co-inventor Vitalik Buterin, who will sit for a live AMA.
The Cronos (CRO) team is coming to ETHDenver. Cronos Chain & Particle B Managing Director Ken Timsit will speak on 15 February to discuss cross-chain connectivity for new L1s.
Cronos (CRO) saw a +10.14% increase in total transactions to 15.42M and an increase of TVL to $2.38B (+6.73% week-on-week). The total number of wallet addresses now stands at 350,847, up +1.89% from last week.
Highlights
iOS jailbreak dev wins $2M bounty for finding critical Optimism bug
Cardano ($ADA) network surpasses 30 million transactions as TVL reaches new high
Terra secures sports sponsorship deal with MLB’s Washington Nationals
Cardano beats Bitcoin, Ethereum to become the network with the most transaction activity
Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange today
Ether Capital Corporation announces an additional $38 million of Ethereum staking
Gnosis (GNO) continues uptrend after vCOW airdrop and rebrand to CoW Protocol
What is SX Network? A look at Polygon's first layer 2 blockchain
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!