Weekly Update - Layer 1 & Layer 2 News (Week 22, 31/05/2022 – 06/06/2022)
Solana halted due to a bug. 1.4M addresses hold at least 1 ETH. Optimism’s airdrop hit turbulence.
Key Takeaways
The Solana (SOL) network was halted for four hours due to a bug related to durable nonce transactions.Despite this recent stoppage, Alchemy announced support for Web3 application development for Solana-based apps.
Ethereum (ETH) adoption and accumulation grows ahead of the Merge, with 1.4M addresses holding at least 1 ETH.
Optimism (OP) experienced a turbulent airdrop but earned Vitalik’s support for its new governance structure.
Cronos (CRO) reached 45.09M total transactions, increasing +2.40% from last week.
Highlights
Middle East oil producers move into Bitcoin mining with Crusoe Energy stakes
Kenya’s largest power provider to offer geothermal energy to Bitcoin miners
Ooki 2.0 is live on Ethereum with the latest features previously enabled on Layer 2 deployments
Bifrost wins 18th Polkadot (DOT) ‘parachain’ slot to bring cross-chain liquid staking to PoS chains
Cardano (ADA) users to explore Djed stablecoin trial on EVM sidechain: Details
Zcash nixes trusted setup, enters new era with major network update
LUNA 2.0 stakers to decide on future of Luna Classic (LUNC) and re-enable IBC
Layer 1 Project Metrics
* % change is based on the difference between two subsequent bi-weekly periods
† Sum of P, X and C-chain total transactions
‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan,Ethernodes, Cardanoscan, Avascan, Solana Beach, FTMscan, BSCscan,CronoScan, Cronos Explorer, DeFi Llama
Layer 2 Project Metrics
* Figure refers to Lightning nodes with active channels
† Ronin is the sidechain developed by Sky Mavis for Axie Infinity
‘–’ denotes missing, unavailable, or incomplete data
Sources: DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer
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