In this blog we will review key events in blockchain from past week.
You may also review the quick summary video on our Youtube Channel:
Ethereum (L1/L2)
- Ether saw a decline of more than $1k in value this week dropping to $2200.
- Ethereum.org received 20 million visitors in 2021 which is 5x more than that in 2020, the core team is now working on a website revamp
- OpenGSN’s L2 meta transactions are live on optimism
DAOs
- OlympusDAO Created a Breakthrough DeFi Model but is now facing criticism of being a ponzi scheme
- ZeroShiftDao is gearing for launch on avalanche and aims to create a low cost of entry for using DeFi
DeFi
- Defi market cap rose back to $92 amid crashing prices of crypto assets last week
- Decentralized exchanges continue to lower transaction fees following the path of Uniswap and DyDx
- 1inch Network Deploys on Avalanche to offer lower transaction costs
- For the first time the trading volume of ETH/Stablecoin on Uniswap is greater than Coinbase or Binance
- Curve and Instadapp are now live on Optimism
Security
- Crypto.com bug in 2 factor authentication cause $34 million in unauthorized withdrawals from 483 account
- Multichain bridge vulnerability caused a loss of 600 ETH
- Float protocol was exploited for $1 million using price manipulation
- Redacted token vulnerability put $3M at risk, all funds were rescued without affecting any users
NFTs
- LooksRare Surges to $7B Valuation as volumes on the platform skyrocket
- Adidas & Prada announced collaboration to launch 3000 tile canvas NFT
- Gucci launches SUPERGUCCI a series of NFTs that also accompanied by hand crafted porcelain sculptures
Enterprise Blockchain & Regulation
- Twitter adds support for hexagon NFT profile pics on iOS for Twitter Blue subscribers
- Opera launched web3 browser for natively supporting dapps on windows, mac and android
- El Salvador Buys $15 Million Worth Of Bitcoin
- UK government plans for financial promotion regulations for crypto assets
News for Developers
- Ganache v7 launched with 30x faster forking including zero-config mainnet forking
- Electric capital published a detailed Web3 developer report
- MasterChefV2 added support for principal freezing and ransom attacks
- Web3UI kit is lightweight components library for making Dapps
That's It for today, Have a great day!