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)
- Ethereum stayed flat this week, after a push above 4000
- The Arrow Glacier upgrade pushing back the difficulty bomb was successful
- Aztec Connect, the first private bridge for Ethereum DeFi, is live on testnet - with Up to 100x gas savings with fully private transactions by default.
DAOs
- Nemesis DAO - a new BSC protocol for decentralized reserve currencies, sees 144% Increase in Active Users
- FreeRossDAO Wins Silk Road Founder’s NFT Auction With $6.2M Bid
DeFi
- The market cap of DeFi came back to $100B this week
- Coinbase is expanding is going to provide access to some DeFi protocols
- Kickstarter Announces That It Will Move to Blockchain with the help of Celo, a proof-of-stake-based blockchain
Fund Raising
- Router Protocol, a project aimed at connecting EVM and Non-EVM Chains, has raised $4.1 million in a funding round that was backed by Coinbase Ventures.
- Polygon Acquires Ethereum Scaling Startup Mir for $400M in MATIC
- Earnity (DeFi marketplace) raised $15M Series A led by BitNile
- Mnemonic (NFT analytics platform) raised $4M Seed led by Kenetic
Security
- Solana reportedly hit by DDoS attack, but network remains online
- Nearly $100 Million in PYR Stolen From Vulcan Forged NFT Marketplace
- BadgerDAO’s $121 million exploit post mortem, Cloudflare Workers script deployed using compromised API key, intermittently phished ERC20 token approvals
- dYdX deposit proxy post mortem, contract had user ERC20 approvals and could make arbitrary calls, $200k stolen, $500k bug bounty paid
NFTs
- Pepsi 1,893 profile pic NFTs, free + gas via US only waitlist
- WhiteCastle changes Twitter handle to ENS
- CryptoPunk #6457 sponsored by hair loss serum
Enterprise Blockchain & Regulation
- Nokia gets Blockchain DNS Patent
- Reddit Launches New ETH-Based Community Points Rewards Program - After picking Arbitrum to scale its Community Points program available currently on only two subreddits, Reddit is now looking to add Community Points to even more subreddits
- WhatsApp Adds Crypto As Payment Method For United States Users
- Inbox launches End-to-end encrypted wallet-to-wallet communication