Quick Take

Weekly DeFi Index

This week, the market capitalisation, volume, and volatility indices showed an increase of +21.70%, +94.27%, and +32.46%, respectively.

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Chart of the Week

Ethereum’s Pectra upgrade went live on 7 May, with the overhaul placing emphasis on user and validator experiences. For example, EIP-7702 allows externally owned accounts (EOAs) to temporarily upgrade to contract accounts, enabling users to enjoy benefits such as transaction batching and gas fee sponsorship. According to Dune, 4,748 transactions were related to EIP-7702, and a total of 10,009 signed authorisations were created by EOA owners to delegate their account’s execution to a specific smart contract at the time of writing.




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DeFi & L1L2 Weekly — 🤝 Dubai and Crypto.com partner on crypto payments for government services; ETH rose over 20% after the Pectra upgrade

Dubai and Crypto.com partner on crypto payments for government services; Over 4,700 transactions related to EIP-7702 were recorded post-Pectra upgrade; ETH’s value rose over 20% after the Pectra upgrade.

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