Layers 1 & 2 (Week 28, 12/07/2022 – 18/07/2022)
Ether’s price rises 12% ahead of the Merge, and Vitalik Buterin responds to PoS critics. Heat wave halts Bitcoin mining in Texas Lido plans to bring stETH to layer-2 networks.
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DeFi & L1L2 Weekly — 🚀 Tokenised treasuries reached a record market cap of US$4.6B; The Ethereum Foundation launched the Hoodi testnet
📉 BTC and ETH futures open interest on exchanges saw a 30% and 48% drop since their peaks, respectively; Crypto.com received a limited license to offer derivatives in the UAE
DeFi & L1L2 Weekly — 🚀 Ethereum’s Pectra upgrade successfully deployed on the Sepolia testnet; pump.fun saw a significant drop in token launches
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