Key Takeaways

The Terra (LUNA) blockchain was restarted on Thursday due to security concerns arising from LUNA’s price crash to under US$0.01. Do Kwon has proposed a plan that may involve forking the blockchain in an attempt to revive the ecosystem.
The city of Mobile, Alabama has embraced crypto with a project for sustainable Bitcoin (BTC) mining using 100 Bitmain Antminer S19s.
Meta’s former crypto chief David Marcus introduced Lightspark, a new project that aims to expand the capabilities of Bitcoin and the Lightning Network.
Infinity Wallet now supports the Cronos chain, including CRC20 tokens and DApps.
Cronos (CRO) saw a +4.25% increase in total transactions to 40.96M, while the total number of wallet addresses increased to 802,670, up +5.43% from last week.

Highlights

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, Terra Station, Terra Etherscan, 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

17 May 2022|MARKET UPDATES

Weekly Layers 1 & 2 Update (Week 19, 10/05/2022 – 16/05/2022)

Terra blockchain restarts after LUNA price crash. New BTC mining project launches in Mobile, Alabama. Ex-Meta crypto chief unveils Lightspark, a new project for enhancing Bitcoin, Lightning Network.

Condividi con gli amici

Articoli correlati

DeFi & L1L2 Weekly — 📈 Hyperliquid’s trading volume grew by 32% MoM; Tether launched gold-backed stable XAUt0 on TON

Market Pulse - 2 Jun 2025

📈 Stablecoin transactions reached US$94 billion from Jan 2023 to Feb 2025; Canary Capital submits S-1 for first spot CRO ETF in the US

GameFi - 30 May 2025

NFT & Gaming — 💎 Loaded Lions: Mane City introduced the Land Combos feature; FIFA selected Avalanche to build its L1 chain for its NFTs platform

Sei pronto per avventurarti nel mondo delle criptovalute?

Ottieni subito la guida per configurare il tuo account Crypto.com

Cliccando sul pulsante Invia, riconosci di aver letto l' Informativa sulla privacy di Crypto.com dove illustriamo come usiamo e proteggiamo i tuoi dati personali.