Key Takeaways

Bitcoin Core 23.0 has been released. The update now supports the new Taproot address type and touts better transaction fee estimates. Meanwhile, Bitcoin (BTC) recorded a lifetime hashrate high of 271.19EH/s towards the end of the week.
The Cardano (ADA) Vasil hard fork is set to take place in June 2022 and is expected to enhance the blockchain and its smart contracts platform Plutus. In a Twitter thread, IOHK introduced Plutus Core together with details on its smart contracts framework.
Cronos (CRO) saw a +6.85% increase in total transactions to 35.11M, while its TVL grew to US$3.82B (+4.76% week-on-week). The total number of wallet addresses now stands at 707,251, up +3.60% from last week.

Highlights

Layer 1 Project Metrics

* % change is based on the difference between two subsequent bi-weekly periods
† X-Chain total transactions plus 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

26 Apr 2022|MARKET UPDATES

Weekly Layers 1 & 2 Update (Week 16, 19/04/2022 – 25/04/2022)

Bitcoin Core 23.0 has been released. BTC logs record-high hashrate of 271.19 EH/s. ADA sets Vasil hard fork launch in June.

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