Crypto.com Layers 1 & 2 Weekly Update (Week 1, 4/1/2022-10/1/2022)

CronoScan brings block explorer to Cronos chain $CRO. BTC mining pools recover after internet blackout.

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Key Takeaways

  • The hashrate of major Bitcoin (BTC) mining pools neared recovery on Monday (10 January 2022), days after computing power on the network fell following an internet blackout in Kazakhstan. The situation is now ‘almost resolved’ and crypto mining data centres are back online.
  • Vitalik Buterin has shared a new proposal called ‘multidimensional EIP-1559’. If adopted, the update would affect Ethereum’s (ETH) gas fee markets and the base fee charged for different resources within the Ethereum Virtual Machine.
  • Built by the team behind Etherscan, CronoScan brings the most popular block explorer to Cronos (CRO), providing access to advanced features such as charts, developer API endpoints, and smart contract verification.
  • Cronos (CRO) saw a +7.27% increase in total transactions to 10.18M and a decrease of TVL to $1.82B (-7.61% week-on-week). The total number of wallet addresses now stands at 316,910, up +2.61% from last week.

Highlights

Layer 1 Project Metrics

EthereumTerraAvalancheSolanaFantomBinance Smart ChainCronos
Market Cap of Native Coin$368.88B$25.21B$20.71B$42.38B$5.69B$71.62B$11.23B
7-Day Change-16.36%-17.21%-18.34%-17.10%-15.99%-14.56%-18.80%
Total Value Locked (TVL)$143.20B$16.66B$10.83B$9.40B$5.26B$14.84B$1.82B
7-Day Change-9.09%-12.77%-9.94%-17.62%-7.62%-10.06%-6.63%
Cap / TVL2.58x1.51x1.91x4.51x1.08x4.82x6.17x
7-Day Avg. Daily Volume (Native Coin)$17.40B$2.13B$0.92B$1.86B$1.73B$1.86B$0.21B
7-Day Change+30.93%-0.08%-8.39%+21.85%+113.99%+17.62%-8.92%
Price of Native Coin$3,096.97$70.48$84.75$136.06$2.24$425.94$0.44
7-Day Change-17.84%-20.76%-21.73%-20.23%-21.53%-17.01%-21.76%
Total # of Transactions Since Launch1.43B64.83M†50.67B155.85M2.29B10.18M
# of Nodes / Validators544513012011382512126
* % 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, DeFi Llama

Layer 1 Project Metrics

PolygonLightning NetworkRonin Sidechain†Optimistic EthereumArbitrumBoba
TVL/ Capacity on Network$5.12B$140.06M$891.63M$302M$1.79B$94.30M
Total Transactions1.27B273.90M5.00M282,502
Nodes / Unique Addresses10032,6249.41M341,25515,474
* 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

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