Layers 1 & 2 (Week 23, 07/06/2022 – 13/06/2022)
Hacker returns stolen Optimism tokens. Solana disables buggy feature. Jack Dorsey announces Web5.

Key Takeaways
- Optimism (OP) hacker partially returned 20 million OP stolen during a botched transfer, with 1 million OP sent to Vitalik Buterin.
- Jack Dorsey announced plans to bypass Web3 and build a decentralised web using a Bitcoin-based (BTC) identity management system called Web5.
- Solana (SOL) released a postmortem report and disabled the durable nonce transaction feature, which caused a 4.5-hour outage on 1 June.
- Cronos (CRO) reached 46.31 million total transactions, increasing +2.70% from last week.
Highlights
- Bitcoin’s hashrate hits an all-time high, nearing 300 exahash per second
- Terra’s Anchor protocol users vote to halt ‘earning and borrowing’
- Hut 8 Mining opens third facility, hits 7,000 Bitcoin (BTC) in reserves
- Crypto miner Hive Blockchain selling Ether (ETH) to pay for Intel mining rigs
- Storage blockchain Crust Network to launch External Adapter on Chainlink (LINK)
- Cube Chain launches high-performance modular mainnet to meet market demand for Web3
- Elrond L1 network hacked, with US$1.65M EGLD stolen
- FatManTerra launches non-profit LUNA validator for UST compensation
- Bitcoin Lightning Network capacity charges through 4,000 BTC
- Chinese chip designer reportedly filed for US$50M Nasdaq IPO
- Jack Dorsey and Jay-Z announce the Bitcoin Academy in Brooklyn, New York
Layer 1 Project Metrics

† Sum of P, X and C-chain total transactions
‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan, Ethernodes, Cardanoscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, Cronos Explorer, DeFi Llama
Layer 2 Project Metrics
† 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
Share with Friends
Related Articles
NFT & Gaming — 💰 Loaded Lions: Mane City Season 3 started with an initial US$20,000 prize pool; Doodles launched its ecosystem token, DOOD
DeFi & L1L2 Weekly — 🤝 Dubai and Crypto.com partner on crypto payments for government services; ETH rose over 20% after the Pectra upgrade
📉 BTC ve ETH vadeli işlemlerinin borsalardaki açık ilgisi, zirvelerinden bu yana sırasıyla %30 ve %48 düşüş gösterdi; Crypto.com, BAE’de türev ürünler sunmak için sınırlı bir lisans aldı
Ready to start your crypto journey?
Get your step-by-step guide to setting upan account with Crypto.com
By clicking the Submit button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.