Layers 1 & 2 (Week 26, 28/06/2022 – 04/07/2022)
Ethereum delays difficulty bomb, and Sepolia testnet prepares for the Merge. Compass Mining denies unpaid bills comments amidst CEO&CFO resignations. Cardano successfully launches Vasil on its testnet.

Key Takeaways
- Ethereum (ETH) developers delayed the difficulty bomb to mid-September, while the Sepolia testnet is ready for the Merge trial.
- Compass Mining denied comments about unpaid electricity bills, while the CEO and CFO resigned, citing ‘setbacks and disappointments’.
- Cardano (ADA) successfully launched the Vasil upgrade on its testnet.
- Cronos (CRO) reached US$1.37 billion total value locked, increasing +18.62% from last week.
Highlights
- Polygon deploys custom blockchain scaling system ‘Avail’
- Bitcoin Lightning Network developer updates node software with Taproot support
- North Korean attackers behind US$100M Harmony hack: Report
- Optimism’s TVL doubles as trading activity surges on Layer 2s
- Battle-hardened Ronin bridge to Axie reopens following $600M hack
- Bitcoin miners unmoved by BTC price crash as mining power remains stable
- Spacechains: How this new Bitcoin sidechain proposal works
- Marathon Digital says Montana storm knocked out most Bitcoin rigs
- DappRadar and LayerZero launch chain-agnostic staking token
- Ethereum gas fees hit 20-month low amid market downturn
- Cardano becomes most actively developed project in crypto industry
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
Author
Research and Insights Team
Share with Friends
Related Articles
DeFi & L1L2 Weekly — 🚀 Ethereum’s Pectra upgrade successfully deployed on the Sepolia testnet; pump.fun saw a significant drop in token launches
📈 La dominance di Bitcoin ha raggiunto un massimo di 4 anni del 62%; Trump ha annunciato una riserva strategica di cripto con BTC, ETH, XRP, SOL e ADA
DeFi & L1L2 Mingguan — 🚀 Cronos memelopori transfer kripto-ke-debit yang mulus; Virtuals Protocol mengalami penurunan volume jual-beli sebesar 95%
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.