Key Takeaways
- Ethereum (ETH) developers have activated the Merge on the Sepolia testnet. This exercise was essentially a dry run for activating the Merge on the main network, which is currently scheduled for later this year.
- Two months on from the Terra (LUNC) collapse, around 50 projects formerly on the network have begun to migrate to Polygon (MATIC).
- It has been revealed that the hack in which four out of nine Ronin validators were taken over by an attacker was conducted using a fake job advertisement. The attack on Axie Infinity’s sidechain resulted in US$540M in losses in March this year.
- Cronos (CRO) has completed 50.01 million transactions since its launch, an increase of +1.52% from last week.
Highlights
- Ethereum layer 2 Immutable X launches ETH-to-dollar withdrawals
- Marathon Q2 Bitcoin production down 44% as fleet remains crippled
- SHIB burn rate spikes 231% as 187 million SHIB sent to dead address
- New York State slings another arrow at Bitcoin mining
- Baseball club Perth Heat to enhance fan experience with Lightning Network
- Bitmain launches 2,400 megahash E9 Ethereum miner ahead of the Merge
- Riot Blockchain announces plans to move NY miners to Lone Star State
- Compass Mining retrenches 15% of staff, execs to take major pay cuts
- Cardano ‘sharks’ scoop up 79.1 million ADA ahead of Vasil hard fork
- Polygon scores deal with Reddit for new NFT marketplace
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
Authors
Research and Insights Team
