5 Jul 2022|MARKET UPDATES

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

Layer 1 Project Metrics

* % change is based on the difference between two subsequent bi-weekly periods
*† 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

* 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

Author

Research and Insights Team

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