Cryptocurrency After a very volatile week in the market, users altcoin focused on their development.
Highlights of This Week
- Ethereum There has been $500 million inflows into liquid staking derivatives (LSD) since the Shanghai Update. FXS 160 thousand frxETH led to 19% growth, surpassing deposits, followed by Rocket Pool and Lido.
- Lens Protocol, announced Bonsai, the Optimistic L3 scaling solution for decentralized social media that significantly increases scalability and reduces costs.
- Circle, Ethereum And on Avax Introducing the Inter-Chain Transfer Protocol of USDC increased its cross-chain liquidity.
- For integrating Chainlink’s oracles for 1.2% of protocol fees GMX offer was accepted.
- Curve, Launched Tricrypto Next-Generation, which offers ERC20 compatibility, lower transaction fees, and improved price oracles.
- a basket of LSDs of yETH The YIP-72 proposal to launch was accepted with great support.
- It is a modular cross-chain liquidity protocol. Catalyst announced.
- LayerZero, By launching Essence, it reduced the operational time of validators to under an hour and allowed teams to scale validator sets.
- Arbitrum The DAO distributed 113 million ARB tokens to over 100 projects, but TridentDAO soon sold all the tokens it received.
- Uniswap GND, an Arbitrum-backed stablecoin protocol built on V3, was released and quickly raised $9M in TVL within two days.
- It is a concentrated liquidity management protocol. gamma, exceeded the $110 million mark in total locked value (TVL).
- ether.fi, announced Operation Solo Staker, a program that provides 12 free staking machines to users worldwide who commit to running a node for three years.
- aptos, introduced delegated staking to increase participation in the network.
- A zkSync Era game ecosystem protocol Tevaera, launched its mainnet.
- MEV is a protected cross-chain swap protocol. Cashmere Labs Started the testnet.
- One Arbitrum 0xAcid, the LSD protocol, introduced the meme token LSDoge.
- Trust Wallet After a browser extension fixed the wallet rendering vulnerability, it refunded $170,000 to affected users.
- Synthetix, BTC And ETH It aims to reduce fees for open positions and increase the maximum leverage to 50x for open positions.
- Optimism Collective proposed a $6 million budget to support innovation.
- Lido, It demands 24.5 million DAI and 200,000 LDO for the development of V2.
- Cryptex Finance, He proposed to promote liquidity with 37.5k ARB airdrop distribution.
Related Content: New Cryptocurrency Step from PayPal: Meaning Big for Adaptation!
Next Week’s Major Altcoin Developments
- Featuring significantly reduced network fees and zero-knowledge proofs KISS Bedrock Upgrade will be available soon.
- from lido Full withdrawals are expected to go live in early May.
- As recent test contract setups and increased GitHub activity show, of crvUSD expected to be released soon.
- Blur Season 2 ends on May 1, and 300 million BLUR tokens are distributed to users.
- Optimism Liquidity mining rewards have been discontinued and will resume on May 3.
- of MKR credit product Spark Protocol expected to be released soon.
- phantom It is preparing to move to multi-chain on Ethereum and Polygon on May 1.
- bybit, It will require mandatory KYC for all services from May.
- sui The mainnet goes live on May 3, and the first trading will take place on OKX.
*Not investment advice.
Source: Bitcoinsistemi.com