Biweekly, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.
The Optimism Collective has been announced. Optimism is one of three major layer 2 networks built on top of Ethereum. (Optimism)
One of the most credible network effects in crypto is the Ethereum Virtual Machine. It’s the setup that allows portability between protocols and assets across L1s and L2s, but in this case, namely across L1s that are not Ethereum. Cosmos recently issued EVM compatibility. (The Block)
Yuga Labs, the team behind the entire Bored Ape Yacht Club ecosystem, recently teased that they might be starting their own L1 chain alongside Ethereum after congesting the blockchain during a recent mint. (Yuga Labs Twitter)
0x Labs ($ZRX), which provides a decentralized exchange protocol and non-fungible token (NFT) standards and infrastructure, has raised $70 million at an undisclosed valuation in a Series B round led by Greylock Partners and including NFT marketplace OpenSea, Pantera Capital, Jump Crypto. and actor Jared Leto. (CoinDesk)
ENS registrations soared to a yearly high of 10K daily registrations. This comes as users start to sweep ENS addresses of numerical digits under 10,000, behind a theory that users of popular NFTs like BAYC might want to own an ENS number of their NFTs. (CoinDesk)
And on top of that, over 1M names have been registered on the Ethereum Name Service. (Twitter)
DeFi transactions are at a 1Y low, while NFT transactions are at an ATH in Q1. Blockchain analytics platform, DappRadar, tallied more than 116 million transactions involving NFTs—on decentralized applications and marketplaces—across all blockchains in the first three months of the year. That’s a 22% increase from Q4 2021. (Decrypt)
Warren Buffett says he wouldn’t pay $25 for all the bitcoin in the world — and Charlie Munger blasts crypto as ‘stupid’ and ‘evil.’ (CNBC)
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