Following a flurry of regulation, Chinese users are moving their money off centralized exchanges and onto DeFi. The main driver was the decentralized layer 2 dYdX exchange, whose volume surpassed nearly all Ethereum-based DEXs alone this weekend. ( Twitter)
Twitter rolls out tipping for users, initially based in Bitcoin, Ethereum and USD. The moves comes with an additional announcement to add NFT profile picture verification for users. ( The Block)
Bitfinex accidentally submitted a transaction that tipped the validating miner with thousands of ETH, totally nearly $23M. The miner returned most of the ETH to the exchange in good faith. ( Coin Telegraph)
In a Twitter ruse, user @0xbunnygirl impersonated Sushi Swap ($SUSHI) CTO Joseph Delong and falsely announced his resignation from Sushi. The joke’s effects permeated beyond Twitter. Delong revisited the joke tweet to share a reply including a link from Chinese media reporting on the fake news. ( Twitter)
Aave Arc, a permissioned version of the popular DeFi lending platform Aave, is getting ready for its first deployment. ( The Block)
Quietly, $ETH locked and deposited into DeFi contract approaches new all-time highs. ( Twitter)
Explore the multi-chain universe, and understand how Ethereum competitors stack up to each other against key adoption metrics. ( The Defiant)
The Balancer ($BAL) community approved a bevy of new liquidity pools with mining incentives this past week, including dual incentives across a number of pools. ( Balancer Twitter)
A Solana-based decentalized exchanged called Orca raised $18 million in a Series A round led by Three Arrows Capital, Polychain Capital, and Placeholder VC. ( The Block)
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