Weekly Update - Layer 1 & Layer 2 News (Week 25, 21/06/2022 – 27/06/2022)
Harmony announces a US$1M bounty for the hacker who moved US$100M to Tornado Cash. Norway announces an Arbitrum-powered platform to let people access shares of unlisted firms. Cardano postpones Vasil.
Key Takeaways
Harmony (ONE) announced a US$1 million bounty for the hacker that exploited the Horizon Bridge for US$100 million and moved them into Tornado Cash Ethereum (ETH) mixer.
Norway announced an Arbitrum-powered platform for citizens to access shares of unlisted companies.
Cardano (ADA) postponed Vasil hard fork citing software bugs and an ‘abundance of caution’.
Cronos (CRO) reached 48.35 million total transactions, increasing +2% from last week.
Highlights
Ethereum (ETH) testnet Beacon Chain launched and ready for trial merge
Bitcoin (BTC) network power demand falls to 10.65GW as hash rate sees 14% drop
Central African Republic president launches crypto initiative following Bitcoin adoption
Bitcoin mining company Compass Mining loses facility for not paying electricity bill
Almost US$4 billion in Bitcoin miner loans are coming under stress
Convex Finance (CVX) sets up new URLs after website address Is hijacked
THORChain (RUNE) mainnet goes live on seven networks; RUNE spikes
Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH
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
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