Ad Network activity on Arbitrum has been booming, with the popular Ethereum layer-2 solution seeing an unprecedented uptick in the number of transactions and addresses. According to data from Arbiscan, the network processed over 1.3 million transactions on March 21 — up from 1 million transactions recorded on March 20. The sharp increase in the…
Ad Avalanche chains X and C experienced brief outages and a period of degraded performance on March 23, as the result of a bug in the network’s 1.9.12 version. Avalanche’s C-chain experienced an hour-long outage and was unable to produce any blocks during that time, according to data from AVAScan. Block production stopped at 07:25…
Ad DeFi project Sushi and its main leader have been subpoenaed by the U.S. Securities and Exchange Commission (SEC), according to a forum post on March 21. Sushi subpoenaed by regulators That forum post, published by Sushi “head chef” Jared Grey, indicates that both he and the project itself were recently served an SEC subpoena….
Ad A hacker who recently exploited Euler Finance is attempting to arrange the return of stolen funds, as seen in an on-chain message on March 20. Hacker reaches out to Euler Finance Records from Etherscan show that the hacker sent an Ethereum transaction to Euler Finance’s deployer contract. That message read: “We want to make…
Sushi DAO (SUSHI) declined the blockchain recruitment company CB Recruitment’s proposal to get paid for its role in recruiting Sushi’s Head Chef, Jared Gray. Roughly 80% of the cast votes declined or abstained from voting on the proposal — 55.26% declined while 24.1% abstained. Of the 20% who wanted the CB Recruitment paid, 14% wanted…
Arbitrum’s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data. Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion. Arbitrum’s Weekly DEX Volume…
DefiLllama, a decentralized finance data site, is disputing its leadership as a single team member has attempted to launch a token without wider approval. Two “llama” sites now exist DefiLlama was originally launched circa October 2020 at defillama.com. Now, a nearly identical site has been launched at llama.fi. 0xngmi, one member of the DefiLlama project,…
The cryptocurrency market has seen significant gains recently, with Bitcoin rising over 30%. Alt-coins and the DeFi space have also experienced substantial gains, with Conflux ($CFX), Mask Network ($MASK), Stacks ($STX), MAGIC ($MAGIC), and Fantom ($FTM) leading the way. This week’s top alt-coin gainers are: Conflux ($CFX) +197.% Mask Network ($MASK) +129% Stacks ($STX) +112% Magic…
The recent collapse of the Silicon Valley Bank (SVB) and the USD Coin (USDC) de-peg halted the hype around Non-Fungible Tokens (NFTs) while benefitted the activity on Decentralized Finance (DeFi), as the recent DappRadar report revealed. During the weekend of Mar. 11-12, DeFi’s transaction volume surpassed $58 billion across all platforms — while Mar. 11…
Maker’s governance community has initially voted in favor of increasing U.S. Treasury bond holdings to $1.25 billion, according to a Twitter thread on March 15. Preliminary vote approves Treasury bond purchases The proposal, if it is fully approved at a later date, will see Maker more than double its current $500 million of Treasury bond…