Dr.DODO brings you our newly launched weekly brief - DODO Megascope, which covers the following sectors:
Crypto Headline
Governance Updates
Sector Delivery
Data check
CT Insights
BNB bridge hack is due to a successful forge of the Merkle Proof via RangeProof, leading to about $570 Million loss.
Crypto exchange Huobi Global to be acquired by About Capital.
After a series of disagreement with the team and two years of intense work, Stephane quit from Flashbot.
TrueFi DAO proposed to reduce tfTUSD pool emissions from 10,000 TRU per day to 0 TRU per day and reduce tfBUSD emissions from 40,000 TRU per day to 20,000 TRU per day.
Sushi proposed to partner with Nansen to set up gated Sushi community channels on Nansen Connect for SUSHI and xSUSHI holders.
Uniswap seeks community feedback to determine the parameters for deploying the Uniswap liquidity mining program using the OP grant from Optimism.
Yearn launched Vaults in Optimism to provide mining revenue opportunities for DAI, WBTC, WETH, USDC and sUSD.
MakerDAO continues to invest $500 million in Treasuries and bonds.
Digital artist Melonade launches The Big Sweep, a board game project based on NFTs such as BAYC.
Web3 made its debut at Paris Fashion Week. French fashion designer Victor Weinsanto presents his first digital collection, M3talove, immediately after his fashion show in the Marais district of Paris on September 26.
Babylon: middleware between bitcoin and proof of stake.
A deep dive into BNB bridge hack.
Lido, the leading liquid staking system on Ethereum, will support a wrapped version of its popular staked ether (stETH) token to Ethereum layer 2 networks Arbitrum and Optimism.
Singapore Web3 firm Suberra has raised $2.7 million to date over two funding rounds from investors like Spartan Capital, Delphi Ventures.
Lasso Labs announces its $4.2M initial fundraise & beta availability.
Horizon, the developer of non-fungible token (NFT) trading card game Skyweaver, has raised $40 million in a Series A funding round.
Recently, Bankless released the 2022 Q3 Ethereum Ecological Report. Let's take a look at the changes in the data compared with the same period last year.
Arbitrum’s user growth is largely due to the popularity of the protocol, such as futures exchange GMX attracting $397.2M in TVL while generating $18.9B in trading volume. Arbitrum's network revenue fell 82.5% to $443K from $2.54M. Optimism's network revenue was $382K. The decline in Arbitrum’s revenue can be attributed to the reduced demand for block space.
Like Ethereum, the decline in L2 revenue was due to bearish market conditions and a sharp drop in speculative activity. Note: Due to limited publicly available historical data on Optimism, we cannot make a Y/Y comparison of average monthly active addresses and network revenue.
Source: https://newsletter.banklesshq.com/p/state-of-ethereum-report-q3-2022
Messari discusses the relationship between DeFi stability and stablecoins:
https://twitter.com/MessariCrypto/status/1578028374592991232
How consensus and data availability impact decentralized scalability of blockchains:
https://kabat.substack.com/p/how-consensus-and-data-availability