Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 184th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between February 25th and March 3rd, 2024.
🔥 The DeFi Bulletin
Aleo users are concerned about their privacy after the KYC documents leak.
The Ethereum Dencun upgrade date is set for March 13th.
According to Coinbase data, U.S. investors drive demand for Ethereum.
Commissioner Peirce stated that the SEC is in “enforcement-only mode” for crypto.
State attorneys have claimed that the SEC overstepped its boundaries in its Kraken lawsuit.
The Delta hard fork has resulted in fee reduction for the Optimism ecosystem chains.
Aave DAO produced its first block under its Frontier ETH staking program.
Polygon zkEVM prepared for the Dencun upgrade, eyeing significant fee reductions with EIP-4844.
Ankr is to create liquid staking tokens for Bitcoin, staked via Babylon.
Gauntlet joined Morpho after leaving their last partner, Aave, last week.
Circle partnered with Krafton and Naver Z to build a “Roblox-style” metaverse.
Uniswap revealed a new browser extension and other tools to make crypto transactions easier.
Blast crossed $2B in TVL ahead of the February 29th mainnet launch, which occurred late last week.
Decentralized lending TVL crossed $30B, a rare moment that has not occurred since the middle of 2022.
SynFutures launched its third version on the Blast mainnet while unveiling its points program and future token launch.
Jae Kwon was announced as the leader of the community GovGen initiative in the prelude to the AtomOne fork.
Parcl Limited introduced $PRCL, its network token aimed at enabling governance, exclusive data access, and protocol utility.
Avail, a modular blockchain project, raised $27M in seed funding.
Taiko, an “Ethereum-equivalent ZK Rollup,” closed a $15M funding round.
Initia, a rollup-focused blockchain, secured $7.5M in funding.
Octav, a project focused on on-chain data, secured $4M in strategic funding.
Arkis closed a $2.2M funding round, hoping to accelerate adoption with the funds.
Babylon received an undisclosed sum of investment from Binance Labs.
💵 State of the Stablecoins
$USDC is making a comeback, with the total market cap of $USDC increasing faster than $USDT’s market cap.
Thanks for reading, and be sure to catch the 185th issue of The Defiprime Post out this time next week! 👋♦️👋