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.
- Morpho raised an undisclosed sum from Pantera Capital.
💵 State of the Stablecoins
- Seneca, a Stablecoin protocol, was hit by a $6M exploit.
- $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! 👋♦️👋
