Ethereum L2 Ecosystem Breaks Records
Ethereum L2 Ecosystem Breaks Records
Bhutan Holds 13,000 Bitcoins, Ripple Joins Aptos And Hedera In Forming MiCA Alliance
Ethereum L2s hit $10 billion in TVL, which is twice as much as Solana's, and userbase grew by 35x to over 10 million active addresses. Validators have hit a record as well.
On L2 chains not limited to Ethereum, wrapped/bridged stablecoins have also jumped to $10 billion in value.
Base led with the highest stablecoin inflow as its USDC supply surpassed OP Mainnet's. The network is now also the second biggest host of USDC tokens after Ethereum.
In related news, the full definition of Ethereum L2 is in question following Vitalik's recent comments. He said that if a network hasn't reached Stage 1 decentralization status by EOY, he won't consider them L2s anymore.
To find out what projects have achieved Stage 1 layer 2 stays, check out L2BEAT's database.
Market Update
News
Bhutan Holds 13,000 Bitcoins
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MicroStrategy Boosts Bitcoin Holdings to 244,800 BTC
As of now, the company holds 244,800 Bitcoins, which accounts for approximately 1.2% of the total circulating supply. This makes MicroStrategy the largest Bitcoin holder among publicly traded companies, surpassing even most Bitcoin ETFs. | Read More
Ripple Joins Hedera, Aptos To Launch MiCA Crypto Alliance
Ripple, Hedera, and Aptos Labs have joined forces to launch the MiCA Crypto Alliance to address the challenges posed by the EU's MiCA regulation. The alliance aims to provide resources, tools, and templates to help Crypto-Asset Service Providers meet the necessary requirements. | Read More
Indonesia's Largest Crypto Exchange Hit by $22M Crypto Hack
Hackers managed to steal approximately $22 million in various cryptocurrencies. Among the stolen assets were 9 billion SHIB tokens, along with Chainlink, Tron, Ethereum, and Bitcoin. In response to the breach, Indodax's co-founder has promised users compensation for their losses. | Read More