Worldcoin L2's Developer Preview
USDC Weekly Volume Up 155% This Year Following MiCA Implementation, 97% of Arbitrum Holders Face Losses
The Worldcoin Foundation has introduced a developer preview of their upcoming L2, World Chain, enabling some developers to participate in the testnet.
World Chain is set to be an open-source, permissionless, and commuity-governed network driven by the Superchain network and the OP Stack.
Worldcoin's WLD token transactions now account for more than a half (sometimes over 80%) of OP Mainnet activity, which is likely inspiring these new developments.
There are several partners involved in the World Chain project, including Safe, Elliptic, and Alchemy - they will provide the tooling.
Worldcoin itself and now World Chain will be based on a "proof-of-personhood" consensus that tries to differentiate between human and digital entities.
The consensus is, of course, reached with the help of iris scans.
The new L2 is also set to offer developers a chance to reach over 10 million customers in 160 countries.
Early access applications for developers are open.
Market Update
News
USDC Weekly Volume Jumps 155% in 2024 Following MiCA Implementation
Since MiCA came into effect in 2024, USDC's weekly trading volume has soared to $23 billion. This marks a 155% increase from $9 billion in 2023 and a substantial rise from $5 billion in 2022. The regulation has introduced stringent standards for stablecoin issuers, including requirements for whitepaper publication, governance, and more. | Read More
Tezos and Baanx To Launch Non-Custodial Crypto Debit Card
One of the primary goals of this initiative is to provide a banking alternative for the unbanked and underbanked populations. The Tezos-branded debit card will be accepted by over 110 million merchants worldwide, thanks to its compatibility with Mastercard. Transactions made with this debit card will occur on Etherlink, an Ethereum-compatible L2.| Read More
97% of Arbitrum Holders Face Losses Amid Token Price Plunge
Arbitrum, designed to enhance Ethereum's scalability and reduce transaction fees, has seen its token price plummet since its launch. Data from IntoTheBlock reveals that the majority of ARB investors are 'out of the money,' meaning their holdings are at a loss. Approximately 1.15 million addresses hold 6.67 billion ARB, valued at about $4.53 billion. | Read More
Scroll Launches Solidity Learning Platform 'Level Up' for Developers
Scroll ZKP has introduced a new platform called Level Up, aimed at supporting developers in learning Solidity and applying for ecosystem funding. This initiative is designed to make it easier for developers to gain the skills they need and secure financial support. Developers interested in the Level Up platform can apply for grants until August 8th, 2024. | Read More