Bitcoin and DeFi Coins Rally, Ethereum Alternatives Drop as Solana’s Outage Triggers Sector Rotation
Solana’s and Arbitrum’s outages were bad optics for Ethereum alternatives in general.
More Than $1B in ETH Has Been Burned Since Ethereum’s London Hard Fork
In just six weeks, over 297,000 ETH has been permanently removed from circulation.
Valid Points: The Success of Ethereum’s Alternative Ecosystems
Also: Decentralization in DeFi is becoming more accessible
Synthetix’s SNX Token Jumps as DeFi Project Lyra Sets New Rewards Program
“This shows a growing community of participants for the Synthetix ecosystem,” said one analyst.
Layer 2 Network Arbitrum Experiences Hourlong Network Outage
The Ethereum scaling solution overcame an hourlong outage on its beta mainnet this morning as TVL continues to soar.
‘Experimental’ Early-Morning Attack Temporarily Diverts 0.8% of Ethereum Nodes
An attacker fraudulently added hundreds of blocks to the Ethereum chain with invalid proof-of-work, but only a small percentage of nodes were affected.
Solana Labs CEO Anatoly Yakovenko on SOL Dominance in Altcoin Markets
As the Solana blockchain continues to make waves in the crypto markets, Solana Labs CEO Anatoly Yakovenko discusses the drivers behind Solana’s emerging dominance in the blockchain space, digging into the potential weaknesses of Ethereum. Plus, insights into Solana’s use cases including NFTs and the outlook for its native token SOL.
Solana Funds Outshined Bitcoin Last Week Amid Down Market
Crypto funds focused on Solana’s SOL token garnered almost $50 million of inflows last week, while bitcoin funds brought in a “paltry” $200,000.
Arbitrum Vaults Onto Layer 2 Leaderboard as DeFi Assets Cross $2B
The project aims to increase the speed and reduce the cost of transactions on Ethereum.
Ethereum Hashrate Reaches All-Time High
Computing power on the network has rebounded from China’s mining crackdown as demand picks up.
