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🚀Ethereum On-Chain Activity Soars

The Defiant

DeFi Alpha

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Ethereum is enjoying booming on-chain activity, with the supply of ETH dropping to its lowest level since The Merge was activated last September amid a high burn rate. Ethereum's Layer 2 ecosystem is also enjoying a surge in activity, with transaction throughput, daily users, and TVL tagging new all-time highs.

In other news, the Uniswap-based Oku platform is deploying on the Rootstock Bitcoin sidechain, Synthetix is doing away with token inflation, and degens are degens to Seamless Protocol's yield farming campaign.

Plus, Senator Elizabeth Warren has introduced a bill aiming to go after the digital asset industry.

✍️ In today’s newsletter:

  • ETH supply tags milestone low
  • Linea leads L2 activity surge
  • Proposal to launch Uniswap on Bitcoin sidechain
  • Synthetix ditches SNX inflation
  • Yield farmers jump on Seamless Protocol
  • Elizabeth Warren's anti-crypto bill

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🎬 WATCH

Check out our recent interviews with Ethereum's chief scientist, Vitalik Buterin, and MakerDAO's co-founder, Rune Christensen, from the Devconnect conference in Istanbul. And watch our podcast with Will Warren, the co-founder and CEO of 0x and Matcha, to learn about Matcha's cross-chain swap functionality.

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