🏃Novice Web3 Developers Fled Amid Bear Market
DeFi Alpha
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We kick off with a sobering report from Electric Capital that indicates a 22% drop in the number of active crypto developers since last year's all-time high. But it's not all doom and gloom - the report also reveals a resilient web3 ecosystem with developer activity still higher than pre-peak levels.
Next, we delve into the security realm as Ethereum developers propose a new token standard, ERC-7281, aimed at safeguarding token issuers against cross-chain bridge exploits, following a series of high-profile hacks.
Meanwhile, CoW Swap is making strides towards enhancing the DeFi user experience with its new feature, Hooks, that allows users to chain multiple actions and save on transaction fees. Finally, a security engineer faces criminal charges in New York over a $9M crypto heist.
✍️ In today’s newsletter:
- Veteran Web3 developers contributed 80% of code commits last month: Electric Capital
- Proposed ERC-7281 standard would protect token issuers from bridge hacks
- CoW Swap launches 'Hooks'
- DoJ arrests engineer over $9M DEX hack
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Watch our video on the Arkham Intelligence controversy. And check out our podcast with Mike Silagadze, founder and CEO of ether.fi.
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