DeFi
As LayerZero finds more industry-grade airdrop farmers, activity in the interoperability protocol is going down, but still dominates the sector.
Ethereum
ZKsync plans to airdrop 3.6 billion ZK tokens to 695,232 wallets. Around 89% of the airdropped tokens, which will be liquid from day one, will go to ZKsync users.
DeFi protocol UwU Lend, founded by QuadrigaCX’s Michael Patryn, lost over $19 million in a flash loan attack.
Solana
The Solana Foundation took action against validators that perform sandwich attacks, and the Jito Foundation delegates could blacklist others.
An attacker breached the 2FA authentication service for Loopring’s smart wallets, impersonated wallet owners and siphoned around $5 million from what Loopring markets as “Ethereum’s most secure wallet.”
Friend.tech plans to build its own blockchain, Friendchain, utilizing FRIEND as a fully transferable gas token.
Business
23.7% of total votes that participated in the onchain vote were against the proposal to use 225 million ARB tokens from Arbitrum DAO’s treasury, which included Bitcoin OG Eric Wall, GFX Labs, Michigan Blockchain, and Camelot.
Coinbase smart wallet, which launched this week, is subsidizing gas costs for users’ transactions for some dapps on Base. But a launch partner says one aspect of the setup could enable the company to do this forever.
SEC Chair Gary Gensler implied that the ball is in the court of the spot ETF issuers when it comes to how soon a spot ether ETF may be listed.
After Layer 2 network Linea halted block production this week, many demanded the sequencers be decentralized. But is it necessary?
