Tech
The newly rolled-out blockchain has a fee monetization feature that rewards developers up to 90% of network fees generated from their application.
DeFi
Polygon’s governance proposal on bridged asset yield is unlikely to move forward due to community backlash, while Polygon criticized Aave’s leadership for monopolistic behavior and undermining innovation.
The decentralized finance protocol has experienced just 11 profitable months since its launch in December 2020, with six of those coming within the last year.
Markets
PENGU, the new token for Pudgy Penguins that rolled out on Solana, has a fully diluted valuation of $2.6 billion, making it the sixth largest memecoin.
The dominant lending protocol’s governance proposal is in response to a Polygon pre-proposal to use Morpho to generate a $70 million/year yield on its $1.3 billion in bridged stablecoins.
Business
CoinFund’s overall staff increased by 28% in the past year after seeing successes in Matter Labs and Ondo Finance.
Regulation
Warren has newfound power over the SEC nomination process. Crypto helped her get there.
Developers in the crypto industry are becoming more distributed in terms of physical geography and by their activity of different blockchain networks.
Hill is currently chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion.
If cryptocurrencies are declared commodities, the CFTC could have a lot of influence over the industry.
