#chain

Coinbase, one of the largest crypto exchanges, now allows users to send Bitcoin to Taproot-enabled wallets. In an announcement on X, Coinbase mentioned the addition allows users to access more on-chain operations.

The decentralized exchange dYdX is set to roll out a major upgrade to its platform in the fall of 2024, which will introduce several new and unique features. One significant change will allow users to list any token issued on the dYdX Chain without requiring approval from the development team.

Worldcoin has introduced its L2 blockchain, World Chain, for a limited number of developers to test and give feedback before the mainnet launch by the end of summer 2024. Developers can also pre-deploy their applications.

Alibaba's arm, Ant Digital Technologies, has increased the registered capital for two of its blockchain subsidiaries, Ant Chain Digital Technology and Ant Blockchain Technology. The capital infusion exceeded previous amounts by over fifteen times, with the former receiving approximately $289 million and the latter about $200 million.

BNB Chain has unveiled an array of BEP 336 updates, drawing inspiration from Ethereum's EIP 4844 (Dencun), a topic we explored in a dedicated article.

Cross-chain protocol Wormhole has announced the release of its token with the ticker W and introduced its tokenomics. The project intends to allocate 17% of the total token supply as an airdrop to its users.

Orbiter Finance, a cross-chain transfer bridge, has announced the launch of its L2 network, Orbiter Rollup, utilizing ZK-rollup technology.

Polygon Labs has debuted AggLayer (Aggregation Layer), an innovative framework that brings together disparate blockchain ecosystems through Zero-Knowledge technology.

The DEX aggregator 1inch introduced a new feature, Fusion+, enabling cross-chain swaps without the need for centralized intermediaries. The system integrates atomic swap technology, ensuring automatic execution through smart contracts.

The off-chain service Mempool Accelerator allows users to speed up transaction confirmations for an extra fee.

Recently, the cross-chain transfer project LayerZero (L0) announced that it took its first snapshot on May 1st. This snapshot is likely to serve as the basis for distributing an airdrop among early users.

The FTX collapse in November 2022 had a chain effect on the crypto industry. Many companies crashed afterward, including the crypto lender Voyager.

In January 2024, the on-chain monthly transaction volume of Bitcoin reached a new record of $1.21 trillion for the past twelve months. It's noteworthy that throughout 2023, this figure did not exceed $1 trillion, typically fluctuating between $500-600 billion.

LayerZero, the cross-chain transfer protocol, has officially rolled out its second iteration, as announced through their Medium blog.

He lists his demands: “All documents and information related to company / protocol formation, structure, operation, revenues, profits, expenses, assets, liabilities, investors, salaries, etc.” “Temporary full authority and ownership over the governance mechanism (KyberDAO).” “Surrender of all Kyber (the company) assets. This is both On-chain and Off-chain assets.”