EthHub Weekly #194
StarkNet alpha on mainnet, MetaMask adds support for Lattice1, Slingshot deploys to Arbitrum, Zapper reaches 1 million MAUs and much more!
🔥 1 Million ETH
We did it - the Ethereum network burned 1 million ETH in 110 days - an absolutely amazing milestone worth billions of dollars. Of course, the Ethereum network will keep burning ETH in perpetuity, but I always think its nice just to stop and reflect on big milestones - especially when it took over 2 years for EIP-1559 to be implemented to begin with! Though in saying that, it’s funny how EIP-1559 just exists and does its job to little fanfare besides these burn milestones - exactly how a protocol upgrade should function!
Have a great week everyone!
News of the Week
American banking giant Citigroup has promoted Puneet Singhvi from head of blockchain and digital assets in the global markets division to lead its institutional clients group (ICG) in the space.
Starting his role on December 1, Singhvi will report to Emily Turner, the head of business development for ICG, and will “outline a distinct strategy on where and how ICG should pursue digital asset opportunities” according to a memo shared with The Block.
Shobhit Maini and Vasant Viswanathan will take up Singhvi’s previous role as co-head of the blockchain sector in the global markets divisions. The multinational will also hire up to 100 roles to built out its ICG digital asset division.
n November 23 letters seen by The Block, Senator Sherrod Brown is calling on stablecoin operators to open up about their processes.
The letter to Circle's Jeremy Allaire reads: "Consumers’ increased use of stablecoins, and their importance in effecting transactions in digital assets, underscores the need for greater understanding of the basic operation, and limitations, of USDC."
Brown sent similar letters to Coinbase, Gemini, Paxos, TrustToken, Binance.US and Centre. According to Brown's office, "a similar letter to Tether is planned but has not been sent yet." A copy of the letter intended for Tether began circulating on social media after being discovered online.
Setting a response date of December 3, Brown asked the issuers to explain in "clear, straightforward terms" their processes for minting and redemption, as well as special arrangements that those issuers have with specific trading platforms.
Updates on the latest merge efforts with Kintsugi and a reminder to upgrade your eth1 nodes for the Arrow Glacier network upgrade.
Aya from the Ethereum Foundation share the story of the EF and UNICEF’s journey together, to recognize some of the achievements of their partnership, and to speak a bit more about what’s next.
StarkNet is a permissionless decentralized rollup operating as an L2 network over Ethereum. This week, StarkNet hit the Ethereum mainnet in an alpha fashion and is ready for developers to start tinkering with.
With Lattice1, you use MetaMask precisely as you do now, but with the peace of mind knowing you’re using hardware security instead. You sign transactions normally in MetaMask; requests will pop up on the Lattice1’s touch screen as well for verification.
You can now use the Slingshot DEX on the Arbitrum layer 2 network with real-time charts for every token, positive slippage and more.
Adidas Originals, a brand of the German sportswear clothing firm Adidas, has announced a partnership with the crypto exchange Coinbase.
The Nansen analytics platform now supports Ethereum-based layer 2 Arbitrum with new dashboards.
dApp partners can now fill up the gas tank & be assured that the relayers will fund the gas for all user transactions.
Ondo Finance and Fei Protocol have partnered with several cutting-edge DeFi protocols to help them increase their decentralized exchange liquidity.
Pika Protocol is the first perpetual swap exchange live on the Optimistic Ethereum network.
It is now possible to create a KPI option that unlocks when you reach your goal on UMA. Previously, they would only unlock at a specified maturation date.
The Zapper platform now has 1 million monthly active users and has processed over $10 billion in total transaction volume.
This post details the upcoming Debt Pool Synthesis feature that will introduce fungibility between L1 and L2 Synthetix synths.
Know Thyself-Custody - The Daily Gwei
Web3, Not Crypto - The Daily Gwei
Value Fragmentation - Cody Born via Geek Culture
Bitcoin vs Ethereum: Blockchain Size - BitMEX Research
Scaling Ethereum & Crypto for a Billion Users - Justin Mart & Connor Dempsey via Coinbase Blog
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Head of Growth - Thali DAO
Social Media Manager - Aave
Smart Contract Engineer - Immunefi
Visual and Product Designer - Maple Finance
+1000’s more on the Cryptocurrency Jobs website!