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Hardhat 3 Production Ready Release

Hardhat 3 brings a full overhaul, including performance-critical components rewritten in Rust, a modernized TypeScript CLI, and a new plugin system.

Quick Take

  • Hardhat 3 production-ready release.

  • EigenLayer $23b in restaked assets.

  • Google clarifies its crypto wallet policy.

  • Giveth introduces Causes.

Hardhat 3 Production Ready Release

Ethereum tooling provider Hardhat released Hardhat 3, the newest version of its development environment and task runner for Ethereum smart contracts. The production-ready release, despite still being in beta, features a full overhaul, including performance-critical components rewritten in Rust, a modernized TypeScript CLI, and a new plugin system. It also adds OP Stack simulation and first-class Solidity testing capabilities. Hardhat simplifies the process of writing, testing, and debugging contracts written in EVM-compatible languages. Missing features will be added in upcoming updates. Developers can now migrate from Hardhat 2.

EigenLayer Surpasses $23 Billion Restaked

EigenLayer, the largest restaking protocol, has hit a new all-time high in economic security, surpassing $23 billion in total value restaked across ETH and EIGEN deposits. EigenLayer supports native ETH restaking, LST restaking for more than nine LSTs, and restaking for over 45 ERC-20 tokens. Of the total, $16.8 billion comes from natively restaked ETH, including over $4 billion in Lido’s stETH and about $700 million from restaked EIGEN. Autonomous Verifiable Services (AVSs) leverage EigenLayer’s economic security, using Ethereum restakers to secure consensus for their own networks. EigenDA is the largest AVS with 4.5 million ETH in total value restaked. EigenLayer first launched on mainnet on April 9, 2024. 

Google Clarifies Crypto Wallet Policy

A new Google Play policy required all cryptocurrency software wallets to obtain licenses before being listed, covering 15 jurisdictions, including the US, EU, and others. The requirements include proof of FinCEN registration, a state money transmitter or banking license in the US, or MiCA authorization in the EU. Following a report by The Rage that the policy would also apply to non-custodial wallets, imposing regulatory burdens they are not legally required to meet, Google clarified that non-custodial wallets were never intended to be in scope. The company said it will update the policy language to reflect this. Rich Widmann, Google Cloud’s Head of Web3 Strategy, added that Google is working with dozens of crypto development shops and protocols to grow the ecosystem.

Giveth Introduces Causes 

Public goods funding platform Giveth introduced Causes, which are collections of mission-aligned projects with allocations managed by an AI-powered Donation Agent. Users can donate to a Cause, and their contribution is automatically distributed across all projects in that Cause. Anyone can create a Cause to earn 3% of GIVbacks from every donation their Cause receives. All donations are converted to $GIV on Polygon and placed into the Cause pool, enabling a new flywheel for the GIVeconomy. The AI Donation Agent then evaluates each project using Giveth platform data, donation history, project updates, social media activity, and GIVpower rankings to redistribute funds to the most relevant projects.

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