• Prysm celebrates eight years.

• Polygon PoS turns five.

• Privacy Pools reopens deposits.

• SharpLink Gaming plans an ETH treasury.

Offchain Labs commemorated eight years of Prysm, its Ethereum consensus layer client written in Go. Prysmatic Labs was originally formed in 2018 to support Ethereum 2.0’s sharding vision. Prysm went live as a consensus layer client on December 1, 2020, coinciding with the launch of the Ethereum Beacon Chain. Prysm activated the Altair hard fork in 2021, The Merge in September 2022, and was acquired shortly after by Offchain Labs, the team behind Arbitrum, in October 2022. Under Offchain Labs, Prysm has helped deliver the Capella, Dencun, and most recently, Pectra. Today, Prysm is the second most widely used consensus layer client.

Polygon PoS celebrated its five-year anniversary since its mainnet launch on May 30, 2020. Originally launched as Matic Network with a focus on Plasma scaling, Polygon serves as an EVM-compatible Ethereum sidechain. Polygon gained traction in 2021 due to its low fees amid the NFT boom. Today, it powers major applications like Polymarket, the leading prediction markets platform. Polygon PoS is undergoing a major upgrade to Polygon 2.0, a transition that involves converting the chain into a zkEVM Validium secured by the AggLayer. In September 2024, Polygon migrated MATIC to POL as its primary staking and gas token to support this shift. Polygon is now the eighth-largest blockchain by bridged TVL, with over $5.2 billion in assets, including $2.4 billion in stablecoins.

Privacy Pools, an onchain privacy protocol, is back online after fixing a deposit bug that allowed precommitments to be reused. The issue led to two users unintentionally submitting duplicate precommitments, which could have rendered their funds unspendable. Privacy Pools deployed an upgraded contract that includes a registry to track and prevent reused precommitments. Following the fix, the protocol received a 25 ETH deposit from Vitalik Buterin.

SharpLink Gaming, an affiliate marketing company serving the sports betting and gaming industries, filed a Form S-3 with the SEC to register the right to sell up to $1.0 billion worth of securities. The company has disclosed plans to use proceeds from a recently completed private placement to purchase ETH as a primary treasury reserve asset. The company cited ETH’s benefits, including capital efficiency, long-term appreciation potential, and alignment with digital-native gaming markets.

• EIP-7691 retrospective

• Ethereum upgrade history

• RethMatch tournament for bots

• Base daily average TPS ATH

• Next Billion internships

• Celo Stable Mag #4

• EIP-7951: Precompile for secp256r1

• SEC drops Binance lawsuit

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• SEC statement on protocol staking.

• EIP-7917 is SFI'd for Fusaka.

• Base sustains 1,000 TPS.

• Etherealize announces open roles.

The SEC’s Division of Corporation Finance issued a statement clarifying that certain types of protocol staking on proof-of-stake (PoS) networks do not constitute securities. Protocol staking refers to the process by which users lock up assets to validate transactions and maintain the security of a PoS network, earning rewards in return. The Division concluded that solo staking, self-custodial staking with a third party, and custodial staking are not securities transactions. Such staking participants are not required to register with the SEC. The statement follows prior guidance clarifying proof-of-work mining activities.

Ethereum core developers agreed to include EIP-7917 in the upcoming Fusaka hard fork. The proposal is intended to eliminate the unpredictability in the beacon chain’s proposer schedule by making it deterministic. It aims to simplify the implementation of preconfirmation protocols. It also introduces a new field in the beacon state called proposer_lookahead, which lists validator indexes for upcoming epochs. EIP-7917 will be part of the fusaka-devnet-1 release, which will include seven EIPs. The inclusion makes EIP-7917 the eighth proposal scheduled for inclusion (SFI’d) in the Fusaka upgrade.

Base, Coinbase’s Layer 2 rollup, hit a new milestone in transaction activity, sustaining 1,000 transactions per second during the launch of a new token on the Virtuals Protocol AI platform. According to L2Beat, Base maintained an average throughput of 160 TPS for the day. Growthepie data shows that the network recorded over 1.6 million daily active addresses on May 29. With nearly $15 billion in Total Value Secured, Base now stands as the largest rollup by TVL, active addresses, and throughput.

Etherealize, a business development arm for Ethereum dedicated to connecting institutional investors with the Ethereum ecosystem, is hiring across engineering, legal, marketing, and operations. New team members will get to work with Etherealize co-founder and former Ethereum researcher Danny Ryan. Etherealize is building institutional-grade infrastructure to bring Wall Street onchain, with a focus on compliant, efficient, and programmable tokenized real-world assets.

• ACDC #158 recap

• Erigon raising gas limit to 60m

• EF borrows GHO on Aave

• Justin comments on BTC security

• James Wynn liquidated for 949 BTC

• Binance activates USD services

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• Euler introduces EulerSwap.

• Ithaca launches Porto developer preview.

• Katana unveils its ZK DeFi Rollup.

• ZKsync introduces Prividium.

Euler Labs introduced EulerSwap, an AMM-based DEX that integrates Euler’s lending vaults with Uniswap v4’s hook architecture. It aims to solve capital inefficiencies by depositing LP assets into lending vaults, enabling leverage and additional yield generation. Stable assets can be reused across multiple shared liquidity pools. EulerSwap also features Just-in-Time (JIT) Liquidity, where LPs can borrow output tokens using input tokens as collateral. LPs can implement delta-neutral strategies and hedge impermanent loss. Unlike traditional AMMs, each pool is individually created and controlled by a single LP, offering full customization over AMM curves and pricing.  Euler will host a $50,000 rEUL builder competition.

Ithaca launched a developer preview of Porto, a pre-release of its TypeScript library that simplifies the integration of passwordless authentication, crypto payments, and account recovery into web, mobile, and desktop apps. Porto is live on Base Sepolia and will soon be available across all EVM-compatible chains. Designed with modularity and modern standards in mind, Porto supports EIP-7702, includes an EIP-1193 compatible provider, and integrates seamlessly with tools like Wagmi and Privy. It replaces traditional wallets and extensions with WebAuthn Passkeys and OAuth, making onboarding and transactions seamless. A bug bounty is currently live on Base Mainnet.

Katana unveiled its DeFi-focused, ZK-powered Layer 2 rollup, built with cross-chain interoperability through the Agglayer. By integrating Succinct’s validity proofs, Katana enables fast finality, low-cost proving, and nearly instant secure withdrawals. Katana aims to address idle crypto assets by offering deep liquidity and sustainable high yield for liquidity providers. Katana leverages sequencer fees and protocol-generated revenue to fund liquidity and reward active participation. The network incorporates chain-owned liquidity (CoL), an integration with the Agglayer’s Vaultbridge and vbTokens, and a native AUSD stablecoin. Pre-deposits are currently live, with the public mainnet launch expected in late June.

• Farcaster launches Pro

• ZKsync introduces Prividium

• Ethereum dashboards portal

• yBOLD coming to Yearn

• Wormhole governance goes live

• Onchain Foundation research

• $425m strategic reserve strategy

• Subgraph MCP goes live

• BlackRock to acquire 10% of Circle

• Lens native token support

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.