CoW AMM Goes Live On Base
Anyone can deploy pools on Base using the CoW AMM pool creator.
The CoW AMM goes live on Base.
Vote to deploy Arbitrum BoLD on mainnet.
Core devs name the Gloas CL upgrade.
Boost launches Boost V2.
Listen on: Apple | Spotify | Castbox | YouTube
CoW Protocol deployed its MEV-Capturing CoW AMM on Base, protecting liquidity providers from losses due to MEV attacks such as Loss Versus Rebalancing (LVR). LVR is the largest source of MEV, even bigger than frontrunning and sandwich attacks combined. Anyone can deploy pools on Base using the CoW AMM pool creator. The CoW AMM uses batch auctions to auction the right to rebalance the pool at the correct market price, with the amount paid by the winning solver being distributed to the pool's liquidity providers. It ensures that the total value of a pool’s reserves remains balanced. CoW AMM is optimal for pools that trade between non-stable token pairs.
A proposal by the Arbitrum DAO to transition Arbitrum One and Arbitrum Nova to the Arbitrum Bounded Liquidity Delay (BoLD) dispute resolution protocol is now open for voting. BoLD introduces faster and more reliable dispute resolutions, fixed delays for assertion confirmations, enhanced censorship resistance, and improved security. The upgrade will enable interactive fraud proofs and allow permissionless validation on Arbitrum One. The milestone will also secure green status for Arbitrum's State Validation slice on L2Beat’s Risk Rosette framework, signaling progress toward achieving Stage 2 rollup status. Voting for the proposal ends on January 23, 2025.
Ethereum core developers have chosen "Gloas" as the name for the consensus layer upgrade after Fulu. For Ethereum upgrade names, execution layer upgrades are named after Ethereum event host cities, while consensus layer upgrades are named after stars. A version of the two names is then combined for coupled upgrades. Currently, core developers are focused on finalizing devnets for Pecta before moving on to testnet forks. The subsequent upgrade, Fusaka, which combines Fulu and Osaka, is planned after Pecta. EIP-7773 is the Meta EIP assigned for the Gloas/Amsterdam upgrade outlining EIPs for inclusion and the overall fork scope.
Boost, a token incentive distribution platform, has launched Boost V2, introducing features like dynamic rewards, pegged incentives, and budget accounts. The update also extends functionality, allowing users to incentivize nearly any action on any smart contract by specifying a contract address, function, or event signature. With dynamic rewards, creators can offer larger incentives to their most active users. Pegged incentives tie reward amounts to fixed USD or ETH values, reducing exposure to token price volatility.
ElizaOS goes live on Arbitrum
25% of validators signal gas increase
Introduction to Chain Abstraction
Silo deploys on Sonic
L2Beat changes TVL to TVS
OP S7 election voting goes live
Coinbase subpoenaed by CFTC
Phala Launches OP Succinct L2
Phala Network provides cryptographic computing and Trusted Execution Environment (TEE) services tailored for smart contract developers.
Phala launches its OP Succinct L2.
Derive unveils an AI-powered terminal.
Revolut becomes a Pyth data publisher.
Aave celebrates five years.
Listen on: Apple | Spotify | Castbox | YouTube
Phala Network launched its OP Succinct L2 network on Ethereum using Conduit’s Rollup-as-a-Service platform. Coined Phala 2.0, the network combines optimistic and ZK rollup properties, with Ethereum serving as its settlement and data availability layer. OP Succinct enables sub-cent transaction fees, fast finality, and reduced proving times. It also minimizes the seven-day withdrawal delay to just minutes. Phala Network provides cryptographic computing and Trusted Execution Environment (TEE) services tailored for smart contract developers. By handling all hardware-related complexities, Phala allows developers to focus on deploying AI-ready infrastructure and AI agents.
Derive, formerly known as Lyra Finance, unveiled Derive Pro, an AI-powered trading terminal designed to enhance the crypto trading experience. Developed in collaboration with Messari, the platform integrates an AI copilot to simplify trading for users. Derive Pro leverages Messari's inference API to provide real-time news updates. The terminal features custom AI models capable of translating market views into executable trades, offering tailored strategies for spot, perpetuals, and options trading. It also supports single-click, gasless transactions through smart accounts, and added support for L2 networks. Derive Pro is set to launch in Q1 2025.
Revolut, a global digital banking provider, partnered with Pyth Network as a data publisher. Leveraging Pyth's oracle technology, Revolut will share its proprietary price data, expanding its presence into the decentralized finance ecosystem. Pyth Network, which powers DeFi applications with reliable off-chain price feeds, receives data from participants like exchanges and market makers.
The Aave lending protocol celebrated its fifth anniversary today. First launched on January 8, 2020, Aave played a pivotal role in kickstarting DeFi Summer and has since become the largest DeFi protocol with over $34 billion in TVL across 11 networks, 13 markets, and a user base of 2.3 million. Aave is working toward Aave V4, expected to go live later this year.
ACDC #148 agenda
Vitalik on eth core dev prioritization
Consensus to focus on EOF/PeerDAS
Arbitrum Nitro v3.3.2 release
Unichain testnet activates fault proofs
TLX to SNX migration is live
$655m liquidated 24 hours
XMPT network-level consent
Uniswap FND impact report
Moby private key incident
iden3's Poseidon hash fn is broken
Judge Halts SEC Lawsuit Against Coinbase
The decision allows Coinbase to appeal a critical legal ruling while temporarily pausing further proceedings in the SEC's lawsuit against Coinbase.
Judge pauses SEC vs Coinbase lawsuit.
LaChain joins the Elastic Chain Network.
Coinbase Wallet bank-to-USDC transfers.
DEX volume hits 20% marketshare over CEXs.
Listen on: Apple | Spotify | Castbox | YouTube
U.S. District Court Judge Katherine Polk Failla granted Coinbase's request for certification of an interlocutory appeal in its lawsuit with the SEC. The decision allows Coinbase to appeal a critical legal ruling while temporarily pausing further proceedings in the case. Judge Failla acknowledged the conflicting rulings regarding the SEC's application of securities laws to crypto-assets. The Second Circuit Court of Appeals will now review whether the crypto-assets at the center of the case meet the definition of "investment contracts" under securities law. The SEC filed the lawsuit in June 2023, alleging that Coinbase operated as an unregistered securities exchange, broker, and clearing agency.
LaChain, a blockchain designed to meet the needs of Latin American users, has joined ZKsync’s Elastic Chain Network. The upgrade to ZK Stack was driven by the network’s speed, low transaction costs, and developer tools. LaChain is developed by Ripio, a crypto payments platform in LATAM with over 19 million users. By joining the Elastic Chain Network, LaChain becomes part of a growing ecosystem alongside 12 other chains, including Zero Network, Lens Network, and Abstract. The integration enables LaChain projects to seamlessly connect and interact with other blockchains within the Elastic Network, fostering interoperability.
Coinbase Wallet, Coinbase's non-custodial wallet, introduced support for receiving bank deposits directly into USDC on Base. In November 2024, Coinbase Wallet rolled out support for USDC rewards for USDC held on its non-custodial wallet across Base, Ethereum, Arbitrum, Avalanche, Polygon, and Optimism. Coinbase Wallet also offers zero-fee USDC transfers on Base. USDC is the second-largest stablecoin by market cap and the largest natively minted asset on Base.
For the first time, the total spot trading volume on decentralized exchanges has reached an all-time high in market share of 20% of spot trading volume compared to centralized exchanges. Uniswap leads the DEX market, capturing 12.2% of the total trading volume in the last 24hrs.
Balancer v3 Priority Fee Router
Illuvium partners with Virtuals