Golden Web3.0 Daily | Celo officially transforms into Ethereum Layer 2 network

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Jinse Finance
03-26
This article is machine translated
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DeFi Data

1. Total market value of DeFi tokens: $97.605 billion

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DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was US$6.463 billion

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Data source for decentralized exchange trading volume in the past 24 hours: coingecko

3. Assets locked in DeFi: $10.18 billion

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The top ten rankings of DeFi projects’ locked assets and locked-in amounts. Data source: defillama

NFT Data

1. Total NFT market value: $20.243 billion

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Data source of NFT total market value and top ten projects by market value: Coinmarketcap

2. 24-hour NFT trading volume: $ 2.099 billion

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Data source of NFT total market value and top ten projects by market value: Coinmarketcap

3. Top NFTs in 24 hours

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Top 10 NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headlines

Celo officially transforms into Ethereum Layer 2 network

Celo officially transformed into an Ethereum Layer 2 network, and the official conversion on the mainnet occurred at around 11 pm EST on Tuesday, with a hard fork at block height 31,056,500. Celo L1 block production stopped at that point, and the network fully transitioned to Layer 2. The project's core developer CLabs first proposed Celo's move from Layer 1 to Layer 2 chain in July 2023. The development of Layer 2 utilizes Optimism's customizable toolkit OP Stack. This means that Celo now runs as an Optimistic rollup.

        MEME Hotspot

        1. Nansen: Smart Money is still optimistic about AI concept Meme coin

        Nansen said on the social platform, "Smart Money still favors AI concept Meme coins. It holds coins such as AIXBT, AI16Z and ARC."

                      DeFi Hotspot

                      1. OpenZK and EigenLayer reach new cooperation to explore new applications of re-staking

                      On March 26, OpenZK is designing a bridge to the EigenLayer re-staking function, allowing users to implement one-click staking, re-staking ETH and other functions on its L2, simplifying the process and maximizing asset utilization. The developer of EigenLayer has forwarded the confirmation on Twitter Build On Eigen. OpenZK expects that the upcoming re-staking product will increase its network access and prepare for large-scale DeFi applications.

                        2. Sui Ecological Liquid Staking Protocol Haedal will conduct TGE in April

                        Sui Ecosystem Liquid Staking Protocol Haedal Protocol tweeted that it will hold TGE in April, and the token name is HAEDAL. In January 2025, Haedal completed its seed round of financing, with Sui Foundation and others participating.

                          3. ETF experts comment on the conclusion of the Ripple case: the approval of the XRP ETF is only a matter of time

                          On March 26, Nate Geraci, president of The ETF Store, said on social media that the end of the Ripple case means that the approval of the spot XRP ETF is obviously only a matter of time. It is expected that BlackRock, Fidelity, etc. will all participate. XRP is currently the third largest non-stablecoin crypto asset by market value. The largest ETF issuer will not ignore this. Earlier news, Ripple agreed to give up the cross-appeal, and the US SEC will retain $50 million of the $125 million fine.

                          4. Curve founder is suspected of selling 1 million CRV again, cashing out $515,000

                          According to Spot On Chain, Curve Finance founder Michael Egorov appears to be selling CRV tokens again. Data shows that 18 hours ago, Egorov transferred 1.997 million CRV tokens to the wallet address "0x5a8", worth about $1.03 million. Subsequently, the wallet sold 1 million CRV at an average price of $0.515 and received 515,058 USDC. The wallet currently still holds 997,000 CRV tokens, worth about $514,000.

                          5. ZKsync: v26 upgrade will be carried out, during which Elastic Network deposits and withdrawals will not be completed

                          The ZKsync development account posted that as part of the v26 upgrade, ZKsync funds will be transferred from the old bridge to the new gateway contract. This upgrade is expected to take place on March 27 or March 31 (the specific date and time will be updated later). In addition, during the upgrade, deposits and withdrawals on Elastic Network will not be completed for up to 3 hours.

                              Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.

                              Sector:
                              Smart Contracts
                              Zero Knowledge Proofs
                              Layer 1
                              Source
                              Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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