Over the past few weeks, the NFT ecosystem has been impacted by two major trends that are expected to continue making waves. The first is Bitcoin Ordinals, a new NFT…

Key InsightsVolumes dropped 87% in Q4 as atomic swap volume exploded in Q3 and then was reigned in to be reconfigured in Q4. The debt pool fell to $100 million.The…

Key Insights:The FTX collapse caused a record-breaking volume of BTC to move from centralized exchanges into self-custodial wallets, leading to a decrease in BTC total exchange balance to levels unseen…

Key InsightsHarmony’s Bitcoin Bridge was sunset in Q4 2022, now requiring manual processing. However, they relaunched cross-chain bridging by partnering with LayerZero on October 27, 2022.Through efforts of the Recovery…

Key InsightsAxelar is a decentralized network that acts as an overlay network to deliver secure communication between blockchains.The Axelar project includes consensus-agnostic protocols, a dynamic validator set, and developer tools…

Key InsightsThe Worldwide Asset eXchange (WAX) is a Layer-1 (L1) blockchain built using the open-source Antelope framework (formerly called EOSIO) with additional built-in services providing a more familiar Web2 experience.WAX…

Key InsightsstETH deposits accounted for 36% of the value supplied on Ethereum V2 in Q4, driven by stETH rewards outpacing ETH borrow rates.In 2022, loan repayments outweighed originations by $7.1…