Risc Zero Launches Zeth, an Open Source ZK Block Proofer for Ethereum
August 23, Web3 infrastructure company Risc Zero released Zeth, an open-source ZK block proof verifier based on RISC Zero zkVM for Ethereum. Zeth can prove that a given Ethereum block is valid in just a few minutes without relying on validators or synchronizing committees. Risc Zero said that Zeth can be used to help developers build ZK rollups, zkEVM, light clients, and cross-chain bridges more easily.
GMX Trader Earns Over $1 Million by Shorting and Longing Ethereum During Market Crash: On-Chain Data
According to blockchain tracker Lookonchain, a trader on the decentralized exchange GMX earned over $1 million by correctly predicting Ethereum's price movements over the past few weeks. The trader shorted ETH on July 14th when it was trading near $2,000 and closed the position after the market crash last Thursday.
Ethereum has about $46.97 million on-chain lending and liquidation quota around $1,463
According to DefiLlama data, there is approximately $46.97 million in on-chain loan liquidation volume for Ethereum at around $1,463.
friend.tech’s 24-Hour Agreement Fee Has Surpassed Lido and Ranked Second, Second Only to the Ethereum Mainnet
According to DefiLlama data on August 22, the protocol fee of friend.tech reached 1.68 million US dollars in 24 hours, ranking second only to Ethereum, surpassing Lido and Tron.
Ethereum Layer-2s Gaining Momentum Despite Market Doldrums, Says Analytics Firm IntoTheBlock
According to analytics firm IntoTheBlock, Ethereum layer-2s are thriving despite the bear market. The firm highlights Optimism, Arbitrum, and Base as the hottest layer-2s. Coinbase's Base has been a standout, surpassing Optimism in daily transactions shortly after launching. IntoTheBlock notes that the layer-2 ecosystem has been showing healthy fundamentals throughout the market volatility and is poised to benefit greatly from the implementation of the Dencun upgrade.
Esports Influencers Earn Thousands in Passive Income on New Crypto Platform Friend.tech
Prominent esports influencers, including FaZe Banks, FaZe Rain, and Nadeshot, have earned significant passive income on the new crypto platform Friend.tech. The platform, which operates on the Base network, allows users to trade "keys" of various individuals and grants key buyers access to a dedicated group chat. As keys are bought and sold, the individual whose keys are being traded receives a small percentage of the sale in Ethereum. The platform remains invite-only for now, and it's unclear when it will be opened up to a broader audience.
Data: In the Past 24 Hours, friend.tech’s Protocol Income Exceeded 700,000 US Dollars
According to DefiLlama data, in the past 24 hours, friend.tech has generated nearly $710,000 in protocol revenue, ranking first among DApps, surpassing well-known DeFi protocols such as TRON and Uniswap, and second only to Ethereum and Lido.
Binance Completes the Integration of CAKE on the Ethereum Network and KNC on the Polygon Network
On August 21st, according to an official announcement, Binance has completed the integration of Pancake Swap (CAKE) on the Ethereum (ERC20) network and Kyber Network (KNC) on the Polygon network. Deposits and withdrawals of Pancake Swap (CAKE) and Kyber Network (KNC) tokens are now open on the Ethereum (ERC20) and Polygon networks respectively.
zkSync Era Network TPS Hits a Record High of 13.44
Data released on the official social media of the Ethereum Layer 2 solution zkSync shows that the TPS (transactions per second) of the zkSync Era network has reached a record high of 13.44, surpassing other competing chains such as Ethereum (12.05), Base (7.69), Arbitrum One (7.38), Starknet (5.23), and OP Mainnet (4.43).
HashKey Will Release a Virtual Asset Platform APP for Retail Investors on August 28
According to a report by Trust News, HashKey, a licensed virtual asset platform approved by the Hong Kong Securities and Futures Commission earlier this month, will launch a trading platform application for retail investors on August 28. Livio Weng, CEO of HashKey Group, stated in an interview that initially, retail investors can invest in Bitcoin and Ethereum, and investment in virtual assets will be limited to no more than 30% of total assets.
