Research Summary
The report covers a range of updates in the blockchain and cryptocurrency space, including Ethereum’s Pectra upgrade, Solana’s Firedancer upgrade, zkSync’s token generation event, LayerZero’s sybil bounty applications, StarkWare’s zkEVM for Starknet, Uniswap’s fee conversion, Swell’s upcoming TGE, Bitlayer’s Mining Gala event, Telegram’s new currency ‘Stars’, and Binance’s second project Lista.
Key Takeaways
Ethereum and Solana Upgrades
- Ethereum’s Pectra Upgrade: Ethereum is planning a Pectra upgrade for Q1 2025, which includes EOF, PeerDAS, EIP-7702, among other proposals. The upgrade is still under discussion, with potential changes including the postponement of Verkle to the Osaka hard fork.
- Solana’s Firedancer Upgrade: Solana plans to release the full version of the Firedancer upgrade in 2025, aiming to enhance its overall reliability and scalability as network activity for decentralized infrastructure protocols continues to grow.
Token Generation Events and Airdrops
- ZkSync’s Token Generation Event: ZkSync plans to conduct its Token Generation Event (TGE) this week, with the token issuance, including airdrops, occurring within 30 days post-TGE. The total supply of the token will be 21 billion.
- Swell’s Upcoming TGE: The liquid staking protocol Swell is making final preparations for its TGE, including auditing the rswETH withdrawal process to ensure an orderly redemption. The exact date of the TGE remains undetermined but is expected to occur in the coming weeks.
LayerZero’s Sybil Bounty Applications
- LayerZero’s Sybil Bounty Applications: LayerZero will reopen the sybil bounty report submissions on Commonwealth on May 28 at 8:00 UTC+8, and it will last for 48 hours. All bounty hunters must deposit 0.5 ETH to submit their reports.
StarkWare’s zkEVM for Starknet
- StarkWare’s zkEVM for Starknet: StarkWare, the primary developer behind Starknet, has announced the launch of a new zero-knowledge rollup (zkEVM) named Kakarot, compatible with the existing Ethereum infrastructure. The introduction of zkEVM will allow developers to use Solidity, the commonly used programming language for Ethereum smart contracts.
Binance’s Second Project Lista
- Binance’s Second Project Lista: Binance Megadrop is launching the second-phase project Lista (LISTA). Lista (LISTA) operates as a liquidity staking and decentralized stablecoin protocol. Binance plans to list LISTA after the completion of Megadrop, with specific details regarding the listing to be announced separately.
Actionable Insights
- Monitor Ethereum and Solana Upgrades: Investors and developers should keep an eye on the developments and final scope of Ethereum’s Pectra upgrade and Solana’s Firedancer upgrade, as these could have significant implications for the respective networks.
- Track ZkSync and Swell’s TGEs: Investors should track the progress of ZkSync and Swell’s upcoming TGEs, as these events could potentially impact the value and distribution of these tokens.
- Consider LayerZero’s Sybil Bounty Applications: Bounty hunters interested in blockchain security should consider participating in LayerZero’s sybil bounty applications, keeping in mind the required 0.5 ETH deposit.
- Explore StarkWare’s zkEVM for Starknet: Developers working with Ethereum smart contracts should explore StarkWare’s new zkEVM for Starknet, which could offer new opportunities for creating custom application chains.
- Assess Binance’s Second Project Lista: Investors should assess the potential of Binance’s second project Lista, particularly its role as a liquidity staking and decentralized stablecoin protocol.
