Sector Highlights: Ethereum's Pectra Arrives, Layer 1s Gain Traction, and Ecosystems Expand
The digital asset space has seen a flurry of major updates this week. Ethereum notably deployed its Pectra upgrade on Wednesday, marking the network's largest protocol enhancement since the 2022 Merge. Layer 1 solutions continue to capture attention: Flare Network, an EVM-compatible blockchain, saw its Total Value Locked (TVL) surge impressively by over 160% to US$120 million in the past fortnight, spurred by the recent launch of USDT0. Further highlighting Layer 1 advancements, the privacy-focused Tari Network successfully launched its mainnet on Tuesday, now allowing users to mine XTM tokens using standard consumer hardware.
On the market and security front, the $PNUT token made a notable move, climbing to $0.3301 with a 57.53% gain, following a strong breakout above key resistance levels; technical indicators like Change of Character (CHOCH) and Break of Structure (BOS) have reinforced bullish sentiment. In a crucial security development, the Solana Foundation announced that validators had coordinated a network update, swiftly patching a zero-day vulnerability that could have permitted attackers to mint certain tokens without limit, thereby bolstering network integrity.
Ecosystems are also fostering user engagement through new initiatives. For instance, one prominent trading platform bingx is running a recurring "Happy Friday" campaign with a substantial prize pool, where new participants can secure guaranteed token rewards by completing introductory tasks such as initial deposits, first trades, or referrals. Existing users on the platform are also encouraged to trade spot to participate in ongoing airdrop opportunities. Separately, Telegram's founder, Du Rove, unveiled a new marketplace on the messaging app, enabling users to instantly buy or sell unique NFT collectible gifts based on the TON blockchain.
