ChainCatcher news, Messari released the LayerZero Q2 2024 status report, LayerZero added support for 12 networks, facilitating the transfer of $5 billion in crypto assets, with the average transaction value increasing by 78% to over $400. The Ethereum network's transaction volume grew by 26% month-over-month, reaching $913 million, mainly due to the Dencun upgrade that reduced gas fees and the introduction of full-chain re-staking. On June 20, LayerZero airdropped ZRO tokens to 1.28 million eligible wallets, employing anti-witch attack measures and a "proof of donation" mechanism. In the second quarter, the number of full-chain applications (OApp) contract deployments supported by LayerZero exceeded 50,000, covering various fields such as gaming, DeFi, and AI. LayerZero currently supports secure communication across over 80 networks, providing interoperability solutions for full-chain applications.

ChainCatcher news, according to the 13-F filing submitted to the SEC by Bank of America for the second quarter, as of June 30, it holds IBIT worth $2.8 million, an increase of 31%; and FBTC worth $1.5 million, an increase of 21%.

ChainCatcher news, according to Cointelegraph, Ripple released its Q2 XRP market report showing that on-chain transaction activity on the XRP Ledger (XRPL) decreased by 65.6% quarter-over-quarter, totaling approximately 86.38 million transactions, compared to 251.39 million transactions in Q1 2024. While transaction activity decreased, the cost per transaction surged by 168% to 0.00394 XRP per transaction. Ripple explained that this cost increases with the network load to protect the P2P network from spam. The number of new wallets was 100,746, a decrease of 45.8% quarter-over-quarter.

ChainCatcher news, Messari released the Pyth Network Q2 status report. The report shows:Q2 demand-side activity grew by 17%, with Pyth publishing 246 million oracle update pulls across 70 blockchains.Pyth transitioned to a pull oracle model on Solana in Q2.Since its launch at the end of Q1, Pyth Entropy has processed 265,000 requests, generating $19,000 in revenue in Q2.The Pyth protocol added support for 45 new price feeds, expanded to 14 new blockchains, and was integrated by 51 new applications.The Q2 data provider network grew by 7%, reaching 107.Launched Express Relay, an off-chain priority auction network to eliminate harmful MEV affecting DeFi protocols and participants.Pyth oracle was selected by Gauntlet to provide security for its yield vault in the Morpho DeFi lending protocol.

ChainCatcher news, Messari released the Polygon Q2 2024 report, with the following key points:Daily active addresses reached 1.2 million (a month-on-month increase of 47.6%), with an average daily transaction volume of 4.1 million (a month-on-month increase of 3.9%).Gaming continues to maintain its leading position from Q1 2024.The average transaction fee on Polygon PoS dropped to $0.01, a month-on-month decrease of 41.1%. EIP-4844 was implemented on the Polygon PoS mainnet in Q1 2024.Polygon Labs integrated a zkVM SP1 built on Plonky3 to generate pessimistic proofs for AggLayer, ensuring the security of cross-chain asset transfers.Launched a $1 billion Community Grant Program (CGP) to support developers and projects in the Polygon ecosystem. Over the next decade, the CGP will distribute 100 million POL tokens annually.Announced a partnership with Aragon to develop the Polygon Governance Hub as a step towards decentralization. This will be a full-stack governance solution focusing on the two main pillars of Polygon governance: protocol governance and system smart contract governance.

ChainCatcher news, according to the cryptocurrency industry report released by CoinGecko for Q2 2024, the total cryptocurrency market capitalization fell by 14.4% in the second quarter, settling at $2.43 trillion.Key highlights of the report include: Bitcoin miner hash rate decreased by 18.8%, marking the first quarterly decline since Q2 2022; Meme Coins, artificial intelligence, and real-world assets (RWA) emerged as the hottest categories, accounting for 77.5% of network traffic; Ethereum supply increased by 120,818 ETH; centralized exchange spot trading volume decreased by 12.2%, while decentralized exchange spot trading volume increased by 15.7%.

ChainCatcher news, Ripple released the XRP Market Report for the second quarter of 2023, highlighting the significance and clarifications regarding the SEC vs. Ripple Labs case.In addition, Ripple disclosed that as of June 30, 2023, the total amount of XRP held by Ripple is 5.55 billion, and the total amount of XRP held in escrow is 41.9 billion. Among them, the XRP locked in escrow will be unlocked monthly over the next 42 months, and Ripple will not have access to it before unlocking.

ChainCatcher news, Messari released the Q2 2023 report for the decentralized indexing protocol The Graph, which shows:First, as of Q2 2023, The Graph's hosted service has released 1,082 subgraphs to the mainnet, a 39% increase compared to the previous quarter.Second, the ongoing migration of The Graph protocol smart contracts to Arbitrum's L2 aims to provide The Graph's users with a seamless and low gas fee decentralized data experience.Third, in Q2 2023, The Graph's demand-side revenue in USD decreased by 48% quarter-over-quarter, due to the optimization of DApp query volumes and a general reduction in governance activities and decentralized infrastructure usage.Fourth, in Q2 2023, indexing reward revenue increased by 3% quarter-over-quarter, exceeding $9 million; of the total indexing rewards distributed in the second quarter, delegators received 64%.Fifth, following the MIPs incentive program, The Graph's active indexers decreased by 29% quarter-over-quarter, while delegators and curators grew by 2% and 3%, respectively.

ChainCatcher news, BNB Chain released its Q2 report, which indicates that even during the bear market, there has been significant growth in open-source smart contracts across various blockchains. Among them, BNB Chain's open-source contracts account for 46.5% of the market share, highlighting BNB Chain's dominance and the high trust developers and users have in its infrastructure.Additionally, Ethereum ranks second with a 34% market share. Polygon, Fantom, Avalanche, Arbitrum, and Optimism rank 3rd to 7th respectively.

According to ChainCatcher news, CoinGecko has released its Q2 2023 cryptocurrency industry report, which shows that the top 10 DEX spot trading volume in Q2 was $155 billion, a decrease of 30.8% compared to the first quarter. Uniswap remains in the lead with a trading volume share of up to 70% in May. Additionally, although Curve launched the crvUSD stablecoin in May, its trading volume did not show significant growth, and as of June, its market share was only 11%.Currently, the ranking of the top 10 DEXs in Q2 and their trading volume shares is as follows:Uniswap - 65%Curve - 11%PancakeSwap - 9%Dodo - 7%Balancer - 2%Quickswap - 2%Jupiter - 2%THORChain - 1%Sushi - 1%Trader Joe - 0.3% (source link)

ChainCatcher news, Tokeninsight released the 2023 Q2 exchange quarterly report on July 13. The top four exchanges by trading volume are Binance, OKX, Bybit, and Bitget, with these four accounting for over 85% of the total market share. The largest increases were seen in OKX and Bitget, which grew by 1.9% and 1.8%, respectively.In the Q2 spot trading data, OKX and Coinbase saw a slight increase in their spot trading share, while Bitget's market share significantly increased. At the beginning of 2023, Bitget held a 2% market share, which has doubled to 6% in Q2.Derivatives trading data shows that Binance remains in first place, followed by OKX in second, with Bybit and Bitget in third and fourth place, respectively. (Source link)

ChainCatcher news, the NEAR Foundation released the Q2 2023 transparency report. As of the end of Q2 2023, the total treasury of the NEAR Foundation amounted to $900 million, which includes $349 million in legal reserves, 315 million NEAR (approximately $435 million at a closing price of $1.38), and $90 million in loans and investments. In Q2 2023, the NEAR Foundation's treasury decreased by $200 million, primarily due to the drop in NEAR's price from $1.99 to $1.38.Additionally, the report mentioned that as of the end of Q2, NEAR had 1.1 million monthly active accounts; due to the overall market downturn, external financing for NEAR projects "remains a challenge." (source link)