Technology

Stripe announced its $1.1 billion acquisition of Bridge on October 21, 2024, representing the largest cryptocurrency infrastructure acquisition in years.

MakerDAO rebranded to Sky Protocol on August 27, 2024, upgrading its DAI stablecoin to USDS as part of the co-founder's 'Endgame' strategic plan.

Coinbase's Base layer 2 network ran the 'Onchain Summer' campaign throughout summer 2024, driving total value locked to over $7 billion and daily transactions exceeding Ethereum mainnet volumes.

Combined total value locked in Ethereum Layer 2 networks crossed $20 billion in mid-2024, driven by fee reductions from the Dencun upgrade and rapid Base growth.

Aave Labs proposed Aave V4, a protocol overhaul featuring a unified liquidity layer connecting all markets and advanced risk management mechanisms, targeting 2025 deployment.

Dutch court sentenced Alexey Pertsev to 64 months in prison on May 14, 2024, for money laundering related to operating the Tornado Cash cryptocurrency mixer.

The Runes fungible token protocol launched on Bitcoin at block 840,000 on April 20, 2024, the same block as the network's fourth halving.

Wormhole launched its W governance token via airdrop on April 3, 2024, following a previous funding round that valued the cross-chain messaging protocol at $2.5 billion.

Telegram integrated a TON-based cryptocurrency wallet directly into its messenger application in early 2024, driving Toncoin's value from approximately $2 to over $8 by mid-year.

The Ethereum Dencun upgrade activated on March 13 2024, introducing EIP-4844 proto-danksharding and reducing Layer 2 transaction costs by 10-100x.

The Bitcoin Lightning Network's total capacity surpassed 5,000 BTC in early 2024, representing approximately $225 million in locked liquidity across over 15,000 active nodes.

Bitcoin Ordinals inscriptions surpassed 60 million by the end of 2023, generating over $200 million in cumulative fees while reigniting debate within the Bitcoin developer community over block space allocation.

NFT trading volumes on Ethereum fell to approximately $70 million monthly by September 2023, down 95% from the $3.5 billion peak reached in January 2022.

Polygon migrated from the MATIC token to the POL governance token on September 4, 2023, completing a major rebranding initiative under the new Polygon Labs organizational structure.

Coinbase launched Base Layer 2 on August 9, 2023, an Optimism-based network that achieved $400 million in total value locked within weeks.

PayPal launched its USD stablecoin (PYUSD) on August 7, 2023, marking the first major traditional finance firm to issue its own token on public blockchains.

A reentrancy vulnerability in the Vyper compiler drained approximately $70 million from multiple Curve Finance pools on July 30, 2023.

Worldcoin launched on July 24, 2023, distributing WLD tokens to users who scanned their irises at Orb devices, aiming to create digital identity infrastructure and universal basic income distribution.

Cross-chain bridge Multichain halted operations on July 7, 2023, after $126 million in abnormal asset movements left user funds inaccessible across the network.

JPMorgan rebranded its blockchain division to Kinexys and expanded JPM Coin usage, processing over $1 billion daily in institutional transactions.