Weekly Market intelligence report

• Cracks in the Binance Empire: Post the FTX fiasco, Binance is now an unchallenged Exchange in the global market and is now under the microscope of many. And there might be cracks appearing in this mighty empire.
• Layer 2 Ethereum Networks Flip L1 In TPS: Layer 2 activity is increasing and has already surpassed Layer 1 Ethereum in some metrics, such as transactions per second. Layer 2 networks have higher aggregate transactions per second (TPS) than Ethereum. This, however, does not imply overall activity on those networks. On December 20, there were 992,470 transactions on Ethereum, according to Etherscan
• Ice Phishing Scam and How to Avoid: Certik, a leading security focused ranking platform for blockchain protocols and DeFi projects, claims that ice phishing is a type of scam that only exists in Web3 and poses a “significant threat” to the crypto community. They have warned the crypto community to be on the lookout for “ice phishing” scams, which are unique phishing scams targeting Web3 users that were first identified by Microsoft earlier this year.
• Venture Capital Deals: The blockchain domain is heating up, with new venture capital deals popping up left and right. Here’s a look at some of the most recent deals in the space, including investments in blockchain startups working on everything from payments to data management.
  • Evertas:The world’s first cryptoasset insurance company.
  • Nillion: A web3 startup aiming to build a non blockchain decentralized network. While blockchains decentralize finance, Nillion aims to decentralize everything else and the rest of data.
  • Dogami: A web3 game that enables players to adopt and raise virtual dogs.
  • Virtualness: A mobile first platform designed to help creators and brands navigate the complex world of Web3.
  • Sooho.io: A provider of decentralized finance ( DeFi ) services.

For more extensive and comprehensive information on this topic, please read our full report that has been put together by our blockchain consultant. To receive the most up-to-date and researched blockchain news, subscribe to our newsletter to have the reports delivered straight to your inbox every week. Also, be sure to check our Blockchain knowledge base which is updated daily.