Weekly Market intelligence report

• Staked ETH Passes 16M: Almost four months after successfully transitioning to a proof of stake network, Ethereum has reached another major milestone. According to Etherscan data, more than 16 million ether (ETH) have been deposited into Ethereum’s Beacon Chain staking contract. At current prices, the 16 million ETH figure represents more than 13.28% of the total ether supply and is worth nearly $22.38 billion. It comes nearly two years after Ethereum’s staking contract went live in 2020 with the introduction of the network’s proof of stake Beacon Chain.
• Cardano smart contract on Python: Despite occasional setbacks in the cryptocurrency market, the Cardano (ADA) development team remains unconcerned and focused on technological innovation, with smart contracts written in the Python programming language being one of the most recent developments revealed. The first Cardano smart contract written in Eopsin , an innovative Pythonic programming language, has been compiled and deployed on the pre production testnet , according to the ImperatorLang developer team on Twitter on January 10.
• AWS and Ava Labs Collaborate on Offer Scalable Blockchain Solutions: Ava Labs will also join AWS Activate as part of the partnership, extending AWS credit benefits to Avalanche ecosystem builders. Amazon Web Services (AWS) and Ava Labs have joined forces to accelerate blockchain adoption by businesses, institutions, and governments. Notably, Ava Labs is developing Avalanche, a layer 1 blockchain, and AWS supports its infrastructure, dApp ecosystem, and one click node deployment through the AWS Marketplace. The collaboration aims to make it easier for individuals to launch and manage Avalanche nodes. At the same time, the collaboration will strengthen and expand the network’s flexibility for developers.
• 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.
  • Moment um Safe MSafe: Aptos based multisig wallet.
  • The EasyCompany: Focusing on building a consumer layer for the decentralized web.
  • Quasar Finance: Quasar Finance aims to enable users to create vaults and enable strategies that can deploy assets across multiple blockchains.
  • Open Forest: A carbon neutral blockchain based technology ensures all data is truthful and transparent.
  • Alkimiya: Alkimiya aims to provide hedging solutions for blockspace producers such as miners and staking validators.

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