Blockchain security firm CertiK’s account on X was compromised due to an employee’s interaction with a scammer. This incident occurred just two days after CertiK published a report warning the DeFi sector about the need to decrease the correlation between the money deposited into it and the total amount lost in hacks and scams. The compromised account disseminated a message to CertiK’s 343,000 followers, claiming a vulnerability in the decentralised exchange Uniswap’s router contract and linking to a phishing site.
Meanwhile, L2Beat provides a dashboard that tracks the decentralisation of each Ethereum layer 2. Among general-purpose layer 2s, Arbitrum is the furthest along, but it has yet to make validation permissionless. Arbitrum, the largest layer 2 by total value locked, surpassed the Ethereum mainnet in decentralised exchange transaction volume. However, most layer 2s are still not as decentralised as they aim to be, which could be a concern for more sophisticated investors.
DeFi users are increasingly using layer 2 blockchains, pushing several metrics to new highs. The combined total value locked of all layer 2s reached a new all-time high of over $20 billion. Even smaller layer 2s like Metis are benefitting from the excitement surrounding Ethereum’s scaling options. However, users must trust that transactions are verified correctly by a centralised entity, usually the company building the layer 2, instead of through a decentralised consensus like the Ethereum mainnet.
On another note, Celestia stakers had a great start to 2024 as two projects promised them airdrops of valuable tokens. These projects rely on the Celestia blockchain for their transaction validation, and those who stake their Celestia tokens are pivotal to that. More projects building on Celestia, such as Berachain, Monad, and Kinto, are set to launch later this year.
Lastly, Celsius’ move to unstake its Ether holdings has clogged the validator exit queue. Several analysts, including Kaiko’s Riyad Carey, have pointed out that such a situation could put liquidity for Lido’s stETH token in a potentially perilous position.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Tim Craig, Riyad Carey, Gwart |
| Companies | Aave, Celsius, Metis, Celestia, Kinto, Monad, L2Beat, Ethereum, Arbitrum, Kaiko, Berachain, PayPal, CertiK, Uniswap |
| Currencies | Lido Staked Ether, Ethereum, Celestia, PayPal USD |
| Securities | None |
