Decentralised Application

Phantom Wallet faced another "Uptime Incident," heightening concerns about Solana's network reliability. The services went offline just six minutes after the GRASS token airdrop claim began, limiting user access and recalling past outages.

Jesse Pollak, creator of Base, will lead Coinbase Wallet and join the executive team. Experts believe his role could help solve the user experience issues that have slowed cryptocurrency adoption.

RDX Works, the team behind Radix DeFi, has cut its workforce by 15% to reduce costs. CEO Piers Ridyard explained that this move is part of a broader strategy to refocus and strengthen the platform's future.

Sony BSL launched the "Soneium Minato" public testnet for Ethereum Layer-2 developers and introduced the "Soneium Spark" incubation programme for Web3 developers, creating a comprehensive ecosystem for innovation on the platform.

Last year, Sony announced it would launch a network with Startale. With this tech giant, known for significant projects like Playstation entering Web3, it is observed that it will undoubtedly lead other tech companies and introduce millions of daily active users to blockchain.

Corn, a Bitcoin yield-generating network on Ethereum's L2 using Bitcoin as a gas token, launches with $6.7M in seed funding from Polychain Capital, Binance Labs, and other top investors, amidst a retroactive airdrop commencement.

Portal to Bitcoin, a key player in Bitcoin DeFi, announced launch of BitScaler, a technology set to revolutionise Bitcoin's scalability without core upgrades or new opcodes. With the testnet launch imminent, could Portal to Bitcoin be on the verge of transforming the crypto industry?

Reddio, a top parallel zkEVM Layer 2, has closed its seed funding round and is progressing with A-round financing to speed up its Layer 2 deployment. It has also integrated World ID from the Worldcoin network into its points system.

In just over two weeks since its launch, the NOWChain Testnet has surpassed 340,000 transactions. With its Proof of Mobile (PoM) consensus, NOWChain aims to transform blockchain security by leveraging the collective power of mobile devices.

Dill, a modular data availability network aligned with the Danksharding roadmap, has been selected for Binance Labs Incubation Programme Season 7 and has also closed its pre-seed and founders funding round led by Find Satoshi Ventures. This highlights the growing importance of data availability infrastructure.