🗓️ State of Ethereum Q1 2024. Ethereum had a strong start to 2024. On the financial side, EigenLayer continues to be the most important narrative as it continues to grow in TVL. On the network side, Dencun was Ethereum's most impactful upgrade yet. It immediately delivered on its promise, reducing rollup fees by more than a factor of 10 and improving the user experience.
🗓️ Metis Q1 2024 Brief. Following an explosive increase in market cap at the end of 2023, Metis continued to succeed in Q1 2024, as demonstrated by several key performance indicators. The network's active addresses and transactions increased by 250% and 260% QoQ, respectively, revenue surged by 1,100%, and DeFi TVL grew by 37% to $100 million.
🗓️ State of TRON Q1 2024. Over the past year, TRON's success has boiled down to consistent quarter-over-quarter growth in key areas and metrics. For the second straight quarter, TRON's revenue in USD hit an all-time high ($128.1 million), a testament to the success of TRON's network. Because of TRON's revenues, TRX is one of the few deflationary network tokens in crypto, as seen in its market cap increasing QoQ over the past year.
[Messari Governance] [Aave DAO] aAMPL Second Distribution. This proposal aims to distribute 758,000 in stablecoins from the Aave Collector to allow full withdrawals by aAMPL suppliers to Aave v2 Ethereum. The proposal explains that this proposal is a follow up to a previous governance vote that executed an initial and interim distribution of 300,000 USDC to facilitate partial withdrawals by aAMPL suppliers on Aave V2 Ethereum following a detected issue in late 2023.
[Messari Key Developments] [Solana] Solana Foundation Delegation Strategy. The Solana Foundation shared updates to its Foundation Delegation Program aimed at enhancing the support and performance of the Solana network's validator community. The updated Delegation Program includes direct support initiatives such as covering operational costs for new validators, matching stake delegations for high-performing nodes, and distributing funds to community-run stake pools to lessen reliance on centralized delegation strategies.
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