Coinbase reported a 22% increase in Q1 revenue, a 32% increase in profits to $240 million, $205 million above estimates, of which $199 million came from USDC. In addition, Coinbase also informed its shareholders that the company is "fully prepared" to face the SEC.
Alibaba Cloud builds Metaverse Launchpad on Avalanche. In particular, Avalanche will provide technology to build the metaverse space, Alibaba Cloud will provide computation and storage. Last month, Alibaba Cloud partnered with Mysten Labs to provide node services for validators on SUI's testnet.
SushiSwap deploys V3 - concentrated liquidity pools on 13 chains. Additionally, Sushiswap is also introducing Tines, a smart order placement system, to provide users with the cheapest swaps with maximum capital efficiency.
Optimism said it will use Ethereum Attestation Service (EAS), to promote a fairer community voting and OP token distribution system on Optimism. EAS is an on-chain verification protocol that allows users to evaluate the trustworthiness of the platform and prove whether something actually happened on-chain.
The average transaction fee on the Bitcoin blockchain has increased to above $7, the highest since July 2021. The reason is due to the sudden increase in BRC-20 tokens and Ordinals projects.
