What was hot last week?

1️⃣ TVL TON increased 10 times in 3 months, exceeding 360 million USD

The total value locked (TVL) of The Open Network (TON) blockchain has increased more than 10 times since the beginning of March 2024, currently TVL is about ~360 million USD.

2️⃣ Ethereum's Pectra upgrade is expected to be deployed in Q1/2025

During a regular meeting on May 23, Ethereum developers shared many new updates about the preparations for the next major upgrade of the network, called Pectra deploying Pectra in Q1 2025.

Ethereum's developer team also discussed possible upgrades coming to Pectra:

- On the consensus layer side: must improve Ethereum's Data Availability ability with support for PeerDAS (data availability sampling)

- On the execution layer side: replace EIP-3074 with Vitalik Buterin's EIP-7702 proposal, improve account abstraction on Ethereum and limit the risks of EIP-3074, as well as fix EIP-2935.

3️⃣ Figure Market and Pantera won the 3rd round of liquidation of locked SOL lots

After a few weeks of the third auction starting on May 1, 2024, the asset management unit of the FTX exchange has completed the latest liquidation of a total of 41 million Solana (SOL) tokens. lock up.

4️⃣ Uniswap officially voted for the fee sharing proposal for UNI holders on May 31 with the result being an absolute support rate.

This was a proposal from March but was stalled after Uniswap received a warning from the SEC accusing Uniswap of being a security.

5️⃣ FriendTech (FRIEND) last week had a decline after proposing to leave Base

On the evening of May 26, co-founder with the pseudonym Racer of the web3 FriendTech social network publicly announced his intention to leave Base, layer-2 incubated and developed by Coinbase.

6️⃣ Solana has approved proposal SIMD-0096 to share all priority transaction fees with Validator