Week 61 - Ethereum's Purge Progress | Restaking Hits $8B | Vitalik's Vision for Millions | Layer 2's $1T Potential | Solana Rugpull Alerts ⚠️
Hashingbits: Your Weekly Dose of Web3 Innovation and Security
GM! Buidlers
In this edition of Hashing Bits, we highlight Ethereum's growth with insights from Vitalik on the Purge and his call for developers to aim for a wider user base. We also cover Ethereum's restaking achievements and VanEck's optimistic forecast for Layer 2's value, along with updates in Solana, Polygon, and Zeta Chain. We're featuring essential developer tools like LigoLANG v1.5.0 and Remix v0.46.0. Amid these developments, we stress the importance of security with recent rug pulls on Solana, specifically the URF and CONDOM cases, reminding us of the ongoing need for vigilance in the blockchain space.
EtherScope: Core Developments 👨💻
Vitalik on next steps in the Purge
Ethereum restaking protocols’ TVL exceeds $8b
Vitalik Urges Ethereum Developers To Target ‘Millions’ Of Users Post-Dencun read more…
VanEck predicts that the Ethereum Layer 2 ecosystem's valuation could exceed $1T by 2030 due to future cash flows.
Layer 1 ➖
MEV-Boost min-bid provides 7% of censorship resistance: changing to opt-out is a simpler alternative to inclusion lists
Erigon++: Silkworm (C++ block execution, RPC & p2p using evmone) running inside Erigon, enabled by command line flag(s), experimental
EIPs:
EIP7664: Access-Key opcode
EIP7503 (zk wormholes) explainer: mechanism for privacy-preserving transfers
EIP7667: Raise gas costs of hash functions
EIP7669: Linear EVM memory limit
EIP7675: Retroactively included EIPs
Vitalik’s draft EIPs:
ERCs (application layer):
EcoExpansions: Beyond Ethereum 🚀
Solana
Solana’s stablecoin supply surges past $3 billion, USDC leads the charge
Median Solana txn latency approaching 60 seconds read more….
Solana DEX trading volume hits monthly ATH of $60 billion
Polygon
Polygon unpacks zkEVM outage and ‘emergency’ upgrade
Moonveil Building using Polygon CDK to Boost Web3 Gaming Ecosystem.
Zeta Chain
Enhanced ZetaChain Building through Blast API Endpoints
omnichain.zeta domains are live! Secure your universal web3 identity
Algorand
Allo Algorand's Blockchain Explorer Upgrades Proof of Participation Backend
DevToolkit: Essentials & Innovations 🛠️
Remix v0.46.0: defaults Remix VM EVM version to Cancun & Solidity compiler to v0.8.25
BidDog (Solidity): auction managed AMM, AGPL-3.0
Gaslite Drop deploys ERC20 token using Bytecode20 (currently can’t verify on Etherscan)
LigoLANG v1.5.0 Boosts Performance & Enhances Developer Experience for Tezos Blockchain
EthPandaOps Xatu dataset available in Parquet format for mainnet and Sepolia & Holešky testnets
Explore the Depths of Knowledge: Research Papers, Blogs and Tweets🔖
Tweets
mfercoin whitepaper: a peer-to-peer electronic mfer system
Transforming real-world assets into NFTs is revolutionary but brings unique security risks.
Solana Telegram Trading Bot to Shut Down After Users Drained of $523K read more….
Introducing ERC-6900's first cold storage plugin
"Decentralized Github" Radicle 1.0 launches
GitHub Repos
Articles
Research Papers
Watch🎥
Web3 Security Watch 🛡️
Articles
25 Tips for Solidity Code Auditors
Geth DoS vulnerability disclosed, nodes with exposed RPC could be crashed by applying EIPs out of order during an eth_call, fixed in v1.13.13
Blockchain reorgs for Managers and Auditors
Secureum RACE #28: 8 question Solidity quiz & answers
GitHub Repos
Research
Understanding User-Perceived Security Risks and Mitigation Strategies in the Web3 Ecosystem
Blockchain-enabled supervised secure data sharing and delegation scheme in Web3.0
Tweets
Emerging web3 attack vector: Restake Farming
List of eigenlayer Risks
Hacks and Scams 🚨
URF
Loss ~ 2400 SOL
According to on-chain researcher ZachXBT, the meme token team on the Solana blockchain withdrew Solana (SOL) worth about $450,000.
The developers completed the fraud less than 24 hours after URF launched. The team also used the funds raised during the asset’s sale to trade other meme tokens on Solana. The project’s social network activity has been dormant since March 26.
ZachXBT noticed that influencer Bryce Hall supported the project by posting several posts but has since changed and gone silent about the unreliable cryptocurrency.
CONDOM
Loss ~ 4965 SOL
The CONDOM meme coin team on the Solana network collected 4,965 SOL as part of the coin’s presale and deleted its X page.
The funds raised were estimated at $906,000 at the time. Whale Insider reports that the community suspects the CONDOM team of committing a rug pull.
User X, who used the pseudonym Harfordton, called for caution when investing in crypto projects, regardless of popularity. The account had over 50,000 followers on X and was followed by big names.
Avoid rug pulls with QuillCheck's easy token safety checks on multiple chains.
Community Spotlight
