#CROWeek: A Weekly Summary of Cronos Ecosystem #1
Key News, Insights, and Project Updates from the Cronos Ecosystem [9/29/2024 - 10/5/2024]
Introduction
Welcome to #CROWeek issue #1, your weekly digest of the latest news, developments, and happenings within the Cronos ecosystem by Build On Cronos.
My name is Daniel (known as Hajedan) and I will guide you through our #CROWeek #1 as a co-founder of Build On Cronos and the Official Ambassador of Cronos Chain. Last week had a lot of things to offer, so let’s not waste any time!
Note: If you are subscribed to our newsletter, we recommend checking out the full article in the app as email can truncate the content (or click “Show full message”) ;)
News
In this section, we provide a chronological overview of the most significant news and events that shaped the past week across the Cronos ecosystem. From project updates to ecosystem developments, these highlights offer a comprehensive look at the key moments that are driving the conversation and influencing the Cronos community.
Let’s dive into what made the headlines this week:
Cr00ts Unveils TheXLabsDNA: A New Era for NFT Customization
@Cr00tsNFT is set to launch #TheXLabsDNA, a swap/marketplace platform that enables holders to customize their NFTs with official traits.
CroVino and Croginal Collaborate for Weekly X Space
@CroVinoWine has partnered with @justdewthedew from @Croginal to host a weekly X Space every Wednesday at 10 PM CST.
Crolon Mars Announces Major Update: Platform Changes Ahead
@CrolonMars has provided a significant update regarding the state of its platform, including a change in the development team and a shift away from @MARSWAP_DEX.
Amply Finance Unveils Tokenomics Ahead of TGE
@amplyfinance released its Tokenomics in preparation for the upcoming Token Generation Event (TGE).
Ballz of Steel: Telegram-Based Plinko Game Now Live
@theballzgame has launched a Telegram-based Plinko game, allowing users to play for free and accumulate points toward an upcoming airdrop.
Wolfswap Launches $WOLF Staking with Revenue Share
Wolfswap has officially launched $WOLF staking, offering users a 6-month lockup period with a 5% revenue share distribution for staked $WOLF tokens.
Cronos zkEVM Upgrade Successfully Completed
The Cronos Chain has successfully completed its zkEVM upgrade containing a 50% decrease in gas fees, and all services are now fully operational.
Cronos zkEVM Rewards for $vETH and $vUSD Now Live
Cronos Chain has officially launched zkEVM rewards for $vETH and $vUSD, its native yield-bearing tokens.
$169,000 Sell on $CAW Causes 28% Price Drop, Rapid Recovery Follows
The $CAW token faced a sharp price drop of nearly 28% in just seconds after a massive sell-off of $169,933.
Cronos Chain Race to Bridge $ETH is LIVE
The ultimate ETH Bridging Leaderboard Showdown is here! Cronos Chain is hosting an exciting race to bridge $ETH from Ethereum mainnet to Cronos zkEVM, with $100,000 in zkCRO prizes.
Ebisu's Bay Unveils LP Token Banking and Yield Farming Quests
Ebisu's Bay has introduced two significant updates to its platform: LP Token Banking and Yield Farming Quests.
Crypto.com Achieves PCI DSS v4.0 Certification: A Milestone in Payment Security
Crypto.com has set a new industry benchmark by upgrading its Payment Card Industry Data Security Standard (PCI DSS) certification from version 3.2.1 to the latest v4.0.
Wolfswap Set to Launch Amplify: The Future of Social-Fi Engagement
Wolfswap is beta testing new product Amplify that rewards users for content creation and activity in the Wolfswap ecosystem
Crypto.com Launches MEME App Campaign with $30,000 BTC Prize Pool
Crypto.com kicked off its MEME App Campaign, offering participants the opportunity to compete for a share of a $30,000 BTC prize pool.
Top Gainers on Cronos EVM
This week has seen impressive moves across the Cronos ecosystem! Let’s take a look at the top performers:
Highest Daily Percentage Gain
Token Name: RCO
Date: 10/3/2024
Percentage Gain: +348%
Highest Daily Volume
Token Name: MOON
Date: 9/29/2024
Volume: $27,238
Data & Analytics
Dive into the latest data on both Cronos EVM and Cronos zkEVM, highlighting key metrics that reflect the ongoing activity within the ecosystem. These figures offer a snapshot of network performance, user engagement, and the evolving landscape of DeFi on Cronos.
Cronos EVM
At the time of writing, Cronos zkEVM has been accommodating the following statistics:
Daily Transactions: Lowest 25,255 | Highest 38,999
Total Addresses: 1,470,784 (+18,224)
TVL: $606.14m (-$24.65m)
Cronos zkEVM
At the time of writing, Cronos zkEVM has been accommodating the following statistics:
Total Transactions: 383,974
Total Addresses: 7,956
TVL: $26.95m (-$2.87m)
Build On Cronos Updates & Guides
Over the past week, we have been generally increasing our content efforts to provide up-to-date news and guides for newcomers or veterans of the Cronos ecosystem:
Last Words
Thank you for joining us in this inaugural issue of #CROWeek!
As we continue to track the pulse of the Cronos ecosystem, I hope you find the insights and updates valuable for staying informed and making better decisions in the fast-paced world of crypto. Remember, this is just the beginning of our journey, and there's a lot more in store for the community.
Your feedback means the world to us, so feel free to reach out with any thoughts or suggestions. Let’s grow and navigate this space together, one week at a time. You can always shoot me a private DM at @CROResearch X account!
Of course, don’t forget to check the Build On Cronos platform and our News Center for the source of your daily DYOR ;)
Stay tuned for next week’s updates, and as always, stay sharp and keep building. See you next Sunday!
— Daniel, co-founder of Build On Cronos