?Week in Review: July 3rd Aave proposes to launch a USD-pegged stablecoin called GHO A new proposal was posted on the Aave governance forums for GHO, a native decentralized stablecoin pegged to the US dollar & backed by collateral deposited on Aave (aTokens). Aave is trying to enter into the massive $150 billion stablecoin market by leveraging its existing money market protocol, which is currently deployed on almost all major chains.  Additionally, over $6 billion in available deposited liquidity on Aave can be used as collateral to issue GHO.  Aave’s massive advantage here is th ..read more

Howdy family! Welcome to Poly Pulse - your guide to staying up-to-date on the latest trends in the Polygon DeFi ecosystem. This newsletter breaks down top stories, developments, updates, and trends from the fourth week of June 2022. Subscribe now This week Polygon saw a massive surge in the weekly active users (WAU) with week-on-week growth of 35%, and the user count almost touched a million. 1inch (21k, +72%) recorded the maximum growth among DeFi projects in terms of  the active users on-chain. The primary reason for this surge is  the support from Coinbase for both deposits and w ..read more

Howdy family! Welcome to Poly Pulse - your guide to staying up-to-date on the latest trends in the Polygon DeFi ecosystem. This newsletter breaks down top stories, developments, updates, and trends from the second week of June 2022. Subscribe now The decline in the Weekly Active Users finally came to a standstill. As compared to the first week of June 2022, there was a very small decline from 761k users to 756k users. The major reason behind this has been the user base of Terra  joining the Polygon ecosystem after the crash of the LUNA ecosystem. Image via: Polygon Blog Quickswap still r ..read more

By now, you’ve probably heard about Three Arrows Capital insolvency rumors, right? These rumors have been going around for a time now, and I personally believe that their liquidation might be done already, or almost done. If you’re a retail investor, my tip for you is: stay calm. Take this time to do a proper risk management analysis on your portfolio and, specially, risk management related to leverage (longs or shorts!). Don’t try to hit tops or bottoms, stay away from traders if this is not your 24/7 job. But….buuuut….if you work for a DAO, a want a minute from your attention for this upda ..read more

Howdy family! Welcome to Poly Pulse - your guide to staying up-to-date on the latest trends in the Polygon DeFi ecosystem. This newsletter breaks down top stories, developments, updates, and trends from the first week of June 2022. Subscribe now The decline in the Daily Active Users continued as compared to the last week of May 2022, as we get deeper into the crypto winters. The Weekly Average Users also fell from 869K to 761K this week. One of the biggest indicators of a crypto winter is low engagements on the chain. It is also an indicator to keep your head down and keep building the amazin ..read more

Long ETH, short Vitalik’s microphone Today is a great day for the Ethereum community: in preparation for the Ethereum merge happening later this year, the merge was activated in the Ropsten test network. It means that we’re one step closer to activating the PoS consensus layer on mainnet! yaaay!  In a live stream that happened in the EthStaker youtube channel, Vitalik and many representatives of client softwares talked about the next steps and what to expect from the process (and some music jam worth checking). After the call, Tim Beiko highlighted the future of each testnet: Tim Beiko ..read more

Howdy family! Welcome to Poly Pulse - your guide to staying up-to-date on the latest trends in the Polygon DeFi ecosystem. This newsletter breaks down top stories, developments, updates, and trends from the last week of May 2022. Subscribe now During the last week of May 2022, the bear market effects seem to be kicking in. The daily active users took a dig from 307K in the fourth week of May 2022, to 282K users in the last week of May 2022. The transaction per day also fell from 3.64 Million to 2.82 Million per day.  Quickswap remained the top dApp of the month with around 60K users and ..read more

Hey fam! Before we dig into numbers and stats today, let’s start with good vibes and news, shall we? The Optimism airdrop went finally live! Yes I know, I know, there were many problems around it specially regarding traffic and going live before announced (really people? Haven’t degens and bot devs proved their selves enough? Anyway, back to positive ?‍♀️ ) Ethereum is scaling, and it’s time to test, build, discuss and come up with solutions! I believe Optimism team is just starting, and here are some interesting key points: polynya @epolynya While the Optimism totally botched this airdrop, i ..read more

Howdy family! Welcome to Poly Pulse - your guide to staying up-to-date on the latest trends in the Polygon DeFi ecosystem. This newsletter breaks down top stories, developments, updates, and trends from the fourth week of May 2022. Subscribe now During the fourth week of May 2022, there was a huge growth in the revenue per day for the validators to $223K as compared to $61K in the third week of May 2022. This sudden spike was due to the drastic rise in the volume of transactions and the average transaction fees per transaction (which also saw a rise during the week from $0.018 to $0.058).&nbs ..read more

 ? Bear market or crab market? - DeFi TVL haven’t change much of the $56B from past week. Source: defipulse.com The market is still slowly recovering confidence after the UST implode drama, but crypto “ponziers” don’t give us a break. If this is your first tough times in crypto, I should warn you that you’ll need to doge from “kwonzis” and scams like Neo. So stay safe. polynya ? @epolynya So a top alt-L1 Dear Leader is brazenly shilling an obvious kwonzi less than a fortnight after the biggest one imploded? Is there anything as morally bankrupt as the crypto industry? May 24th 2022 12 ..read more