Post #92

📰#WeeklyRecap: 1️⃣ Kwenta's Rise: In a significant shift in the #DeFi landscape, Kwenta surpassed GMX for volume, marking a paradigm change in the perpetuals space. Key factors include lowered trading fees and the introduction of a rewarding incentives program. 2️⃣ Bitcoin Inscriptions Slowdown: After peaking at a daily volume of 400,000, Bitcoin Inscriptions saw a 73% drop within weeks. Ordinal marketplace volumes followed a similar trajectory, reflecting the typical boom-bust cycle of crypto meme coins. 3️⃣ Apple Embraces Crypto: In a notable policy change, Apple now allows STEPN to integrate Apple Pay, eliminating the need for separate crypto wallets. This move simplifies the user experience and bridges traditional web2 with emerging web3 technologies. 4️⃣ Vitalik's Security Insights: Vitalik Buterin clarified that protocols should not rely on Ethereum validators for fund recovery in case of bugs or exploits, discouraged asset-wrapping bridges due to potential risk, and advocated validiums over sidechains. 5️⃣ Cosmos' Security Model Evolution: After initial pushback, the Cosmos community voted for "Replicated Security." Alongside this, two additional shared security models – Opt-in Security and Mesh Security – are being developed. These steps address security concerns, streamline protocol operations, and bolster inter-chain relationships.