Weekly Recap: Arbitrum Users, Lightning Network & More

BlockworksMay 19, 2023 ⋅ 8 min read

The crypto sphere remains a hotbed of activity, characterized by rapid innovation, vibrant market dynamics, and robust growth. Recent noteworthy events include a new solution for issuing and transferring fungible and non-fungible assets on Bitcoin using the Lightning Network, the elimination of Ethereum's staking withdrawal backlog, and Dialect crossing the milestone of 1 million sticker mints, thanks to Solana's NFT compression technology. This week’s top events included:

Continued user retention observed on Arbitrum perps following the airdrop
Fungible and non-fungible asset support introduced on the Lightning Network via Taproot Assets
Ethereum staking withdrawal queue clears while Lido enables unstaking
Dialect surpasses 1 million sticker mints
Tokemak announces a dynamic yield aggregator for LPs and a novel liquidity marketplace
Controversy ignites over product update from hardware wallet manufacturer, Ledger

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Outline

Arbitrum Perps Still Retaining Users Following Airdrop
Taproot Assets: Bringing Multi-Asset Support to the Lightning Network
New Highs for Staked ETH
Dialect Surpasses 1 Million Sticker Mints
Tokemak Announces Autopilot and a New Liquidity Marketplace
Ledger Product Update Sparks Controversy

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