Golden Web3.0 Daily | Ethereum's second Pectra test has a vulnerability

DeFi data

1. Total market value of DeFi tokens: US$98.908 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$6.953 billion

Source of transaction volume data from decentralized exchanges in the past 24 hours: coingecko

3. Locked assets in DeFi: US$98.908 billion

DeFi project locked assets ranking and locked positions data source: defilama

NFT data

1.NFT total market value: US$20.165 billion

NFT total market value and market value top ten projects data source: Coinmarketcap

224-hour NFT trading volume: US$ 1.787 billion


NFT total market value and market value top ten projects data source: Coinmarketcap

Top NFTs within 3.24 hours

NFTs with the top ten sales gains within 24 hours Source: NFTGO

Headlines

Ethereum 's second "Pectra" test has a vulnerability, and the mainnet release may face delay

Ethereum developers tested the Pectra upgrade on the Sepolia test network. The test seemed successful in the early stage, but a few hours later, the Sepolia network began to have errors, causing empty blocks to be added to the chain. The Ethereum Foundation attributes the issue to "Sepolia's licensed deposit contract misconfiguration," which prevents many execution layer clients from including transactions in blocks. The foundation said the developers “identified the root cause” within minutes and deployed the fix to restore normal functionality of the network. This is the second time that Pectra upgrade has encountered problems in testing. Previous tests on the Holesky test network also failed due to verifier configuration errors. "The issues on the Holesky and Sepolia test networks are indeed worthy of postponing the Pectra mainnet activation," said Christine Kim, vice president of research at Galaxy Digital. She noted that while developers may be ready, the broader Ethereum ecosystem, including major smart contract applications and wallet providers, still needs time to adapt. Kim suggests that Ethereum developers should “take time to build additional testing infrastructure” before releasing the upgrade. Ethereum core developers plan to hold a meeting on March 7 to determine the official release date of Pectra.

MEME hot spots

1. The Trump family’s WLFI project purchased $25 million WBTC, ETH and MOVE tokens

According to Arkham monitoring data, the wallet of World Liberty Fi (WLFI), a project under the Trump family, just transferred US$25 million to a separate contract, which then purchased $10 million worth of ETH, $10 million WBTC and $1.5 million in MOVE tokens. After the purchase is completed, the assets are transferred back to WLFI's main wallet. The move is seen as a signal that the Trump project has further entered the cryptocurrency market, although its specific strategic intentions are unclear.

DeFi hotspots

1.CZ posts to discuss whether AI projects should choose L1 or L2

According to Golden Finance, Binance founder Zhao Changpeng (CZ) posted on social media that he recently discussed whether AI projects should choose L1 or L2 blockchain when communicating with a founder. "Is it L1 or L2 important for a new AI project? The core of this project is not to develop a better blockchain, but to use blockchain to help the AI ​​economy. Having your own L1 feels more sovereignty, more decentralization, etc. But that also means more work. Nodes, validators, etc. You're also kind of like being on your own island. L2 saves you all that work. And it doesn't seem to create too much value leaks to the L1 you are in (like ETH). You can use DEX, perpetual contracts and other existing tools. Is L1 cooler than L2 or the other way around? It's an old topic, but I'm wondering if the sentiment has changed."

2.Safe: The wallet service has been restored and launched on Avalanche, Blast and other networks

According to Golden Finance, Safe announced that its wallet service has been restored to the Avalanche, Blast, Unichain, Sonic, XLayer, Aurora, Celo, Linea and Berachain main networks, as well as Sepolia, BaseSepolia and GnosisChidao test network chains.

3. A small town in India uses Avalanche blockchain to store more than 700,000 land records

According to Cointelegraph, the Dantewada district government of Chhattisgarh state in India has put more than 700,000 land records on Avalanche to ensure transparency, prevent tampering, and simplify the land query process. The project was implemented by Indian blockchain startup LegitDoc in collaboration with the Dantewada District Land Records Office. Archived government records such as land rights, ownership registration, cadastral maps can now be accessed and verified through the blockchain. The government has set up self- service query terminals in various districts, where residents and officials can quickly obtain land information and verify smart contracts through Avalanche Explorer to improve data security and reduce legal disputes.

4. Solana Foundation and Solana Chinese Community Solar will hold a DePIN Day event in Shenzhen on March 8

On March 6, Solana Foundation and Solana Chinese community Solar will hold a DePIN day event in Shenzhen, the hardware capital, on March 8. Solana's newest DePIN projects, Cuddis, Starpower, Geodnet, Roam, Aethir, Gradient and DeGlass, have confirmed their attendance and will display and share on-site.

5.Santiment : Ethereum market sentiment has dropped to its lowest level this year

According to Golden Finance, Santiment posted on X platform, "Sentence has dropped to its lowest level this year due to poor performance of Ethereum relative to other top currencies. For those who are patiently holding Ethereum, the bearish sentiment on social media is a good signal that once the cryptocurrency market stabilizes, there is a possibility of turning around."

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.