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Picture, if you will, young Solana and Ethereum L2s, fresh and hopeful, streaking ahead with newfound capacity—only to be greeted by a horde of bots. Not unlike a poetry club overrun by philosophy students, the “MEV searchers” perform frenzied spam auctions, filling blockchains with the earnest yet ill-fated searches for profit. The result? Scaling dreams dissolving with the grace of yesterday’s snow in April.

The charts—how predictable their lines, their studied silences!—unfurled a week of modest pulse and quiet resolve. Bitcoin, ever the sphinx, drifted slowly between the corridor of muted hope and dogged skepticism, its traders doomed to swing between optimism and a motherly fretfulness, checking the window for better sunshine.

The BNB Chain itself—restless as a Moscow market—has teemed with transaction swarms, swelling from eight to seventeen million with the indifference of a bureaucrat stamping passports. DeFiLlama (ever the bearer of grim news) confirms this escalation.

Gossip courtesy of Lookonchain: This dapper digital plutocrat, already lounging atop past profits exceeding $30 million, lumbered back into the fray and snapped up 30,000 ETH during a rather uninspiring dip. Since June 11, they’ve hurled about 295 million USDC at Ethereum, holding 115,465 ETH at an average soirée price of $2,555 per token. All terribly glamorous—except, alas, with ETH now pirouetting at $2,444.91 (down 4.14% in 24 hours), our whale is currently $15 million underwater. That’s almost enough to make a crypto baron order the cheap champagne. 🥂

2021’s focus for this event revolves mainly around the debut of a Know Your Customer (KYC) synchronization function, rejuvenated interaction within our ecosystem, and heightened anticipation regarding Mainnet transition.

This year, we’re excited to unveil a new KYC matching tool, strengthen ties with our community, and look forward to the next step in moving to Mainnet.