#2023

NFT royalties on Ethereum hit an eye-popping 699,816 ETH, roughly translating to $1.8 billion. However, data analytics firm Nansen's deep-dive analysis points to an unsettling trend. Despite sustained NFT volumes in 2023, royalties for this year only constitute 9.4% of the total payout, a stark contrast to 2022, which accounted for over 64% of the total ETH paid. The culprit behind this disparity is the downward trend in effective royalty rates, which fell from 2.5% in 2022 to a scant 0.6% by July 2023. Some NFT projects such as Yuga Labs, behind popular initiatives like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), are among the few benefiting, receiving 9.4% of all royalties.

The lawsuit between the U.S Securities and Exchange Commission (SEC) and cryptocurrency exchange Coinbase is moving forward as the date for initial arguments has been confirmed. Coinbase's chief legal officer, Paul Grewal, revealed on Twitter that New York judge Katherine Polk Failla had approved the joint request from both parties to proceed with hearings. Coinbase has until August 4, 2023, to submit its initial brief and additional supporting documents by August 11. The SEC's opposition brief is due on or before October 10, with Coinbase's reply by October 24 or sooner.

The Solana Foundation has released a report emphasizing enhanced performance metrics of its blockchain. These cover a range of aspects, including block time, TPS, and network uptime. Solana experienced only one outage in Q1 2023. Since February 25, the network has been running seamlessly. According to Dune Analytics, Solana can handle around 3780 transactions per second.

Chainflip serves as a decentralized conduit for transferring digital assets amongst any blockchains, thereby circumventing the necessity for wrapped tokens. Registrations are slated to continue up until the 28th of August, 2023.