The Ronin gaming network, associated with Axie Infinity, announced a migration to Ethereum Layer-2 scheduled for April 2026. The update will reduce RON token inflation from over 20% to less than 1% and introduce automated developer rewards, aiming to enhance network stability and sustainability. This move reflects ongoing efforts to improve the Ronin ecosystem's economic model.
This week, the Crypto Long & Short Newsletter highlights concerns over Ethereum's Layer 2 strategy, which is facing challenges due to a fundamental design flaw. Jennifer Rosenthal emphasizes the importance of protecting DeFi infrastructure builders, while Alexis Sirkia discusses the ongoing issues impacting Ethereum’s scalability efforts. The article underscores the need for better support and innovation in the DeFi ecosystem.
Fundstrat founder Tom Lee’s Bitmine Immersion Technologies staked an additional 61,232 ETH worth $142 million, increasing its total staked ETH to 3.39 million, valued at $7.88 billion. This latest stake highlights Bitmine’s significant position in Ethereum, which now accounts for 4.12% of the total staked ETH. The total staked ETH across the network remains at $7.88 billion.
Gensyn launched Delphi, an AI-settled market platform on Ethereum Layer 2, backed by a16z Crypto. Market creators earn 1.5% of volume in USDC if successful, with a 0.5% protocol fee used to buy and burn AI tokens. The platform uses fixed AI models and reproducible execution for decentralized info markets.
Base launched the Azul upgrade on April 22, 2026, significantly enhancing its network performance. The upgrade introduces multiproofs, reduces empty blocks by 99%, and increases transaction throughput to 5,000 TPS. It also improves network reliability and decentralization, aligning with Ethereum Osaka specifications. Coinbase’s Layer 2 network aims for faster withdrawals and greater scalability with this upgrade.
Coinbase-incubated Ethereum Layer 2 network Base launched its Azul testnet upgrade on April 22, 2026, featuring multiproofs to enhance decentralization. The upgrade aims to advance Base toward Stage 2 decentralization, marking a significant step in its development. This move underscores Base’s focus on improving security and scalability within its ecosystem.
Tether minted 2 billion USDT on the Ethereum network over three days, significantly increasing its supply. The issuance, executed from its treasury address, brings Tether’s total USDT supply close to $190 billion. This large minting highlights ongoing stablecoin market growth and Tether’s active management of its USDT supply on Ethereum.
