Daily Digest 9/17

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Written By Guest User

Insight on the biggest news and charts that provide context for whats going on in the market today.

200 smart contracts on Cardano... but there’s a catchCardano app Vercel shows that the total number of smart contracts on Cardano rn is about 2,200; however, developers are locked out of using them until they are officially released.Charles Hoskinson says that this launch puts DeFi up for grabs in the “second wave” for DeFi.The most notable projects leveraging Cardano smart contracts is Singularity net which is building a decentralized AI market place and Cardax which is Cardanos first decentralized exchange.SushiSwap’s Token Launchpad Hacked for Over $3M in EthereumUniswaps biggest competitor, Sushi Swap, was just hacked for 864 million ETH or $3 million.John Delong, Sushi Swap CTO, says that it was a “supply chain attack” where the hacker inserted malicious code to the network which replaced the main wallet with his own.MISO is a smart contract platform where you can launch projects on Sushi Swap. The application that was attacked was NFT auction based and the hacker made his address the one that would receive any funds sent to the auction.SushiSwap has reached out to FTX and Binance to get the hackers KYC information.Ripple Is Looking to Build a Market-Making Platform for XRPEven while still battling an almost year long case with the SEC XRP is still trying to expand its services not only in the US but in New York.They want to bring on at least 10 people to fill a team that will fill divisions in London, Singapore, and NY. They are looking to build their own market making platform or exchange.This is promising news for XRP in the fact that they probably would not be trying to set up shop in the US if things were not looking good for them in the SEC case.

200 smart contracts on Cardano... but there’s a catch

  • Cardano app Vercel shows that the total number of smart contracts on Cardano rn is about 2,200; however, developers are locked out of using them until they are officially released.

  • Charles Hoskinson says that this launch puts DeFi up for grabs in the “second wave” for DeFi.

  • The most notable projects leveraging Cardano smart contracts is Singularity net which is building a decentralized AI market place and Cardax which is Cardanos first decentralized exchange.

SushiSwap’s Token Launchpad Hacked for Over $3M in Ethereum

  • Uniswaps biggest competitor, Sushi Swap, was just hacked for 864 million ETH or $3 million.

  • John Delong, Sushi Swap CTO, says that it was a “supply chain attack” where the hacker inserted malicious code to the network which replaced the main wallet with his own.

  • MISO is a smart contract platform where you can launch projects on Sushi Swap. The application that was attacked was NFT auction based and the hacker made his address the one that would receive any funds sent to the auction.

  • SushiSwap has reached out to FTX and Binance to get the hackers KYC information.

Ripple Is Looking to Build a Market-Making Platform for XRP

  • Even while still battling an almost year long case with the SEC XRP is still trying to expand its services not only in the US but in New York.

  • They want to bring on at least 10 people to fill a team that will fill divisions in London, Singapore, and NY. They are looking to build their own market making platform or exchange.

  • This is promising news for XRP in the fact that they probably would not be trying to set up shop in the US if things were not looking good for them in the SEC case.

Not much noise has been coming up about Chainlink recently but that's not necessarily a bad thing. Every major smart contract ecosystem ( ETH, DOT, AVAX) leverages Links oracle in some way for their on-chain data. LINK is like an offensive lineman in football: if you don't hear his name he's probably having a good game. Volume, price, and active addresses are following a slight up trend and may lead to more from LINK soon.

  • Not much noise has been coming up about Chainlink recently but that's not necessarily a bad thing. Every major smart contract ecosystem ( ETH, DOT, AVAX) leverages Links oracle in some way for their on-chain data. LINK is like an offensive lineman in football: if you don't hear his name he's probably having a good game. Volume, price, and active addresses are following a slight up trend and may lead to more from LINK soon.

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