🌟 Hey there, Web3 enthusiasts! 🌟

Welcome back to another electrifying episode of Web3 Weekly Pulse! We're super excited to have you with us as we journey into the mesmerizing realm of Web3 magic! 🚀

Hold on tight for a whirlwind of the coolest trends, mind-blowing infrastructure updates, and a galaxy of awesome events happening in this vibrant ecosystem! 🌌😍

Whether you're chilling with your favorite beverage or snuggled up in your cozy corner, get ready for an adventure-packed ride because we're diving right in! 🎉🚀

1️⃣ Polygon Labs has entered into a strategic collaboration with SK Telecom, a leading mobile carrier in Korea. This partnership aims to cultivate and nurture a robust web3 ecosystem, while simultaneously focusing on the identification and support of promising startups deserving of incubation. This venture underscores the concerted effort to foster innovation and growth within the Web3 space, reflecting the ongoing evolution of the blockchain landscape.

Polygon Labs and Korean mobile giant SK Telecom forge web3 partnership
Polygon Labs and leading Korean mobile carrier SK Telecom partner to develop a web3 ecosystem and discover startups.

2️⃣ Leading crypto security firm, Ledger, has unveiled a significant integration that enables customers in the United States to purchase prominent cryptocurrencies such as bitcoin, ether, and litecoin through their PayPal accounts. This strategic move represents a notable development in the cryptocurrency ecosystem, as it provides a convenient avenue for U.S. customers to access and invest in digital assets through a widely used online payment platform like PayPal. This integration reflects the growing synergy between the blockchain and fintech sectors, addressing the evolving needs of users in the realm of digital finance.

Ledger launches PayPal integration for buying bitcoin and ether
Ledger and PayPal team up for payment integration designed to streamline U.S. customers purchasing cryptocurrency.

3️⃣ Immutable, a prominent Web3 gaming platform, has embarked on the public testing phase of its Immutable zkEVM, in partnership with Polygon Labs. This strategic collaboration aims to provide game developers with a powerful toolset that offers several advantages. Notably, Immutable's zkEVM is poised to significantly reduce development costs for game creators. Moreover, it will leverage the robust security and established network effects inherent to the Ethereum ecosystem. This move showcases the ongoing efforts within the Web3 gaming space to optimize game development processes, enhance security measures, and capitalize on the strengths of blockchain technology.

Immutable zkEVM begins testnet phase with 12 Web3 games in development
Immutable previously released games for Ethereum, before launching its Immutable X network in 2021

1️⃣ In a notable development, Base, a recently launched cross-chain bridge, has swiftly surpassed the widely recognized Ethereum Layer 2 networks, namely Arbitrum and Optimism, in terms of its average daily transaction count. This achievement occurred just one week after the platform's public launch. This accomplishment underscores the growing significance of Base as a cross-chain solution and highlights its ability to attract a substantial number of daily transactions within a short span. This shift in transaction volume distribution showcases the dynamic nature of the Layer 2 landscape within the Ethereum ecosystem and reflects the competitive potential of new entrants such as Base.

Ethereum Layer 2 Base daily transactions pass Optimism and Arbitrum
Coinbase’s Ethereum Layer 2 network Base flipped Arbitrum and Optimism this week by average daily transaction count.

2️⃣ Shiba Inu launched its Shibarium mainnet on August 16, following extensive testing with millions of users and the creation of 21 million wallets. Serving as an Ethereum layer-2 scaling solution, Shibarium aims to enhance scalability and efficiency. Shibarium's unique proof-of-participation (PoP) consensus mechanism selects validators based on their cryptocurrency holdings. This approach aligns authority with investment, aiming to achieve a fairer distribution of decision-making power.

Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet
Users must lock 10,000 BONE tokens in the Shibarium network in order to become validators, while 21 million BONE will be reserved as a reward for validators and delegators inside the ecosystem.

3️⃣ Consensys, a prominent web3 software technology company, has officially concluded the public launch of its Layer 2 blockchain solution, Linea. This achievement comes subsequent to the Linea mainnet's activation during the EthCC event in Paris. Within the initial month of Linea's mainnet initiation, the L2 blockchain exhibited remarkable on-chain engagement, recording more than 2.7 million transactions and bridging tokens worth $26 million. This rapid adoption positions Linea as the fastest-growing zkEVM (zero-knowledge rollup with Ethereum Virtual Machine compatibility), indicating its potential to address scalability challenges within the blockchain ecosystem.

Linea Completes its Alpha Mainnet Launch
The milestone follows the onboarding of over 150 partners, attracting over $26m Eth in TVL in its first month—making Linea the fastest-growing zkEVM.


Ethereum’s EIP4788 (beacon block root in EVM) contract to be deployed with a regular transaction. - link

BNB Chain

BNB Chain shared its latest Projects from 11th August to 18th August. - link


Optimism will be participating in Base’s Onchain Summer. - link


Arbitrum compiled a thread on the latest proposals on Arbitrum DAO - link


Aptos entered a strategic partnership with Intella X, a Web3 Gaming platform. - link


Sui reached a new milestone with 600K+ daily active accounts. - link

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