#ecosystem

Victor Ji, co-founder of Manta Network, has described the Polkadot ecosystem as toxic, accusing the team of inefficiency and a lack of genuine decentralization. He asserted that Polkadot adds no real value to Web3.

The popular metaverse project The Sandbox has announced its acquisition of several meme coins, including PEPE, SHIB, DOGE, and BONK. This move is aimed at bolstering the Web3 ecosystem and fostering a culture of creativity, essential elements in any metaverse.

Europol has executed an international operation to expose and dismantle an ecosystem distributing malware droppers—specialized tools for secretly installing malicious software on victims' computers.

A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem.

The Celo Foundation, the entity behind the L1 blockchain Celo, has successfully launched the Dango L2 testnet. Developed on the OP stack, Dango is now part of the Optimism Superchain ecosystem, which includes other projects like Base and Zora. The deployment of this L2 blockchain is a key component of the community's plan for migration to Ethereum.

HectorDAO has filed for Chapter 15 bankruptcy in the U.S. Interpath Advisory, a firm specializing in insolvency cases, has pinpointed three primary causes for this outcome: the collapse of the Terra ecosystem, a breach in the Multichain protocol, and a subsequent theft from HectorDAO's treasury.

The Ethereum ecosystem, including its L2 and L3 blockchains, has set a new record for transactions per second at 245 TPS. A significant portion of this achievement, nearly 50% or 101 TPS, was contributed by the relatively new gaming-focused L3 blockchain, Xai, even though its total value locked (TVL) is less than $2 million.

Neel Somani, CEO and founder of the L2 blockchain Eclipse, has temporarily reduced his public involvement in the project amidst numerous allegations of sexual harassment. He believes this step will help protect the project's reputation and minimize damage to other members of the ecosystem.