Welcome to our weekly cryptocurrency tech development roundup. This issue features a response from Hyperliquid to criticisms of its decentralization, as well as updates on Solana's Firedancer, StarkWare's appchains, and Arbitrum's deal with Lotte Group. Hyperliquid, a prominent player in decentralized finance, has faced criticism for its allegedly centralized network and closed-source codebase. The company has responded to these concerns, stating that they stem from misconceptions about its technology.
Meanwhile, Solana is pushing forward with its next-generation blockchain client, Firedancer, which promises to significantly increase transaction speed. StarkWare is introducing appchains to its layer-2 blockchain on Ethereum, allowing developers to build customized blockchains for specific use cases.
Arbitrum is deepening its ties with Lotte Group, a South Korean conglomerate, to provide blockchain infrastructure for its metaverse gaming platform. Other notable developments include Avalanche's highly anticipated upgrade, the tentative scheduling of Do Kwon's criminal fraud trial, and Pyth Network's partnership with Revolut to provide digital banking data to decentralized finance. Additionally, AI-crypto tokens are struggling to meet their 2024 goals, and regulatory updates are expected in the coming weeks.