Coinbase launched its own layer-2 solution called "Base," built using Optimism's OP Stack technology. While Base won’t issue its own token, it aims to increase revenue by focusing on sequencer functions. This launch represents a strategic move by Coinbase to engage more users in the crypto ecosystem.

Blur, an NFT marketplace, announced its second airdrop of over 300 million BLUR tokens. The airdrop, focused on rewarding "loyalty," requires users to list high-value and trending NFTs exclusively on Blur, which has helped it gain significant liquidity, surpassing OpenSea’s transaction volumes. However, this influx of liquidity has led to large-scale NFT sell-offs by whales, resulting in floor price drops across prominent NFT collections and liquidation risks for NFTFi projects, such as BendDAO.

MakerDAO, a major player in decentralized finance (DeFi), proposed its "Endgame" plan, which includes using governance tokens (MKR) as collateral to borrow DAI. This proposal has sparked concerns over DeFi’s decentralization, especially after Oasis, a MakerDAO-associated frontend solution, used smart contract vulnerabilities to recover stolen funds following a court order.

Solana faced another major network issue on February 25, halting transactions temporarily. While the network is operational again, repeated outages have raised doubts about its reliability. However, Solana continues to receive support from prominent figures in the crypto space, including positive feedback from Ethereum community leaders.

In a challenging macroeconomic environment, Ethereum remains a bright spot in crypto, with continued ecosystem growth and technological innovation.

Coinbase launched its own layer-2 solution called "Base," built using Optimism's OP Stack technology. While Base won’t issue its own token, it aims to increase revenue by focusing on sequencer functions. This launch represents a strategic move by Coinbase to engage more users in the crypto ecosystem.

Blur, an NFT marketplace, announced its second airdrop of over 300 million BLUR tokens. The airdrop, focused on rewarding "loyalty," requires users to list high-value and trending NFTs exclusively on Blur, which has helped it gain significant liquidity, surpassing OpenSea’s transaction volumes. However, this influx of liquidity has led to large-scale NFT sell-offs by whales, resulting in floor price drops across prominent NFT collections and liquidation risks for NFTFi projects, such as BendDAO.

MakerDAO, a major player in decentralized finance (DeFi), proposed its "Endgame" plan, which includes using governance tokens (MKR) as collateral to borrow DAI. This proposal has sparked concerns over DeFi’s decentralization, especially after Oasis, a MakerDAO-associated frontend solution, used smart contract vulnerabilities to recover stolen funds following a court order.

Solana faced another major network issue on February 25, halting transactions temporarily. While the network is operational again, repeated outages have raised doubts about its reliability. However, Solana continues to receive support from prominent figures in the crypto space, including positive feedback from Ethereum community leaders.

In a challenging macroeconomic environment, Ethereum remains a bright spot in crypto, with continued ecosystem growth and technological innovation.