Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
This past week in DeFi saw Web3 users reach a new all-time high of 10 million in the second quarter, and Consensys has integrated Wallet Guard to boost MetaMask’s security. The integration will involve the Wallet Guard team joining the MetaMask Product Safety Team to ensure a smooth transition.
Web3 users reached an all-time high of 10 million in Q2: DappRadar
According to a July 4 report from blockchain analytics platform DappRadar, the number of users using Web3 applications reached a record high in the second quarter. The number of daily unique active wallets (dUAW) was approximately 10 million over the course of the quarter, a 40% increase from the first quarter and the highest number ever reached.
According to the report, “[e]ach sector of the DApp [decentralized application] industry has experienced notable growth, contributing to an overall bullish trajectory.”
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Consensys acquires Wallet Guard to enhance MetaMask security
Consensys announced it has acquired Wallet Guard, a security tool for protecting digital assets and data from theft, scams and fraud. The acquisition aims to integrate Wallet Guard’s advanced security features into MetaMask to improve user protection within Web3.
With Wallet Guard’s background in transaction validation and client-side heuristics, MetaMask users can expect improved security capabilities such as scam and drainer detection.
The integration will involve the Wallet Guard team joining Consensys within the MetaMask Product Safety Team to ensure a smooth transition.
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Vitalik Buterin opts for faster Ethereum, EIP-7732 gives hope
Ethereum developers have introduced a new Ethereum improvement proposal, EIP-7732, which aims to overhaul the block validation process and speed up the blockchain.
The proposal introduces significant changes to block validation, separating…
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