Daily Crypto NewsEDITION #611, 14 October 2022

F@ck bear market, we’re building

Hey Moni Maker 📉

Today is World Egg Day. Whether you're a vegan who doesn't eat animal food or a little egg and bacon lover...think about the fact that you're also a kind of egg. But... no one is going to eat you or hatch you. So what will you do with your egg? Let them eat you or become a powerful chicken? Oh..sorry. We drank too much yesterday. 

Let's go! 

Pst! Do you hear that?... These loud and nasty sounds?... Eh, who is that? Bears are screaming bout how life is challenging without x’s? Ok. Btw, you don’t need to join them. Why?

There is a company called Alchemy. Well, it's a platform for devs. And so - yesterday, guys released a report, which should be called not "Web3 Developer Report (Q3 2022)" but "Everything will be fine with crypto". Here are the main theses from there: 

- About 36% of the total number of smart contracts deployed is in 2022 

- Smart contract deployments are up 14% since Ethereum moved to PoS

- The total number of smart contract deployments increased by 40%

- Developers are more willing to download Ethers.js and Web3.js libraries to create projects. Three times more eager than in 2021. Total: over 1.5 million downloads per week

Long story short, nobody cares about bears but they build. 

Bear market - is the time when the crypto market is in stagnation or even falls. Antonym - bull market (or bull run).

And more you can find in our Glossary!

– The hacker who hacked Mango Markets has offered to leave him $70 million as a reward for the hack

– Axie Infinity's regular player count is down 75% from its peak

– Crypto market experiences volatility due to US inflation data

– Move-2-earn project STEPN fires 100 employees due to players leaving

    ⚽️: Telegram and Twitter! And do not forget to download the Moni App :)