StuTek Monthly Report For April
Welcome to the latest StuTek Update! We are thrilled to share some exciting news regarding industry trends and some developmental updates from our clients. Keep reading to learn more about these updates and more.
Industry trends
- Pepe Meme Token
Based on data from blockchain platform Arkham, a crypto trader operating under the name dimethyltryptamine.eth bought trillions of the meme coin PEPE on UniSwap for $263 three weeks ago and still has around $9 million worth of PEPE, despite having sold several million dollars worth. The rapid rise of PEPE, which was launched only a few weeks ago, is making huge profits for those who have ignored warnings that it is a passing trend that will eventually collapse.
PEPE is based on the popular “pepe the frog” meme and has surpassed $1 billion in market capitalization, according to recent reports. At one point, the coin was worth more than Arbitrum’s ARB, which is one of the most sought-after newly issued tokens of 2023, as reported by CoinGecko.
- Ethereum Layer 2 Network zkSync Era
The Ethereum Layer 2 network, zkSync Era, has attracted over $245 million in locked value since its launch three weeks ago. Data from L2Beat shows that over 70,000 ETH, $81 million in USDC, and $8 million in MUTE tokens have been locked on zkSync Era. The locked value is distributed among several projects based on zkSync Era, with Syncswap leading in total value locked (TVL) at over $64 million.
Users can earn up to 80% in annualized rewards by providing liquidity or executing trades on these platforms. The network has processed over 7 million transactions since launch and can handle 3.5 transactions per second. The scaling system is based on zero-knowledge proofs, known as ZK-rollups.
- ChatGPT will now let you turn off chat history
OpenAI, a Meta-owned company, has introduced a new update to ChatGPT that enables users to disable their chat history and choose which conversations OpenAI can use to train its models. If chat history is disabled, OpenAI will not save or use earlier conversations to improve its models. The new feature is available to all users in ChatGPT’s settings. OpenAI is developing a ChatGPT Business subscription that follows its API’s data usage policies for professionals who require greater data control. Additionally, ChatGPT will have an export option in its settings to enable users to easily export their data.
Updates from StuTek
We are excited to have contributed to some fantastic projects, and as such, we would like to provide a short update highlighting some of the accomplishments from April.
- Chain Wallet project ( https://www.chain.com/wallet )
StuTek has updated and improved the user interface and user experience, making it easier and more convenient for users to access and use the wallet. Additionally, the integration of WalletConnect V2 has been successfully completed, enabling users to connect their wallets to various decentralized applications.
Another significant accomplishment is the optimization of UTXO management, which includes fully integrating UTXO chains such as DogeCoin, BitcoinCash, and Litecoin. This integration has streamlined the wallet’s functionality and improved its overall performance.
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The notification system has also been improved, making it easier for users to receive updates and notifications related to their transactions.
Furthermore, the Chain Wallet project has added new DeFi protocols and third-party integrations, such as Aave V2 and ChangeNow API. The project has also created a new page for trending NFTs, providing users with the latest information and trends in the NFT market.
2. Strike Finance Project (https://strike.org/)
In addition to the Chain Wallet project, StuTek has also made significant achievements in Strike Finance project. The company has added a new borrow cap feature to asset markets, giving users more control over their borrowing limits. Additionally, there have been UI improvements and bug fixes, ensuring a smoother user experience.
Lastly, StuTek has proposed the implementation of borrow caps to the Strike governance, ensuring that the project is in compliance with industry regulations and standards. These achievements demonstrate StuTek’s commitment to providing its users with the best possible experience and its dedication to staying at the forefront of innovation in the blockchain industry.
About StuTek
At StuTek, we constantly monitor technology trends that we believe will significantly impact our society, the environment, industries, and customers. Our high-class services aid both start-ups and established businesses in building efficient, transparent, and cost-effective digital platforms. As a trustworthy IT software partner, we serve enterprises worldwide.
We are committed to staying ahead of the curve, and this involves monitoring the technological landscape for any changes or developments that may have significant implications for our client’s business.
