The Protocol: It's Crypto Spring, as Smart Contract Platform Index Jumps Most in 10 Months
Digital asset markets, particularly blockchain tokens, are experiencing substantial growth, with a 19% increase in the CoinDesk Smart Contract Platforms Index in November, its highest gain in 10 months. There is increased competition among Ethereum layer-2 blockchain networks, with the latest player being Blast. Additionally, BanklessDAO sparked controversy through its "education" proposal involving a request for $1.8 million in ARB tokens to fund an education initiative. This caused a backlash on social media and required damage control by Bankless HQ. In other news, Wormhole raised $225 million and Bitcoin introduced "mempool sniping". Regarding blockchain tech developments, BNB Chain plans to increase transaction speed and decrease network fees, and Chainlink announced the upgrade of its staking mechanism. Bitcoin has seen an 11% increase in November, its third consecutive monthly gain.
