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The recent report by blockchain analysts Flipside unveils a comprehensive view of the fluctuating crypto world in 2023, marked by significant user growth and evolving trends. According to the report , 2023 witnessed a peak in acquired user volume in May, recording over 8.8 million accounts active across multiple chains. This synchronized growth trajectory across most chains suggests that broader market sentiments continue to steer crypto adoption. A significant observation is the activity of super users, defined as wallets with over 100 transactions. These users predominantly engaged in DeFi-related transactions rather than NFTs. However, a trend reversal is evident on L1 networks like Ethereum (ETH), where selling NFTs was more common, indicating a shift of NFT investments to more cost-effective L2 networks. Users acquired by chain and month | Source: Flipside Flipside also reported that 2023 marked the rise of new DEXs and NFT marketplaces, but user activity remained conc...

Decentralized exchange (DEX) LeetSwap, operating on Coinbase’s Base network, has temporarily halted trading due to concerns over a potential exploit .  According to an Aug. 1 tweet from LeetSwap, the exchange detected suspicious activity in some of its liquidity pools and decided to pause trading immediately to conduct an investigation. The DEX is currently collaborating with renowned on-chain security experts to recover the locked liquidity. As our DEX is forked from Solidly, our factory had a security pause function. We noticed that some pool liquidity might have been compromised and we temporarily stopped the trading to investigate. — LeetSwap (@LeetSwap) August 1, 2023 While LeetSwap did not share specific details, blockchain analysts have shed some light on how the exploit might have occurred. According to Igor Igamberdiev, the head of research at algorithmic market maker Wintermute, the attacker likely utilized an exposed smart contract function to manip...