In the past week, Decentralized Finance (DeFi)Decentralized autonomous organizations ruled the ecosystem and fund launches were launched to promote the Web3 community’s growth. The overall number of DAOs increased eight times, while a $100 million DeFi Fund was launched.

Vitalik Buterin has recently highlighted Optimism as a layer-2 protocol for its governance. It lost 20 million tokens because of an incompatibility between layer-1 and level-2 addresses. A leaked 600-page copy of a United States crypto draft bill also grabbed the community’s attention, as it proposes heavy regulatory scrutiny for DeFi and DAOs.