Ndax Weekly TL;DR May 19

• Ethereum Smart Wallet Adoption Surges After Pectra Upgrade Enables EIP-7702 Features 
• Solana Co-Founder Proposes Meta Blockchain to Improve Interoperability and Lower Costs
• Chainlink Launches ‘Build on Solana’ Program to Support Web3 Startups
   

Following Ethereum’s recent Pectra upgrade, over 26,000 wallets have integrated smart account functionality enabled by EIP-7702. The new standard allows Externally Owned Accounts (EOAs) to delegate control to smart contracts, enabling features like automated transactions and fee payments in non-ETH tokens. Adoption has expanded across Ethereum’s mainnet and several layer-2 networks, including Optimism, Base, and Binance Smart Chain. Wallet providers like WhiteBIT and MetaMask have recorded thousands of authorizations, signaling growing interest in programmable wallet capabilities. CryptoSlate

Solana co-founder Anatoly Yakovenko has proposed a “meta blockchain” concept aimed at aggregating data from multiple blockchain networks to enhance interoperability and reduce data availability (DA) costs. The proposal outlines a system that references recent blocks from chains like Ethereum, Solana, and Celestia under a unified transaction ordering mechanism. Yakovenko argues this could eliminate reliance on centralized sequencers and allow users to transact across ecosystems more efficiently. However, critics, including Celestia’s COO, caution that the model may introduce significant operational complexity, especially in managing nodes and consensus rules across multiple chains. CryptoSlate

Chainlink has announced a new initiative called Build on Solana, a startup program aimed at accelerating Web3 development on the Solana blockchain. In collaboration with the Solana Foundation, the program offers selected teams access to technical mentorship, infrastructure support, and growth resources while leveraging Chainlink’s decentralized services. The initiative is open to both early-stage and established projects in DeFi, consumer apps, and infrastructure, and builds on Chainlink’s growing role in powering cross-chain and institutional blockchain solutions. crypto.news

Ndax's news feature provides the latest news, stories, and trends to help you keep your hand on the pulse of crypto and blockchain.

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News Nuggets

• Canada Scales Back Tariffs on U.S. Goods, Easing Inflation and Trade Tensions Financial Post
• Cardano Gains Brave Wallet Integration, Expanding ADA Access to 86 Million Users CryptoSlate
• Hacker Sentenced to 14 Months for Breaching SEC’s X Account in Market Manipulation Case Beincrypto
• Court Rejects SEC and Ripple Settlement Motion Over Procedural Error CryptoSlate
• Strategy Adds $1.34 Billion in Bitcoin, Total Holdings Approach $60 Billion crypto.news
• NFT Project Founder Accused of Misappropriating Millions from Bitcoin Venture Cointelegraph
• Polygon Co-Founder Alerts Crypto Community to Deepfake Scam Impersonating Him in Fake Zoom Calls CryptoSlate
• Ethereum Surpasses Coca-Cola and Alibaba in Market Cap Following 42% Price Surge Cointelegraph

As of 05-19-2025 at 9:00 AM EDT
Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.69 trillion to CA$4.53 trillion.
• Bitcoin's market dominance stands at 63%, while Ethereum's share is 8.9%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$149K and CA$143K registering a 1.6% change over the past week and a market cap of CA$2.8 trillion. (At time of writing)

Visit our new markets page offering real-time data for almost 15,000 cryptocurrencies. Track trends, monitor your favorite cryptocurrencies, and stay ahead of the market. 
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Mark your calendars!

• May 19 – PYTH Token Unlock 
• May 20 – Canada Inflation Rate Announcement 
• May 22 – US Initial Jobless Claims Announcement

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