☝️ Ethereum leads in development activity, Polkadot and Kusama rank second and third

☝️ Ethereum leads in development activity, Polkadot and Kusama rank second and third 😂 Hacker loses 5 ETH trying to hack NEAR protocol/ETH bridge 🍛 Chingari (dubbed "Indian TikTok") to launch a video NFT marketplace

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☝️ Ethereum leads in development activity, Polkadot and Kusama rank second and third 😂 Hacker loses 5 ETH trying to hack NEAR protocol/ETH bridge 🍛 Chingari (dubbed "Indian TikTok") to launch a video NFT marketplace

Ethereum leads in development activity, Polkadot and Kusama rank second and third

Ethereum (ETH) is currently the most actively developed cryptocurrency, according to data from blockchain analytics platform Santiment. Polkadot (DOT) and Kusama (KSM) rank second and third, respectively, each recording 400 development activities, as reported by Santiment on August 22. Santiment's data is based on publicly accessible Github projects, with complete historical and real-time data available for free.

The activity of Ethereum's developers has exploded in recent months, as they race to complete the network's long-awaited upgrade to the Proof-of-Stake (PoS) protocol.

The upcoming Merge upgrade is a key milestone in this process, and is scheduled to take place later this year.

With such a significant development taking place, it's no surprise that more projects are attracted to the platform and looking to invest in the new version of the blockchain. In fact, the number of projects built on Ethereum has doubled in the past year.

Polkadot and Kusama are also both actively developed blockchains, Polkadot is a next-generation protocol that enables cross-chain transfers of any type of data or asset. It is designed to be scalable, flexible, and interoperable with other blockchains. Kusama is a parallel version of Polkadot that is focused on providing a testbed for experimental features.

This is quite the feat for Ethereum. It just goes to show how much can be accomplished in a short period of time when there is a strong community of developers working together towards a common goal.

This bodes well for the future of the platform, and will likely lead to even more growth and adoption in the months and years to come.

Hacker loses 5 ETH trying to hack NEAR protocol/ETH bridge

Hackers, take note: the NEAR/ETH Rainbow Bridge is not to be messed with.

On Aug. 22, a hacker lost 5 Ethereum (ETH) in a failed attack on the bridge, according to Aurora Labs CEO Alex Shevchenko. No user funds were lost, thanks to the bridge's automatic mitigation system, which Shevchenko said stopped the attack within 31 seconds.

And this is good news for users of the bridge, given that hackers have pilfered nearly $2 billion from the DeFi industry during the first six months of this year, according to Chainalysis.

The Rainbow Bridge, which allows users to transfer tokens between ETH, NEAR, and the Aurora networks, was created by Aurora, the Ethereum-compatible scaling solution built on the NEAR blockchain.

The hack attempt occurred when a hacker tried to exploit a flaw in the bridge's smart contract, according to Shevchenko. The attacker sent 5 ETH to the bridge in an attempt to "withdraw" an unlimited amount of NEAR tokens from the other side.

Fortunately, the bridge's automatic mitigation system kicked in, detecting the attack and halting it within 31 seconds. The hacker lost the 5 ETH, but no user funds were lost.

So, if you're a hacker looking to make a quick buck by exploiting vulnerabilities in decentralized systems, the Rainbow Bridge is not the place for you. You're better off finding another target.

But if you're a user of the bridge, you can rest assured that your funds are safe. And that's thanks to the quick-thinking of the Aurora team, who built a robust system that can weather the attack.

Chingari (dubbed "Indian TikTok") to launch a video NFT marketplace

If you thought TikTok was taking over the world, just wait until you see what Chingari is up to. The Indian social app has just announced the launch of its new feature, Creator Cuts – the world’s first-ever video NFT marketplace.

On this marketplace, videos will be minted as NFTs based on premier videos produced by Chingari’s most successful creators. This is a huge move for the company, as it commits to fostering and propagating the creator economy.

So what does this mean for the rest of us? Well, we can expect to see a lot more videos being sold as NFTs in the near future. And who knows, maybe TikTok will be next in line to launch its own NFT marketplace.

Video NFTs haven't been around for that long, but they're already making waves in the world of digital art and collecting. So it's no surprise that some of those apps are jumping on the bandwagon.