Etherscan’s Code Reader, ZachXBT Lawsuit Fund, and Polygon Upgrade Proposals in DeFi

Etherscan, an Ethereum block explorer and analytics platform, has launched a new AI-powered tool called “Code Reader” that can retrieve and interpret the source code of a specific contract address. This tool can provide insight into contracts’ source code files such as smart contract functions related to Ethereum data, and how the underlying contract interacts with decentralized applications.

ZachXBT, a blockchain investigator, received over $1 million in donations from the crypto community to fund his legal fees in a defamation lawsuit brought against him by Jeffrey Huang, who accused him of damaging his reputation through false allegations.

Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake network to a “zkEVM validium” version that relies on zero-knowledge proofs to increase security. This upgrade aims to improve the protocol’s scalability and security, which is essential as Polygon is an Ethereum scaling solution with over $900 million in total value locked in its contracts and over two million daily transactions.

DeFi’s top 100 tokens by market capitalization have had a bullish week, with most tokens trading in the green after a three-week-long bearish phase. However, the total value locked in DeFi protocols remained below the $50 billion mark despite a surge of over $5 billion this past week.

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