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Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• The recent exploit of the Harmony Horizon bridge has had rippling effects in the Harmony ecosystem, which now faces a steep uphill climb to recovery
• BNB Chain teams continue to look for ways to strike the ideal balance between decentralization and growth, while Polkadot and Kusama parachains have begun to establish cross-chain communication channels with increasing frequency

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