Circle’s USDC stablecoin to launch on Sui network
[Sep 17 7:58 AM] The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.
1 / 1 Relevant items tagged with #L1
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Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity
[Sep 4 7:30 PM] Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these…
Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability
[Mar 9 10:08 AM] Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a…
Report: Bitcoin and L2 Networks Lead Fee Generation Surge in Blockchain Landscape
[Jan 29 12:30 PM] The PWN DAO Foundation, linked to the peer-to-peer lending protocol PWN, has released a comprehensive report analyzing user-incurred onchain fees within major blockchain networks and decentralized applications (dapps) for the past year. The 2023…
Bitmain to Support Aleo’s PoW Blockchain With Latest Antminer Release
The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
[Sep 28, 2023 12:00 AM] Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable…
Rollkit Developers Leverage Bitcoin for Sovereign Rollups, Sparking Criticism from Ethereum Proponents
[Mar 6, 2023 1:30 PM] The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a…
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
[Dec 10, 2022 12:30 PM] Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the…