3 / 11 Relevant items tagged with #Layer2

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Based Rollups pitched as fix to Ethereum incentives amid L2 fee debate

[Sep 11, 2024 6:44 AM] Some commentators note that Based Rollups align incentives between Ethereum layer 2 and its base layer validators, which could result in deflationary issuance again.

Restaking Protocol Ether.fi Selects Scroll as Layer-2 Network for Settlement

[Sep 9, 2024 2:00 PM] Restaking protocol Ether.fi selected layer-2 network Scroll as the settlement layer for products like its Cash card.

Bitcoin Layer 2 Protocol Stacks Achieves New High in Smart Contract Deployments

[Sep 9, 2024 9:30 AM] Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more…

Snapshot, Popular DAO Voting Platform, Finally Moves On-Chain, Atop Starknet

[Sep 9, 2024 9:30 AM] Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the primary developer of Starknet, has helped innovate and embraced.

Stacks’ smart contracts reach record high ahead of Nakamoto upgrade

[Sep 8, 2024 1:05 PM] Stacks hit a record of over 1,400 monthly smart contract deployments ahead of the Nakamoto upgrade, which is set to revolutionize Bitcoin DeFi and scalability.

‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet

[Sep 6, 2024 12:37 AM] Movement Labs co-founder Rushi Manche claims his Ethereum scaling blockchain is peaking at 12,000 transactions a second on testnet.

Multiple factors fueling Ether’s ‘dismal’ price action — VanEck

[Sep 5, 2024 8:06 PM] According to analysts at VanEck, Ethereum’s share of decentralized exchange trading volume has dropped from 42% in 2022 to 29% in 2024.

Polygon Begins Token Swap, in Move to Allow More Issuance

[Sep 4, 2024 8:00 AM] The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.

Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC

[Sep 3, 2024 9:08 PM] The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.

Matter Labs Restructures to Meet Changing Demands, Lays Off 16% of Team

[Sep 3, 2024 2:23 PM] The company made the move to adapt to "the different type of technology and support" that developers building on ZKsync now require.

Ethereum layer-1 network revenue collapses. What's causing it?

[Sep 2, 2024 7:43 PM] Layer-2 monthly active users and daily transaction counts have both doubled since March 2024, according to Token Terminal.

Solutions without problems: How many Ethereum layer 2s are too many?

[Aug 30, 2024 2:30 PM]  Layer 2s are a short-term success story, but the long-term picture appears less rosy.

Polygon MATIC may be ‘brewing’ reversal amid sudden spike in onchain activity

[Aug 29, 2024 3:48 AM] On-chain activity for the Ethereum layer-2 network has picked up recently, but token prices remain at deep bear market levels. 

Solving Fragmentation Is Next Blockchain Race as Layer 2s Multiply, ZKsync Developer Says

[Aug 28, 2024 5:40 PM]

SOON closes funding round for Solana-based layer 2

[Aug 27, 2024 4:15 PM] Backers hail from Solana Labs, Coinbase Ventures and Celestia, among others.

EigenLayer’s EigenDA to support layer-2 native token restaking

[Aug 26, 2024 4:45 PM] Users will be able to earn restaking yield from layer-2 tokens on EigenDA.

ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research

[Aug 23, 2024 4:08 AM] Ethereum’s Dencun upgrade has “greatly improved” the economics of Ethereum rollups. However, Galaxy says it also brought more failed transactions.

Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain 'Soneium'

[Aug 23, 2024 4:00 AM] The new project, "Soneium" will be a layer-2 network atop the Ethereum blockchain, using technology from Optimism's OP Stack.

Base hits 4M active addresses amid ‘Onchain Summer’ campaign

[Aug 20, 2024 1:05 PM] Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year. 

Linea receives first contributor for open-source L2 rollup

[Aug 20, 2024 12:00 PM] Status partners with Linea, marking the beginning of a significant contribution to Linea’s zkEVM-powered L2 rollup as part of a broader decentralization effort.

Ethereum L2 ecosystem processes a record 12.4M transactions in a day

[Aug 14, 2024 4:05 AM] The growth has been primarily driven by memecoin mania on the Coinbase L2 blockchain Base. 

Optimism Pushes for 'Interoperability' Between Affiliated Blockchains

[Aug 12, 2024 4:00 PM] Optimism networks that are part of the Superchain rely on Ethereum to communicate with each other in order to move assets, which tends to make such moves slow and expensive. To address that, Optimism is releasing its own interoperability roadmap.

Ethereum median gas price hits 5-year low

[Aug 12, 2024 5:51 AM] The median price to send an Ethereum transaction hit 1.9 gwei over the weekend, with low-priority transactions priced even lower.

Vitalik Buterin unveils plan to solve cross-chain L2 interoperability

[Aug 6, 2024 5:59 AM] “I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems,” said the Ethereum co-founder.

Megaeth: The Endgame ETH Scaling Solution

[Aug 4, 2024 3:30 AM] This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Gaz of Blocmates breaks down Megaeth, one…

Coinbase Reports $1.4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances

[Aug 2, 2024 1:30 AM] Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a…

Everything Bitcoin: L2s see wave of adoption, but security needs to catch up

[Jul 29, 2024 9:00 PM] The Bitcoin 2024 conference showcased dozens of protocols driving innovation on the Bitcoin blockchain. Cointelegraph’s team explored the promises and challenges emerging around the world.

Mythical Games VP: Blockchain Gaming Boom Built on Stronger Base

[Jul 28, 2024 5:30 AM] Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging…

Ethereum and layer-2 addresses surge 127% this year — Glassnode

[Jul 25, 2024 8:05 AM] While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024.

Bitlayer Secures $11M in Series A Funding Led by Franklin Templeton and ABCDE

[Jul 23, 2024 10:30 PM] Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution utilizing the BitVM paradigm, has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This investment elevates Bitlayer’s total…