3 / 11 Relevant items tagged with #layer2

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

[Sep 5 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 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 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 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 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 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 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 5:40 PM]

SOON closes funding round for Solana-based layer 2

[Aug 27 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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…

Polygon Labs’s MATIC-POL migration confirmed for Sept. 4

[Jul 18 2:02 AM] The upgrade is part of Polygon's 2.0 roadmap to enhance its zero-knowledge-based layer 2 chains ecosystem, aiming to expand the utility and functionality of its native token.

Polygon Sets September Date for Migration to POL Token from MATIC

[Jul 18 2:00 AM] The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.

Bitcoin L2s help crypto miners in Asia supplement income with staking

[Jul 17 7:01 AM] Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.

Degen Chain user loses 90% funds during bridge transfer

[Jul 17 1:48 AM] A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem.

Blast drops ‘L2’ from X username, reduces withdrawal time from 14 to 7 days

[Jul 16 2:40 PM] After monitoring withdrawals for four months, the developers concluded that longer withdrawal times were no longer necessary.

Starknet, Layer-2 Chain on Ethereum, to Open Staking By End of Year

[Jul 10 6:42 AM]