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Layer 1 Blockchain Mantra Secures $11 Million from Latest Investment Funding Round
25.3.2024
Mantra, the Layer 1 blockchain for real-world assets (RWA), recently raised $11 million in an investment round that was led by Shorooq Partners. Mantra said the raised funds will also be used to provide developers with the tools they need to create RWA protocols and to expand the tokenization...
Warning from Emin Gün Sirer: Deceptive Trends Threaten Integrity of Crypto Markets
24.3.2024
Emin Gün Sirer, the co-founder of Avalanche blockchain, has sounded the alarm on deceptive trends infiltrating certain layer-2 (L2) solutions, posing risks to investors.
The post Warning from Emin Gün Sirer: Deceptive Trends Threaten Integrity of Crypto Markets appeared first on Cryptonews
Japanese Crypto Influencer Calls Ethereum Improvement Proposal 4844 a ‘Layer 1 Middle Ground’
24.3.2024
According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant...
From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 Solutions
23.3.2024
In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024,...
Clique: Layer 3 of STP’s AI-Enhanced Gaming launched on Base
22.3.2024
STP announced the introduction of Clique on Twitter on March 21. Clique is a Layer 3 blockchain utilized for AI-Enhanced Gaming on Base, a brand new Ethereum L2 that Coinbase has incubated and is constructed upon the open-source OP Stack. The Base community has been giving significant attention...
Espresso Systems Secures $28 Million in Series B Funding Led by a16z Crypto
22.3.2024
Espresso Systems raises $28 million in Series B funding led by a16z crypto to enhance Ethereum Layer 2 scalability and rollup interoperability through its marketplace.
The post Espresso Systems Secures $28 Million in Series B Funding Led by a16z Crypto appeared first on Cryptonews
Frax Finance Unveils Roadmap to Reach $100 Billion in Locked Assets on L2 Network by 2026
22.3.2024
DeFi protocol Frax Finance has revealed an ambitious roadmap aimed at increasing the total dollar value of crypto assets locked in its layer 2 blockchain to $100 billion by the end of 2026.
The post Frax Finance Unveils Roadmap to Reach $100 Billion in Locked Assets on L2 Network by 2026 appeared...
Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto
21.3.2024
The shared sequencer leading firm said that the round would further invests in their products as well as additional hires
Shibarium Sees Transactions Plunge 99%: Challenges Ahead for Shiba Inu’s Layer 2
21.3.2024
Shibarium, an Ethereum Layer 2 network built by Shiba Inu, is up against a significant drop in day-to-day transactions to the extent of 99%. The end of 2023 and the start of 2024 have witnessed increased acceptance of the Shibarium network, due to which daily transactions saw an upward swing...
Morph EVM Raises $20M Funding Led by DragonFly Capital
21.3.2024
Ethereum Virtual Machine (EVM) Layer 2 firm Morph, has raised $19 million in a seed funding led by DragonFly Capital.
The post Morph EVM Raises $20M Funding Led by DragonFly Capital appeared first on Cryptonews
Enterprise Ethereum Use Cases Expected to Increase in 2024
20.3.2024
Investors are not the only ones interested in Ethereum (ETH). An increasing number of businesses also plan to leverage Ethereum this year. While large companies have previously dabbled in Ethereum, industry experts believe that enterprise Ethereum is finally gaining momentum. Data from layer-2...
Coinbase's Base Chain Warns of 'Stuck' Transactions Amid Traffic Surge
20.3.2024
The Ethereum layer-2 chain's status page warns users of high fees and slowdowns as traders flock to new Base meme coins
Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge
20.3.2024
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks...
Playnance Introduces Gaming Layer-3 PlayBlock on Arbitrum Orbit
20.3.2024
Playnance has announced the scheduled launch of PlayBlock, a Layer-3 gaming ecosystem developed on the Arbitrum Orbit.
The post Playnance Introduces Gaming Layer-3 PlayBlock on Arbitrum Orbit appeared first on Cryptonews
Starknet, an Ethereum Layer 2, Plans 'Parallel Execution' to Mimic Solana's Speed Feature
20.3.2024
The new feature, described as "multitasking for rollups," is on Starknet's project road map for the second quarter of 2024, released Wednesday
Particle Network Releases Modular Layer 1 for Chain Abstraction and Universal Accounts
20.3.2024
Particle Network has introduced its modular Layer 1 solution for chain abstraction and universal accounts, aimed at simplifying user interactions across multiple blockchains. The design of this modular Layer 1 makes it an ideal tool for both new and existing ecosystems to leverage. Particle Network...
Optimism Finally Starts Testing 'Fault Proofs' at Heart of Design – and of Criticism
19.3.2024
A version of the new proof system, which will help secure withdrawals from Optimism and other networks based on its tech, will be deployed to Ethereum's Sepolia test network on Tuesday
Jimmy Zhao, Senior Solution Architect at BNB Chain, on DeFi, AI, DePIN, Fully On-Chain Gaming, and One BNB | Ep. 318
19.3.2024
Jimmy Zhao talks about BNB Chain and Binance being separate entities, different layers of BNB Chain coming into a unified platform, shifting to fully on-chain models, bringing 15x lower fees, plans for more Layer-2 innovations, AI and DePIN projects the team's working with, and their focus...
Layer 2 Blockchain Opens New Doors Following Ethereum’s Dencun Upgrade
19.3.2024
An Ethereum layer 2 network, Base, has established user metrics incubated by Coinbase, the popular centralized cryptocurrency exchange, that have surged since the Dencun upgrade was made on Ethereum on 13 March. It lowered transaction fees by almost 98% on layer 2 networks. The Dencun upgrade...
Aavegotchi to use Base as a settlement layer for Gotchichain
19.3.2024
Base will be employed by Aavegotchi as the settlement layer for their impending Layer 3 rollup for Aavegotchi gaming, Gotchichain. Base is a preeminent Layer 2 chain that Coinbase developed using an adaptable EVM. It offers a cost-effective and secure approach to developing on-chain and maintaining...