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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
Ethereum Price Prediction as Dencun Upgrade Successfully Goes Live – Where Next for ETH?
13.3.2024
The Ethereum (ETH) price is consolidating just below $4,000 and close to multi-year highs in wake of the successful implementation of the Dencun upgrade, that, amongst other things, is set to deliver a major boost to the Ethereum ecosystem via delivering a significant reduction in Ethereum layer-2...
Ethereum Layer-2 Platforms Now Manage Over $36.7 Billion in TVL
7.3.2024
Ethereum layer-2 scaling solutions like Arbitrum, Optimism, and Base, now manage over $36.7 billion worth of assets in TVL.
The post Ethereum Layer-2 Platforms Now Manage Over $36.7 Billion in TVL appeared first on Cryptonews
$400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch
2.3.2024
Around $400 million in Ether (ETH) has been withdrawn from the Ethereum layer-2 network Blast after the launch of its mainnet.
The post $400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch appeared first on Cryptonews
STRK Token Claims Surge to 420M in a Day as Starknet Blockchain Transactions Reach Record High
22.2.2024
Starknet, an Ethereum layer-2 scaling protocol, commenced the distribution of its native network token, the STRK token, on February 20.
The post STRK Token Claims Surge to 420M in a Day as Starknet Blockchain Transactions Reach Record High appeared first on Cryptonews
STRK Price Surges 23% as Starknet Kickstarts with Massive Airdrop, Over 140 Million Tokens Claimed
20.2.2024
Ethereum layer-2 project Starknet launched its STRK token airdrop, resulting in a 23% price surge and over 140 million tokens claimed. The token saw brief highs of $7 on Binance and $5 on KuCoin. Starknet addresses feedback around eligibility criteria and promises continued evolution for...
Arbitrum Transactions Reach New All-Time High During Inscriptions Frenzy
18.12.2023
Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions. According to data from crypto market analysis platform IntoTheBlock, the network tapped 5.4 million...
Metis, Ethereum Layer-2 Network, Creates $100M Fund as Decentralized Sequencer Launch Nears
18.12.2023
The distribution of funds is planned for the first quarter of 2024, and supposed to occur a week after Metis' decentralized sequencer will go live
Arbitrum Price Prediction as Network Hit By Partial Outage Amid Traffic Surge – Where Next for ARB?
15.12.2023
ARB, the governance token for the Ethereum layer-2 scaling blockchain Arbitrum, is close to 5% lower on Friday, though is holding above its 21DMA at $1.10 despite news of a partial network outage. The blockchain’s official X account tweeted that its sequencer staled at 10:29 ET due to...
Mantle Launches Non-Custodial Liquid Staking Protocol on Ethereum
4.12.2023
Source: Adobe Ethereum layer-2 project Mantle has announced the launch of its new liquid-staking protocol, Mantle LSP. In a Monday post on X (formerly Twitter), the proejct said Mantle LSP will allow users to deposit ETH and participate in network staking through validator nodes. ???? Interact with...
New Ethereum Layer-2 Blast Closes in on Solana After Reaching $600 Million TVL in 10 Days
30.11.2023
Source: Screenshot from Blast.io The total value locked (TVL) on the newly launched Ethereum-based layer 2 network Blast has already closed in on Solana’s TVL after being live for just 10 days. Judging from data from Defi Llama, Blast currently boasts an impressive TVL of $621.6 million, just below...
The Protocol: Ethereum Layer-2s Keep Coming as OKX Apes In
15.11.2023
In this week's edition of The Protocol newsletter, we share a few trends stand out to close 2023: the proliferation of Ethereum layer-2 networks, the ascendancy of zero-knowledge cryptography and the appearance of tokens, smart contracts and now file hosting on the Bitcoin blockchain
Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M
15.11.2023
The Kinto network, built with the Optimism's OP Stack, features native know-your-customer (KYC) checks and investor accreditation mechanism to help onboard regulated financial institutions
OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK
14.11.2023
The “X1” network will be part of the Polygon ecosystem and use zero-knowledge proofs to bridge assets from Ethereum
Ethereum Layer-2 Scaling Solution Scroll Goes Live
17.10.2023
Scroll, an Ethereum layer 2 (L2), has announced the launch of its zkEVM mainnet, which allows developers to have increased speeds, latency, and lower fees to build decentralized applications (dApps).
According to the open letter by the L2 network blog on October 17, the launch of Scroll mainnet...
The Protocol: Which Ethereum Layer-2 Project ISN’T Competing to Land Celo?
4.10.2023
In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network
Base Commits to Decentralization, Collective Growth of The Optimism Collective’s L2 Ecosystem
24.8.2023
The US’s largest cryptocurrency exchange and the largest publicly traded crypto company in the world Coinbase just released a blog post emphasizing its commitment to respecting the principles of decentralization relating to its newly launched layer-2 Ethereum scaling protocol Base.
Base,...
Ethereum Layer-2 Arbitrum Sustains Growth and User Influx Following ARB Airdrop, Total Assets Reach $5.77 Billion: Report
20.8.2023
Per Nansen's Arbitrum Quarterly Report for Q2 2023, the Arbitrum (ARB) airdrop on March 23, 2023, led to a peak in users and transactions. Following the ARB airdrop, daily transactions and user numbers have consistently exceeded the chain's past averages.
Arbitrum, an Ethereum rollup hosting asset...
Shiba Inu Developers Launch Shibarium, Ushering In New Era of Growth for SHIB Ecosystem
16.8.2023
Shiba Inu developers have launched their highly anticipated, purpose-built Ethereum layer-2 scaling solution Shibarium, ushering in a new era of growth for one of the crypto industry’s largest decentralized communities.
The launch announcement was made at the Blockchain Futurist Conference/ETH...
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
16.8.2023
The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender