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The Protocol: Bitcoin Bridged Trustlessly to L2; Ethereum's Blob Mob


Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Marc Hochstein, CoinDesk's deputy editor-in-chief for features, opinion and standards.IN THIS ISSUE:Ethereum's blob mobStaking on StarknetAvalanche's big upgradeL2 teams beam...

Should SOL be Trading at a 70% Discount to ETH?


Solana was trading at 97% discount to ether’s market cap in January of 2023 – a clear market dislocation that has closed significantly over the last two years.Today the gap has closed to a 70% discount.However, solana is starting to challenge ether in terms of on-chain activity and important...

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions


Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity.The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in...

Crypto Staking Goes Live on Starknet in First for Ethereum L2 Blockchains


Starknet has become the first major layer-2 rollup on top of Ethereum to let users earn money by staking their tokens.Anyone who has at least 20,000 STRK tokens (roughly $12,000 at recent prices) can pledge the asset as collateral and earn rewards for validating transactions. Users with less than...

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