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Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million


On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live...

Dex Aggregator 1inch to Utilize Ethereum Scaling Solution Optimism


On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch...

Ethereum Layer-2 Scaling Solution Arbitrum to Launch This Month


Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap...

DODO Becomes First Member of DeFi Suite of Arbitrum


In an important announcement, Arbitrum has included DODO in its suite of decentralized applications (dApps). This inclusion will help bring the desired amount of liquidity to the network of multiple blockchains, thereby helping the segment further its influence and appeal among prospective users...

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