Search
L2 Protocol Blast Secures $230M TVL in 48hrs as Yield Concerns Arise
24.11.2023
Source: Blast Blast, a new Ethereum Layer 2 network, has achieved an impressive Total Value Locked (TVL) of over $230 million within 48 hours of its unveiling. However, there’s a unique twist – the network does not exist yet. Blast has reached $230 Million in TVL within 48 hours. 37,131...
Unidentified Whale Deposits 10,000 ETH Worth $20 Million in New Blast L2 Project
23.11.2023
Source: Adobe / 2ragon Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network. The deposit was made on Wednesday this week, just two days after Blast went live in “early access”...
Is Polygon Price Going to Zero? MATIC Drops 15% as This Novel Mining Project Secures $4.3 Million in Funding
23.11.2023
Leading layer-2 solution Polygon has tumbled in recent days, with MATIC price dropping -15%, and with some panicked bag-holders asking ‘Is Polygon price going to zero?’ – lets dig in. This comes following the breaking news that the emerging Swiss crypto city of Lugano (led...
Ethereum Layer 2 Blast Has Crypto Users Split on Its Impact
23.11.2023
Blast, a layer-2 blockchain that will go live in March, has garnered more than $225 million in staked assets since Monday, but many crypto investors remain skeptical
Celebrating Kaspa’s 2nd Birthday: $1M Airdrop Campaign With OKX, Coinpal.io
22.11.2023
PRESS RELEASE. Massachusetts, USA, November 22nd, 2023, Chainwire. Kaspa, the revolutionary open-source, decentralized, and fully scalable Layer-1 blockchain network, is thrilled to announce its 2nd birthday celebration. To commemorate this significant milestone, together with industry leaders...
Is Celestia Price Going to Zero? TIA Dumps 11% in 24 Hours as Attention Shifts to Innovative Mining Project – How to Buy?
22.11.2023
As modular Layer-1 blockchain Celestia battles against a retracement move, TIA has dropped 11%, but with buy-pressure quickly eating up the fall – is Celestia price going to zero? Retracement has swept into the Celestia price chart following rejection at the top end of a sensational run, in...
Blur Founder Launches New Layer 2 Network Blast, Raises $55 Million Within Hours
21.11.2023
Source: Pixabay Blast, Ethereum’s latest Layer 2 network, has gone live in an “early access” mode. In an X post on Monday, Blast announced its intention of becoming the inaugural Ethereum Layer 2 platform to introduce a built-in yield model. The company’s $20 million initial funding round...
Is Avalanche Going to Zero? AVAX Price Suffers 8% Fall as New Mining Protocol Raises $2.4 Million
21.11.2023
Layer-1 blockchain Avalanche has seen native AVAX price tumble -8% in an ongoing retracement following a local rally top, but with price pushing down is Avalanche going to Zero? The impressive Avalanche rally has seen price climb +180% rapidly over the past month after being triggered by...
New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live
21.11.2023
Blast boasts prominent investors Paradigm and eGirl Capital among others, but there’s no way to withdraw funds until February
Is Celestia Going to Zero? TIA Price Suffers 6% Fall as New Bitcoin Mining Project Takes All the Limelight – How Does it Work?
20.11.2023
Rapidly growing modular blockchain layer-1 Celestia has undertaken a major rally since the TIA airdrop, however, with TIA price falling -6% over the past two-days – is Celestia going to zero? Celestia did what other airdrops such as Arbitrum couldn’t, TIA has mounted a sustained upside...
Ethereum Network Accounted for Over 90% of Layer 1 Revenues in Q3 — Study
20.11.2023
According to a Messari report, the Ethereum network’s revenues constituted more than 90% of the $491.5 million generated by layer 1 chains in Q3. The data also shows that in the period in question, the Aptos network’s revenues were 160% higher than in the preceding quarter. Ethereum...
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
Layer 2 networks hit $13 billion TVL but challenges still remain
15.11.2023
Data from L2Beat shows that layer 2s are seeing greater adoption than ever before as users continue to desire lower gas fees
Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023
15.11.2023
Source: AdobeStock / AhmadSoleh Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news While developers and researchers generally focus on designing and coding the smart contract protocol...
Is Immutable Going to Zero? IMX Price Takes a Dive as Budding Mining Coin Surpasses $4,000,000 Milestone
15.11.2023
Promising layer-2 scaling solution ImmutableX has once again entered minor localized retracement following the latest rally push, with IMX price trading high, and a new Bitcoin cloud mining cryptocurrency has exploded to $4m raised in presale. The sudden downtick in price action has left...
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
Blockchain Developer Lattice Unveils 'Alternative Data Availability' Network for Optimism
15.11.2023
Redstone is operating in testnet, and aims to be cost-effective for on-chain games and decentralized applications
OKX releases new zKEVM Layer-2 network ‘X1’ using Polygon CDK
15.11.2023
OKX recently announced the release of its new zkEVM layer-2 network, X1. The exchange has only launched a testnet of the network for now. The leading Web3 ecosystem collaborated with Polygon Labs to design the network. The secure and highly performant Ethereum-based ZK L2 network has been built...
dYdX Chain Kickstarts Operations With Beta Mainnet Launch
15.11.2023
Source: dYdX Cosmos-based layer 1 dYdX Chain has achieved a significant milestone with the recent release of its beta mainnet phase, marking the start of a live trading interface propelled by a community governance vote. The Beta Stage is live on https://t.co/hUHzHf2j0R ???? After the dYdX...
OKX Collaborates with Polygon Labs to Launch Testnet of X1, A High-Performance zkEVM Layer-2 Network
14.11.2023
OKX partners with Polygon Labs to test new layer-2 network X1. Image by AndriiKoval, Adobe Stock. On Tuesday, the sixth largest cryptocurrency exchange OKX announced a partnership with blockchain platform Polygon Labs to launch a test network for X1, a new zkEVM layer-2 solution designed to improve...