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Ethereum Layer 2 Activity Near All-Time High: L2s Become the New Norm


Ethereum (ETH) has become the primary hub for the booming decentralized finance (DeFi) sector, hosting thousands of blockchain projects and decentralized apps (dApps).  These applications leverage the Ethereum blockchain to provide a wide range of services, including but not limited to finance...

ETH Warsaw Sparks Poland's Rise as the Premier EU Blockchain Hub


The European Union seems to have gotten its blockchain king - Poland - judging by the overwhelmingly positive feedback from the attendees of ETH Warsaw. The conference and hackathon was held in Poland's capital between August 31 and September 3, "organized by a passionate group of local Ethereum...

Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak


Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...

Study Shows Fastest Growing L2 Blockchains Adopt Users in Weeks, Not Months


The newest layer two (L2) blockchains are being adopted at record speeds, with some reaching one million users within weeks rather than months, according to a study by Coingecko. L2 Blockchains Hit One Million Users Faster Than Ever, Coingecko Study Shows A layer two (L2) blockchain runs alongside...

Shiba Inu’s Ethereum Bridge Revived for Shibarium Layer-2!


Shibarium refers to a layer-2 blockchain. This innovative solution has been created by the dedicated Shiba Inu (SHIB) team. Layer-2 blockchain goes a long way toward reopening fund withdrawals via its Ethereum Bridge, which enables users to transfer assets between the two networks easily...

Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains


In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation....

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