Search Results for "layer 2"
Ripple (XRP) USD (RLUSD) Expands to Layer 2 Networks with Wormhole's NTT Standard
Ripple (XRP) USD (RLUSD) is set to expand its reach to Layer 2 networks through Wormhole's NTT standard, enhancing multichain interoperability and compliance.
Celestia Unveils Fibre Protocol With 1Tb/s Throughput Goal
Celestia announces Fibre Blockspace, a data availability protocol targeting 1 terabit per second across 500 nodes - 1500x its original roadmap target.
Tezos Launches Tezlink Shadownet Testnet for XTZ Scaling Push
Tezos releases Tezlink Shadownet, enabling Michelson smart contracts to run in a high-scalability rollup environment. XTZ trades at $0.58 amid infrastructure upgrades.
Celestia Pitches Sovereign L2 Model as Ethereum Shifts Strategy
Celestia argues Layer 2s should become sovereign networks using modular data availability, citing $4.4B in Solana validator costs as reason to avoid traditional L1 architecture.
Aztec Raises $59M From 17,000 Bidders via Uniswap (UNI)'s New Auction Mechanism
Privacy-focused L2 Aztec used Uniswap (UNI)'s Continuous Clearing Auctions for its token sale, attracting participants from 191 countries with 96% contributing under $10K.
Etherlink Hits 70M Transactions as Tezos L2 Expands Developer Tools
Etherlink crosses 70 million transactions with 1.5 million addresses while launching Shadownet testnet and adding Curve, Superlend to its growing DeFi stack.
The Graph GRT Completes Arbitrum Migration - A Blueprint for L2 Scaling
The Graph shares detailed playbook for migrating Web3 protocols from Ethereum to Arbitrum, achieving 100% indexing rewards on L2 as of June 2024.
Linea Activates Yield Boost to End Mercenary Liquidity Era
Linea launches protocol-level Yield Boost mechanism that stakes bridged ETH via Lido V3, creating self-sustaining ecosystem incentives without treasury dilution.
Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN
In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
Metis Launches Decentralized Liquid Staking in Layer 2 Revolution
Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.
Ethereum Layer 2: A Simplified Overview
Ethereum Layer 2 projects, such as Optimism, Arbitrum, and zkSync, aim to increase transaction throughput and reduce costs while maintaining security and decentralization properties. L2 solutions operate atop the existing blockchain, allowing for off-chain processing and a more scalable approach. They offer lower transaction costs, improved transaction capacity, and maintained security. Types of L2 solutions include rollups, state channels, and plasma. Projects like Arbitrum, Optimism, and zkSync are pioneering the L2 space, aiming to improve Ethereum's efficiency and scalability.