Overview of Optimism, Avax, Base, and Arbitrum Ecosystems

According to @KriptoBaykusV2, an overview of the Optimism, Avax, Base, and Arbitrum ecosystems has been provided. For more details, users are encouraged to visit the provided link. The source of this information is credited to @intotheblock. (Source)

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Significant Growth in Layer 2 Network Transactions

According to IntoTheBlock, the number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled this year. This growth saw a notable acceleration in Q2, following the integration of EIP-4844 in March, which reduced transaction fees by over 90%. (Source)

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Layer 2 Networks See Transaction Surge in 2023

According to @intotheblock, the number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled in 2023. This growth accelerated significantly in Q2, following the integration of EIP-4844 in March, which reduced transaction fees by over 90%. (Source)

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Upcoming Token Unlocks for Arbitrum and The Sandbox

According to @intotheblock, traders should stay informed about major token unlocks using their latest dashboard. The dashboard offers detailed analyses of upcoming cliff and linear unlocks. Notably, Arbitrum will release 92.6 million tokens on June 16th, and The Sandbox ($SAND) will unlock 205.59 million tokens. (Source)

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ETHFI to Move 200k Tokens to Binance for Season 2 Claims

According to ether.fi Foundation, with the season 2 claim of ETHFI on Arbitrum approaching, 200k ETHFI tokens will be moved from Arbitrum to Binance. This move is aimed at supporting direct deposits and withdrawals. After the deposits are made, the funds will be returned back to the Ethereum Mainnet. (Source)

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Henez Finance Introduces Modular Network for Omnichain Liquidity

According to Henez Finance, the company is launching a modular network aimed at creating an Omnichain universe. This network is powered by Hyperlane, Caldera, Celestia, and Arbitrum. The goal is to unify billions in liquidity scattered across hundreds of blockchain networks. (Source)

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Warning on Potential Exit Scam by Sorta Finance on Arbitrum

According to @zachxbt, Sorta Finance is likely to execute an exit scam on the Arbitrum network. The scammer behind Sorta Finance has a history of stealing over $25 million through previous scams including Magnate, Kokomo, Lendora, Solfire, Crolend, and HashDAO. Traders are advised to avoid using this protocol. (Source)

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Base Surpasses Arbitrum and Optimism in Active Addresses

According to @felixreads, although Arbitrum maintains a higher Total Value Locked (TVL), Base has quickly outpaced both Arbitrum and Optimism in terms of active addresses, achieving a milestone of 1,032,962 as of August 15, 2024. This surge is attributed to its integration with Coinbase Wallet. (Source)

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Vitalik Buterin Highlights Ethereum's Strengthening Ecosystem

According to Vitalik Buterin, Ethereum's ecosystem is showing significant improvements. Transaction fees on Layer 2 solutions are now under $0.01. Two Ethereum Virtual Machine (EVM) Layer 2s, Optimism and Arbitrum, have reached stage 1. The user experience for cross-Layer 2 wallets has improved, eliminating the need for manual network switching. Additionally, Zero-Knowledge (ZK) tooling has become more powerful and mature. (Source)

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Vitalik Buterin Highlights Ethereum's Recent Strengths

According to Vitalik Buterin, Ethereum has seen significant improvements. Transaction fees on Layer 2 (L2) solutions are now below $0.01. Two Ethereum Virtual Machine (EVM) L2s, Optimism and Arbitrum, have reached stage 1. The user experience for cross-L2 wallets has greatly improved, eliminating the need for manual network switching. Additionally, Zero-Knowledge (ZK) tooling has become more powerful and mature, enhancing the overall ecosystem. (Source)

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Moongate NFT Whitelist Giveaway with Binance and OKX Collaboration

According to @ai_9684xtpa, Moongate is offering a whitelist giveaway for their NFT, which is part of an institutional attention asset protocol in collaboration with Binance and OKX. Holders of Arbitrum on-chain equity NFTs will receive a 150% points bonus during the Token Generation Event (TGE), which can be redeemed for $MGT airdrops. To participate, follow @okxchinese and @ai_9684xtpa, like the tweet, and leave your EVM address. One participant will be randomly selected to receive the NFT whitelist for free. (Source)

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Moongate NFT Whitelist Giveaway with Binance and OKX Collaboration

According to @ai_9684xtpa, there is a Moongate NFT whitelist giveaway. Moongate is an attention asset protocol aimed at institutions, collaborating with Binance and OKX. Holders of Arbitrum on-chain equity NFTs will receive a 150% points bonus during the Token Generation Event (TGE), which can be exchanged for $MGT airdrops. To participate, follow @okxchinese and @ai_9684xtpa, like the tweet, and leave your EVM address. One participant will be randomly selected to receive the NFT whitelist for free. (Source)

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Clarification on Binance's Cross-Chain Transfers

According to @EmberCN, there is a common misconception that Arbitrum is transferring ETH to Binance. In reality, Binance is conducting cross-chain transfers from Arbitrum to Ethereum. The address 0xE69...Abb is frequently used by Binance for cross-chain operations involving assets like MATIC, ETH, USDC, and STG. (Source)

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Large ETH Deposit to Binance Explained

According to @ai_9684xtpa, the recent deposit of 60,000 ETH into Binance eight hours ago is not a cause for concern. The funds were previously transferred from Arbitrum to the ETH mainnet and have now completed the seven-day waiting period before being re-deposited into Binance's hot wallet. The address involved was already identified by Arkham as a 'Binance Deposit'. Traders should not be alarmed by this transaction over the weekend. (Source)

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