Published 30 minutes earlier on Scroll, an Ethereum Layer 2 network that uses zk-rollups technology, raised $50 million in a new funding round. Investors in the round included Polychain Capital,...
Tag: Layer 2s and Scaling
Base Protocol’s token jumps 250% despite no affiliation with Coinbase
Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...
OP token pops 7% following Coinbase Layer 2 announcement
Markets • February 23, 2023, 10:03AM EST Optimism’s token price soared following Coinbase’s announcement that it would build its Layer 2 network on the OP Stack and become a core developer...
Coinbase unveils its Ethereum Layer 2 network that won’t have a token
Coinbase is officially jumping into the Layer 2 game. The crypto exchange giant unveiled Base, a testnet version of its new Ethereum Layer 2 network, at ETHDenver. Modeled on Ethereum’s Go...
Latest round of Ethereum Shapella testnet development reveals a few bugs
Testing on Ethereum’s Zhejiang testnet ahead of the Shanghai-Capella update revealed some bugs, but nothing that will affect the timeline for the introduction of staking to the network. D...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
OP token trades down after second airdrop reward from Optimism
Optimism users who delegated their voting power or spent gas transacting on the Layer 2 network received a portion of an OP token airdrop today as part of the network’s plan to power its mainnet. ...
Modular blockchain Dymension raises $6.7 million in private token round
Dymension, a modular blockchain that leverages Cosmos’s and Celestia’s technologies, raised $6.7 million in a seed funding round. Big Brain Holdings and Stratos led the round, with M...
Starbucks, Warner Music among billion-dollar brands turning to Polygon to tap web3
Episode 7 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Polygon Labs President Ryan Wyatt. Listen below, and subscribe to The Scoop on Apple, Spotify, ...
Crypto markets tread water ahead of Fed speech
Cryptocurrency prices were little change alongside other risk assets ahead of Federal Reserve Chair Jerome Powell’s speech this afternoon at the Economic Club of Washington. Bitcoin was tr...
Market trades flat ahead of Fed’s interest rate decision
Crypto prices remained mostly flat after the market opened on Wednesday, as traders await the Federal Reserve’s interest rate decision and comments from the subsequent press conference this afternoon....
Crypto prices flat, while Dogecoin rallies
Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
Arbitrum-based DEX Vest comes out of stealth with seed round from Jane Street, others
Vest Exchange came out of stealth and revealed plans to launch a decentralized perpetual futures exchange on the Arbitrum network. The exchange has closed a seed round for an undisclosed amount ...
DYdX pushes back $156 million of token unlocks for investors to December from February
Decentralized exchange dYdX delayed its token unlocks for investors to Dec. 1 from Feb. 3, according to a note sent out to investors obtained by The Block. The exchange was set to release 150 mi...
Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed
Shiba Inu and bone led gains after the announcement of a Layer 2 network for the ecosystem. U.S. markets are closed to observe Martin Luther King Jr. Day. Bitcoin was trading at $20,770 at 9 a....
ConsenSys launches private beta testnet for zkEVM scaling technology
ConsenSys, the blockchain infrastructure platform behind Metamask and Infura, opened a private beta testnet for a new scaling and privacy technology called zkEVM that’s built on top of Ethereum. ...
Tranchess launches qETH for non-custodial liquid staking on Ethereum
Tranchess, a liquid staking provider for the BNB ecosystem, will expand liquid staking on Ethereum with the launch of a non-custodial staking service and the qETH token. A majority of leading li...
2022 Review of Optimistic Rollups
December 1, 2022, 2:43PM EST • 6 min read Quick Take The growth of optimistic rollups in 2022 has been significant, largely due to the spike in Optimism’s growth after the launch of its governance tok...
Qredo-incubated hybrid crypto exchange breaks cover: Exclusive
Ankex, a new hybrid crypto exchange incubated by DeFi infrastructure firm Qredo, announced its launch today. Qredo builds decentralized tools that help DeFi outfits with settlement, custody an...
Synapse: Enhancing Cross-Chain Interoperability
November 24, 2022, 11:54AM EST • 8 min read Quick Take Synapse is a cross-chain interoperability protocol that enables composability across different chains. The Synapse bridge leverages the protocol ...
Matter Labs raises $200 million to boost zkSync adoption and grow its team
Matter Labs, the parent company of Ethereum scaling protocol zkSync, has raised $200 million in a Series C round. Blockchain Capital and Dragonfly led the investment, with participation from Li...
An Overview of Layer 3s
Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and...
Solana scaling protocol Layer N comes out of stealth mode
A new Solana scaling protocol named Layer N that could quicken DeFi derivatives and on-chain social networks has come out of a stealth development phase ahead of a mainnet launch expected next year. ...
An Ethereum team has warped Uniswap onto StarkNet
Ethereum development company Nethermind has warped the decentralized exchange Uniswap onto the Ethereum Layer 2 network StarkNet. The core idea is that this will make a version of Uniswap — albeit una...
Lido launches support for staked ETH on Layer 2 integrations
Leading staking service provider Lido will now support the bridging of assets to Layer 2 protocols, it announced on Twitter. Lido allows users to stake ETH and receive staked ETH (stETH) in return. T...
State of Scaling Issue 7: Reviewing Shard Chain Ecosystems
October 4, 2022, 11:02AM EDT • 5 min read Quick Take In this bi-weekly series, we look into some of the most interesting data and developments across the various sharded blockchains Near and Aurora re...
Rollups Post-Merge and Arbitrum Exploits
September 23, 2022, 1:40PM EDT • 5 min read Quick Take In this bi-weekly series, we look into some of the most interesting data and developments across the Layer 2 blockchain landscape, from DeFi and ...
State of Scaling Issue 5: Nitro, Metis and dYmension
September 9, 2022, 11:42AM EDT • 10 min read Quick Take In this bi-weekly series, we look into some of the most interesting data and developments across the Layer 2 blockchain landscape, from DeFi and...