Ethereum scaling solution, Optimism has raised $150 million in Series B funding, co-led by Andreessen Horowitz and Paradigm. In the latest blog post, the blockchain startup revealed that it is current...
Tag: layer
Ethereum Layer 2 Startup Optimism Raises $150m in Series B Round
Ethereum scaling startup Optimism has secured a $150 million Series B round, co-led by Andreessen Horowitz and Paradigm. After this financing, the company was valued at $1.65 billion. Since NFT and De...
Layer by Layer Issue 24: Fantom, Terra, and Cosmos
March 17, 2022, 8:16AM EDT • 18 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
Aave V3 Heads to Ethereum Layer 2, Fantom, Avalanche
Key Takeaways Aave V3 launched today. The update focuses on letting users move assets between networks while improving capital efficiency and security. It will initially launch on Polygon, Fantom, Ava...
Ethereum Consensus Layer Contract Or Eth 2.0, Surpassed More Than 10 million ETH Staked
The Ethereum consensus layer, referred to as the “Ethereum 2.0” deposit contract, has outperformed 10 million in ETH staked, a supply of roughly 8% of the entire Ethereum supply. The ̶...
Polygon (MATIC) network focuses on the growth of its layer two networks
The price of Polygon (MATIC/USD) could be performing poorly from the recession across the broader cryptocurrency market, but the Polygon network continues to register significant growth in its pursuit...
Ethereum’s ‘consensus layer’ contract hits 10M ETH staked
Quantitative analysis conducted on popular blockchain site Etherscan indicates that 184,441 transactions have been responsible for 10.2 million Ether (ETH) staked into the Eth2 (consensus layer) depos...
10M ETH Staked in Ethereum Consensus Layer Contract
Key Takeaways The Ethereum consensus layer—formerly referred to as “Ethereum 2.0″—deposit contract has surpassed 10 million Ethereum. The deposit contract allows for funds to be moved to E...
Ethereum Layer 2 Developer StarkWare Looking to Triple Valuation to $6B
Key Takeaways StarkWare is reportedly looking to raise $100 million in a Series D funding round. The raise would triple StarkWare’s valuation to $6 billion. Speaking on conditions of anonymity, ...
Layer by Layer Issue 23: Solana, NEAR, and Polkadot
March 10, 2022, 5:27AM EST • 16 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
Plans to Focus on Becoming a Robust Payments Layer One
The open-source payment infrastructure program COTI has released its roadmap for 2022 as it aims to position itself as a go-to Layer 1 for payments. In a press release shared with CryptoPotato, COTI r...
5 Best Layer 1 Blockchain Cryptocurrency to Invest in Now March 2022 Week 2
The cryptocurrency market has jumped after a shaky couple of days. Affected by the ongoing fallout from the Ukraine-Russia conflict, its total cap had slid down to $1.75 trillion. However, this figure...
Ethereum Layer 2 Service StarkNet Goes Live on Alchemy, Promises 100x Lower Gas Fees
In brief StarkNet relies on ZK technology to process masses of transactions quickly and cheaply. A number of major crypto players, including Alchemy and Immutable, are already using it. Don’t lo...
NFT Layer 2 startup Immutable raises $200M, now valued at $2.5B
Immutable, the startup behind the NFT-focused scaling network Immutable X, has raised $200 million in a Series C funding round and is now valued at $2.5 billion. Temasek, a Singapore government-owned ...
Layer 1 Cryptocurrencies Take Beating as Market Sheds $76B
Several leading layer 1 networks have taken a beating in the past 24 hours, with market leaders in Solana, Terra, Cosmos, Near, and others dropping by around 5%. The leading smart contract platform, ...
DeFi wallet Argent launches layer 2 account with waitlist over 500,000
advertisement Argent, a London-based startup, launched a new crypto wallet that aims to cut down the costs and environmental impact of interacting with DeFi systems. In an emailed statement today, Arg...
Ethereum Fees on Layer 2 Dropped Significantly, As One Transaction Now Costs Less Than $0.1
Arman Shirinyan Fees on the second largest network on the market are decreasing as more users are leaving the market Following the general reduction of fees on the Ethereum network, L2 chains are now ...
Hackers Steal NFT Monkeys on Top Ethereum Layer 2
Key Takeaways Hackers have stolen hundreds of NFTs from the Arbitrum NFT marketplace Treasure. Treasure developers quickly froze trading to avoid further losses. Since the incident, many of the hacker...
Bitcoin Layer 3: What Is The Impervious Browser? When Can We Expect It?
The Impervious browser is upon us. The company will launch its most ambitious product at the Bitcoin 2022 conference in Miami, on April 7th. What is it, though? And, while you’re at it, what does Impe...
Layer 2 address activity slows, but Arbitrum stands against the trend
Layer two activity is cooling for most networks According to reports, Arbitrum has seen an increase in TVL and active addresses Arbitrum activity has increased by 12.7% over the past week On-chain mov...
Pentagon’s SDA awards Transport Layer satellite internet contracts
Aerial view of the United States military headquarters, the Pentagon. Jason Reed | Reuters The Space Development Agency, an acquisition arm of the Department of Defense, on Monday announced nearly $1....
Layer 2 address activity slows, but Arbitrum bucks the trend
On-chain activity for the leading Layer 2 networks has been declining recently, however, the Arbitrum platform is bucking the trend according to recent findings. Blockchain analytics firm Nansen has r...
Layer 1 Coins Bounce Back From Russia-Ukraine Dip
Key Takeaways The crypto market has partly recouped its losses following the sell-off prompted by Russia-Ukraine tensions. Layer 1 coins have led the recovery, with Kadena, Avalanche, and Terra postin...
Cardano To Dominate The Market As A Leading Layer 1 Blockchain, Onboarding The Next Billion Users In Crypto – Kraken Report ⋆ ZyCrypto
Advertisement     Key Takeaways Kraken Intelligence’s latest report bills Cardano to emerge as one of the best L1 blockchain. The verdict is based on Cardano’s value-d...
5 Top Layer 2 Altcoins for Lower-Risk Returns in February
Layer-2 altcoins are among the most popular assets in the market. These coins are critical to the industry’s growth as their tied products play a huge role in bolstering the strength of connected bloc...
Layer 1 Crypto Prices Took a Nosedive This Week
Layer 1 blockchains took a beating this week, with several major networks down double-digits over the last seven days, including Solana, Cosmos, Polkadot, and NEAR Protocol. Each of these networks pu...
Layer 2 trends in 2022
2022 could be the year of layer 2s. What are layers 2 Layer 2 (L2), or second layers, are those protocols that build on other core protocols (called layer 1, L1) and basically serve to make transacti...
One of Largest Ethereum Layer 2s Faces Critical Vulnerability, But Funds Are Safe
Arman Shirinyan The team needed only a few hours to fix the crucial vulnerability Optimism, one of the largest Layer 2 solutions for Ethereum, has fixed a critical vulnerability within hours of confir...
Rollup to Rollup Bridges: Connecting Layer 2s
February 11, 2022, 4:09PM EST • 11 min read Quick Take Ethereum has developed a vast but fragmented layer 2 environment. Rollup to rollup bridges are being used to connect different L2 platforms. Hop ...
Arbitrum Leads Ethereum Layer 2 Race With $3.3B Locked
Key Takeaways Arbitrum is leading the Layer 2 market in terms of total value locked. Arbitrum’s TVL stands at $3.3 billion, up 17% in the last week. The biggest dApp on Arbitrum is SushiSwap wit...