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“# Ethereum layer-twos reportedly processing more transactions than BTC ” Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings. According to CoinMetrics data collated by industry analyst and Week…
“# Offchain Labs launches Arbitrum One mainnet, secures $120M in funding ” Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution. Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B…
“# 1inch announces deployment to Optimism’s layer-2 solution ” Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction…
“# Chainlink launches data oracles on Arbitrum One’s Ethereum scaling solution ” Leading data oracle provider Chainlink has announced its successful launch on Arbitrum One — the beta mainnet deployment of layer-two Ethereum scaling solution, Arbitrum. Announced Thursday, the launch will allow developers building on Arbitrum One to access financial market data directly on-chain, providing…
“# SushiSwap CTO reveals why the project isn’t scaling on Optimism anytime soon ” The chief technology officer of the SushiSwap decentralized exchange has revealed why the protocol is no longer keen to scale using layer two solutions from Optimistic Ethereum. The layer two solutions provider OΞ whitelisted several projects last year including Uniswap and…
“# Synthetix turns on layer-two alpha, launches Olympics betting on options platform ” Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform. The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and…
“# Multi-chain infrastructure network Biconomy concludes $9M investment round ” Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital. Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with…
“# Here’s why DinoSwap’s (DINO) TVL rose above $330M a week after launch ” Decentralized finance (DeFi) remains one of the fastest-growing subsectors of the cryptocurrency ecosystem and newly launched platforms looking to grow their userbase and attract liquidity typically offer high-interest staking pools for the first few weeks after launching. One new project that has…
“# Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points ” Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points….
“# Celer launches cBridge mainnet, promising multi-chain compatibility ” Layer-two scaling platform Celer Network has officially launched the mainnet version of cBridge, a multi-chain network that gives users the ability to more easily swap assets across multiple blockchains. With cBridge, users can instantly transfer tokens across Ethereum, Polygon, Binance Smart Chain and Arbitrum networks without…