Devs introduce Ethereum R1 layer-2 scaling solution

Devs introduce Ethereum R1 layer-2 scaling solution

The introduction of Ethereum R1 deviates from traditional layer-2 developments that have come to characterize Ethereum’s scaling networks. A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to…

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Ethical finance must guide crypto’s evolution

Ethical finance must guide crypto’s evolution

As crypto’s speculative fervor wanes, it’s time for the industry to rediscover its roots in ethical finance. Ethical finance principles can steer the crypto industry toward meaningful innovation. Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation Crypto was born from a vision to decentralize power, democratize finance and build…

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Institutions break up with Ethereum but keep ETH on the hook

Institutions break up with Ethereum but keep ETH on the hook

Long-time investors are slashing their Ether balances as Ethereum begins self-improvement to fix its base layer. Ethereum is entering one of its most precarious periods since its inception. Usage on the base layer is plummeting, core metrics are nearing multi-year lows, and even co-founder Vitalik Buterin is proposing a radical architectural overhaul.  Institutions aren’t waiting…

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Stablecoins 'in bull market'; Solana sputters: VanEck

Stablecoins 'in bull market'; Solana sputters: VanEck

Stablecoin adoption persists even as market wide jitters weigh on Ethereum and Solana’s performance, VanEck said. Stablecoins are “in a bull market of their own,” even as smart contract platforms — including Ethereum and Solana — sputter amid the marketwide tumult, asset manager VanEck said in an April 3 monthly note. The diminished activity on…

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Devs introduce Ethereum R1 layer-2 scaling solution

Ethereum's weekly blob fees hit 2025 lows

Ethereum’s income from L2 blob fees has dropped over 95% since mid-March, raising concerns about the network’s post-Dencun revenue model. The Ethereum network’s main source of income from layer-2 (L2) scaling chains — “blob fees” — has sunk to the lowest weekly levels so far this year, according to data from Etherscan.  In the week…

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LINE says it’s not in bed with Sony’s Soneium after all

LINE says it’s not in bed with Sony’s Soneium after all

LY Corporation denied reports that its Line Next blockchain venture had established a business partnership with Sony’s Ethereum layer 2. LY Corporation denied that its Web3 venture, Line Next, had entered into a business partnership with Soneium, a Sony-backed Ethereum layer-2 network. The statement, issued on March 28, followed media reports and social media coverage…

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Celo becomes Ethereum L2 with Optimism rollup implementation

Celo becomes Ethereum L2 with Optimism rollup implementation

Celo, originally launched as a layer-1 blockchain in 2020, has now transitioned to an Ethereum layer-2 protocol using optimistic rollups. Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol. Celo announced the successful transition in a March 26 X post, stating that “Celo is officially…

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