Vitalik Buterin believes Ethereum Layer-2 networks are close to solving the interoperability problem

Ethereum co-founder Vitalik Buterin forecasts a rapid resolution of cross-Layer-2 interoperability issues within the Ethereum ecosystem. Buterin said in an Aug. 5 social media post that recent advancements and collaborative efforts will soon eliminate current challenges. He added: “I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems and we […]

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SOON closes funding round for Solana-based layer 2

Backers hail from Solana Labs, Coinbase Ventures and Celestia, among others.

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EigenLayers EigenDA to support layer-2 native token restaking

Users will be able to earn restaking yield from layer-2 tokens on EigenDA.

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Polygon regains access to Discord server following security breach

Polygon suffered a security breach today as hackers took over its community Discord channel for approximately three hours. The breach, which led to scammers infiltrating the channel and targeting users, has now been resolved. Mudit Gupta, Polygon’s Chief Information Security Officer, confirmed that the team has regained full control of the Discord server and is […]

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Ethereum L2 Corn launches with $6.7 million in seed funding, integrates Bitcoin-backed gas

Corn, an Ethereum Layer-2 network that uses hybrid tokenized Bitcoin (BTC) as gas and offers Super Yield to its users, has launched after securing $6.7 million in seed funding led by Polychain Capital, according to an Aug. 20 statement shared with CryptoSlate. The seed round also included notable corporate and individual investors, including Binance Labs, […]

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Everything Bitcoin: L2s see wave of adoption, but security needs to catch up

The Bitcoin 2024 conference showcased dozens of protocols driving innovation on the Bitcoin blockchain. Cointelegraphs team explored the promises and challenges emerging around the world.

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Ethereum supply turns inflationary as gas fees drop to record lows

The Ethereum ecosystem is experiencing a historic drop in gas fees, which is impacting both mainnet and Layer 2 transactions. According to Etherscan Gas Tracker, the average gas fee on the mainnet stands at 4 Gwei at press time, approximately $0.21. However, transactions can be processed for as low as 3 Gwei, or around $0.14. […]

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Ethereum and layer-2 addresses surge 127% this year Glassnode

While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024.

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Franklin Templeton invests in Bitlayers $300M-valued Bitcoin infrastructure

Bitlayer, a Bitcoin layer-2 network, has raised a total of $16 million, including $11 million in its Series A funding round at a $300 million valuation, according to a July 23 statement shared with CryptoSlate. Franklin Templeton, a prominent investment management firm and issuer of spot Bitcoin and Ethereum ETFs, and ABCDE led the Series […]

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Ethereum Layer 2 Scroll halts chain finalization after Rho Markets suffers $7.6M breach

Ethereum layer-2 network Scroll has delayed its chain finalization due to a potentially exploitable bug within its ecosystem. On July 19, Rho Markets, a lending protocol on the blockchain, detected unusual activity and suspended operations to investigate. Blockchain security firm Cyvers Alert reported a hack of approximately $7.6 million on Rho Markets’ USDC and USDT […]

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Bitcoin L2s help crypto miners in Asia supplement income with staking

Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.

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Base outpaces Optimism and Arbitrum amid Coinbases Smart Wallet debut

Coinbase-backed Ethereum layer-2 network, Base, is experiencing rapid growth, reflecting the significant adoption and attention it enjoys from the crypto community. Base’s growth comes amid the exchange launch of its Smart Wallet, a self-custodial solution aimed at bringing more than 1 billion users on-chain. Increased network activity Base recorded the highest daily transactions among Ethereum […]

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Tezos Paris upgrade: Faster L2 transactions, lower Fees

Tezos 16th upgrade is now live on the mainnet, reducing block finality times to just 10 seconds. This improvement aims to enhance layer-2 scalability in the future.

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Hashing It Out: Layer-2 challenges and enterprise adoption with LightLink CEO

Roy Hui, co-founder and CEO of LightLink, breaks down what it takes to build a layer-2 platform in a very competitive field from airdrops to developer engagement and adoption.

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Optimism invites Layer-3 networks to join its Superchain, promising advanced features

Ethereum Layer-2 (L2) Optimism has urged Layer-3 (L3) blockchain to join its Superchain by building with OP Stack and sharing sequencer revenue with the Optimism Collective. Superchain is a decentralized blockchain platform comprising many chains that share security and a technology stack (OP Stack). It already boasts several successful L2 networks, such as OP Mainnet […]

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Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025

The Ethereum Foundation has announced the distribution of over $32 million in grants during the first quarter of 2025. According to the May 8 update, the funding was issued through its Ecosystem Support Program and spread across 94 projects. While the report categorized the recipients by theme and focus area, it did not disclose the […]

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Summer will offer perfect opportunity for investing in crypto Arthur Hayes

The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.

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Ethereum Name Service proposes ENSv2 upgrade to tap into booming layer 2 networks

ENS Labs, a non-profit organization responsible for the Ethereum Name Service (ENS), has proposed an ENSv2 upgrade that would facilitate the protocol’s migration into a layer 2 network, according to a May 28 statement shared with CryptoSlate. ENS’s move is exciting for Ethereum layer-2 networks, which have recently seen increased adoption, and the total value […]

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Over 26,000 Ethereum wallets integrate Pectra upgrade features driving smart wallet adoption

Ethereum’s recent Pectra upgrade is sparking a surge in smart account usage, redefining how users interact with the network. Data compiled by Base analyst 0xKofi from Bundle Bear shows that more than 26,000 wallets have transitioned to the new smart account format powered by the EIP-7702 in the Pectra upgrade. What are smart accounts? EIP-7702 […]

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Breaking down Ethereum rollups What makes a rollup optimistic vs zero knowledge?

Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address these challenges, developers explored various […]

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