Degen Chain user loses 90% funds during bridge transfer
A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem. Go to Source
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Memecoins, RWA, AI lead crypto narratives in Q2 2024
Memecoins, RWA and ARI captured 36% of all CoinGecko web traffic categories in the second quarter of 2024. Go to Source
$BRETT Attracts Smart Money With Impressive Volume And Profits
$BRETT on the Base network is drawing significant attention from smart money traders today, boasting a cumulative trading volume 15 times higher than its closest competitor. More than 230 smart wallets have been actively trading $BRETT, highlighting its growing popularity and potential in the market. According to on-chain reports from icrypto, two wallets have made … Read more
BASE Emerges As A Leader In The Layer 2 Ecosystem
Over the past three months, the BASE blockchain network has demonstrated exceptional growth and innovation, establishing itself as a powerhouse in the Layer 2 (L2) ecosystem. Recent insights from IntoTheBlock highlight a significant surge in transactions on BASE, driven primarily by decentralized applications and a plethora of innovative games developed on the platform. While Arbitrum … Read more
TON flips ETH in daily active users, but that’s not the full picture
TON has seen more daily active addresses than Ethereum in 10 of the last 11 days — however, that figure doesn’t include Ethereum layer 2s. Go to Source
Optimism reaches ‘Stage 1’ decentralization, implementing fault proofs
The team has implemented fault proofs on Optimism mainnet, and users can now independently initiate withdrawals “without involvement from any trusted third parties.” Go to Source
Base TVL surges to $8B just days after overtaking OP Mainnet
Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months. Go to Source
Based Doge hit with ‘same as Normie’ exploit as 91.4M BOGE is drained
An attacker minted 91 million BOGE tokens and crashed its price, relying on a similar vulnerability as the Normie exploit one day earlier. Go to Source
Normie Meme Coin Suffers Exploit, Vows to Relaunch After Negotiating Hacker Bounty
Normie, a meme coin launched on Base, suffered an exploit that took its market capitalization from almost $42 million to $1 million. The exploiter sent a message offering to keep 10% of the ETH exploited, and demanding that the remaining 90% and the 600 ETH still present in the wallet of the token developers be … Read more
Friend.tech Co-Founder Posts Bounty to Migrate Platform off Base
Racer, a co-founder of Friend.tech – a socialfi network – has posted a bounty of $200K for anyone bringing an implementation allowing the migration of its platform off Base, the Coinbase incubated rollup Layer 2. Racer declared: “System design bounty: If you can figure out a way to migrate friendtech off of Base without causing … Read more
