Ethereum L2 ecosystem processes a record 12.4M transactions in a day
The growth has been primarily driven by memecoin mania on the Coinbase L2 blockchain Base. Go to Source
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Vitalik Buterin unveils plan to solve cross-chain L2 interoperability
“I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems,” said the Ethereum co-founder. Go to Source
Crypto for good: Why blockchain can bring financial inclusion worldwide
John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place. Go to Source
ZkSync says 695K wallets eligible for next week’s ZK token airdrop
The Ethereum scaling blockchain set aside two-thirds of its 21 billion ZK token supply to give to its community, with select users the first to get a share. Go to Source
Zksync Introduces Community Governance With ZK Nation
Zksync, an Ethereum layer two (L2) network developed by Matter Labs, has launched a new community-driven governance system named ZK Nation. The system aims to enhance the governance, security, and scalability of the Zksync protocol through active community participation. ZK Nation: New Governance Framework Introduced by ZKsync According to the announcement, the ZK Nation governance … Read more
Shibaswap Migrates to Shibarium Network, Expanding Access to 2 Chains
On May 15, the development team for the meme token project SHIB announced that the decentralized exchange (dex) Shibaswap has been ported to the Shibarium blockchain. SHIB’s lead developer detailed that Shibaswap’s trading platform is now accessible to users of both the Ethereum and Shibarium networks. Shiba Inu Devs Port Shibaswap Over to Shibarium According … Read more
2 Bitcoin L2 Projects Secure Investments to Enhance Bitcoin’s Defi Capabilities
On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout … Read more
Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking
The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. BOB Mainnet Activates, Project Expects a ‘Bitcoin-Driven Defi Summer’ On May 1, … Read more
Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality
Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities. Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability Stacks, an L2 protocol addressing Bitcoin’s scalability challenges and expanding its blockchain functionalities, … Read more
‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and … Read more
