Era Lend on zkSync exploited for $3.4M in reentrancy attack
The lending app was drained of funds using a “read-only reentrancy” bug, a type of vulnerability that is often difficult for auditors to spot. Go to Source Powered by WPeMatico
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DeFi driving zkSync growth as 1inch deploys on Ethereum layer-2 scaling platform
1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era. Go to Source Powered by WPeMatico
Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote
A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority. Go to Source Powered by WPeMatico
Symbiosis integrates zkSync: ‘Natural evolution’ of scaling solutions
Cross-chain DeFi platform Symbiosis has integrated zkSync to improve transaction speed and reduce fees on its automated market-making protocol. Go to Source Powered by WPeMatico
zkSync Era denies 921 ETH ‘stuck forever’ in smart contract
One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.” Go to Source Powered by WPeMatico
Buterin weighs in on zk-EVMs impact on decentralization and security
Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer. Go to Source Powered by WPeMatico
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23 per transfer. Ethereum gas metrics … Read more
Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023
On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a … Read more
StarkNet makes Cairo 1.0 open source in step toward greater community control
StarkNet has prioritized scalability over composability and transparency. But it’s now working on making its tech open source. Go to Source Powered by WPeMatico
Zksync Devs Plan to Launch Layer 3 Scaling Solution Called ‘Opportunity’ in Q1 2023
Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can … Read more
