L2 Financial News

04.08 / 15:45

Altcoin Altcoin Watch Ethereum Price L2 Op Price Ethereum's L2 solution 'Optimism' rallies 300% in a month — will OP price gains sustain?

The price of Optimism (OP) has been skyrocketing since the beginning of July due to its proximity to Ethereum.

15.06 / 17:55

Ethereum ETH cryptocurrency L2 Ankr Becomes an RPC Provider to Ethereum L2 Scaling Solution Optimism

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

09.06 / 04:35

NFT defi Hackers Altcoin L2 Optimism loses 20M tokens after L1 and L2 confusion exploited

The honeymoon period for the Optimism layer-2 scaling solution has been cut short as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens.

02.06 / 19:37

defi DEX layer2 L2 Balancer network Balancer launches on Ethereum L2 network Optimism

Automated market maker and decentralized finance (DeFi) protocol Balancer has officially deployed on Optimism, the highly touted Ethereum layer-2 scaling solution, in a move designed to enhance user functionality by increasing scalability and reducing fees.

24.05 / 22:23

Ethereum ETH Platform L2 network ETH L2 network Optimism takes this route to remove ‘sybil attackers’

The Ethereum Layer 2 network Optimism launched a token and new governance model in April. The team is supposed to distribute the token via an entire season of airdrops. In fact, the team also saw it as a larger move toward a decentralized governance structure known as the (OP) Optimism Collective.

04.05 / 05:21

Blockchain Ethereum fees Upgrade L2 Vitalik: L2 transaction fees need to be under 5c to be 'truly acceptable'

Ethereum (ETH) co-founder Vitalik Buterin believes that Layer-2 transaction fees need to be under $0.05 to be “truly acceptable.”

29.04 / 16:17

Ethereum defi fees transactions L2 DeFi on Ethereum L2 Networks Sees Significant Growth, Even as Ethereum Fee Level Falls

Total value locked (TVL) in decentralized finance (DeFi) platforms built on Layer-2 networks for Ethereum (ETH) rose by a massive 964% in the first quarter compared to the same quarter last year, even as average transaction fees on Ethereum’s base layer fell by 80%.

27.04 / 21:55

markets Ethereum Adoption defi L2 Synthetix (SNX) rallies in anticipation of L2 Curve Wars and Optimism airdrop announcement

Layer-two (L2) solutions for the Ethereum (ETH) network have grown in prominence over the last year because of the need for scalable networks that offer low-fee transactions and led to numerous projects that built cross-chain bridges with competing blockchain networks.

05.04 / 19:25

business Funding Venture Capital layer2 L2 network Ethereum L2 Boba Network valued at $1.5B following Series A

Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions.

01.04 / 21:27

UPS Ethereum Platform L2 Threat Is Ethereum’s ‘Merge’ a threat to L2 solutions like Polygon

He who reigns within himself and rules his passions, desires, and fears is more than a king.

24.03 / 01:49

Ethereum NFT Marketplace L2 GameStop NFT Marketplace now live and powered by Loopring L2

GameStop has confirmed its integration with Loopring (LRC), an Ethereum Layer 2 zkRollup protocol designed for powering decentralized cryptocurrency exchanges, into their highly anticipated NFT marketplace. Adam Browman, Loopring’s Head of Growth, announced on Medium on Wednesday that the beta version of GameStop's marketplace had gone live.

18.03 / 19:25

Blockchain Ethereum Digital Platform L2 Myria, a GameFi-focused Ethereum L2 Scaling Platform Announces Token Sale

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

11.03 / 01:01

markets Blockchain Ethereum Polygon Drop L2 ATH Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH

After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth.

02.03 / 15:37

UPS Ethereum Platform L2 Up by 12.7% – Assessing why this L2 network’s on-chain activity shot up

The world’s largest altcoin, Ethereum, despite its sheer dominance, has faced a lot of criticism given its limited transactions per second (TPS). This has often contributed to a massive surge in gas prices thanks to network congestion.

30.11 / 09:27

Ethereum ETH defi privacy L2 Ethereum privacy protocol Tornado Cash to launch on L2 Arbitrum

Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum.

28.11 / 14:01

UPS Ethereum ETH Fighting L2 This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism

Ethereum has seen a myriad of Layer-2 solutions developing over time, with the fight to gain prominence never-ending. However, the emergence of Boba Network has challenged some longstanding L2 solutions to place itself in the #2 spot.

22.11 / 05:43

COST Ethereum ETH L2 Buterin lauds struggling yet biggest ETH L2 solution, Arbitrum’s efforts in the space

Arbitrum, the Ethereum L2 rollup is one of the first optimistic commercial solutions. It lowers costs and speeds up transactions on the Ethereum mainnet. Over the years, Arbitrum has done an excellent job in scaling Ethereum. At press time, it is the biggest Layer 2 solution on the Ethereum network and its growth in just four months has been exceptional. The value locked (TVL) stands at $2.67B and accounts for 47% of the overall market share. However, it seems to be losing heat.

21.11 / 20:57

Blockchain Ethereum Platform L2 L2 ecosystem crosses $5.5B in TVL thanks to Boba network’s 570% rise

Layer-1 and Layer-2 scaling solutions are two sides of the same crypto coin. Even though the former makes the base layer of a network, the latter (off-chain) plays a vital role. Mainly for protocol innovation and the ability to solve the bigger problems that the crypto community is facing. This paves a path for long-term success in the ecosystem.

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