Layer2 Financial News

21.09 / 15:03

Ethereum Adoption defi layer2 Chainlink Arbitrum zk-Rollup Cross-Chain Chainlink hits Ethereum layer 2 Arbitrum for cross-chain DApp development

Blockchain oracle network Chainlink has tapped into Ethereum (ETH) layer 2 scaling protocol Arbitrum to drive cross-chain decentralized application development.

21.09 / 06:13

Blockchain Ethereum Altcoin Tokens Scalability layer2 Optimism to sell $160M in OP tokens to 7 purchasers via private sale

Ethereum layer-2 scaling solution Optimism (OP) has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes

19.09 / 01:47

Ethereum Adoption defi Polkadot Polygon Decentralization layer2 Canto, Astar blockchains plan migration to Ethereum ecoystem as layer 2s

Cosmos-native layer-1 blockchain Canto has become the latest chain to migrate to Ethereum as a layer 2 zero-knowledge rollup, after another layer-1 blockchain, Astar, announced similar plans moving from the Polkadot ecosystem to Ethereum.

18.09 / 05:59

Ethereum Decentralization layer2 zk-Rollup zkEVM Idealistic Ethereum community-built zkEVM Scroll launching in weeks

After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind.

17.09 / 08:47

Blockchain NFT coinbase layer2 BaSe network Base Network hits almost 2M transactions in a day, still lags Polygon, BSC

Coinbase layer-2 network Base hit a new peak in terms of daily transactions, breaking its former record when it was launched in August, according to data from blockchain explorer BaseScan.

14.09 / 20:51

Blockchain Ethereum defi layer2 Dapps zk-Rollup Portal Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar

Matter Labs recently announced the launch of a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step towards fully decentralizing the protocol.

14.09 / 15:45

Ethereum Adoption Polygon Scalability layer2 zk-Rollup Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals

Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0.

13.09 / 10:51

Ethereum defi Polygon Scalability layer2 zk-STARK zk-Rollup zk Polygon co-founder - $1B bet on ZK-rollups paying off

Polygon co-founder Sandeep Nailwal believes the layer 2 blockchain firm is reaping the benefits of allocating $1 billion to develop zero-knowledge proof (ZK-proof) powered scaling solutions for the Ethereum ecosystem.

12.09 / 14:05

Blockchain Ethereum Scalability layer2 manta zk Manta Network’s L2 hits mainnet to drive ZK-enabled DApp development

The ecosystem of layer-2 blockchain solutions powered by zero-knowledge (ZK) proofs welcomes a new player as Manta Network takes its ZK-as-a-service platform live.

11.09 / 05:23

Ethereum defi Altcoin security Fraud layer2 Arbitrum Arbitrum's fraud proofs haven't been used in the two years since it launched

Not a single fraud proof has been submitted on Arbitrum since it first launched its mainnet with the built-in security feature in August 2021, according to Ed Felten, co-founder and chief scientist of the Arbitrum-building Offchain Labs.

05.09 / 17:03

Ethereum Stablecoin Adoption defi coinbase layer2 BaSe USD Coin officially expands to Base and Optimism networks

Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claimed that it is working with “ecosystem partners” to develop a system for users to swap old, bridged versions of USDC for the new, official versions.

04.09 / 07:07

Blockchain defi Altcoin layer2 Shiba Inu memecoin Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the 1 million mark in a meteoric rise since its relaunch.

29.08 / 04:43

business Adoption defi Altcoin Polygon Scalability layer2 Shibarium wallets surpass 100K after SHIB devs relaunch bridge

Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallets on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28.

24.08 / 16:11

Blockchain Ethereum defi layer2 Balancer Warning vulnerability Balancer says $2.8M still at risk after vulnerability warning

Ethereum automated market maker and decentralized finance (DeFi) protocol Balancer warned that $2.8 million, or 0.42% of its total value locked (TVL), remains at risk following the discovery of a vulnerability on Aug. 22.

17.08 / 21:31

business Blockchain Ethereum layer2 Shiba Inu Shibarium denies bridge issues, calls it FUD

The team behind the newly released Shibarium mainnet has denied reports of bridge problems and asset losses, saying screenshots floating around the crypto community are false.

17.08 / 06:05

Blockchain Altcoin layer2 Shiba Inu SHIB, BONE, LEASH tokens dip amid rumors of $2.5M Shibarium gaffe

The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related tokens.

17.08 / 00:51

Blockchain Adoption defi coinbase layer2 BaSe Onchain week A Based week: Looking back at the first 7 days of Onchain Summer

It’s been an eventful week since Coinbase launched its new layer-2 network Base to the public, bringing with it a frenzy of activity from everyday crypto users, major brands, and more unfortunately, some bad actors as well.

16.08 / 22:49

Blockchain Ethereum defi Altcoin layer2 Shiba Inu memecoin L2 Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet

Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created.

09.08 / 20:07

markets Lightning Network layer2 Bitcoin Wallet Bitcoin network Bitcoin’s Lightning Network is growing, but there are still three major challenges

The Lightning Network is a second-layer solution built on top of the Bitcoin (BTC) blockchain and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels.

04.08 / 08:43

Blockchain Ethereum Polygon Scalability layer2 Matter Labs CEO vehemently denies copy-pasting code from Polygon Zero

Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution.

03.08 / 21:19

markets Altcoin Aave Altcoin Watch layer2 Optimism transactions surpass Arbitrum, but what’s behind the uptick in users?

Optimism is a layer-2 scaling solution that operates as a separate blockchain built on top of Ethereum. Despite having a smaller total value locked (TVL) than its rivals, Optimism may still have the potential to thrive in the increasingly competitive decentralized finance (DeFi) landscape.

Layer2 Financial News

popular questions about layer2

What is layer2 and why is it relevant?

Where can I find the latest updates on layer2?

How can I verify the accuracy of information on layer2?