Layer2 Financial News

03.08 / 18:51

Blockchain Ethereum NFT defi coinbase layer2 end Base launches mainnet bridge UI for end users, sets Aug. 9 for official launch

Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. The team will award over 100 Ether (ETH), worth approximately $184,000, in grants to developers and content creators as part of a month-long launch event called the “Onchain Summer.”

27.07 / 21:19

Ethereum Twitter Adoption wallet Developers Scalability layer2 New Optimism wallet lets users receive crypto via Twitter login

A new wallet that has launched on Optimism (OP) allows users to generate an address without storing seed words, and the account can be saved using an ordinary Twitter login. Called “Beam wallet” the application runs in a browser window and requires no downloads, according to a July 27 announcement from its developer. It also allows users to send transactions on Optimism without owning Ether (ETH).

27.07 / 20:29

Blockchain Ethereum Adoption defi transactions Scalability layer2 Time Optimism transaction volumes surpass Abitrum’s for the first time in six months

The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis. Both networks are layer 2s of Ethereum that use optimistic rollup technology, which compresses and batches transactions before submitting them to Ethereum, potentially lowering transaction fees.

27.07 / 13:17

Ethereum NFT Polygon layer2 network zk NFT-optimized Palm Network to become a Polygon ZK Supernet

Nonfungible token-focused blockchain Palm Network is about to become a great deal more accessible to users, with plans to transition into being a customized Polygon blockchain.

16.07 / 18:31

Blockchain Ethereum layer2 Celo L2 Celo blockchain proposes return to Ethereum ecosystem, transition to L2

CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution.

13.07 / 21:35

Blockchain Ethereum NFT defi coinbase Scalability layer2 Coinbase's Base launches mainnet for builders, will onboard users in August

Coinbase’s Base mainnet is now “open for builders,” according to a July 13 blog post from the network’s development team. The team is opening the network to builders ahead of its public launch to allow more time for user onboarding. Base also announced that the public launch of the network will occur in August.

13.07 / 04:01

business Blockchain Binance Altcoin security layer2 Upgrade BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain

The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.

11.07 / 14:05

Blockchain Ethereum Scalability layer2 ConsenSys Ethereum Price zk-STARK zkEVM Linea ConsenSys launches Linea zkEVM to further scale Ethereum

The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.

07.07 / 21:19

Blockchain Ethereum Developers layer2 Testnet open Open-source advocates launch OP Stack testnet to fund public goods

Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it is difficult to exclude non-payers from its consumption.

07.07 / 19:19

business Polygon layer2 policies Blockchain Game Shakeup at Polygon Labs: President will step down and chief legal officer will become CEO

Ryan Wyatt will be stepping down as president of Polygon Labs and moving into an advisory role after more than a year at the firm.

07.07 / 12:51

Ethereum Polygon Ethereum 2.0 layer2 zk-Rollup Testnet Low Polygon spinoff launches testnet bridge to allow for low-cost layer 2s

Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer 2s that do not store full transaction data on Ethereum, the announcement stated.

05.07 / 16:19

Blockchain Ethereum Altcoin Scalability layer2 zk-STARK zk-Rollup Testnet Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’

Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it's capable of processing "hundreds of transactions per second."

03.07 / 18:17

Blockchain NFT layer2 FinTech Arbitrum Debit Cards This platform makes debit card transactions possible directly on Arbitrum

A revolution is unfolding in the world of global payments, led by the transformative power of layer-2 technology and serving traditional banking infrastructure, such as financial messaging and card payment networks. Working together, there is a shift in the fundamentals of financial interaction, using groundbreaking technical architecture to enhance security, efficiency and unrestricted access to the global financial network.

30.06 / 20:43

Ethereum defi Polygon Scalability layer2 Polygon proposes architecture for ‘Polygon 2.0,' including aggregator bridge

Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to create a web of networks ultimately connected to each other through Ethereum. If approved by validators, Polygon 2.0 will also feature an aggregator that makes bridge transactions “near-instant and atomic,” the team said.

27.06 / 22:07

Blockchain Ethereum Adoption Polygon layer2 Gnosis Worldcoin safe Worldcoin confirms it is the cause of mysterious Safe deployments

Worldcoin is the cause of a slew of Safe deployments to the Optimism (OP) network over the past week, according to a June 27 social media post from Tiago Sada, head of product for Worldcoin developer Tools for Humanity.

26.06 / 13:03

Blockchain Ethereum defi Scalability layer2 zk-Rollup zkSync Testnet network end zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year

Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.

22.06 / 03:45

Blockchain Ethereum Adoption Scalability layer2 zk-STARK zk-Rollup Testnet EVM Starknet moves closer to EVM compatibility with upcoming ‘Kakarot’ testnet

Starknet, a zero knowledge layer-2 scaling solution for Ethereum is one step closer to becoming fully Ethereum Virtual Machine (EVM) compatible pending an August testnet launch of Kakarot, a new zkEVM.

20.06 / 04:23

Blockchain Binance layer2 Testnet Binance's BNB Chain introduces layer-2 testnet powered by Optimism

Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain it hopes to address its “scalability challenge.”

06.06 / 22:03

Blockchain Ethereum Adoption coinbase Developers Web3 layer2 Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help create a “Superchain” of scaleable Web3 networks based on Optimism’s OP Stack software.

01.06 / 08:39

Ethereum Adoption Polygon layer2 Telecommunications Germany's Deutsche Telekom plugs in as Polygon validator

One of Europe’s largest telecommunications companies uses its infrastructure to explore new revenue streams and boost network security as a validator for blockchain protocols.

30.05 / 12:27

Blockchain Ethereum Altcoin Tokens layer2 Tokenomics Optimism set to unlock $587M worth of OP tokens, will investors unload?

More than 386 million Optimism (OP) tokens — worth $587 million at current prices — are scheduled to be unlocked on May 31 as the initial vesting period for early contributors and investors comes to an end, prompting concerns about downward price pressure.

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