Layer2 Financial News

26.05 / 15:29

Blockchain NFT Smart Contracts Scalability layer2 Bitcoin Community Bitcoin RGB protocol may offer solution to Bitcoin’s Ordinals jam, proponent claims

Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees.

19.05 / 20:57

Blockchain defi layer2 DAO Voting Mainnet BitDAO passes BIP-21 token optimization and branding proposal

The BIT token will soon undergo a branding transformation to become Mantle, a measure approved through a high majority vote on May 19 on a proposal to optimize the token ahead of the launch of a new layer-two mainnet.

18.05 / 12:21

Blockchain Ethereum Adoption defi coinbase layer2 Chainlink network Coinbase Cloud plugs into Chainlink oracle network to improve smart contract reliability

Coinbase Cloud will leverage its global infrastructure and experience managing blockchain data to bolster the security and reliability of the Chainlink blockchain oracle network.

16.05 / 07:11

Blockchain Ethereum Scalability layer2 Upgrade zk-Rollup Optimism’s major ‘Bedrock’ upgrade set for June 6

Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum.

10.05 / 20:07

markets Ethereum Federal Reserve inflation layer2 Futures Ethereum Options Mind Support Ethereum derivatives flirting with bearishness: Mind the $1,820 support

After a brief overshoot above $2,000 on May 6, the Ether (ETH) price has returned to the tight range between $1,820 and $1,950, which has been the norm for the past three weeks.

08.05 / 16:09

Ethereum defi Aave Scalability layer2 zk-STARK zk-Rollup network Aave V3 launches on Ethereum layer-2 network Metis

Decentralized liquidity protocol Aave has deployed on Ethereum (ETH) layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem.

02.05 / 20:19

Blockchain NFT Polygon layer2 Sports Illustrated launches Polygon-based NFT ticketing platform

On May 2, Sports Illustrated's ticketing subsidiary SI Tickets launched the "Box Office" platform, a self-service event management and primary ticketing solution powered by the Polygon blockchain. Built in conjunction with Web3 software developer ConsenSys, Box Office enables "owners, organizers and hosts the ability to create, manage and promote a fully scalable, paid or free ticketed live sporting event."

01.05 / 16:05

Blockchain Ethereum Scalability layer2 zk-STARK More TPS, less gas: Ethereum layer 2 Starknet outlines performance upgrades

Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum (ETH) ecosystem.

19.04 / 15:55

Ethereum defi Ethereum 2.0 coinbase security Smart Contracts layer2 network Coinbase’s Base network gets OpenZeppelin security integration

The OpenZeppelin Defender smart contract security platform has now integrated with Coinbase’s Base network, allowing Web3 app developers on Base to automate security tasks.

18.04 / 14:03

Ethereum Adoption Polygon Scalability layer2 Arbitrum Ethereum layer 2 bridging up sixfold year-on-year in Q1 — Alchemy

Ethereum layer 2s, such as Optimism, Arbitrum and Polygon, increased in popularity in the first quarter of 2023, according to a report from Web3 development platform Alchemy. Ethereum users bridged over $635,000 worth of crypto assets to these networks from January to March, an increase of 44% over the fourth quarter of 2023 and 518% over the first quarter of 2022.

06.04 / 23:51

business Blockchain Ethereum Adoption defi Smart Contracts layer2 zkSync zkSync Era denies 921 ETH 'stuck forever' in smart contract

Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921 Ether (ETH) worth $1.7 million will be "stuck forever" in one of its new projects.

06.04 / 04:19

defi layer2 DAO foundation Arbitrum Arbitrum poses new governance proposals after community furor

The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance.

04.04 / 21:49

Ethereum defi Decentralization layer2 identity KYC network Masa announces soulbound ID tokens for Coinbase's Base Network

Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said.

03.04 / 06:41

Blockchain Ethereum Adoption Smart Contracts Scalability layer2 zk Buterin weighs in on zk-EVMs impact on decentralization and security

Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain.

02.04 / 17:29

Blockchain defi layer2 DAO Arbitrum Governance Token controversy stake Arbitrum's first governance proposal sparks controversy with $1B at stake

A proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised controversy in the ARB community over the weekend, as the Foundation announced that it was only ratifying a decision that had already been made.

30.03 / 13:57

Blockchain defi solana Web3 layer2 Dapps Cosmos Testnet Injective launches layer-2 testnet for Solana-based apps in Cosmos

Developers may soon be able to port Solana Web3 apps to the Cosmos ecosystem, bringing new users to these apps and providing a greater variety of uses for Cosmos blockchains.

29.03 / 10:47

markets Altcoin solana Altcoin Watch layer2 Tech Analysis L2 ARB price ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks.

20.03 / 16:53

Ethereum NFT defi layer2 Arbitrum zk-Rollup zkSync week Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week

Arbitrum, a layer-2 Ethereum scalability protocol, announced the airdrop for its governance token ARB on March 16, and eligible receivers are expected to get the token by March 23. The hype around its airdrop has now helped another layer-2 solution zkSync, to see significant week-over-week growth.

07.03 / 08:35

Blockchain Ethereum Adoption coinbase Decentralization layer2 network Coinbase CEO hints its new layer-2 network could include AML measures

Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and anti-money laundering measures at launch.

24.02 / 05:45

business Blockchain Ethereum Adoption SEC coinbase layer2 Coinbase new blockchain seen as 'massive confidence vote' for Ethereum

The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network.

23.02 / 18:29

Blockchain Ethereum coinbase layer2 Dapps network Coinbase launches its own Layer 2 network for building decentralized apps

On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum Layer 2 (L2) network. The company claimed this new network will offer a low-cost, secure, and developer-friendly environment for building decentralized apps (dApps) on the blockchain.

Layer2 Financial News

popular questions about layer2

What is layer2 and why is it gaining attention?

Where can I find the latest updates on layer2?

How can I verify the accuracy of information on layer2?