Layer2 Financial News

06.02 / 18:11

defi Uniswap layer2 network Community votes to deploy Uniswap v3 on Boba Network

Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network's layer-2 protocol on Ethereum.

05.02 / 15:11

Blockchain Ethereum Adoption Polygon layer2 Open Source zk-Rollup Starkware open Starkware commits to open source its ‘magic wand’ Starknet Prover

Ethereum layer 2 scaling solution StarkWare announced plans to open source its proprietary Starknet Prover under the Apache 2.0 license, which has processed 327 million transactions and minted 95 million nonfungible tokens (NFTs) to date.

19.01 / 06:25

Ethereum Adoption Polygon layer2 Soaring growth of Ethereum layer-2 networks set to continue in 2023

Ethereum layer-2 networks have gone through an explosive growth phase over the past couple of months a trend that is set to continue in 2023.

16.01 / 12:33

Blockchain Altcoin layer2 Shiba Inu L2 network Shiba Inu devs to launch Shibarium L2 network beta

The developers of the dog-themed token Shiba Inu (SHIB) posted an update to inform its community about its upcoming beta release of Shibarium, a layer-2 network that will run on top of the Ethereum mainnet.

14.01 / 11:57

Ethereum Polygon Scalability layer2 Polygon tests zero-knowledge rollups, mainnet integration inbound

Ethereum layer-2 scaling protocol Polygon (MATIC) is carrying out performance testing of zero-knowledge rollup (zk rollups) technology ahead of full integration with its mainnet.

11.01 / 09:11

Ethereum Adoption defi layer2 transaction volume Optimism and Arbitrum flip Ethereum in combined transaction volume

Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network.

05.01 / 17:09

Blockchain Ethereum Developers layer2 StarkNet overhauls Cairo programming language to drive developer adoption

Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers.

16.12 / 00:43

business Blockchain layer2 network Aztec Network secures $100 million in Series B funding led by a16z

The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu, and AVG.

20.10 / 07:17

Blockchain defi Smart Contracts layer2 Cross-Chain Exploit Twitter user saves cross-chain bridge from potential exploit

A cross-chain bridge between BitBTC and the Ethereum layer-2 network Optimism has been able to avoid a potentially costly exploit thanks to the work of an eagle-eyed Twitter user.

19.10 / 00:25

Blockchain Ethereum layer2 Upgrade Testnet Ethereum launches testnet for Shanghai upgrade: Here’s what is next

Staked ETH withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. Developers can now begin working on the implementations; a process expected to continue until September 2023.

06.09 / 19:03

Blockchain DEX Airdrop layer2 1inch users on Optimism to receive airdrop of 300,000 OP tokens

Decentralized exchange aggregator 1inch is rewarding users with free tokens for their participation on Optimism — a move the organization says will further incentivize activity on the Ethereum layer-2 scaling solution.

08.08 / 08:37

Blockchain Ethereum Payments layer2 Vitalik: Layer-2 scaling will make crypto payments 'make sense' again — KBW 2022

Ethereum co-founder Vitalik Buterin has argued that crypto payments will once again “make sense” as transaction costs will soon fall to fractions of a cent due to layer-2 rollups.

19.07 / 09:01

Ethereum defi Scalability layer2 expansion Ethereum staking Ethereum staking service Lido announces layer-two expansion

Crypto staking service provider Lido Finance has announced plans to expand staked Ether (stETH) support across the ecosystem of Ethereum Layer two (L2) networks.

08.06 / 00:05

business lending Scalability layer2 TrueFi launches on Optimism, expanding access to on-chain credit

Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders.

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.

02.06 / 06:27

business Blockchain Ethereum layer2 Optimism token falls 40% prompting calls to bar dumpers from airdrops

Optimism’s freshly launched governance token OP has plunged 40% since peaking at $2.10, leading members of the community to discuss baring those who dumped their tokens from future airdrops.

01.06 / 05:29

Blockchain Ethereum Airdrop layer2 Time Optimism airdrop overwhelmed by all-time high demand: ‘Scaling is hard’

Ethereum Layer-2 scaling solution Optimism has been overwhelmed with “all-time high demand” following the launch of its highly anticipated airdrop today.

25.05 / 16:45

business Ethereum Funding layer2 Starkware StarkWare nets $100M as investors bank on layer-2 success

Ethereum (ETH) layer-2 developer StarkWare has raised a further $100 million in its latest fundraising round despite the prevailing downturn in cryptocurrency markets.

20.04 / 15:19

Ethereum defi layer2 Dapps network MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin

MakerDAO, a decentralized autonomous organization serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet.

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.

18.03 / 03:51

Blockchain defi layer2 Optimism saves users $1B in fees, raises $150M in Series B

Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion.

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