Ye Zhang, the co-founder of Ethereum layer-2 network Scroll, has pushed back against calls for Ethereum to impose fees on layer-2 networks. Zhang argued in a detailed social media post on April 2, that the proposal was harmful to Ethereum’s long-term vision. He called it a “toxic” approach that prioritizes short-term revenue over lasting ecosystem […]
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Standard Chartered has revised its year-end price target for Ethereum (ETH) to $4,000 — down from its previous forecast of $10,000 — citing structural weaknesses in the network’s economic model. In a research report titled “Ethereum — Midlife Crisis,” the lender’s head of digital assets research, Geoffrey Kendrick, argued that Ethereum’s shift to proof-of-stake and […]
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StarkWare has established a Strategic Bitcoin Reserve, committing to holding a growing share of its treasury in BTC as part of its broader push to integrate the flagship crypto into its Starknet Layer 2 network. While it has not disclosed the size of its holdings, CEO Eli Ben-Sasson said the company is leading by example, […]
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Base’s rapid growth positions the Coinbase-backed Ethereum Layer-2 solution to become a key infrastructure provider for mainstream consumer blockchain applications, per a new report by Nansen. Nansen highlighted significant developments slated for the second quarter, notably Flashblocks, Base Appchains, and smart wallet enhancements, which reflect infrastructure upgrades needed for consumer app adoption. Flashblocks, set for […]
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Hamster Kombat, a Telegram-based tap-to-earn gaming platform, has unveiled Hamster Network, its Layer-2 blockchain built on The Open Network (TON). This marks a significant step toward improving scalability and reducing Web3 gaming and decentralized applications (dApps) costs. Hamster Network Hamster Network is the first gaming-focused Layer-2 solution on TON. The blockhain network is designed to […]
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Vitalik Buterin has argued that increasing Ethereum’s L1 gas capacity is necessary to support transaction inclusion and application development when most activity occurs on L2. In a new blog post, Buterin outlined calculations suggesting that a roughly 10× expansion in L1 capacity would preserve key network functions even as applications migrate to Layer 2 solutions. […]
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Coinbase’s layer-2 network, Base, has denied allegations of selling its Ethereum (ETH) holdings. Over the weekend, crypto community members pointed out that Base has funneled sequencer fees to Coinbase, sparking concerns about transparency and potential ETH sales. However, Base strategist Kabir Sadarangani refuted these claims, asserting that the accusations of a lack of transparency and […]
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The following is a guest post from Rostyslav Bortman, Founder at Ethereum Ukraine. Let’s face it: although 2024 was a year of technological success for Ethereum, it was also a year of financial disappointment. On the one hand, Dencun was finally deployed, and activity on Layer 2 networks in the ecosystem skyrocketed 4 times. On […]
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Amid tension within some parts of the Ethereum ecosystem, Vitalik Buterin has outlined proposals for Ethereum’s L1 and L2 scaling, focusing on data throughput and proof systems to address network demands. In his latest blog post, he described expansions to blob capacity and coordinated interoperability initiatives that aim to simplify cross-chain operations. The post highlighted […]
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Base, the Ethereum layer-2 network developed by Coinbase, has unveiled an ambitious roadmap for 2025. The network seeks to secure $100 billion in on-chain assets, onboard 25,000 developers, and attract 25 million users by the end of the year. Additionally, Base is working toward processing 1 billion transactions by October 2025 as part of its […]
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Sony has officially launched the mainnet of Soneium, its Ethereum layer-2 blockchain, according to a Jan. 14 statement shared with CryptoSlate. Soneium leverages the OP Stack infrastructure developed by the Optimism Foundation and prioritizes streamlined blockchain experiences. Its ecosystem includes Sony’s NFT-focused fan engagement platform, created by SNFT Inc., and the Soneium Spark incubator to […]
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Phala Network, a Polkadot parachain, has expanded its reach to the Ethereum blockchain by introducing a layer-2 rollup protocol designed to boost scalability and efficiency. According to a Jan. 8 statement: “Phala Network has taken a monumental step forward in blockchain innovation by launching the first-ever Op-Succinct Layer 2 (L2) rollup on Ethereum. This transformative […]
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Stacks, a layer-2 blockchain built on Bitcoin, has faced a significant outage lasting over four hours. According to its status page, the network ceased producing transaction blocks at 7:15 UTC on Jan. 6. Since then, no new blocks have been created, effectively halting transaction processing. The project’s team confirmed the issue on its social media […]
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Cardano’s Layer-2 protocol Hydra reached a significant milestone of surpassing 1 million transactions per second (TPS) during its Doom gaming tournament. On Dec. 4, Charles Hoskinson, the founder of Cardano, shared screenshots confirming that the network had crossed the 1 million TPS mark globally. This achievement is part of the ongoing tournament to test Hydra’s […]
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Celo, a prominent Layer-1 blockchain, has seen its native token dump 5% after its upcoming transition to an Ethereum Layer-2 network within Optimism’s Superchain ecosystem turned “contentious.” On Nov. 27, Coinbase, the largest US-based crypto exchange, announced that it would not support Celo’s migration into a Layer 2 network. In contrast, Tether’s CEO Paolo Ardoino […]
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Starknet has launched its staking program for STRK tokens, becoming the first Ethereum layer-2 network to enable staking, according to a Nov. 26 statement shared with CryptoSlate. The program aims to empower token holders to participate in securing the network while earning rewards. In this initial phase, token holders with at least 20,000 STRK can […]
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Bitfinity Network, a Bitcoin Layer-2 solution compatible with the Ethereum Virtual Machine (EVM), has officially launched its mainnet after raising nearly $12 million, according to a Nov. 19 statement shared with CryptoSlate. The Layer-2 network aims to bridge the gap between Bitcoin and DeFi, offering enhanced interoperability and abstraction. Its goal is to bring Bitcoin-native […]
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Learn how Ink by Kraken enhances DeFi with fast, low-cost transactions and secure cross-chain interoperability for a better decentralized experience.
Optimism Foundation and Kraken closed a 25 million OP deal to bring the exchange’s new layer-2 (L2) blockchain, Ink, to the Superchain ecosystem. According to CryptoSlate data, the deal is worth $43 million at OP’s current price of $1.72. Grant Optimism Foundation’s chief growth officer, Ryan Wyatt, explained that the grant is structured to fund Kraken’s protocol engineering […]
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Crypto exchange Kraken announced the upcoming launch of Ink, an Ethereum layer-2 network based on the Optimism Superchain, in an Oct. 24 statement. Ink aims to empower users to trade, borrow, and lend tokens without the need for intermediaries, marking a significant shift from Kraken’s current centralized exchange model. Ink founder Andrew Koller said: “Ink […]
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The zkVM scaling solution will make the dog-themed memecoin network “STRONKer than all the others,” QED and Nexus said.
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
Users will be able to earn restaking yield from layer-2 tokens on EigenDA.
The Bitcoin 2024 conference showcased dozens of protocols driving innovation on the Bitcoin blockchain. Cointelegraph’s team explored the promises and challenges emerging around the world.
Ethereum layer-2 network Scroll has delayed its chain finalization due to a potentially exploitable bug within its ecosystem. On July 19, Rho Markets, a lending protocol on the blockchain, detected unusual activity and suspended operations to investigate. Blockchain security firm Cyvers Alert reported a hack of approximately $7.6 million on Rho Markets’ USDC and USDT […]
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Coinbase-backed Ethereum layer-2 network, Base, is experiencing rapid growth, reflecting the significant adoption and attention it enjoys from the crypto community. Base’s growth comes amid the exchange launch of its Smart Wallet, a self-custodial solution aimed at bringing more than 1 billion users on-chain. Increased network activity Base recorded the highest daily transactions among Ethereum […]
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DeFi protocol Aave plans to launch an “Aave Network” chain after completing its V4 upgrade. Stani Kulechov, the lending protocol’s founder, revealed this in a May 27 social media post, saying: “This is not a drill, Aave Network is planned to come after V4.” While Kulechov failed to provide additional information about the plan, he […]
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Building on the success of Lens Protocol, Lens Lab, an entity under Avara, has announced the Lens Network, a blockchain-based network aimed at transforming the future of social media interactions. Developed on the ZK Stack utilizing zkSync technology on Ethereum, the Lens Network is poised to address and overcome the prevalent scalability challenges faced by […]
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Ethereum Layer-2 (L2) Optimism has urged Layer-3 (L3) blockchain to join its Superchain by building with OP Stack and sharing sequencer revenue with the Optimism Collective. Superchain is a decentralized blockchain platform comprising many chains that share security and a technology stack (OP Stack). It already boasts several successful L2 networks, such as OP Mainnet […]
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