Ethereum scaling network Arbitrum set for major upgrade on Aug. 31
The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years.
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GMX Review: Is DeFi’s Buzzy 30x Leverage Exchange Easy to Use?
GMX users can “long” or “short” up to 30 times the size of their collateral by borrowing funds from a large liquidity pool. Decentralized Leverage GMX is a popular decentralized...
FTX Pay Integrates With Reddit’s Arbitrum Nova-Powered Community Points System
FTX has announced that FTX Pay’s infrastructure has integrated with the social media and news aggregation forum Reddit’s Community Points system. The integration has been rolled out in the U.S.,…
L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31
On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration…
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for…
Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday…
Arbitrum Pauses Odyssey as Layer 2 Fees Surpass Mainnet Fees
The Arbitrum team has decided to pause Odyssey following a spike in gas fees that briefly made swaps even more expensive on the Layer 2 solution than on Ethereum mainnet....
Layer-2 adoption could spur the next crypto turning point
A mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months.
Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the…
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value…
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