Layer 2 address activity slows, but Arbitrum bucks the trend
Layer two activity is cooling for most networks, but Arbitrum has seen an increase in TVL and active addresses recently.
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Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature…
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is…
Matter Labs raises $50M to build EVM-compatible zk-rollups
The funding will be used to further develop zkSync v2, which is currently live on testnet.
Arbitrum extends lead over Optimism as Uniswap posts record volume on L2
DeFi users appear to be choosing Arbitrum over Optimism for scaling as Uniswap’s layer-two volume presses into record highs.
Polygon briefly overtakes Ethereum for active addresses after 330% surge
Layer two aggregator Polygon has seen a 330% surge in active addresses over the past 3 months.
Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN
More than $1 billion worth of Ether is still locked in the ArbiNYAN yield farm despite the price of its native token crashing more than 90% in 24 hours.
Ethereum layer-twos reportedly processing more transactions than BTC
With an average gas cost of $40, it is no surprise that layer-two platforms are surging in terms of usage.