Tags: Layer2

Arbitrum Foundation Eyes Japanese Market for Ethereum Layer 2 Expansion

Cointelegraph talks with Coinbase protocols lead and Base creator Jesse Pollak about the company’s new blockchain, which is already a force to be reckoned with.

According to BNB Chain, MetaMask was averaging recommended fees from multiple networks, causing opBNB recommended fees to be too high.

As per DeFi Llama data, Solana’s TVL has decreased by 9.64 over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million.

Chainlink’s CCIP protocol has launched on Ethereum layer 2 Arbitrum One to help developers build cross-chain decentralized applications.

The Optimism Network has revealed that it will sell 116 million OP tokens in a series of planned sales.

By inheriting Ethereum’s security, Canto will be more decentralized and will enable trustless guarantees when bridging assets over, Polygon Labs said.

Scroll co-founder Ye Zhang is aiming for a community-driven decentralized immutable scaling solution for Ethereum.

Base surpassed other layer-2 networks like Optimism and Arbitrum in terms of daily transactions but still lagged behind Polygon and BSC.

The launch brings Matter Labs one step closer to its goal of complete decentralization for the zkSync protocol.

The Ethereum layer 2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem.

Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer 2 solutions.

Manta Network has launched its zero-knowledge proof layer-2 scaling network, which promises lower fees and higher throughput for developers looking to deploy decentralized applications.

ARB’s price slumps to a new low as a decline in TVL, a decline in active addresses engaging with its DApps and a general malaise across the crypto market take their toll.

Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated.

The "Onchain Summer" promotion drove activity to the new network, with hundreds of thousands of users minting NFTs in August.

Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time.

Shibarium network activity has soared despite the price of SHIB falling more than 20 since the tumultuous launch of the layer-2 network.

Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal.

The vulnerability was not exploited after its discovery on Aug. 22.

Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and user activity for technical difficulties on Shibarium.

Shiba Inu and related-token prices plunged since Shibarium‘s launch, while rumors of a significant technical error in the new Shibarium network have been swirling.

In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well.

Shibarium’s beta phase saw a total of 21 million wallets on the L2, driving the interest of users months before the launch.