Layer 2 networks boom: How Optimism, Base are leading the charge

Activity and transactions on Layer 2 networks grew significantly in the last few months. Optimism and Base showed saw the most growth over the last quarter. The Layer 2 sector has continued The post Layer 2 networks boom: How Optimism, Base are leading the charge appeared first on AMBCrypto.

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Morpho becomes first L2 protocol to launch on Base

Morpho is the first Layer 2 protocol to launch on Coinbase’s Base. Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options. Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi.

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Newcomer Base challenges Solana with rapid adoption

When analyzing the DeFi market, Solana is almost exclusively compared to Ethereum. Both are Layer 1 networks, and Solana is often perceived as an alternative to Ethereum, which yields an interesting market perspective.

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OpenSea Introduces “Get Based” Series

OpenSea has unveiled its latest initiative, the “Get Based” series. The series aims to spotlight artists creating on Coinbase’s Base network, an Ethereum Layer 2 (L2) solution. The “Get Based” series will showcase the works of up to 15 artists throughout the summer.

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Bitwise Heralds Coinbase (COIN) As The ‘Next Amazon’: Price Targets

In a recently published report by Bitwise, the leading crypto index fund manager, a striking comparison has been drawn between Coinbase and Amazon, highlighting a significant yet under-reported aspect of Coinbase’s business — the Base Layer 2 network.

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How L2s like Optimism, Base, and Arbitrum are shaping up for May

Blast recorded explosive month-on-month growth in terms of new addresses OP’s daily active addresses rose in May, while others saw their numbers fall Layer 2s have made quite a buzz over tThe post How L2s like Optimism, Base, and Arbitrum are shaping up for May appeared first on AMBCrypto.

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Base Leads as Layer 2 Solutions, Says Coinbase CEO Brian Armstrong

Base, developed by Coinbase, now leads in transaction volume, leveraging optimistic rollups for faster, cheaper transactions while maintaining Ethereum's security. The post Base Leads as Layer 2 Solutions, Says Coinbase CEO Brian Armstrong appeared first on BeInCrypto.

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Why Base Chain Has Potential to Lock the Next Generation of Crypto Users

The next era of Web3 will be defined by the ability of projects to attract and retain users, says Kelly Ye of Decentral Park Capital. Coinbase’s Ethereum Layer 2 is showing the way forward.

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MetaWin Launches Innovative TOKENIZED Tesla Cybertruck Contest on Layer 2 Blockchain, Base

With extensive knowledge and expertise in the field, MetaWin and law firm BCLP have achieved a groundbreaking feat by tokenizing a Tesla Cybertruck. This innovative approach involves converting the vehicle into a digital asset, which is then secured by a legally binding contract and transformed into a Non-Fungible Token (NFT).

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MetaWin Announces Innovative TOKENIZED Tesla Cybertruck Contest on Ethereum’s Base Layer 2 Blockchain

London, UK, April 17th, 2024, Chainwire In a pioneering move within the industry, MetaWin in collaboration with law firm BCLP, has successfully tokenized a Tesla Cybertruck, transforming it into a digital asset wrapped in a legally binding contract and minted as a Non-Fungible Token (NFT).

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OKX launches ETH layer-2 network X Layer following Coinbase’s Base success

Crypto exchange OKX finally opened its  Ethereum layer-2 network X Layer mainnet to the general public on April 15. The scaling solution’s testnet was launched in November 2023 to much acclaim and was built with Polygon’s Chain Development Kit (CDK).

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Defi platform on Base network experiences $2m hack

Grand Base, an RWA tokenization platform on the layer 2 Base network, suffered a major security breach. 

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Elite Crypto Analyst Shares 9 Base Projects Poised for 10-100x Potential

Base ecosystem, an Ethereum Layer 2 blockchain built with the OPstack and backed by Coinbase, is gaining significant traction. BlackRock and Coinbase’s recent partnership positions Base as the primary chain, drawing liquidity from other networks such as Solana ($SOL).

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Base’s TPS claim may be inflated by counting failed transactions

Coinbase's layer 2 network, Base, has been making headlines for its high transaction-per-second throughput compared to Solana.

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POKT Network Welcomes Three New Gateways & Brings Open Data Access to Millions of End Users

Georgetown, Cayman Islands, April 9th, 2024, Chainwire Developer DAO, Raid Guild, and Chainstack will bring their respective networks and distribution to POKT Network, providing more developers with read/write access to 60+ blockchains’ by building on top of POKT Network’s decentralized infrastructure POKT Network, the user-governed platform building a Universal RPC Base Layer, announced today the launch […] The post POKT Network Welcomes Three New Gateways & Brings Open Data Access to Millions of End Users appeared first on CoinJournal.

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Here’s 'Ethereum’s biggest problem with L2s' - Polygon CEO

Blast and Base have heightened competition within the Ethereum L2 space.  Polygon CEO sees L2 competition as bad for Ethereum.  In the past, Ethereum’s [ETH] layer (L2s) ecosystem has beThe post Here’s 'Ethereum’s biggest problem with L2s' - Polygon CEO appeared first on AMBCrypto.

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Velo and Solana partner to establish a clearing house for Laos’ Digital Gold

This strategic initiative aims to expand Laos’ Digital Gold user base. Solana will act as the blockchain settlement layer. Velo will be responsible for securely validating transactions. Velo and the Solana Foundation have signed a Memorandum of Understanding (MOU) to establish a clearing house for transactions related to Laos’ Digital Gold.

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How Base's 3M transactions can help it overtake Arbitrum, Optimism

Base outperformed Arbitrum and Optimism on various aspects Memecoins played a huge role in Base's popularity Despite being relatively new to the Layer 2 (L2) sector, Base has outperformed otThe post How Base's 3M transactions can help it overtake Arbitrum, Optimism appeared first on AMBCrypto.

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VanEck Predicts Ethereum Layer 2s May Reach $1 Trillion Base Valuation by 2030

Сообщение VanEck Predicts Ethereum Layer 2s May Reach $1 Trillion Base Valuation by 2030 появились сначала на Coinstelegram.

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Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says

The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.

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Meme Coins on Degen Chain Flourish as New Layer 3 Racks up Millions in Volumes

Degen Chain was released last week as a specialized network that sits atop Base, which itself is an Ethereum layer 2.

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MetaWin Launches New Base and Arbitrum Layer 2-Powered Swap System, Boasting 2-Second Payment Speeds and Half a Cent Gas Fees

London, United Kingdom, March 28th, 2024, Chainwire MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature.

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The Protocol: Meme Coins (and Pepe's Best Friend) Swarm Coinbase Layer 2 Chain

The meme coin frenzy that drove up activity – and failed transactions – on Solana appears to have quickly migrated to Base, Coinbase's six-month-old layer-2 blockchain. Who is the blue-faced creature behind the $BRETT token?

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Coinbase’s Base Hits $2 Billion TVL: Airdrops, Meme Coins to Watch

Coinbase's Layer 2 solution, Base, surpasses $2 billion in Total Value Locked, marking a significant uptick in interest, particularly for meme coins and airdrops, setting the stage for further expansion.

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Infusion Protocol enhances DEX stability on Base with timelock feature

Infusion launches on Base Layer 2, introducing timefused liquidity to DEXs for enhanced stability and predictability in the DeFi ecosystem.

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Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round

Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc.

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Arbitrum activates Atlas upgrade, readies for additional fee reductions on March 18

Arbitrum's Atlas upgrade has been activated, adding support for Ethereum Dencun and targeting a 10-fold reduction in layer 2 base fee.

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The Graph Expands Subgraph to More Than 40 Blockchains Including Arbitrum, Base

The indexing layer is also expanding to Avalanche and Celo.

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Protocol Village: Arbitrum Orbit Layer 3s Now Available on Coinbase Layer-2 Base

The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 7-March 13.

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Base primes for fee reductions as Dencun upgrade approaches

Base, a layer 2 scaling solution for Ethereum, says that it will support EIP-4844 as soon as the Dencun upgrade is deployed.

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Protocol Village: Abitrum Orbit Layer 3s Now Available on Coinbase Layer-2 Base

The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 7-March 13.

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Ethereum L2s take the center stage as countdown to Dencun begins

ETH L2s handled nearly 10x more transactions than the base layer in the last seven days. TVL on ETH L2s jumped 65% YTD. Ethereum [ETH] layer-2 (L2) solutions carried on the strong momentum gThe post Ethereum L2s take the center stage as countdown to Dencun begins appeared first on AMBCrypto.

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How L2 chains boosted Ethereum's user base

Scaling solutions handled 5.17x more transactions than the base layer in the last seven days. The TVL on ETH L2s jumped fourfold over the last year. The Ethereum [ETH] layer-2 (L2) landscapeThe post How L2 chains boosted Ethereum's user base appeared first on AMBCrypto.

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DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Osmosis

MakerDAO’s new tech, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s jam-prone base layer.

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Arbitrum Builder Offchain Labs Acquires Prysmatic Labs, a Core Team Behind Ethereum’s Merge

By acquiring the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is stretching its later 2 tentacles down to Ethereum’s base layer.

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Arbitrum Builder Offchain Labs Buys Prysmatic Labs, a Core Team Behind Ethereum’s Merge

By acquiring the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is stretching its later 2 tentacles down to Ethereum’s base layer.

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Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions

The firm laid out a legal argument against Office of Foreign Assets Control (OFAC) sanctions targeting base layer participants such as miners and validators.

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In Crypto, Base Layer Security Isn’t Enough

Blockchains are only as secure as the applications they run.

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Ultron Foundation’s Diverse Ecosystem Retaining Users With The Help Of Its Native Layer 1 Coin

Ultron Foundation, a blockchain-based project, has created a diverse ecosystem that has been fundamental in retaining a huge user base thanks to its native layer 1 coin. The Ultron Foundation ecosystem provides diversity with multiple services and various dApps.

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Neal Stephenson Coined ‘Metaverse’ in 1992. Now He’s Building One

The author is working with a number of crypto veterans on a new metaverse-focused base layer, Lamina1.

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Charge DeFi Expands with xStatic, Reward Pools, and Eyes Fantom Launch

The latest addition to the market, Charge DeFi, is launching a series of new developments, including a new reward token, xStatic, and several new reward pools. The Charge DeFi team is also taking the project multichain, eyeing expansion to well-known layer 1 chain, Fantom (FTM), as well as making several improvements to the project’s base […]

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Azuro Raises $3.5 Million to Build the Base Layer for Decentralized Betting

Azuro has announced the successful closure of its seed round. The project claims to have raised $3. 5 million from participating institutional investors including Gnosis, Flow Ventures, Polymorphic Capital, Arrington XRP, and Ethereal Ventures, amongst others.

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L2 ecosystem crosses $5.5B in TVL thanks to Boba network's 570% rise

Layer-1 and Layer-2 scaling solutions are two sides of the same crypto coin. Even though the former makes the base layer of a network, the latter (off-chain) plays a vital role. Mainly for protocol inThe post L2 ecosystem crosses $5.

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Bitcoin Is How We Really Build A New Financial System

Iteration upon iteration of DeFi platforms simply exposes the necessity for the decentralized network of bitcoin to act as a base layer.

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Binance Smart Chain (BSC)-based Moon X’s Market Ledger to make Crypto Investment and Monitoring Easy, MOONX to List on LBank

DeFi might be a $270 billion juggernaut and growing powered by a disconnected base layer.   We have Ethereum, the Binance Smart Chain (BSC), IOST, NEO, Waves, Solana, and many more. The list keeps getting longer every day.

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Bitcoin Is The Best Form Of Money, Says Morgan Creek Capital CEO

Mark Yusko said in an interview that Bitcoin will power the internet of value by being its “base layer.”

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Wault Finance Among the Most Active DeFi Protocols in Binance Smart Chain (BSC) and Polygon

Decentralized Finance, or simply DeFi, is all about simplicity, end-user control, and the promotion of financial inclusion.   It operates parallel to the red-tape constricted legacy systems, and developers are doing everything in their power to port over viable projects to a decentralized base layer.

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As BTC and ETH Pursue Multilayer Schemes, Elon Musk Says ‘There’s Merit to Doge Maximizing the Base Layer’

The CEO of Tesla, Elon Musk, is a fan of base layers when it comes to blockchain technology and on Friday, Musk explained there’s “merit” to the Dogecoin chain “minimizing transaction cost.

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Elon Musk Comes Out as Big Blocker

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