Ethereum layer-2 scaling took off in last year’s decentralized finance and crypto boom. Markets and activity have cooled a little now, but there are still some interesting DeFi protocols on L2. According to L2beat, there is currently $4.9 billion in total value locked on layer-2. It is down from a record $7.4 billion TVL in early April, however, the figure is rising again....
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....
DeFi (decentralized finance) is one of the biggest trends in the blockchain industry, and many believe it will overtake the traditional finance world. DeFi apps (DApps) powered by smart contracts allow for permissionless financial operations such as efficient stablecoin trading, decentralized lending or Yield Farming, DEX (Decentralized exchanges), DeFi insurance,...
DeFi (decentralized finance) is one of the biggest trends in the blockchain industry, and many believe it will overtake the traditional finance world. DeFi apps (DApps) powered by smart contracts allow for permissionless financial operations such as efficient stablecoin trading, decentralized lending or Yield Farming, DEX (Decentralized exchanges), DeFi insurance,...
What is the Chainalysis oracle? A free tool that allows anyone to validate “if a cryptocurrency wallet address has been included in a sanctions designation.” Pretty handy, considering all the canceling and...
The DeFi space is one of the most sought-after aspects of the blockchain and cryptocurrency sphere. Over time, we have seen rising interest in this space. Also, a slow but steady shift from centralized exchanges to decentralized exchanges. Therefore, to keep our readers informed of the latest news from the DeFi space, we have also compiled some of last week’s top DeFi updates....
Yearn, the seventh-largest DeFi application on Ethereum by Total Value Locked (TVL), has launched its service on the Arbitrum Ethereum Layer-2 network. Four months ago, Yearn took its first steps outside of the Ethereum base chain when Yearn added support for the Fantom Layer-1 blockchain. By a...
Last month Sperax yield farms went live on Arbitrum. Arbitrum's TVL has grown 34.88% in the last 7 days. In this article, you will find out the main reasons why you should farm with Sperax USD. Current DeFi market leaders have seen significant growth. On the other hand, they rely on centralized issuers and off-chain collateral. Because of that, they are vulnerable to...
If you ask most people in crypto what is their biggest frustration is, their answer would be related to ethereum gas fees. When it costs you $100 to send $75, then you have a network with a problem. And this is a relatively common problem on Ethereum. So what can you do about it? This is where all the interest in Layer 2...
ConsenSys, a blockchain firm that offers developer tools alongside enterprise solutions, has announced the top-performing layer two solutions in its recently third-quarter web report. Layer 2 solutions help scale the Web3 landscape and attempt to reduce the cost of transactions on Ethereum. Therefore, rollups have shown major prospects in providing...
On Tuesday, the first Monero (XMR) to Ethereum (ETH) atomic swap was completed on Arbitrum, a Layer 2 Ethereum solution. The atomic swap between XMR and ETH came six months after the swaps between XMR and Bitcoin (BTC) went online in May.
Binance, in its latest effort to maintain its lead as the largest crypto exchange by trading volume, became one of the first centralized exchanges to integrate a layer-2 support for its Ethereum deposits by integrating the recently launched Arbitrum One core network. This was revealed in a...
Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network....
A spike in transactions has caused a major shutdown at Solana. This problem hasn't been solved at the time of writing this article. Also, Arbitrum went down for just 45 minutes in an unrelated incident. According to the official response on Twitter, Solana shut down by a large increase in transactions per second, reaching 400,000....
News