Tag: layer 1

Sep 16 2021

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Apr 22 2021

Instadapp Launches First Layer 1 to 2 Refinancing Bridge

Crypto wallet provider Instadapp has taken a step closer to full Layer 2 integration with the launch of a bridge for debt position migrations. In an April 21 tweet, the DeFi wallet provider stated that it had launched a “refinancing bridge” between Layer 1 and Layer 2. The new system enables users to migrate their L1 debt positions to...

Jan 26 2021

Starkware Bringing Scalability To Existing Layer 1 DeFi Projects

Blockchain scaling and privacy provider Starkware Industries is working towards improving the current state of Layer 1-based decentralized finance, which is now too costly to use for the average investor. Anyone that has made a transaction on the Ethereum network this year will know how expensive it has become. Currently, it will cost almost 10% to send $100 on the Layer 1 network...

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