Tag: layer 2

This week's wNews digs into Peter Thiel's recent...

Synthetix doubles down on Layer 2. Synthetix Integrates Optimistic Ethereum Synthetix staking is now compatible with Optimistic Ethereum. Synthetix announced the update in a...

Following a breakout year for decentralized finance (DeFi), the nascent sector has demonstrated that it can handle traditional financial services such as lending, borrowing, and trading with aplomb. It has also delivered unique and highly profitable financial instruments, such as proof liquidity mining. The question now is, "what comes next?" While it’s easy to get swept up in all the goodwill and hyperbole...

Optimism has delayed its launch date until July. Optimism had originally planned to go live this month. Optimism "Adversaries" Delay Launch In a blog post titled "Optimistically Cautious,"...

Microsoft has launched its open-source, Layer 2 decentralized identification solution ION on top of Bitcoin mainnet.Microsoft has announced the completion of ION v1, a Decentralized Identifier (DID) technology, according to a press release sent to Bitcoin Magazine. The technology enables the...

Decentralized finance platform Synthetix has been one of the first to embrace Layer 2 scaling, and it has just posted a progress update. In a March 24 blog post, Synthetix, the synthetic asset trading platform, stated that its transition to Layer 2, which began in January 2020, has been “amazing to watch so...

Ethereum's Layer 2 welcomes a new arrival: Hermez Network. Hermez Network Launches Hermez Network has gone live on Ethereum mainnet. The Layer 2 project shared news of the update in a...

Gaming veteran Atari is launching a casino on Ethereum. Atari Casino Coming to Ethereum Atari Casino will form part of the virtual gaming world in Decentraland, the Ethereum-based game Atari announced a partnership with earlier this year. According to a...

One of Ethereum's most popular decentralized exchanges is "going multichain." SushiSwap Expands SushiSwap has launched on a host of new blockchain protocols. ...

The ongoing debate about whether or not Bitcoin can scale sufficiently on its path to mass adoption has led many people to question if it will ever reach that point at all.The Bitcoin protocol’s main focus is providing security in transactions. It prevents...

Layer 2 has a new arrival: Atari. Atari Eyes Layer 2 The video game developer is teaming up with Polygon, a scaling solution that recently rebranded from...

There is still plenty of room for new decentralized exchanges it seems, and one that launched in December has just hit a milestone in trade volume amid a general surge in Layer 2 demand. Perpetual Protocol offers decentralized perpetual contracts using Layer 2 Ethereum scaling solutions. It was...

Non-fungible token minting protocol SuperFarm has made moves to reduce costs by implementing Layer 2 scaling solutions. SuperFarm is an Ethereum-based cross-chain DeFi protocol allowing projects to deploy NFT and crypto farms with little technical know-how. It launched an IDO (initial DEX offering) on Polkastarter on February 22 and has now partnered with Immutable X to deliver low-cost NFT minting and trading using...

Loopring and Mask Network have both disclosed plans to enter into a strategic partnership aimed at driving ETH Layer 2 protocols. The partnership between both parties will help improve Ethereum Layer 2 scaling and other decentralized tech features. Mask Network, in an official blog...

ZKSwap, a decentralized exchange that leverages ZK-Rollup technology on Ethereum's Layer 2, has seen a successful launch. It's already drawn tens of millions in liquidity and total value locked. ZKSwap Hits $70 Million TVL The new DEX launched on Feb. 14 after raising $1.7 million in funding in Q4 2020. Under 24 hours later, ZKSwap now has...

Polygon is building a layer 2 aggregator for sidechains, rollups and even whole blockchains in a bid to fix Ethereum’s transaction limitations.

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...

The fourth-largest crypto network, Polkadot, continues to expand in terms of partners, and the Plasma Network is the latest to team up with the project to increase throughput. Plasm Network is a multi-virtual machines scalable smart contract platform running on Polkadot. It supports Layer 2 scaling...

The Ethereum bull run is in full swing, the soft launch of the Optimism...

As Ethereum gas prices continue to skyrocket, decentralized finance protocols are striving to implement Layer 2 (L2) scaling solutions, and Synthetix is the latest to launch. Synthetix, the DeFi-based synthetic assets protocol that tracks the value of real-world assets, is about to launch its Optimistic Ethereum mainnet, entering a new era...