Tag: layer2

May 20 2022

a16z’s ‘State of Crypto’ report shows crypto is in a really good state

May 20 2022 Published at CryptoSlate under tags  a16z analysis defi edge investments

Few companies in the VC space have exposure to crypto as a16z has. Founded in 2009 by Marc Andreessen and Ben Horowitz, Andressen Horowitz began investing in crypto companies in 2013 with investments in Coinbase and Ripple and now has just under 50 Web3 companies in its portfolio. On May 17th, the company published the...

May 19 2022

Behind zkLend, a dual solution money market protocol for institutions and retail

May 19 2022 Published at CryptoSlate under tags  defi layer-2 layer2 starknet starkware

zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market. To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional...

May 07 2022

Mercury Wallet Review: Bitcoin wallet with Layer 2 scaling and improved privacy

May 07 2022 Published at CryptoSlate under tags  layer2 privacy wallets

It is commonly believed that Bitcoin is one of the most private methods to send money and that payments are concealed somewhere in the blockchain. The fact is that using Bitcoin to make a payment is the most visible method to do so. Unlike a traditional bank, where your data is private, every Bitcoin transaction is recorded in the blockchain, a public ledger....

Apr 29 2022

Polygon’s ecosystem is surging with a 170% YTD growth and over 19,000 dApps deployed

Apr 29 2022 Published at CryptoSlate under tags  adoption defi layer2 polygon

The Polygon ecosystem has witnessed historical growth in the past several months and now supports over 19,000 dApps—an increase of over 170% from January this year. According to data from Alchemy, this growth is also evident in the number of monthly active teams building on Polygon, which grew from 3,000 to 8,000 in the last five months alone. The...

Apr 27 2022

Ethereum L2 solution Optimism to launch new governance model, token via airdrop

Apr 27 2022 Published at CryptoSlate under tags  layer2

After weeks of speculations, leading Ethereum Layer-2 solution Optimism has...

Apr 21 2022

How Cardano’s Hydra scaling solution beats the Bitcoin Lightning Network

Apr 21 2022 Published at CryptoSlate under tags  altcoins layer2

Cardano founder Charles Hoskinson tweeted a link to the Hydra website on April 20. The website contains node installation instructions, a quick start guide, and demo content. Check out the Hydra Website: https://t.co/FXHwEtuoAK...

Apr 20 2022

Kraken’s Bitcoin Lightning service hits 2,500 BTC in transactions

Apr 20 2022 Published at CryptoSlate under tags  bitcoin btc exchanges kraken layer2

Kraken, one of the largest centralized crypto exchanges in the world, launched its Bitcoin Lightning service on April 1st this year, but the success of the service seems to be anything but a joke. In less than three weeks, usage of the Lightning Network on Kraken has sent the exchange into the position of being the sixth largest node on the Lightning network...

Apr 17 2022

Dotsama ecosystem gets new cross-chain staking with up to 42% APR via Bifrost

Apr 17 2022 Published at CryptoSlate under tags  defi investments layer2 technology

We recently announced Bifrost's Collator Mainnet launch, bringing cross-chain staking to the Dotsama ecosystem. However, there is much more to the announcement than it may at first seem. Additionally, some terminologies can be a little hard to understand for the average crypto investor. Staking...

Apr 16 2022

Demystifying blockchain oracles: Part 3

Apr 16 2022 Published at CryptoSlate under tags  defi layer2 technology

Blockchain oracles enable accessing, processing, and transmitting information between the outside world of off-chain data and smart contracts. While they already represent a crucial piece of the infrastructure that makes DeFi and decentralized applications possible, oracles are likely to become more prominent in the future. How are...

Apr 13 2022

Bitcoin Lightning payment volume increased 400% in a year, here’s why

Apr 13 2022 Published at CryptoSlate under tags  adoption analysis arcane research bitcoin btc

Bitcoin’s “scaling solution” for fast payments, the Lightning Network, is becoming increasingly popular around the globe. According to a fresh research report (pdf) by Arcane Research, Lightning payments are...

Apr 06 2022

BitPay integrates Lightning Network to enable low-cost Bitcoin transactions

Apr 06 2022 Published at CryptoSlate under tags  adoption btcusd layer2 payments

Major cryptocurrency payment service provider BitPay has added support for the Lightning Network (LN), Bitcoin’s (BTC) Layer-2 scalability solution, granting users access to a faster and cheaper method of transacting their BTC. In an announcement shared with CryptoSlate...

Apr 01 2022

Ethereum layer-2 Boba Network integrates The Graph

Apr 01 2022 Published at CryptoSlate under tags  boba network eth ethereum layer-2 layer2

The Graph’s hosted service is about to be integrated into the Ethereum layer-2 scaling solution built on optimistic roll-up technology, according to a press release from Boba Network....

Mar 31 2022

Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana

Mar 31 2022 Published at CryptoSlate under tags  acala avalanche bridge defi ethereum

Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the...

Mar 29 2022

Layer-2 money market ZkLend raises $5 million in seed round

Mar 29 2022 Published at CryptoSlate under tags  eth ethereum investments layer-2 layer2

Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. A month ago Yearn Finance launched its first layer-2 powered service on optimistic...

Mar 16 2022

Synthetix to launch perpetual futures on Ethereum scaling solution Optimism

Mar 16 2022 Published at CryptoSlate under tags  btc derivatives eth ethereum layer2

Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent...

Mar 15 2022

How this stablecoin has high yield strategies built into its design mechanism

Mar 15 2022 Published at CryptoSlate under tags  analysis daos defi layer2 stablecoins

Deployed on Arbitrum, Sperax USD (USDs) entered the DeFi space as the “first auto-yield stablecoin.” The Sperax protocol leverages a dual token system with a stablecoin ($USDs) and a governance token ($SPA). CryptoSlate talked to Sperax, who explained what makes the hybrid stablecoin special and in which aspects $USDs harnesses the power of DeFi to deliver passive yield to stablecoin holders....

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