Decentralized Social Media Platform Friend.tech Reverses Decision To Migrate From Coinbase-Backed Layer-2 Chain

July 4, 2024 The Daily Hodl

Altcoins

A social media-focused crypto project is reversing course on its decision to leave the blockchain of top US-based crypto exchange Coinbase. In a new announcement on the social media platform X, Friend.tech (FRIEND) says that based on community feedback, it no longer plans to leave Base to create its own blockchain. “We’ve heard your feedback: […]

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Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

TON flips ETH in daily active addresses, but that’s not the full picture

June 13, 2024 Coin Telegraph

Arbitrum

TON has seen more daily active addresses than Ethereum in 10 of the last 11 days — however, that figure doesn’t include Ethereum layer 2s.

Update June 13, 08:40 am UTC: This article headline has been updated to clarify TON has recorded more active addresses

Telegram’s “The Open Network” (TON) blockchain has recorded more daily active addresses than Ethereum nearly every day this month.

One firm suggests it could be a quiet “flippening” fueled by a massive user base. Though, one could argue the data doesn’t show the full picture either.

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Optimism reaches ‘Stage 1’ decentralization, implementing fault proofs

June 10, 2024 Coin Telegraph

BASE

The team has implemented fault proofs on Optimism mainnet, and users can now independently initiate withdrawals “without involvement from any trusted third parties.”

Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin.

At least four other OP Stack networks will implement the fault proofs “soon,” including Base, Metal, Mode, and Zora.

On Optimism, users can now initiate withdrawals of Ether (ETH) and ERC-20 tokens “without involvement from any trusted third parties,” OP Labs said in a post. In addition, if the team’s sequencer attempts to process invalid withdrawals, they can be “challenged and removed” by any user who submits a fault-proof showing that the withdrawal is invalid.

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

SocialFi Application Friend.tech Leaving Base Blockchain in Move To Develop Own Network

June 10, 2024 The Daily Hodl

Altcoins

SocialFi application protocol Friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its own network. In a new thread, the team behind the social finance platform says that it will be partnering up with Conduit, a firm that provides Ethereum (ETH) rollups, to work on Friendchain, its very own blockchain that will utilize FRIEND […]

The post SocialFi Application Friend.tech Leaving Base Blockchain in Move To Develop Own Network appeared first on The Daily Hodl.

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Memecoin on Coinbase’s Base Chain Flips Solana’s BONK After Explosive 426% Rally

June 10, 2024 The Daily Hodl

Altcoins

The biggest memecoin on the Base blockchain is working its way through the ranks, flipping Dogecoin (DOGE) rival BONK in terms of market cap early on Monday. BRETT, a memecoin meant to accompany the frog-themed altcoin Pepe, is up 426% in the last 30 days at time of writing, trading at $0.18. Pepe was originally […]

The post Memecoin on Coinbase’s Base Chain Flips Solana’s BONK After Explosive 426% Rally appeared first on The Daily Hodl.

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Base TVL surges to $8B just days after overtaking OP Mainnet

June 10, 2024 Coin Telegraph

Base TVL surges to B just days after overtaking OP Mainnet

Arbitrum One

Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.

Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.

L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92 billion in natively minted assets.

The Coinbase-supported chain surpassed OP Mainnet as the largest chain within the Superchain ecosystem last week and is now the second-largest Ethereum scaler in TVL, trailing Arbitrum One’s $18.27 billion.

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Normie Meme Coin Suffers Exploit, Vows to Relaunch After Negotiating Hacker Bounty

May 27, 2024 Bitcoin.com

BASE

Normie, a meme coin launched on Base, suffered an exploit that took its market capitalization from almost $42 million to $1 million. The exploiter sent a message offering to keep 10% of the ETH exploited, and demanding that the remaining 90% and the 600 ETH still present in the wallet of the token developers be […]

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Friend.tech Co-Founder Posts Bounty to Migrate Platform off Base

May 27, 2024 Bitcoin.com

BASE

Racer, a co-founder of Friend.tech – a socialfi network – has posted a bounty of $200K for anyone bringing an implementation allowing the migration of its platform off Base, the Coinbase incubated rollup Layer 2. Racer declared: “System design bounty: If you can figure out a way to migrate friendtech off of Base without causing […]

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Base to Launch Online Hackathon With 200 ETH in Prizes, Sponsored by Stripe, Shopify, and More

May 17, 2024 Bitcoin.com

BASE

Base, the Ethereum Layer 2 solution incubated by Coinbase, has announced the Onchain Summer Buildathon. The event, which runs from May 31st to June 30th, invites builders worldwide to showcase their skills in various onchain use cases, including payments, commerce, gaming, and social. The Buildathon offers 200 ETH in total prizes across eight sponsored tracks, […]

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi

May 13, 2024 Bitcoin.com

BASE

Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments […]

BASE

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