Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

December 19, 2024 Coin Telegraph

Avara’s Lens secures M for SocialFi-focused L2 blockchain

Lens will give users ownership of their data and a chance for monetization when the mainnet launches early next year.

Lens, a layer-2 blockchain developed by Avara, has raised $31 million in a funding round led by Lightspeed Faction. The funds will go to scaling the network infrastructure ahead of its mainnet launch early next year.

Lens is designed for SocialFi use cases. According to a description of its Version 3 developer preview, it has customizable plug-and-play features including accounts, usernames, graphs, feeds and groups, as well as monetization capabilities, that developers can add to any app on the chain.

The Lens mainnet is expected to launch on Ethereum in early 2025. Lens founder Stani Kulechov said:

<div>Bitcoin seals first 0K+ monthly close with BTC price due 'big move'</div>

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

Starknet Unveils Phase 1 of Staking Initiative, Paving the Way for Decentralization on Ethereum Layer 2

November 27, 2024 Bitcoin.com

bitcoin.com

Starknet has officially launched Phase 1 of its staking initiative on the mainnet, marking a milestone in its journey toward full decentralization as the first major Ethereum Layer 2 rollup to implement a staking mechanism directly on L2. This initiative allows holders of STRK tokens to stake their assets, either as validators or delegators, thereby […]

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

Base sees record 106 TPS as total value locked crosses $10B

November 26, 2024 Coin Telegraph

Base sees record 106 TPS as total value locked crosses B

Arbitrum One

Base is one of two Ethereum layer 2s with a TVL above $10 billion, having gained considerable ground since launching in August last year.

Ethereum layer-2 network Base hit a record 106.26 transactions per second (TPS), distancing it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion.

It marked an almost 28% increase in TPS from Nov. 23. In January, Base was averaging only 4 TPS, according to Base founder Jesse Pollak.

Change in TPS on Base over the last 30 days. Source: L2BEAT

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

Sonic Co-Founder Andre Cronje Criticizes Ethereum L2 Appchain Adoption

October 16, 2024 Bitcoin.com

andre cronje

Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a […]

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

What Are Based Roll-Ups? A Beginner’s Guide

October 13, 2024 Bitcoin.com

based roll-ups

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, author Gaz critiques Vitalik Buterin’s recent actions, while explaining the advancements in Ethereum scaling solutions like roll-ups, particularly focusing on “based roll-ups.” From Token […]

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

Uniswap Labs Introduces Scalability-Focused Ethereum L2

October 11, 2024 Bitcoin.com

bitcoin.com

Uniswap Labs has announced Unichain, its Ethereum Layer-2 solution aimed at streamlining the user experience for those leveraging its services. The organization specified that Unichain would be built as part of Optimism’s Superchain, designed specifically with decentralized finance in mind. Unichain aims to lower costs by 95% compared to using the Ethereum blockchain and to […]

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

September 19, 2024 Coin Telegraph

Bitwise

Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.

Ethereum may be in the “doldrums” at the moment, but haters of the blockchain will probably end up looking “silly,” says the chief investment officer of Bitwise.

In a Sept. 17 post, Bitwise’s Matt Hougan admits there has been a lot of negative community sentiment over Ethereum. The ETH/BTC ratio has been at its lowest in three years, and the price of Ether is flat compared to Solana (SOL) and Bitcoin (BTC).

“No one likes Ethereum right now,” he said.

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project

August 26, 2024 Bitcoin.com

bitcoin.com

Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […]

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

$520B state-owned Italian bank trials digital bonds on Polygon

July 19, 2024 Coin Telegraph

Cassa Depositi e Prestiti SpA

The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement.

Italy’s state-owned bank Cassa Depositi e Prestiti SpA has just completed a $27.2 million digital bond issuance with trillion-dollar investment bank Intesa Sanpaolo using Ethereum layer-2 Polygon.

The transaction was part of a trial conducted by the European Central Bank to identify new solutions for central bank money settlement of wholesale transactions carried out on blockchains, Intesa Sanpaolo explained in a July 18 statement.

It was the first transaction of its kind since Italy introduced its FinTech decree law, which governs the issuance and circulation of financial instruments in digital form.

Bitcoin seals first $100K+ monthly close with BTC price due ‘big move’

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.

Ethereum Layer 2

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