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 fees hit lows while L2 capture users' attention: IntoTheBlock

Trump officially appoints Paul Atkins as SEC Chair

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.

Trump officially appoints Paul Atkins as SEC Chair

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.

Trump officially appoints Paul Atkins as SEC Chair

Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment

June 1, 2024 The Daily Hodl

ada

New data from crypto analytics platform Santiment reveals that a layer-1 Ethereum (ETH) competitor is leading the industry in terms of development activity. In a new post on the social media platform X, Santiment says that decentralized app protocol Hedera (HBAR) is leading the crypto space in development activity over the last 30 days, overtaking […]

The post Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment appeared first on The Daily Hodl.

Trump officially appoints Paul Atkins as SEC Chair

Two Ethereum-Based Altcoins Witnessing Abrupt Surge in Whale Activity Amid Marketwide Bounce: Santiment

May 22, 2024 The Daily Hodl

Altcoins

New data reveals crypto whale transactions are rising for two Ethereum (ETH)-based altcoins as the broader market rallies. According to market intelligence platform Santiment, deep-pocketed investor activity is picking up for layer-2 altcoin Optimism (OP) and fan-focused crypto project Chiliz (CHZ). “With crypto rebounding big [May 20th], keep an eye on the rising whale activity […]

The post Two Ethereum-Based Altcoins Witnessing Abrupt Surge in Whale Activity Amid Marketwide Bounce: Santiment appeared first on The Daily Hodl.

Trump officially appoints Paul Atkins as SEC Chair

Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo

May 21, 2024 The Daily Hodl

AEVO

The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol. According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance. Aevo bills itself as a high-performance derivatives DEX platform tailored for futures […]

The post Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo appeared first on The Daily Hodl.

Trump officially appoints Paul Atkins as SEC Chair

Whale Loses Over $8,430,000 After Capitulating on Ethereum and Two Additional Altcoins: On-Chain Data

May 13, 2024 The Daily Hodl

Altcoins

An unknown whale has sold off their altcoin positions for a massive loss after prices dipped, according to on-chain data. First reported by blockchain tracking service Lookonchain, one whale capitulated their positions in Ethereum (ETH) and layer-2 altcoins Optimism (OP) and Arbitrum (ARB). Lookonchain says the whale, with wallet addresses beginning with 0x12199 and 0xac218, […]

The post Whale Loses Over $8,430,000 After Capitulating on Ethereum and Two Additional Altcoins: On-Chain Data appeared first on The Daily Hodl.

Trump officially appoints Paul Atkins as SEC Chair

Ethereum fees hit lows while L2 capture users’ attention: IntoTheBlock

May 10, 2024 The Crypto Briefing

Arbitrum

Ethereum's L2 networks are transforming the blockchain's fee structure and spurring a new wave of economic activity.

The post Ethereum fees hit lows while L2 capture users’ attention: IntoTheBlock appeared first on Crypto Briefing.

Trump officially appoints Paul Atkins as SEC Chair

Optimism to roll out new Superchain features for layer-3 devs

May 9, 2024 Coin Telegraph

Coin Telegraph

The layer-2 Ethereum scaling provider wants to onboard developers to build layer-3 DApps on its Superchain.

Ethereum scaling solution provider Optimism is looking to take its blockchain throughput a step further by onboarding layer-3 applications on top of the OP Stack.

On May 8, the Optimism team said that they were welcoming layer-3s to the Superchain where they can build on the OP Stack and share revenue with the Optimism Collective.

The OP Stack is the open standard codebase that powers development on Superchain, but it “isn’t limited to L2 chain deployers and app builders,” said the team before adding “it can also be leveraged by an ecosystem of L3s.”

Trump officially appoints Paul Atkins as SEC Chair

As Crypto Prices and Sentiment Fall, One Analyst Says Bitcoin’s Back Slide Is Almost Over

May 2, 2024 The Daily Hodl

Altcoins

After a week of falling prices for crypto led by Bitcoin (BTC), a widely-followed analyst says the bottom is nearly in. Crypto trader Michaël van de Poppe warns his 715,600 followers on the social media platform X that it could still take some time for BTC to recover from falling nearly 7% in the last two weeks. […]

The post As Crypto Prices and Sentiment Fall, One Analyst Says Bitcoin’s Back Slide Is Almost Over appeared first on The Daily Hodl.

Optimism

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