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Ethereum layer-2 Scroll tips native token launch

The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.

Scroll is preparing to launch its native token, SCR, in what the Ethereum layer-2 (L2) network describes as its “first step toward decentralization.” 

On Oct. 22, Scroll plans to list SCR on Binance and airdrop the token among the network’s existing users, according to an Oct. 8 blog post.

According to Scroll, “SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.”

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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?

According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0.

Ethereum co-founder Vitalik Buterin stated on Sept. 12 that he will no longer consider a network a “layer 2” if it has not reached “Stage 1” by the end of the year.

“The era of rollups being glorified multisigs is coming to an end,” he stated, adding that “the era of cryptographic trust is upon us.” 

The question of whether a network is a layer 2 isn’t just a technicality for the Ethereum community.

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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

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

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.

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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Pyth Network, Aavo, Memecoin, and Starknet set for over $2 billion token unlock this month

May sees major token unlock event for crypto projects like Aavo, Pyth Network, Starknet with over $2 billion in tokens set to release.

The post Pyth Network, Aavo, Memecoin, and Starknet set for over $2 billion token unlock this month appeared first on Crypto Briefing.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge 

Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that […]

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK)

Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK)

Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK). Starknet kicked off its first token allocation on Tuesday. The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses. Eligible individuals and groups will have four months to claim […]

The post Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK) appeared first on The Daily Hodl.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Ethereum Layer-2 Starknet To Distribute Over 700,000,000 STRK Tokens Starting This Month

Ethereum Layer-2 Starknet To Distribute Over 700,000,000 STRK Tokens Starting This Month

The Ethereum (ETH) layer-2 scaling project Starknet plans to kick off its first token allocation this month. In a new announcement, the project notes it will distribute more than 700 million Starknet tokens (STRK) to nearly 1.3 million addresses starting on February 20th. Eligible individuals and groups will have four months to claim their tokens, […]

The post Ethereum Layer-2 Starknet To Distribute Over 700,000,000 STRK Tokens Starting This Month appeared first on The Daily Hodl.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Starknet to hand 10% of network fees to devs, with $3.5M in first distribution

The Devonomics initiative from the Starknet Foundation aims to return a portion of network fees to incentivize developers.

Layer-2 network StarkWare and the Starknet Foundation are set to distribute a 10% cut of network fees to developers, a part of a pilot program called “Devonomics.” 

In an announcement shared with Cointelegraph on Dec. 12, StarkWare CEO Uri Kolodny said it was allocating a portion of the network fees, provisionally 8%, to decentralized app builders and 2% to infrastructure engineers and core developers through a transparent and open voting process.

“It’s all about giving the hands-on builders a strong voice in shaping the network,” explained Kolodny.

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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024