Slowly then all at once. DeFi projects’ moves to Ethereum Layer 2s are coming weekly now with Curve Finance joining Polymarket and Aave in the quest for scalability. Curve has launched a pool on Polygon, the Layer 2 network which supports multiple interoperable solutions like a Proof-of-Stake chain and a Plasma chain. The pool hosts …
Curve Finance Launches on Layer 2 Solution Polygon Read More »
zkSync introduced an Ethereum Layer 2 solution called zkPorter yesterday promising to push the blockchain’s transactions per second (TPS) capabilities to over 20,000. This would put Ethereum within striking distance of Visa, which says its network can handle 24,000 TPS. “To bring true scalability, we need an exponential gain in throughput,” the team wrote in …
zkPorter Promises to Bring 20,000 TPS to Ethereum Read More »
Immutable X, an NFT-focused layer 2 solution on Ethereum from the team behind the NFT trading card game Gods Unchained, has launched a test version of the network. Gods Unchained players have exclusive access for the time being. Immutable X offers gas-free NFT minting, trading, and collecting, as well as near-instant transaction times. Immutable X …
NFT Focused Layer 2 Immutable X Launches Alpha Version Read More »
dYdX launched its cross-margined perpetuals product on a Layer 2 scaling solution powered by blockchain software developer StarkWare. The move is significant as it highlights how some of Ethereum’s most well-known DeFi projects are migrating to scaling solutions amid rising gas costs to operate directly on Ethereum’s Layer 1. $10M Trading Volume StarkWare co-founder and …
dYdX Launches Layer 2 Perpetuals Powered by StarkWare Read More »
Aave, DeFi’s third-largest protocol by assets in its smart contracts, will be expanding onto the Polygon network as it aims to improve scalability. Need for Scalability Consistently high gas fees, while indicative of Ethereum’s growing success and adoption, have the downside of pricing out smaller investors, Aave said in a March 31 blog post. In …
