Layer 1s Better Watch Their Backs as L2s Surge in TVL

Smart contract platforms — Terra, Solana and Avalanche, to name a few — had a summer to remember. Terra’s LUNA rocketed 421% between June 1 and Sept. 30 and its fellow Layer 1s (L1s) Avalanche and Solana also delivered triple-digit returns.  Now Layer 2s (L2s), which

polygon hike

Polygon Hikes its Minimum Gas Price by 30x in Bid to Foil Spammers

Polygon, the sixth-largest blockchain by assets locked, is increasing the minimum gas price for transactions on its network by a factor of 30. The move comes as the network recently surpassed Ethereum in terms of Daily Active Addresses and is intended to reduce the number

arbitrum down

Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage

Arbitrum experienced what its team is describing as an “outage” this morning, according to a Tweet posted by its main account at 10:43 AM New York time. The downtime happened to coincide with a similar loss of performance on the Solana blockchain.  Arbitrum is an


Arbitrum Launches with Full DeFi Ecosystem Locked and Loaded

Arbitrum, one of the most awaited Ethereum scaling solutions, has attracted $2.9M on its first day after launch, becoming the 11th largest so-called Layer 2 platform, according to L2BEAT. Offchain Labs, a blockchain software maker, launched Arbitrum on Aug. 31 with the promise to offer 


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