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Polygon Uses Zero-Knowledge Proofs in New  Ethereum Virtual Machine Rollup

Polygon Uses Zero-Knowledge Proofs in New Ethereum Virtual Machine Rollup

Polygon has brought out an EVN-compatible rollup that uses Zero-knowledge proofs.
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Metis Joins Ethereum Layer 2 Race With $100M Ecosystem Fund

Metis Joins Ethereum Layer 2 Race With $100M Ecosystem Fund

Metis is joining the fray, where Arbitrum and Optimism have so far ruled. The project is set to launch its mainnet the week of Nov. 15 and is also launching a $100M fund, which Metis describes as a “decentralized autonomous company” (DAC), called Genesi, to support projects which join its ecosystem. 
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Layer 1s Better Watch Their Backs as L2s Surge in TVL

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 make Ethereum transactions more affordable and faster by executing them…
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Upstart Project Helps Drive Up Arbitrum’s TVL 17 Times to $2.2B

Upstart Project Helps Drive Up Arbitrum’s TVL 17 Times to $2.2B

Arbitrum, a Layer 2 which pushes Ethereum transactions onto a sidechain to enhance performance, is on fire.  In the last five days, Arbitrum’s total value locked has multiplied 17 times, shooting to $2.2B on Sept. 14 from $126M on Sept. 9, according to data provider L2BEAT. Arbitrum has more than 70% of the total L2…
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Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage

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 optimistic roll-up chain built to support the Ethereum blockchain, developed…
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Arbitrum Launches with Full DeFi Ecosystem Locked and Loaded

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  lower fees and faster transactions. So far, it’s delivering: ETH…
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Lyra Plunges into Layer 2 Options Pool with Offering for Hedge Hungry Investors

Lyra Plunges into Layer 2 Options Pool with Offering for Hedge Hungry Investors

With the market for Layer 1 tokens such as AVAX red hot this month, it would be easy to overlook a development on the Layer 2 side of the DeFi universe. Yet three days ago Lyra, a cryptocurrency options platform, released a new offering that will let investors trade on Layer 2, a catch-all term…
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Inside the Data Driving Axie Infinity's Torrid Growth

Inside the Data Driving Axie Infinity's Torrid Growth

On-Chain Markets Update by Juan Pellicer, IntoTheBlock Axie Infinity has recorded unprecedented growth in the crypto space. This week the data confirmed that it surpassed more than $1 billion in sales and the equally spectacular achievement of one million daily users. Where is the limit for Axie Infinity? Will play-to-earn help to expand crypto adoption…
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Sushi Won't Launch on L2 Optimism, Citing Preferential Treatment of Uniswap

Sushi Won't Launch on L2 Optimism, Citing Preferential Treatment of Uniswap

Sushi is drawing back from plans to deploy on Optimism after a dispute over the Ethereum L2 solution’s launch process. On August 11, SushiSwap CTO Joseph Delong announced that Sushi would be taking a wait-and-see approach to deploying on Optimism due to what he described as “non-preferential treatment.” According to Delong, Sushi had already deployed…
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Insanely Fast. Insanely Cheap – Uniswap on Optimism is SICK

Insanely Fast. Insanely Cheap – Uniswap on Optimism is SICK

Uniswap V3 has launched on Optimism. This is wild. It’s pretty fast to get over there but it takes a week to come back so be aware of that.