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The State of Layer 2 With Ethereum Scaling is at Stake

The State of Layer 2 With Ethereum Scaling is at Stake

With transactions in the several hundreds of dollars and the chain’s blocks perpetually filled as competitors inch in, it’s not an overstatement to say the future of Ethereum depends on scaling solutions known as Layer 2s.  Layer 2 (L2) is a term for technologies which take Ethereum transactions off its main chain, enabling the network’s…
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dYdX is Latest Major DeFi Project to Move to L2

dYdX is Latest Major DeFi Project to Move to L2

Trading Ethereum-based assets is about to get cheaper. Decentralized exchange dYdX is moving its perpetual derivatives trading off the Ethereum main chain to a Layer 2 scaling solution.  dYdX, the 7th largest DEX by volume, is moving its cross-margined perpetuals contracts to a Layer 2 protocol built over the past seven months together with StarkWare,…
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Aave’s aTokens are Latest DeFi Lego Heading to Layer 2

Aave’s aTokens are Latest DeFi Lego Heading to Layer 2

Hot on the heels of Synthetix’s launch of staking services on Layer 2 provider Optimism, Aave has shipped its own iteration of a scaling solution. With the launch, Aave’s aTokens, minted when users deposit digital assets into the lending protocol, can now be ported to the Matic Network, a version of the Layer 2 solution,…