Polygon’s token is rising the most among all cryptocurrencies in the past 24 hours, while assets in its networks spike. The activity is a sign an increasing number of users are betting the project will become a leading Ethereum scaling solution.  Polygon’s MATIC token is up more than 30% just in the past day, the…

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…

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…

Uniswap has mapped out what is perhaps the most anticipated DeFi product launch of the year with its post introducing its version three (V3) iteration.  The team confirmed what many hoped: following a targeted May 5th launch, a deployment to Optimism’s Layer 2 scaling solutionis “set to follow shortly after.”  As Uniswap trades currently cost…

MakerDAO will soon launch a feature which may solve the biggest UX hangup of the Optimistic layer 2 (L2) scaling solution. The feature will allow users to move not only DAI, but eventually any Ethereum asset, off Optimism and to layer 1 (L1) within minutes. Considering the previous withdrawal wait period of one week, the…

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…

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,…

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,…