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Layer 2

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,…
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,…