L2s deploying on top of the solution will leverage Babylon’s Bitcoin staking layer for security.

The Solana community has long been antagonistic towards Layer 2 scaling.

Governance is designed around three core pillars: token assembly, a security council, and guardians.

The blockchain is built using an implementation of the Solana virtual machine, but settles transactions to Ethereum.

Onlookers are unhappy with Fractal pre-mining 50% of its FB token’s supply.

Movement Labs said its new postconfirmation finalization mechanism could unlock new DeFi applications.

Base and Taiko are driving nearly 6.5 million daily transactions combined.

Soneium wants to foster projects targeting the DeFi, NFT, gaming, and social sectors.

Ozean offers an optional compliance layer, native stablecoin backed by U.S. treasury assets, and real-world asset liquidity layer.

The Layer 2’s metrics are in free fall as airdrop farmers leave the ecosystem en masse.