Taiko’s TVL on L2 surged over 1,000%, reaching a record $81 million. Taiko’s daily transactions hit 5 million, marking new highs in Layer 2 Ethereum adoption. Taiko, a Layer 2 Ethereum network, has seen considerable growth over the last month. According to DeFiLlama, the Total Value Locked (TVL) on Taiko increased by more than 1,000%,…
Uniswap Labs has announced Unichain, its Ethereum Layer-2 solution aimed at streamlining the user experience for those leveraging its services. The organization specified that Unichain would be built as part of Optimism’s Superchain, designed specifically with decentralized finance in mind. Unichain aims to lower costs by 95% compared to using the Ethereum blockchain and to…
The layer two platform Linea has teamed up with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to offer developers a more secure and seamless environment for creating decentralized applications. This collaboration seeks to overcome common issues like cross-chain security and scalability. Linea Expands Ecosystem With Chainlink’s CCIP Linea, an Ethereum layer two (L2) network, recently shared news…
Stacks transforms Bitcoin with faster transactions and a decentralized ecosystem powered by sBTC. The Nakamoto Upgrade brings near-instant transactions, enhancing Stacks as a leading Bitcoin L2 solution. Stacks, a well-known Bitcoin Layer 2 (L2) solution, is quickly becoming a driving force in the Bitcoin economy. The platform’s success may be attributed to the work of…
This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and…
The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner extractable value (MEV) opportunities, and improves network resilience. Additionally, the upgrade prepares the network for the introduction of sbtc,…
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital…