layer 2


Markets

MATIC Surges 10% as Polygon's 2.0 Upgrade Draws Closer

Open interest for MATIC trading pairs has risen from $109 million to $160 million in the past 24 hours.

MATIC open interest (Coinalyze)

Finance

Coinbase's Base Prepares for Mainnet Launch With Slew of Security Audits

Base has engaged with over 100 external security researchers to test its forthcoming layer 2 blockchain.

Base completes security audits

Tech

Ethereum’s Layer 2 Teams Want You to Clone Their Code

By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.

Projects competing to become the dominant "layer 2" network atop Ethereum are now competing to become networks of networks. (Unsplash)

Web3

NFT Creation Platform Zora Launches Creator-Focused Layer 2

Zora Network aims to make minting on its platform "faster, cheaper and more enjoyable," according to a press release.

(Zora Network)

Tech

‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World

Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it's there on a different chain, will go live on Starknet soon.

Eli Ben-Sasson, Co-founder and CEO of StarkWare (StarkWare)

Tech

Ethereum Ecosystem Is Getting Busier, Not Quieter, Amid Layer 2 Shift

Many transactions are getting offloaded onto layer-2 blockchains, and those should be included in any analysis of the Ethereum ecosystem.

(José Martín Ramírez Carrasco/Unsplash)

Tech

Ethereum’s Buterin Releases Roadmap Addressing Scaling, Privacy, Wallet Security

In his blog post, Buterin says the network needs to address these components simultaneously; otherwise the blockchain could fail.

Vitalik Buterin shares a new blog post on Ethereum's roadmap to address scaling, privacy, and wallet security. (CoinDesk)

Tech

Arbitrum Temporarily Stopped Processing Due to Software Bug

The Ethereum layer 2 network went out of service for several hours due to a bug in the sequencer and a resulting transaction backlog that stressed the network. A fix was deployed and the network is now processing again.

(Danny Nelson/CoinDesk)

Tech

Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain

Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.

(David Mark/Pixabay)

Tech

Optimism 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'

The "Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network's goal of becoming a "Superchain."

OP Labs CEO Karl Floersch. (Optimism)