layer 2


Tech

Worldcoin, Sam Altman's Crypto Project, Is Building a Layer-2 Chain

The human-focused blockchain network will be based on the OP Stack, a framework for building Ethereum-based layer-2 chains.

Worldcoin's iris-scanning technology is being questioned by regulators (Danny Nelson/CoinDesk)

Tech

Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet

OKX's comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.

OKX Chief Marketing Officer Haider Rafique (OKX)

Tech

Alpen Labs Looks to Scale Bitcoin With Zero-Knowledge Proofs Using $10.6M Funding

Alpen Labs has emerged from stealth mode following the funding round, having spent the last year developing Bitcoin rollup infrastructure to bring smart contract functionality to the network

16:9 Alps mountains (Simon Fitall/Unsplash)

Finance

Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

Mezo is a permissionless Bitcoin economic layer that uses a neutral smart contract infrastructure to offer a wide range of applications.

(Shutterstock)

Markets

Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says

The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.

A rocket launching. (United Launch Alliance / U.S. Air Force)

Tech

The Protocol: Meme Coins (and Pepe's Best Friend) Swarm Coinbase Layer 2 Chain

The meme coin frenzy that drove up activity – and failed transactions – on Solana appears to have quickly migrated to Base, Coinbase's six-month-old layer-2 blockchain. Who is the blue-faced creature behind the $BRETT token?

(Alex Alvarez/Unsplash)

Markets

Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live

The rally in the MNT token pushed the market cap of the blockchain to over $4 billion.

Messari

Finance

BOB, a 'Hybrid' Layer-2 Blockchain Mixing Bitcoin and Ethereum, Raises $10M

The fundraising round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management

BOB team (BOB)

Tech

Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

The leading shared sequencer firm said it would further invest in its products as well as additional hires.

CEO of Espresso Systems Ben Fisch (Espresso Systems)

Tech

Coinbase's Base Chain Warns of 'Stuck' Transactions Amid Traffic Surge

Coinbase is warning users of high fees and slowdowns as traders flock to new Base meme coins.

Jesse Pollak, head of protocols at Coinbase (CoinDesk TV)