#layer-2 News

DeFi Major Aave (AAVE) to Build on Polygon’s Scalable Layer 2 Platform

April 1, 2021 by Wayne Jones at DeFi

The decentralized lending platform built on the Ethereum blockchain, Aave says that it will scale its DeFi platform beyond its blockchain by joining several sidechains, including Polygon. Aave Addresses Transaction Fees Block space supply today is scarce and limited, leading to the massive expansion of assets on the Ethereum blockchain....

Polkamarkets Partners with Polygon for Scaling Solutions

Polkamarkets (POLK) Partners with Polygon (MATIC) to Address Gas Fees Problems

March 9, 2021 by Dalmas Ngetich at Altcoins

Polkamarkets, a platform planning to launch gamified predictions market on the interoperable Polkadot, has partnered with Polygon, as per a press release on Mar 9. Polkamarkets to Leverage Polygon's Ethereum Compatibility Polygon, formerly Matic, is Ethereum compatible. It offers a scaling option for protocols that want to operate in a...

OKEx Rolls Out Bitcoin Lightning Support for Scalable Payments

February 2, 2021 by Anthonia Isichei at Bitcoin

Crypto exchange giant OKEx is the latest to integrate Bitcoin (BTC) scaling solution — Lightning Network (LN) — on its platform. The move comes following a significant resurgence in LN interest especially as BTC is experiencing massive adoption across the globe. OKEx Announces Lightning Network Support OKEx announced the news...

Reddit Partners with Ethereum Foundation to Build Scaling Tools

January 28, 2021 by Wayne Jones at Ethereum

Reddit is expanding its role in the Ethereum ecosystem to develop blockchain tools. Reddit Increasing Commitment to Blockchain On Wednesday, the social media platform announced that it is expanding its collaboration with the Ethereum Foundation to provide resources for developing scaling tools. In a statement posted on r/ethereum, a Reddit...

Trade Code: How to Determine Ethereum Arbitrage Opportunity Using Command Line On Cloud

Ethereum Weathers Market Correction, ETH/USD Can Reach $10,500

January 21, 2021 by Dalmas Ngetich at Ethereum

A Fundstrat Global Advisors LLC strategist, David Grider, predicts the Ethereum price to reach $10,500. This is a day after the second most valuable digital asset rose to all-time highs above $1.4k, Bloomberg reported on Jan 20. Ethereum Stands out In a note to clients on Wednesday, David said Ethereum...

Loopring DEX Debuts Gas Free L2-to-L1 Transactions

January 15, 2021 by Anthonia Isichei at News

Loopring, a decentralized exchange (DEX) platform has unveiled gasless transfers from Layer 2 (L2) to the Layer 1 (L1) environment. With Ether (ETH) fees prone to spiking during periods of peak activity, a lot of attention is moving towards L-2 adoption and allocating resources to sidechain protocols. Gas-free L2-to-L1 Transfers...

Synthetix (SNX) to Activate Layer-2 Staking

January 13, 2021 by Dalmas Ngetich at DeFi

In less than 24 hours, Synthetix, a DeFi protocol that allows trustless trading of derivatives called synths, will activate Castor and Layer-2 staking after trialing on the Goerli testnet since September 2020, a press release on Jan 13 reads. Castor Follows Shaula For Layer-2 Staking The activation is less than...

Average ETH Gas Fee Reached new ATH Amid Trading Surge

January 5, 2021 by Anthonia Isichei at Ethereum

With the price of ETH crossing the $1,000 mark for the first time since 2018, the average gas fee on the Ethereum network set a new all-time high (ATH) on Jan. 4. Ethereum Gas Fees Almost Touched $20 According to data from YCharts on Monday (Jan. 4, 2021), the average...

Ethereum Set to Shatter 2018 Cumulative Annual Gas Fee Record

July 21, 2020 by Osato Avan-Nomayo at Ethereum

Despite 2020 being only halfway done, the Ethereum blockchain is set to achieve a new annual gas payment record. USDT and DeFi Push Ethereum Gas Fees to New Heights According to Wilson Withiam — a researcher at crypto analytics platform Messari — the total gas payment recorded on the Ethereum...

A Privacy, Atomic Swaps and Scaling Solution implemented on Ethereum

Ethereum Welcomes Layer-2 Scaling Solution for Private Transactions and Atomic Swaps

July 20, 2020 by Dalmas Ngetich at Ethereum

After seven months, a Zero-Knowledge Proof Optimistic Rollup (Zkopru) implementation for Ethereum is ready for testing as per the latest update on July 19, 2020. The Layer-2 fraud-proof solution not only introduces privacy to ether, ERC-20, and ERC-721 transactions but also supports private atomic swaps. Zkopru Brings Privacy and Scaling to...

Layer 2 Scaling Solution Matic Network (MATIC) Reports 7,200 TPS on Testnet

July 15, 2020 by Aisshwarya Tiwari at Altcoins

Binance-backed Layer 2 scaling solution Matic Network (MATIC) reported 7,200 TPS during a recent stress testing of its Counter Stake CS-2008 testnet. Matic Network Reports Impressive Results An uninterrupted two-months long stress test brought encouraging results for Matic Network, a Layer 2 scaling solution that aims to enable Ethereum developers...

DeFi, Layer-2 Solutions to Pave Way for Ethereum Adoption

July 9, 2020 by Shaurya Malwa at Ethereum

Blockchain entrepreneur Tyler Smith tweeted this week on how the protocol is primed to see widespread technological progress this year; led by DeFi and layer-2 tech. dApps to Bolster ETH Tech Smith’s viral tweet talked about the various implementations and technical specifications coming to the world’s second-largest cryptocurrency in the...