Advertising revenue keep this site going. We do not actively endorse ads served to us.
DYOR. Please use your due diligence while on this site.
We also do not get information from our visitors.

Optimism

cryptocurrency April 23, 2024

Share this article Advertisements URL Copied Advertisements Millions of dollars in crypto assets remain unclaimed in various bridge contracts, according to a recent report from Arkham Intelligence. As noted by the firm, DeFi whales, NFT collectors, and even prominent entities have left significant sums in these contracts, potentially unaware of their existence. GM There are […]

cryptocurrency December 28, 2023

Advertisements Use of Layer 2 solutions has risen in 2023. Leading platforms Optimism and Arbitrum closed the year with high network fees and revenue. Ethereum’s [ETH] network has grappled with scalability limitations for years. High transaction fees and network congestion have often prevented innovation and widespread adoption. For example, by May 2022, the average transaction […]

cryptocurrency August 19, 2023

Advertisements Increased L2 adoption has led to a jump in transaction count across Ethereum Mainnet and major optimistic rollups. Due to the launch of friend.tech, Base outperformed Optimism and Arbitrum last week. The transaction numbers between Ethereum [ETH] Mainnet and major optimistic rollups recently hit their second-highest value ever, IntoTheBlock noted in an 18 August […]

cryptocurrency July 2, 2023

In a recent community call, the team behind the Ethereum Name Service (ENS) revealed plans to adopt a Layer-2 platform in light of increasing gas fees on the mainnet. In response to this planned move, ENS prices climbed roughly 10%, floating higher with increasing trading volumes, evident in the daily chart. Advertisements The Ethereum Name Service […]

cryptocurrency May 28, 2023

Advertisements The hike in fees denotes a 5x increase from the value when the year began. Among all L2 projects, Arbitrum remains the one with the most market share.  Layer two (L2) solutions under the Ethereum [ETH] blockchain have sustainably gained traction as a means of addressing the network’s scalability and high transaction fees. As […]

cryptocurrency April 26, 2023

Advertisements About $4.23 billion worth of trades were settled on Arbitrum last week, as compared to $8.4 billion on Ethereum. The average number of transactions on all L2s has outpaced Ethereum mainnet transactions. Ethereum’s [ETH] decentralized exchange (DEX) volume dominance on the 90-day moving average fell in April for the first time since the end […]

cryptocurrency January 23, 2023

The Ethereum-Polygon ERC-20 bridge is the most active, data on January 23 reveals. Advertisements Polygon-Ethereum Bridge Dominant As of January 23, there were $2.18 billion of assets locked in the Ethereum-Polygon ERC-20 Bridge, almost twice the value of assets locked between the Ethereum and Arbitrum bridge which, at the time of writing, stood at $1.36 billion. […]

cryptocurrency September 26, 2022

Ethereum, the largest altcoin underwent the much-anticipated Merge that saw it transition into a Proof-of-Stake (PoS) consensus. Well, the mechanism has changed, but ETH continues to give mixed signals to traders. Advertisements Two sides of the same coin Despite being one of the most prominent blockchains, Ethereum’s biggest drawback was its extraordinarily high transaction costs. […]

cryptocurrency August 31, 2022

Ethereum Layer 2 solutions have witnessed a massive gain in traction and utility in 2021-22. TVL across L2 platforms went up by 130% (in ETH terms) since the beginning of this year. But two main platforms stood at the very front of this L2 leg race- Arbitrum and Optimism. Advertisements However, there might be a […]