Tag Archives: Layer 2

The trading period in 2023 was marked by a significant rise in the demand for and usage of Ethereum scaling solutions. 

Layer 2 solutions experience a revenue surge amid growing interest in crypto. Will this trajectory last?

As activity resumes on Friend.tech, network fees and revenue have grown back to August highs.

Starknet’s much-awaited v0.12.0 upgrade, also called “Quantum Leap,” intended a 10x increase in transaction throughput.

Cardano begins its sojourn into the Layer 2 world as it launches its first Hydra head to increase the network’s scalability and transaction speeds.

Arbitrum and Optimism both appear to lead the way for growth in the L2 sector. However, the interest in their tokens continued to decline.

Optimism’s development activity surged to its highest level since the start of 2023. The daily transaction volume in profit tripled over the past 10 days. On 28 February, popular layer-2 scaling solution Optimism [OP] shared an update about its upcoming hard fork in March. The tweet was optimistic that there will be no downtime forContinue reading “Optimism: Will March update give OP its much-awaited bull run?”

Optimism’s weekly growth in DEX trading volume was the highest among major chains. The daily active users on the chain almost tripled over the past four days. Optimism [OP] recorded notable growth in the trading activity of decentralized exchanges (DEXs) on its chain. As per a tweet, Optimism DEXs generated $203.89 million in volume overContinue reading “Optimism displays bullishness as major announcements uplift trading activity”

Coinbase has launched the testnet version of a new Ethereum L2 network – Base The L2 network has been deployed on the OP Stack codebase, giving a push to OP’s price on the market Coinbase, a leading US-based crypto exchange, announced the testnet launch of a new Ethereum layer-2 network – Base. The L2 networkContinue reading “Coinbase unveils new Ethereum L2 network powered by Optimism”

Arbitrum’s daily transactions reached a new all-time high. Consequently, revenue generated by the platform increased. Over the past few days, there has been an air of optimism in the crypto space. Arbitrum managed to cash in on this sentiment. According to new data, Arbitrum has reached a new all-time high in terms of the numberContinue reading “Arbitrum breaks its own record, but what’s the reason for the same?”

Optimism witnessed a rise in the number of transactions being made on the network  Optimism was also witnessing significant growth on other fronts  As per a recent development, the combined transactions on Arbitrum and Optimism were getting closer to the overall transactions being made on Ethereum [ETH]. One of the reasons for the same wouldContinue reading “Optimism could stay true to its name thanks to these developments of 2023”

Optimism’s TVL and revenue declined, though the gas fees used on the platform increased. The velocity and network growth of Optimism plummeted. According to a tweet on 1 January, it was observed that Arbitrum managed to out-compete other L2s, such as Polygon and Optimism in terms of TVL. However, Optimism still managed to dominate theContinue reading “Arbitrum outperforms Optimism in this key area; can OP stay true to its name?”