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Post Ethereum (ETH) merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report. According to data, user behavior and historical analysis show multiple trends of rapid growth
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Weekly transactions on Arbitrum have soared over 555% since August. Crypto traders see huge potential for the ecosystem. Original Source
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"Lots of teams are making steady progress, but we're not ready for prime time by any means," he continued. "One team is claiming that there are 12 'days remaining to the first product-ready layer 2 EVM compatible zkRollup'. If you read the fine print though, their testnet still doesn't have
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“Merging with Offchain Labs made perfect sense to us as an Ethereum team because we develop software extensively in [the programming language] Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use,” Raul Jordan, the co-founder of Prysmatic Labs said
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Users wishing to participate in staking without losing liquidity have turned to liquid staking solutions like Lido, which take their ETH, stake it, and give them a stETH token in return. This token tends to trade around the price of ETH on the open market; it will eventually be exchangeable
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GMX price continues to show bullish strength as price increases on all timeframes, as there is no sign of retracement. GMX is one
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Se especula que el lanzamiento de un token para recompensar a los primeros usuarios podría estar cerca, dijo el informe. Original Source
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Ethereum’s large user and developer base “will continue to act as a feeder to rollups,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that they “expect a new growth cycle to emerge in crypto as rollups drive mainstream application building on Ethereum.” Original Source
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The threat was found in the way transactions are submitted and processed on the network, through a tool known as a bridge, which allows users to transfer tokens between different blockchains. Attacks on bridges have become one of the biggest security threats in crypto, accounting for almost $1 billion stolen
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A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty for their find.Known as riptide on Twitter, the hacker described the exploit as the use of an initializing function to set their own bridge
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