Solana Blockchain Well Positioned to Reassert Itself as a Genuine Layer 1 Competitor: Coinbase
The fundamental value proposition of the Solana protocol persists from a technical perspective, the report said. Original Source
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Layer 1 Blockchain Canto’s Daily Active Addresses and Transactions Dips 89% in February
In face of the recent drop in network activity, Canto’s total value locked has held steady at $189 million. Source
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Layer 2 Network Arbitrum Surpasses Ethereum in Daily Transactions
Arbitrum’s dominance among the layer 2 landscape continues to grow in quarter one of 2023, as the number of unique addresses on Arbitrum reaches an all-time high. Source
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Bitcoin Layer 2 Stacks Network's STX Token Spikes 50% as 'Ordinals' Boom
Stack Network is a Bitcoin layer 2 for smart contracts aimed at unleashing the world's oldest blockchain's potential as a programmable platform. Source
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Arbitrum Surges Ahead as Ethereum’s Layer 2 Landscape Takes Shape
Arbitrum does not have a token, meaning it relied on the organic growth of its decentralized finance ecosystem to attract users to its platform. It is possible, though, that Arbitrum’s usage numbers have been inflated somewhat by bots designed to farm the platform’s yet-to-be-announced token. (When crypto protocols announce tokens,
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Fan Token Project Chiliz Rolls Out Layer 1 Blockchain, Token Surges 20%
Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer-1 blockchain. Source
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Crypto Wallet Security Layer Webacy Raises $4M
Investors in the round included Soma Capital, DG Daiwa Ventures, Quantstamp,, CEAS Investments, Dreamers, and Miraise, among others. Founded by Stanford alumnus and former Microsoft cybersecurity engineer Isogawa, San Francisco-based Webacy previously raised funds in an unannounced pre-seed round in late 2021. With the new round, the startup has raised
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Layer 2 Tokens Take Lead
The price of layer 2 network Optimism’s OP token has also surged over the past week. OP reached an all-time high of over $2.50 on Wednesday amid rising adoption of layer 2 networks. “People want layer 2 tokens, and they see layer 2 adoptions happening,” said Nick Hotz, vice president
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Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow
Optimism and other layer 2 scaling systems such as Arbitrum are supposed to make transactions on the Ethereum blockchain cheaper and faster. After Ethereum completes its EIP-4844 upgrade, also called proto-danksharding, later this year, it will make transaction fees on layer 2s even “an order of magnitude cheaper,” Marc Arjoon,
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Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High
Also: Most major cryptos were in the red, but Axie Infinity’s AXS token continued to rally. Equity indexes were flat. Original Source
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