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The Ethereum (ETH) ecosystem could welcome a variety of new layer 2 (L2) protocols built on Polygon’s newly open sourced codebase Chain Development Kit, which harnesses zero-knowledge proof (ZK-proof) technology to ensure security and fast finality.Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cryptox exclusively about the new
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PancakeSwap, a leading decentralized finance (DeFi) platform, has officially launched its anticipated Version 3 (V3) on the Linea Mainnet. According to the announcement,
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PancakeSwap is already available on Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era and Arbitrum. The deployment follows a successful testnet phase, and traders can now use the service to trade tokens at lower fees and improved capital efficiency. Source
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Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and Optimism Source
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"Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer," Tether said in the announcement. Source
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Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull. PeckShield reported in a
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On March 16, the protocol designed to offer scalable and low-cost smart contract capabilities will "cliff unlock" 1.11 billion ARB tokens worth $1.24 billion at the going market rate of $1.12. The amount to be released equates to 87% of the token's circulating supply of 1.275 billion. At press time,
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A grayed-out "airdrop" icon at the top of the Friend.Tech app suggests the platform will release a token. Source
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Coinbase (COIN), the large publicly traded U.S. crypto exchange, said its new Base blockchain, a "layer 2 network," has gone live, heralding the start of a new era of public companies running their own distributed networks. Base was already live for testing by developers, and it became open to the
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SEI's circulating supply upon listing will be 1.8 billion or 18% of the total supply of 10 billion, per Binance. So, at an early price of 26 cents, the cryptocurrency will have a market cap of $486 million and rank among the top 100 cryptocurrencies. As of now, SEI is
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