Thursday, February 27, 2025
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Manta Network developer raises $25M in Series A, launches layer 2 for ZK apps

P0x Labs, the cryptographic development team behind Manta Network, has announced that it raised $25 million in a Series A funding round, with leading contributions from Polychain Capital and Qiming Venture Partners. The funding gives the company a $500 million valuation.Additionally, Manta Network has introduced the testnet of its layer-2

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BobaBNB, a BNB Chain layer- 2 platform, processes over 3 million transactions in May

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BobaBNB, a layer-2 scaling solution for the BNB chain, processed over 3 million transactions in May 2023, setting a new record. The surge is primarily attributed to ROVI. ROVI spurs adoption BobaBNB With more than 3 million transactions processed

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Syscoin Developer Launches Ethereum-Compatible Layer 2 Network Secured by Bitcoin Miners

Rollups like Optimism, Arbitrum and zkSync have profilerated atop Ethereum, notorious for its sometimes exorbitant fees, as a means of avoiding congestion. Bitcoin (BTC) is the original and largest blockchain and is considered the most secure, but lacks Ethereum’s programmability via smart contracts. Source

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