1 / 1 Relevant items tagged with #Arbitrum
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L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31
[Aug 7 7:30 AM] On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year…
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users
[Jul 7 8:30 PM] The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and…
Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
[Jul 3 5:30 AM] On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas…
Layer-2 adoption could spur the next crypto turning point
[May 23 6:04 AM] A mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months.
Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
[May 8 9:00 PM] The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi…
Reddit Seeks Senior Engineer for Platform That Features ‘NFT-Backed Digital Goods’
[Oct 25, 2021 5:30 AM] On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help…
Arbitrum extends lead over Optimism as Uniswap posts record volume on L2
[Oct 19, 2021 3:51 AM] DeFi users appear to be choosing Arbitrum over Optimism for scaling as Uniswap’s layer-two volume presses into record highs.
Wormhole Adds Binance Smart Chain Support to Network Bridge
[Oct 12, 2021 4:00 AM] During the first week of September, the Wormhole Network’s ethereum solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT)…
Optimism Will Roll Out Single-Click Launch For Ethereum Projects
[Sep 20, 2021 9:00 PM] Many layer 2 solutions are competing on being the most active in developments. Amid these scaling solutions in Optimism, and given its latest announcement, it will soon enable developers to launch DApps with just a single click of a button…
Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion
[Sep 18, 2021 8:30 PM] In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On…
Solana and Arbitrum knocked offline while Ethereum evades attack
[Sep 15, 2021 1:52 AM] Solana’s validators are preparing a new release after the network was brought down by a sudden surge in transaction volume while Ethereum has evaded a malicious attack.
As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise
[Sep 14, 2021 7:30 PM] Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that…
Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% Cheaper
[Sep 13, 2021 1:30 PM] At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20…
Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN
[Sep 13, 2021 4:23 AM] More than $1 billion worth of Ether is still locked in the ArbiNYAN yield farm despite the price of its native token crashing more than 90% in 24 hours.
Arbitrum Surpasses $1.5 Billion in TVL Following Rumors of a Possible Token Airdrop
[Sep 12, 2021 6:30 PM] Arbitrum, a second layer expansion rollup for Ethereum, has breached the $1.5 billion of total value locked (TVL) in protocols using its services. The smart contract recorded an influx of more than 1 billion just today after a rumor started in…
Ethereum layer-twos reportedly processing more transactions than BTC
[Sep 7, 2021 5:01 AM] With an average gas cost of $40, it is no surprise that layer-two platforms are surging in terms of usage.
Crypto derivatives protocol SynFutures to deploy on layer-2 Ethereum solution Arbitrum
[Sep 2, 2021 9:19 PM] SynFutures, a crypto derivatives trading protocol, today announced that it will deploy its protocol on Arbitrum, an Ethereum layer-2 scaling protocol. With the announcement, SynFutures will become the first DeFi derivatives project to be deployed…
Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million
[Sep 2, 2021 6:00 AM] On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2…
Dex Aggregator 1inch to Utilize Ethereum Scaling Solution Optimism
[Aug 18, 2021 11:30 PM] On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially…
Chainlink launches data oracles on Arbitrum One's Ethereum scaling solution
[Aug 13, 2021 3:58 AM] Chainlink’s data oracles are now live on Arbitrum One, with the team also planning to soon launch its Proof of Reserve and Verifiable Random Function on the layer-two.
Reddit Chooses to Leverage Arbitrum’s Layer-2 Tech With Community Point ETH-Based Tokens
[Jul 23, 2021 5:30 PM] On July 22, developers working on the platform Reddit, the social news discussion aggregation forum, revealed that the team was scaling Reddit’s community points program with the Ethereum Layer-2 solution Arbitrum. Currently, Reddit…
Ethereum-based Gnosis Safe expands to Polygon, Arbitrum and BSC to enable more efficient DAOs
[Jul 13, 2021 10:38 AM] Gnosis Safe, a platform for managing digital assets on Ethereum, today launched on EVM-compatible networks Polygon, Arbitrum, and Binance Smart Chain (BSC), as part of its multi-chain layer-2 rollout. The deployment aims to tackle Ethereum’s…
Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai
[Jul 13, 2021 4:03 AM] Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks.
Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism
[May 27, 2021 4:10 AM] Uniswap is now planning layer-two deployments on both Arbitrum and Optimism.
