Tag: Scaling

  • Sunflower Game Throws Wrench in Polygon’s Gears

    Sunflower Game Throws Wrench in Polygon’s Gears

    Fees on Ethereum scaling solution Polygon are surging to record highs. The cause? A game. Polygon gas prices spiked to an all-time high of a 410 Gwei average. That’s nearly twice as much as the previous high of 226 posted on Dec. 4, according to Polygon’s block explorer. 

  • Metis Joins Ethereum Layer 2 Race With $100M Ecosystem Fund

    Metis Joins Ethereum Layer 2 Race With $100M Ecosystem Fund

    Metis is joining the fray, where Arbitrum and Optimism have so far ruled. The project is set to launch its mainnet the week of Nov. 15 and is also launching a $100M fund, which Metis describes as a “decentralized autonomous company” (DAC), called Genesi, to support projects which join its ecosystem. 

  • Polygon Hikes its Minimum Gas Price by 30x in Bid to Foil Spammers

    Polygon Hikes its Minimum Gas Price by 30x in Bid to Foil Spammers

    Polygon, the sixth-largest blockchain by assets locked, is increasing the minimum gas price for transactions on its network by a factor of 30. The move comes as the network recently surpassed Ethereum in terms of Daily Active Addresses and is intended to reduce the number of spam transactions on the network. There have been increasing […]

  • Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage

    Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage

    Arbitrum experienced what its team is describing as an “outage” this morning, according to a Tweet posted by its main account at 10:43 AM New York time. The downtime happened to coincide with a similar loss of performance on the Solana blockchain.  Arbitrum is an optimistic roll-up chain built to support the Ethereum blockchain, developed […]

  • Arbitrum Launches with Full DeFi Ecosystem Locked and Loaded

    Arbitrum Launches with Full DeFi Ecosystem Locked and Loaded

    Arbitrum, one of the most awaited Ethereum scaling solutions, has attracted $2.9M on its first day after launch, becoming the 11th largest so-called Layer 2 platform, according to L2BEAT. Offchain Labs, a blockchain software maker, launched Arbitrum on Aug. 31 with the promise to offer  lower fees and faster transactions. So far, it’s delivering: ETH […]

  • Hop Drops on Mainnet: A Protocol for Interoperability Across Scaling Solutions

    Hop Drops on Mainnet: A Protocol for Interoperability Across Scaling Solutions

    As yields and prices cool, dampening down dreams of another DeFi summer, the hope of a Layer 2 version of the season has emerged. Pushing the dream forward is Hop Protocol, a project which allows users to “hop” across scaling solutions has launched on the Ethereum mainnet.  Hop, which works with protocols compatible with the […]

  • Polygon’s Rise Comes with Increased Scrutiny of the Scaling Solution’s Security

    Polygon’s Rise Comes with Increased Scrutiny of the Scaling Solution’s Security

    Polygon, which in the past month soared to become the most popular Ethereum scaling solution, is coming under fire as critics say it is too centralized to be considered secure.  Ethereum scaling solutions are crucial for decentralized finance to continue to grow, as using dapps directly on the network is becoming prohibitively expensive. Scaling solutions […]

  • Curve Finance Launches on Layer 2 Solution Polygon

    Slowly then all at once. DeFi projects’ moves to Ethereum Layer 2s are coming weekly now with Curve Finance joining Polymarket and Aave in the quest for scalability. Curve has launched a pool on Polygon, the Layer 2 network which supports multiple interoperable solutions like a Proof-of-Stake chain and a Plasma chain. The pool hosts […]

  • dYdX Launches Layer 2 Perpetuals Powered by StarkWare

    dYdX  launched its cross-margined perpetuals product on a Layer 2 scaling solution powered by blockchain software developer StarkWare.  The move is significant as it highlights how some of Ethereum’s most well-known DeFi projects are migrating to scaling solutions amid rising gas costs to operate directly on Ethereum’s Layer 1. $10M Trading Volume StarkWare co-founder and […]

  • The State of Layer 2 With Ethereum Scaling is at Stake

    The State of Layer 2 With Ethereum Scaling is at Stake

    With transactions in the several hundreds of dollars and the chain’s blocks perpetually filled as competitors inch in, it’s not an overstatement to say the future of Ethereum depends on scaling solutions known as Layer 2s.  Layer 2 (L2) is a term for technologies which take Ethereum transactions off its main chain, enabling the network’s […]

  • dYdX is Latest Major DeFi Project to Move to L2

    dYdX is Latest Major DeFi Project to Move to L2

    Trading Ethereum-based assets is about to get cheaper. Decentralized exchange dYdX is moving its perpetual derivatives trading off the Ethereum main chain to a Layer 2 scaling solution.  dYdX, the 7th largest DEX by volume, is moving its cross-margined perpetuals contracts to a Layer 2 protocol built over the past seven months together with StarkWare, […]

  • Synthetix Introduces Layer 2 Staking on Optimism

    Things are hopefully about to speed up and get cheaper in Ethereum land, as Synthetix, the synthetic asset issuance protocol, deployed its staking code from Ethereum to Optimism, a Layer 2 scaling solution on Jan. 15.  Now, users can migrate their Synthetix Network Tokens (SNX), used to mint the protocol’s synthetic assets, to Optimistic Ethereum’s […]

  • Coinbase on Layer 2 is Latest in Ethereum Scaling Boom

    Coinbase on Layer 2 is Latest in Ethereum Scaling Boom

    There’s been an explosion of Ethereum scaling developments this past week, with the latest and arguably biggest one announced yesterday: Coinbase Wallet is integrating with Optimism’s Optimistic Rollup testnet. Coinbase Wallet is the US exchange’s non-custodial wallet and dapp browser (not the exchange itself) and the integration will allow users to view their balances and […]