With an average gas cost of $40, it is no surprise that layer-two platforms are surging in terms of usage. Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings.…
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Scalability is a hot investment as VCs and retail pour into rollup and sidechain solutions As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others. The…
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Band, Loopring and Cream aim to increase their DeFi market share by building new partnerships and offering solutions that address fees, lending and price discovery. The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to…
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The tokens of protocols offering attractive trading products and services have benefited from the bullish sentiment surrounding Bitcoin’s rally to multi-year highs. Bitcoin price may have taken a temporary breather but the sharp correction below $30,000 did little to dismay the bullish sentiment of crypto market participants. The CME Bitcoin futures market reached an all-time…
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DeversiFi and Loopring partner up to improve scalability solutions based on layer two technology. Layer two decentralized exchanges Loopring and DeversiFi are joining forces by forming a committee dedicated to promoting usage of layer two solutions, named “L2 Squared” or just L². Announced on Monday, the alliance wants to ease the transition for users into…
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DeFi is booming again but experts caution that mainstreaming won’t occur without decentralized exchanges integrating layer 2 options. The rapid growth of the decentralized finance sector (DeFi) took a shock after the recent 17.5% drop in Bitcoin (BTC) price. However, it is likely that the DeFi sector will continue to grow as Bitcoin recovers, especially…
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