ZkSync’s Crash: Active Users Drop 80% as Matter Labs Slashes Workforce by 16%
TL;DR Matter Labs reduces its workforce by 16% due to decreased demand for its ZKsync Era protocol. ZKsync’s activity has dropped from over 455,000 active addresses
layer 2 (Latest Publications)
Layer 2 Networks Strain Ethereum’s Blob Space: A New Bottleneck on the Horizon?
TL;DR Layer 2 chains on Ethereum are facing issues due to the increasing demand for blob space in blocks, which could drive up transaction costs. Arbitrum
Starknet’s New Parallel Execution Feature: What It Means for the Evolution of Layer 2 Chains
TL;DR Starknet releases version 0.13.2 with two key innovations: parallel execution and block packing. Parallel execution allows processing multiple transactions simultaneously, reducing confirmation times and latency.
Sony’s Soneium Launches Minato Testnet and Spark Program
TL;DR Sony launches Soneium Minato testnet, an Ethereum Layer-2 blockchain, to enhance scalability and efficiency for decentralized applications (dApps) with faster transactions and lower gas fees.
STX Gains Momentum Ahead of Stacks’ Nakamoto Upgrade – What to Expect
TL;DR Stacks is preparing for the Nakamoto upgrade, which is set to begin this week and promises to revolutionize transaction efficiency on the Bitcoin layer-2 network.
Sony Launches Soneium—The Ethereum-Based Blockchain That Could Redefine Web3
TL;DR Sony Group and Startale Labs have launched Soneium, an Ethereum Layer-2 blockchain, to accelerate Web3 adoption and create a decentralized internet. Soneium leverages Ethereum’s security and decentralization
Status Becomes First to Power Linea’s Groundbreaking L2 Rollup Project
TL;DR Status Network becomes the first contributor to Linea’s open-source L2 rollup project, advancing Ethereum’s decentralization and transparency. The collaboration will enable SNT to operate a
Introducing Basenames on Base: ENS Subnames Now Available Through Dutch Auction
TL;DR Simplified Wallet Addresses: Coinbase’s Base network introduces “Basenames” using ENS to convert complex wallet addresses into easy-to-remember names, enhancing user interaction. Fair Dutch Auction: Basenames
Shiba Inu Team Announces Official Launch Date for Shibarium Liquid Staking
TL;DR Launch Date Announced: Shiba Inu’s marketing lead, Lucie, announced that liquid staking on the Shibarium network will officially launch on September 18, 2024. Liquid Staking
Bitcoin Scaling Developers Release Whitepaper on BitVM2 and Updated BitVM Bridge
TL;DR BitVM2 Enhancements: The new BitVM2 framework significantly reduces the number of transactions needed for verification from 70 to just 3, making Bitcoin transactions more efficient
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