To Redeem 5 usdt use my red gift card code BP6H9D8CUA or go on the URL:https://s.binance.com/VgANpoZ3🎉🚀 Exciting news in the world of Ethereum! The Blast layer-2 mainnet officially launched on February 29th at 9:00 pm UTC, unleashing a whopping $2.3 billion in previously staked crypto! 💰💥 Around $280 million made a grand entrance as the initial blast-off.🔥 What's even cooler? Blast offers users a chance to earn up to 5% annual percentage yield on Ether (ETH) and stablecoins stashed on the network! This yield is generated from staked ETH and United States Treasury Bills (T-Bills) managed by the awesome MakerDAO blockchain protocol.🔒 Before the mainnet launch, crypto sent to the network was locked up, leaving its 180,000 users unable to withdraw their funds. But fear not! The gates are now open, and users can finally access their funds. 🗝️💸📉 Blast's total value locked (TVL) skyrocketed to a staggering $2.27 billion on February 29th, but it has since dipped below $2 billion post-launch, according to DeFiLlama. Blast's TVL hit an all-time high of nearly $2.3 billion before settling at $1.99 billion after the launch.💥 The network hit a major milestone by surpassing the $2 billion TVL mark for the first time just days before the mainnet launch on February 27th.🎁 Airdrop enthusiasts are buzzing with excitement as they flock to the blockchain, hoping to score some sweet Blast tokens set to arrive in May.💥 But wait, there's drama too! Blast's launch has stirred up controversy, with Dan Robinson, research head at Blast seed investor Paradigm, expressing concerns about the timing and execution of the launch. Robinson believes that certain decisions made by Blast, such as launching the bridge before the L2 and restricting withdrawals for three months, could set a risky precedent for future projects.💔 Sadly, the network experienced its first alleged exit scam on February 26th when a gambling protocol named "Risk on Blast" vanished into thin air with 420 ETH — valued at around $1.25 million at the time — collected from users for its RISK presale token.📰 Magazine headline: "Ethereum Restaking: A Game-Changing Innovation or a Risky House of Cards?" 🃏🏠#TrendingTopic #Write2Earn #L2 #BTC $ETH

Binance has been actively involved in the rollups innovation by supporting projects that develop and implement rollup solutions.

Binance also offers a platform for users to trade cryptocurrencies that utilize these solutions, which can help to increase their adoption and usage. Additionally, Binance has developed its own blockchain, Binance Smart Chain, which includes support for rollup technology and can provide a scalable and efficient ecosystem for decentralized applications.

Optimistic rollups vs. ZK rollups

Rollups are a way to help blockchains handle lots of transactions without getting too slow or expensive. There are two kinds of rollups: optimistic and zero-knowledge. Optimistic ones are faster, but sometimes have mistakes that need to be fixed. Zero-knowledge ones are slower but more secure. Both kinds of rollups help make using blockchains easier and faster for everyone. As more people use blockchains, rollups will become even more important. Binance is working hard to improve its blockchain technology, including using rollups, to make it the best it can be.

#Binance #ZeroKnowledge #Optimistic #rollups #L2

The crypto market navigated choppy waters in Q2 2024. Despite the buzz surrounding Ethereum ETF approvals and Solana ETF filings, the overall market cap fell by 14%. Concerns about Mt. Gox repayments and government sell-offs dampened investor sentiment.
NFTs experienced a sharp decline, suggesting a potential cooling of the initial hype. Solana shined bright with a record number of transactions, affirming its rising prominence. DeFi activity remained resilient despite lower TVLs, showcasing the sector's enduring appeal. Gaming continued its upward trajectory, with BNB Chain, Ethereum, and Polygon leading the pack.
Bitcoin's dominance grew, likely bolstered by the launch of spot BTC ETFs. Venture funding increased, with infrastructure, AI, interoperability, and restaking attracting significant interest. The Fear & Greed Index remained in the neutral zone, reflecting market caution.
Layer-2 solutions like Arbitrum and Base gained traction, demonstrating their scalability and potential to drive further adoption. DeFi TVL stagnated, but restaking protocols continued to flourish, offering new yield opportunities. USDe gained popularity, highlighting the demand for stablecoin yields.
The NFT market cooled down, but Blur and Magic Eden maintained their dominant positions. Web3 gaming on BNB Chain continued to expand, with a wide array of games on offer. Gaming tokens, however, faced a significant downturn, raising questions about their long-term value proposition.
Overall, Q2 2024 painted a complex picture of the crypto market. While challenges persist, there are also pockets of growth and innovation. As we head into the latter half of the year, the crypto world is poised for further evolution, with new trends and developments likely to shape its trajectory.

#BinanceResearch #L2 #L2s #NFT​ #DeFi