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Comprehensive Analysis of Movement (MOVE): Opportunities and Challenges
Movement (MOVE) is an interesting project in the world of cryptocurrencies, especially since it offers innovative solutions based on the Ethereum network. Based on the available data and charts, we will highlight the positive and negative aspects of this coin for investors and speculators.
$MOVE Overview
Current price: $1.1204.
$MOVE Overview
Current price: $1.1204.
👑 Summary of Selected Articles from CoinRank.io Official Website
1️⃣ #Japanese Government Statement: The Japanese government has stated that it is still unfamiliar with the Bitcoin reserve plans of other countries and does not plan to include Bitcoin in its reserves due to its high volatility.
2️⃣ #STARKNET Bridge Volume: Starknet’s total bridge volume (TVB) has reached 960,331 ETH, with over 1.2 million bridging addresses.
• Starknet is a #Layer2 scaling solution built on Ethereum that utilizes Zero-Knowledge Proof technology to enhance transaction throughput.
3️⃣ BT Merge Announcement: BT has announced the merge of BT Wallet Token (BWB) with BT Token (BGB), effective December 27, 2024.
• The merge will replace BWB with BGB, and users will receive BGB tokens proportionally based on their BWB holdings.
• The total supply of BGB will remain unaffected by the merge, and no new tokens will be issued to users
1️⃣ #Japanese Government Statement: The Japanese government has stated that it is still unfamiliar with the Bitcoin reserve plans of other countries and does not plan to include Bitcoin in its reserves due to its high volatility.
2️⃣ #STARKNET Bridge Volume: Starknet’s total bridge volume (TVB) has reached 960,331 ETH, with over 1.2 million bridging addresses.
• Starknet is a #Layer2 scaling solution built on Ethereum that utilizes Zero-Knowledge Proof technology to enhance transaction throughput.
3️⃣ BT Merge Announcement: BT has announced the merge of BT Wallet Token (BWB) with BT Token (BGB), effective December 27, 2024.
• The merge will replace BWB with BGB, and users will receive BGB tokens proportionally based on their BWB holdings.
• The total supply of BGB will remain unaffected by the merge, and no new tokens will be issued to users
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(P.2) Understanding Layer 1 and Layer 2 Blockchain: Differences and Typical Examples
The difference between Layer 1 and Layer 2
1. Structure and Function:
Layer 1 is the foundational blockchain network where all transactions are processed and confirmed. Each Layer 1 blockchain like Ethereum, Bitcoin, or Solana has its own consensus mechanisms to ensure security and decentralization.
Layer 2 is an extension layer that operates above Layer 1, aimed at offloading the main blockchain and improving transaction speeds. Layer 2 solutions do not fundamentally change Layer 1 but simply add tools to process transactions more efficiently.
1. Structure and Function:
Layer 1 is the foundational blockchain network where all transactions are processed and confirmed. Each Layer 1 blockchain like Ethereum, Bitcoin, or Solana has its own consensus mechanisms to ensure security and decentralization.
Layer 2 is an extension layer that operates above Layer 1, aimed at offloading the main blockchain and improving transaction speeds. Layer 2 solutions do not fundamentally change Layer 1 but simply add tools to process transactions more efficiently.
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(P.1) Understanding Layer 1 and Layer 2 Blockchains: The Differences and Typical Examples
In the world of blockchain, the two terms Layer 1 and Layer 2 have become familiar concepts, especially when we talk about improving scalability, transaction speed, and efficiency of blockchain systems.
So what are Layer 1 and Layer 2 blockchains? And why is the difference between them important in building modern blockchain platforms?
Layer 1 Blockchain - The main infrastructure of the network
So what are Layer 1 and Layer 2 blockchains? And why is the difference between them important in building modern blockchain platforms?
Layer 1 Blockchain - The main infrastructure of the network
🔥$CELR / USDT Making Waves! 🔥
Celer Network ( $CELR ) is seeing an explosive surge, up +19.13% in the past 24 hours!
Current Price: $0.0225424h High: $0.0228324h Low: $0.0183924h Volume (CELR): 274.06MMoving Averages (MA):MA(7): $0.02245MA(25): $0.02135MA(99): $0.02003
CELR is showing robust bullish momentum with a sharp uptrend in the 15-minute timeframe. After breaking past resistance at $0.02167, the price continues to hold strong near its peak!
📈 With significant volume and steady support, CELR could be gearing up for further gains. Is this the breakout you've been waiting for?
#Binance #CELR #CryptoTrading #Layer2
Celer Network ( $CELR ) is seeing an explosive surge, up +19.13% in the past 24 hours!
Current Price: $0.0225424h High: $0.0228324h Low: $0.0183924h Volume (CELR): 274.06MMoving Averages (MA):MA(7): $0.02245MA(25): $0.02135MA(99): $0.02003
CELR is showing robust bullish momentum with a sharp uptrend in the 15-minute timeframe. After breaking past resistance at $0.02167, the price continues to hold strong near its peak!
📈 With significant volume and steady support, CELR could be gearing up for further gains. Is this the breakout you've been waiting for?
#Binance #CELR #CryptoTrading #Layer2
Band Protocol unveils a strategic integration with OKX X Layer
#BandProtocol integrates with OKX #XLayer , a ZK-powered #Layer2 network, to democratize data access in the blockchain space. This integration enables developers to utilize #Ethereum tools and assets with significant cost savings and high-speed ZK infrastructure, providing end users with faster, lower-cost transactions without compromising security or decentralization.
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.
👉 blog.bandprotocol.com/band-supercharges-xlayer-balancing-familiarity-and-innovation/
#BandProtocol integrates with OKX #XLayer , a ZK-powered #Layer2 network, to democratize data access in the blockchain space. This integration enables developers to utilize #Ethereum tools and assets with significant cost savings and high-speed ZK infrastructure, providing end users with faster, lower-cost transactions without compromising security or decentralization.
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.
👉 blog.bandprotocol.com/band-supercharges-xlayer-balancing-familiarity-and-innovation/
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#ZK is the best performer among Layer 2 when returning to touch the threshold of $0.2.
Still often share this season $ZK and $ZRO are 2 projects with great beliefs after $SUI, basically $ZK emerged at a time when most of the brothers were out of money, having peaked in those projects at the beginning of the year...
And $ZK also raised huge capital from many large funds, plus a very beautiful Tokenomics...
There are quite a few factors to trust #ZK in the L2 sector...
Is anyone on the $ZK boat?
Having participated for many years in the financial market, sacrificing a few battles has led to the hard-earned lesson: The overview is the most important, investing without grasping the market overview is like driving without a map.
And $ZK also raised huge capital from many large funds, plus a very beautiful Tokenomics...
There are quite a few factors to trust #ZK in the L2 sector...
Is anyone on the $ZK boat?
Having participated for many years in the financial market, sacrificing a few battles has led to the hard-earned lesson: The overview is the most important, investing without grasping the market overview is like driving without a map.
$LRC (Loopring)
Current Price: $0.2102
Change: +10.11%
Loopring is a layer-2 solution for Ethereum, focusing on scalability and reduced fees. Price movement aligns with interest in Ethereum scaling solutions.
Hold for long-term if Ethereum adoption rises. Monitor competing layer-2 solutions.
#Loopring #Layer2
#Ethereum
Current Price: $0.2102
Change: +10.11%
Loopring is a layer-2 solution for Ethereum, focusing on scalability and reduced fees. Price movement aligns with interest in Ethereum scaling solutions.
Hold for long-term if Ethereum adoption rises. Monitor competing layer-2 solutions.
#Loopring #Layer2
#Ethereum
🚀Top Project From Recent Funding Round 💰 DuckChain 🚀
🎉 DuckChain has just secured $5.00M in its latest funding round! 🎉
🔹About: DuckChain is the first consumer layer on the Telegram Open Network (TON), designed to seamlessly connect TON with Ethereum (EVM), Bitcoin (BTC), and other ecosystems. Powered by Arbitrum Orbit, DuckChain provides developers with familiar tools to migrate applications, build dApps, and attract liquidity into the Telegram ecosystem. The project introduces an Initial Star Offering (ISO), tokenizing Telegram Stars and expanding their Web3 capabilities. DuckChain aims to simplify user onboarding with features like unified gas payments and seamless interactions. By bridging multiple ecosystems, DuckChain accelerates TON's goals and transforms Telegram into a blockchain-powered super-app. The project is set to make significant strides in early Q1 2025, positioning itself as a pivotal player in the Web3 landscape. 🚀🌐
🔹 Lead Investors: Kenetic Capital, Gateio, dao5, DWF Ventures, Skyland Ventures and many more.
🔹 Total Raised: $5.00M.
🔹 Project Category: Layer-2 Chain, TON Ecosystem.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#RideTheKaiaWave #Layer2 #Layer2Coin #Layer2Solutions #TON/USDT $TON
$ETH
$BTC
🔹About: DuckChain is the first consumer layer on the Telegram Open Network (TON), designed to seamlessly connect TON with Ethereum (EVM), Bitcoin (BTC), and other ecosystems. Powered by Arbitrum Orbit, DuckChain provides developers with familiar tools to migrate applications, build dApps, and attract liquidity into the Telegram ecosystem. The project introduces an Initial Star Offering (ISO), tokenizing Telegram Stars and expanding their Web3 capabilities. DuckChain aims to simplify user onboarding with features like unified gas payments and seamless interactions. By bridging multiple ecosystems, DuckChain accelerates TON's goals and transforms Telegram into a blockchain-powered super-app. The project is set to make significant strides in early Q1 2025, positioning itself as a pivotal player in the Web3 landscape. 🚀🌐
🔹 Lead Investors: Kenetic Capital, Gateio, dao5, DWF Ventures, Skyland Ventures and many more.
🔹 Total Raised: $5.00M.
🔹 Project Category: Layer-2 Chain, TON Ecosystem.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#RideTheKaiaWave #Layer2 #Layer2Coin #Layer2Solutions #TON/USDT $TON
$ETH
$BTC
On December 22, according to l2beat data, the total value locked (TVL ) in the #Ethereum Layer 2 network stands at $46.51 billion, reflecting an 11.3% decrease over the past 7 days. The top five #Layer2 networks by TVL are as follows:
1. #Arbitrum One: $19.08 billion (-7.66% over 7 days)
2. #BASE : $12.83 billion (-9.07% over 7 days)
3. OP Mainnet: $7.1 billion (-16.1% over 7 days)
4. Blast: $1.21 billion (-17.6% over 7 days)
5. #ZKSync Era: $1.06 billion (-20.3% over 7 days)
1. #Arbitrum One: $19.08 billion (-7.66% over 7 days)
2. #BASE : $12.83 billion (-9.07% over 7 days)
3. OP Mainnet: $7.1 billion (-16.1% over 7 days)
4. Blast: $1.21 billion (-17.6% over 7 days)
5. #ZKSync Era: $1.06 billion (-20.3% over 7 days)
📢 #PSTAKE Buy Setup Alert! 🚀
The PSTAKE/USDT chart presents a high-potential opportunity with two distinct falling wedge patterns. First Wedge: Spanned from May 2022 to October 2023. A bullish breakout triggered a massive 890.78% rally to its peak.
Second Wedge: Formed from March 2023 to the present.
The price has broken out and is currently retesting the resistance line of the wedge, which has now turned into support.
If the breakout holds, this could ignite another impulsive rally, especially with continued market strength. 🔥
🔹 Aggressive Entry: Buy at the current price level to ride the potential next wave.
🔹 Conservative Entry: DCA down to the green support zone at $0.040–$0.046 for a safer position.
📈 Profit Targets: Clearly outlined on the chart to help plan your exits effectively. 🚀✨
🔹 Exchanges: Bybit, KuCoin, Gateio, MEXC, OKX, Uniswap, Kraken.
#RideTheKaiaWave #Restaking #BTC☀ #Layer2 #Bitcoin❗ $BTC
$STX
Second Wedge: Formed from March 2023 to the present.
The price has broken out and is currently retesting the resistance line of the wedge, which has now turned into support.
If the breakout holds, this could ignite another impulsive rally, especially with continued market strength. 🔥
🔹 Aggressive Entry: Buy at the current price level to ride the potential next wave.
🔹 Conservative Entry: DCA down to the green support zone at $0.040–$0.046 for a safer position.
📈 Profit Targets: Clearly outlined on the chart to help plan your exits effectively. 🚀✨
🔹 Exchanges: Bybit, KuCoin, Gateio, MEXC, OKX, Uniswap, Kraken.
#RideTheKaiaWave #Restaking #BTC☀ #Layer2 #Bitcoin❗ $BTC
$STX
DIA announces the launch of Lasernet on testnet
#DIA has launched on testnet its #Ethereum #Layer2 solution, #Lasernet , designed for oracle infrastructure. This deployment revolutionizes oracle infrastructure, meeting the increasing need for trustless, permissionless, and fully decentralized data delivery in blockchain applications. Lasernet's mainnet release is scheduled for Q1 2025.
Lasernet is a DIA’s native Ethereum Layer 2 rollup that executes all critical oracle operations, ensuring trustless computation and full verifiability, built in collaboration with #Conduit, #Celestia, #Hyperlane and #Optimism.
👉 diadata.org/blog/post/testnet-live-conduit-optimism-celestia-hyperlane/
#DIA has launched on testnet its #Ethereum #Layer2 solution, #Lasernet , designed for oracle infrastructure. This deployment revolutionizes oracle infrastructure, meeting the increasing need for trustless, permissionless, and fully decentralized data delivery in blockchain applications. Lasernet's mainnet release is scheduled for Q1 2025.
Lasernet is a DIA’s native Ethereum Layer 2 rollup that executes all critical oracle operations, ensuring trustless computation and full verifiability, built in collaboration with #Conduit, #Celestia, #Hyperlane and #Optimism.
👉 diadata.org/blog/post/testnet-live-conduit-optimism-celestia-hyperlane/
DxIFFi:
does it increases the price
DuckChain raises $5M in a funding round
#DuckChain secures $5M in a funding round from dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate Labs, Presto Labs and others. This investment will help DuckChain realize its vision of unlocking the on-chain potential of over 30M Telegram Star users through its TON-based EVM solution.
DuckChain is a blockchain project developed as an EVM-compatible #Layer2 solution on #TON blockchain.
👉 x.com/Duck_Chain/status/1870001524426059834
#DuckChain secures $5M in a funding round from dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate Labs, Presto Labs and others. This investment will help DuckChain realize its vision of unlocking the on-chain potential of over 30M Telegram Star users through its TON-based EVM solution.
DuckChain is a blockchain project developed as an EVM-compatible #Layer2 solution on #TON blockchain.
👉 x.com/Duck_Chain/status/1870001524426059834
Injective unveils a partnership with Sonic
#Injective partners with #Sonic , atomic SVM #Layer2 , to launch a cross-chain AI agent platform. This solution will connect the #Solana and Injective ecosystems via a new Smart Agent Hub, utilizing Sonic's HyperGrid technology.
AI Agents developed on the SVM will integrate seamlessly into the Injective ecosystem using the Inter-Blockchain Communication Protocol (IBC). The Smart Agent Hub offers powerful tools and frameworks to help developers build, manage, and monetize AI agents within a decentralized ecosystem.
Injective is an open, interoperable #Layer1 blockchain powering #DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.
👉 x.com/injective/status/1869763136599036325https://x.com/injective/status/1869763136599036325
#Injective partners with #Sonic , atomic SVM #Layer2 , to launch a cross-chain AI agent platform. This solution will connect the #Solana and Injective ecosystems via a new Smart Agent Hub, utilizing Sonic's HyperGrid technology.
AI Agents developed on the SVM will integrate seamlessly into the Injective ecosystem using the Inter-Blockchain Communication Protocol (IBC). The Smart Agent Hub offers powerful tools and frameworks to help developers build, manage, and monetize AI agents within a decentralized ecosystem.
Injective is an open, interoperable #Layer1 blockchain powering #DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.
👉 x.com/injective/status/1869763136599036325https://x.com/injective/status/1869763136599036325
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🚀 Deutsche Bank Jumps Into Ethereum’s Layer-2! 🚀
Leveraging ZKsync technology, the banking giant is building a public, permissioned Layer-2 network on Ethereum. The goal? 🔍 Faster transaction speeds, maximum transparency, while maintaining strict regulatory compliance.
✨ What’s interesting?
🔹 ZKsync-based rollups enable elected validators and super admin rights for regulators.
🔹 The project is part of Dama 2 and the global Project Guardian initiative, connecting blockchain with asset tokenization.
🔥 With this move, major institutions like Deutsche Bank are further emphasizing that blockchain is not just a trend, but the future of finance.
📊 Crypto Indicators: Will this institutional interest make Ethereum and other Layer-2 projects bullish? Or is it just an experiment that will take a long time to make a real impact?
➡️ What do you think? Discuss its impact on Ethereum adoption and the blockchain ecosystem in the comments! ⬇️
#Ethereum #ZKsync #CryptoNews #Layer2 #Web3 $ETH $ZK
Leveraging ZKsync technology, the banking giant is building a public, permissioned Layer-2 network on Ethereum. The goal? 🔍 Faster transaction speeds, maximum transparency, while maintaining strict regulatory compliance.
✨ What’s interesting?
🔹 ZKsync-based rollups enable elected validators and super admin rights for regulators.
🔹 The project is part of Dama 2 and the global Project Guardian initiative, connecting blockchain with asset tokenization.
🔥 With this move, major institutions like Deutsche Bank are further emphasizing that blockchain is not just a trend, but the future of finance.
📊 Crypto Indicators: Will this institutional interest make Ethereum and other Layer-2 projects bullish? Or is it just an experiment that will take a long time to make a real impact?
➡️ What do you think? Discuss its impact on Ethereum adoption and the blockchain ecosystem in the comments! ⬇️
#Ethereum #ZKsync #CryptoNews #Layer2 #Web3 $ETH $ZK
Fuel Network $FUEL has been listed on multiple exchanges
#FuelNetwork $FUEL has been initially listed on Bybit, KuCoin, MEXC and Bitget today, on December 19th, at 10:00 AM UTC. Previously, Fuel Network unveiled 1B $FUEL tokens airdrop to 200K eligible wallets. The claim is currently available and will last until January 19th, 2025.
Fuel is a high-performance #Ethereum #Layer2 , powered by the #FuelVM , built for home verification and scalable for all. The project is backed by The Spartan Group, Blockchain Capital, CoinFund, Maven 11 Capital, and others.
👉 x.com/fuel_network/status/1869692452036313162
#FuelNetwork $FUEL has been initially listed on Bybit, KuCoin, MEXC and Bitget today, on December 19th, at 10:00 AM UTC. Previously, Fuel Network unveiled 1B $FUEL tokens airdrop to 200K eligible wallets. The claim is currently available and will last until January 19th, 2025.
Fuel is a high-performance #Ethereum #Layer2 , powered by the #FuelVM , built for home verification and scalable for all. The project is backed by The Spartan Group, Blockchain Capital, CoinFund, Maven 11 Capital, and others.
👉 x.com/fuel_network/status/1869692452036313162
Sophon announces the launch of its Mainnet
#Sophon launches its Mainnet, achieving over $450M in #TVL through its farming program and ecosystem of partners. The $SOPH token launches today in a non-transferable state, offering users free transactions during this initial phase. Node holders will start earning rewards from January 1st, with full token transferability and trading anticipated in Q1 2025.
Sophon is a modular #Layer2 solution designed around the #zkSync hyperchain and powered by #zkStack . The project is backed by Binance Labs, Paper Ventures, The Spartan Group, Maven11, SevenX, OKX Ventures, HTX Ventures and others.
👉 blog.sophon.xyz/mainnet-has-arrived/
#Sophon launches its Mainnet, achieving over $450M in #TVL through its farming program and ecosystem of partners. The $SOPH token launches today in a non-transferable state, offering users free transactions during this initial phase. Node holders will start earning rewards from January 1st, with full token transferability and trading anticipated in Q1 2025.
Sophon is a modular #Layer2 solution designed around the #zkSync hyperchain and powered by #zkStack . The project is backed by Binance Labs, Paper Ventures, The Spartan Group, Maven11, SevenX, OKX Ventures, HTX Ventures and others.
👉 blog.sophon.xyz/mainnet-has-arrived/
📢 #Bloomberg : Deutsche Bank is developing an #ethereum Layer-2 rollup network using Matter Labs' ZKsync technology.
#Layer2 #zkSync
#Layer2 #zkSync