Layer2Network
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👉👉👉 $ETH #DencunUpgrade attracts more L2 bots and failed txs: Galaxy Research
Ethereum's Dencun Upgrade Spurs Transaction Failures on Layer-2 Networks
Ethereum's Dencun upgrade in March, intended to reduce fees through EIP-4844, has led to unintended consequences, including a significant rise in transaction failures on layer-2 (L2) networks. Galaxy researcher Christine Kim and a detailed analysis by Galaxy highlighted these issues, noting that transaction activity more than doubled on L2 networks, reaching 6.65 million daily transactions over 150 days post-upgrade. However, this surge also increased transaction failure rates, largely attributed to bot activity driven by lower fees.
Key findings include:
1. Failure Rates by Network: Base saw failure rates up to 21%, Arbitrum up to 15.4%, and OP #mainnet up to 10.4%.
2. High-Activity Addresses: Accounts making 100+ transactions daily experienced even higher failure rates—41.6% on Base, 20.87% on Arbitrum, and 12.85% on OP mainnet.
3. Low-Activity Addresses: Those making five or fewer transactions daily had much lower failure rates, maxing at 4%.
The situation isn't unique to Ethereum, as Solana also faces high transaction failure rates, with bot activity being a common culprit. Despite these challenges, some argue that bots add liquidity and efficiency to markets, even as they drive up failure rates. The Dencun upgrade's introduction of data blobs aimed to alleviate strain on Ethereum's execution layer, but the resulting complexities highlight the challenges of such advancements.
Source - cointelegraph.com
#CryptoMarkets #Layer2Network #BinanceSquareTrends
Ethereum's Dencun Upgrade Spurs Transaction Failures on Layer-2 Networks
Ethereum's Dencun upgrade in March, intended to reduce fees through EIP-4844, has led to unintended consequences, including a significant rise in transaction failures on layer-2 (L2) networks. Galaxy researcher Christine Kim and a detailed analysis by Galaxy highlighted these issues, noting that transaction activity more than doubled on L2 networks, reaching 6.65 million daily transactions over 150 days post-upgrade. However, this surge also increased transaction failure rates, largely attributed to bot activity driven by lower fees.
Key findings include:
1. Failure Rates by Network: Base saw failure rates up to 21%, Arbitrum up to 15.4%, and OP #mainnet up to 10.4%.
2. High-Activity Addresses: Accounts making 100+ transactions daily experienced even higher failure rates—41.6% on Base, 20.87% on Arbitrum, and 12.85% on OP mainnet.
3. Low-Activity Addresses: Those making five or fewer transactions daily had much lower failure rates, maxing at 4%.
The situation isn't unique to Ethereum, as Solana also faces high transaction failure rates, with bot activity being a common culprit. Despite these challenges, some argue that bots add liquidity and efficiency to markets, even as they drive up failure rates. The Dencun upgrade's introduction of data blobs aimed to alleviate strain on Ethereum's execution layer, but the resulting complexities highlight the challenges of such advancements.
Source - cointelegraph.com
#CryptoMarkets #Layer2Network #BinanceSquareTrends
$COTI Will touch $0.83 soon small corrections , will come but 2024 #coti will rock ,this is not a financial advice #TrendingTopic #Layer2Network #Wrtite2Earn #DYOR!!
🌐 The number of ETH bridged to ConsenSys' zkEVM Ethereum Layer 2 network Linea has surpassed 300,000, with a total of 308,873 ETH and 816,996 transactions, according to Dune Analytics data. 🚀🔗 #Layer2Network #Ethereum!
Layer2 Network Blast Witnesses Surge in User Base and Total Value Locked
Recent reports from Foresight News highlight a remarkable uptick in both the user base and total value locked (TVL) on the Layer2 Network Blast platform.
According to the network's official website, the user count has surged to an impressive 104,429, accompanied by a concurrent increase in TVL, reaching an impressive $1.34 billion.
Layer2 Network Blast: A Decentralized Advancement
Layer2 Network Blast stands out as a decentralized platform strategically designed to enhance the scalability and efficiency of blockchain technology.
The recent surge in both user engagement and TVL underscores the platform's growing significance within the blockchain space and the expanding interest in decentralized solutions.
User Base Expansion:
The reported user base of 104,429 reflects a substantial increase in adoption, signaling a growing community of individuals leveraging the Layer2 Network Blast platform.
The surge in users suggests a heightened interest in the decentralized ecosystem and an increasing preference for solutions that offer improved scalability and efficiency.
Total Value Locked Reaches $1.34 Billion:
Layer2 Network Blast's TVL has now reached an impressive $1.34 billion, showcasing the platform's ability to attract and secure a substantial amount of assets within its decentralized framework.
This milestone not only speaks to the trust users place in the platform but also indicates the platform's potential to facilitate a significant portion of the blockchain industry's economic activity.
Implications for the Blockchain Industry:
The notable growth in both user base and TVL on Layer2 Network Blast signifies a broader trend within the blockchain industry.
As more users recognize the advantages of decentralized solutions, platforms like Layer2 Network Blast are well-positioned to play a pivotal role in the industry's ongoing evolution.
Potential for Further Expansion:
The reported surge in user engagement and TVL not only underscores the current success of Layer2 Network Blast but also points towards the potential for further expansion.
The platform's commitment to addressing scalability challenges and enhancing efficiency positions it favorably for continued growth in the ever-evolving blockchain landscape.
Layer2 Network Blast's recent achievements in terms of a growing user base and an increased total value locked exemplify the platform's impact on the decentralized space. \
As blockchain technology continues to advance, the success of platforms like Layer2 Network Blast becomes indicative of the broader industry's trajectory.
The reported figures not only reflect the platform's current standing but also hint at a promising future, where decentralized solutions play an increasingly pivotal role in shaping the future of blockchain technology.
#Layer2Network
According to the network's official website, the user count has surged to an impressive 104,429, accompanied by a concurrent increase in TVL, reaching an impressive $1.34 billion.
Layer2 Network Blast: A Decentralized Advancement
Layer2 Network Blast stands out as a decentralized platform strategically designed to enhance the scalability and efficiency of blockchain technology.
The recent surge in both user engagement and TVL underscores the platform's growing significance within the blockchain space and the expanding interest in decentralized solutions.
User Base Expansion:
The reported user base of 104,429 reflects a substantial increase in adoption, signaling a growing community of individuals leveraging the Layer2 Network Blast platform.
The surge in users suggests a heightened interest in the decentralized ecosystem and an increasing preference for solutions that offer improved scalability and efficiency.
Total Value Locked Reaches $1.34 Billion:
Layer2 Network Blast's TVL has now reached an impressive $1.34 billion, showcasing the platform's ability to attract and secure a substantial amount of assets within its decentralized framework.
This milestone not only speaks to the trust users place in the platform but also indicates the platform's potential to facilitate a significant portion of the blockchain industry's economic activity.
Implications for the Blockchain Industry:
The notable growth in both user base and TVL on Layer2 Network Blast signifies a broader trend within the blockchain industry.
As more users recognize the advantages of decentralized solutions, platforms like Layer2 Network Blast are well-positioned to play a pivotal role in the industry's ongoing evolution.
Potential for Further Expansion:
The reported surge in user engagement and TVL not only underscores the current success of Layer2 Network Blast but also points towards the potential for further expansion.
The platform's commitment to addressing scalability challenges and enhancing efficiency positions it favorably for continued growth in the ever-evolving blockchain landscape.
Layer2 Network Blast's recent achievements in terms of a growing user base and an increased total value locked exemplify the platform's impact on the decentralized space. \
As blockchain technology continues to advance, the success of platforms like Layer2 Network Blast becomes indicative of the broader industry's trajectory.
The reported figures not only reflect the platform's current standing but also hint at a promising future, where decentralized solutions play an increasingly pivotal role in shaping the future of blockchain technology.
#Layer2Network
Open-Source Strategies in L2: How Lisk Continues to Embrace Innovation
Lisk has been a leader in digital asset mining and high-performance computing since 2016. They've always been at the forefront of pushing the limits of blockchain technology. Known for being innovative, easy to use, and adaptable, Lisk focuses on open-source approaches to encourage collaboration and sharing of ideas.
This project is devoted to open-source principles, which are crucial for the future of blockchain technology. There's a big update: the platform is moving to the Ethereum Layer 2 (L2) network, joining Optimism's Superchain. This strategic move makes Lisk the first Layer 1 (L1) blockchain integrated with Optimism's L2.
Examining the past seven years, the project initially aimed to expand blockchains through sidechains. In 2023, research revealed that over 90% of transaction fees on L1 protocols focused on Ethereum, leading to a strategic decision to migrate Lisk to Ethereum's Layer 2.
Moving to the new system has several advantages. It makes things more secure, ensures compatibility with EVM, gives access to development tools, makes it easy to include tokens, and allows participation in the Ethereum DeFi ecosystem. Lisk's partnership with Superchain shows its dedication to open-source values, playing a part in creating a connected Web3 future.
In early 2024, the Lisk L2 ecosystem chain will be tested, and developers plan to launch it in Q2. The official launch is set for later in the year. This move aims to reduce fees by up to 90%, compared to Ethereum Mainnet, and more savings are expected through Proto-Danksharding. Lisk's partnership with Ethereum's L2 is a significant move towards a decentralized and community-focused future in blockchain technology.
$LSK #Lisk #Layer2Transition #Layer2Network
Lisk has been a leader in digital asset mining and high-performance computing since 2016. They've always been at the forefront of pushing the limits of blockchain technology. Known for being innovative, easy to use, and adaptable, Lisk focuses on open-source approaches to encourage collaboration and sharing of ideas.
This project is devoted to open-source principles, which are crucial for the future of blockchain technology. There's a big update: the platform is moving to the Ethereum Layer 2 (L2) network, joining Optimism's Superchain. This strategic move makes Lisk the first Layer 1 (L1) blockchain integrated with Optimism's L2.
Examining the past seven years, the project initially aimed to expand blockchains through sidechains. In 2023, research revealed that over 90% of transaction fees on L1 protocols focused on Ethereum, leading to a strategic decision to migrate Lisk to Ethereum's Layer 2.
Moving to the new system has several advantages. It makes things more secure, ensures compatibility with EVM, gives access to development tools, makes it easy to include tokens, and allows participation in the Ethereum DeFi ecosystem. Lisk's partnership with Superchain shows its dedication to open-source values, playing a part in creating a connected Web3 future.
In early 2024, the Lisk L2 ecosystem chain will be tested, and developers plan to launch it in Q2. The official launch is set for later in the year. This move aims to reduce fees by up to 90%, compared to Ethereum Mainnet, and more savings are expected through Proto-Danksharding. Lisk's partnership with Ethereum's L2 is a significant move towards a decentralized and community-focused future in blockchain technology.
$LSK #Lisk #Layer2Transition #Layer2Network
📈 Over the past 7 days, Layer 2 network Manta Pacific has seen a 135.90% increase in Total Value Locked (TVL), reaching a total of $500 million, as reported by L2BEAT data. 💰🚀 #MantaPacific #Layer2Network
Layer-2 zkSync Stopped working due to Excessive Caution
Recently, the development team of Layer-2 zkSync gave a reason why the network was down for many hours on December 25.Layer-2 zkSync stopped working due to excessive cautionRecently, the zkSync Era Layer 2 network unexpectedly stopped generating blocks for about 3 hours, attracting the attention of the cryptocurrency community.According to information from blockchain tracking site zkSync, the Layer 2 zkSync network stopped operating at around 5:48 a.m on December 25 UTC time and maintained this status for many hours afterward.After the fix, the zkSync team clarified the cause of the problem. According to the project, there was an error during the process by which the Operator (the party that verifies transactions and sends them to Ethereum) calculates the status update. This made the Sequencer work properly, but performed an unnecessary and overly careful process, delaying transaction processing.Specifically, at that time, the Operator encountered a "simple" error when processing a status update transaction and sent this error to other computational nodes. Then, the entire network, upon detecting the error, activated a "maximum defense" state, causing the Sequencer to wait a long time for processing, thereby clogging the zkSync network.The project said the network was operating too securely, when a "simple" error could cause the network to be jammed for hours.Although the error has been fixed, the shutdown of zkSync has increased user concerns that zkSync is being overly centralized. Currently, the operation of the platform depends on Validators or Operators. If some important Validators or Operators are hacked or controlled by a third party, this could affect the security and reliability of the entire zkSync network.TVL of zkSyncTVL of zkSync on December 26, 2023. Source Defillama#Layer2Network #ZkSync
🚀 Pontem, an Aptos (APT)-based wallet, unveils plans to launch the layer 2 network Lumio, built on the Optimism (OP) stack. Lumio combines the high TPS of Aptos with Ethereum's security and liquidity features. 💡🌐 #Pontem #Lumio #Layer2Network
There are more and more delegators and $RONIN stalkers on chain.
It means the Ronin Network is more decentralized and robust than before.
I believe there will be upcoming Web3 games migrate to the Ronin because of support from Sky Mavis and Ronin community, similar to #PIXELS . Pixels success will attract more Developers to Ronin Chain, in term make bigger community .
But there are other Gaming Networks or Blockchains intended to support Gaming. Polygon will not going to let loss of gaming projects, as other new Layer 1, such as $SOL , $SEI and $SUI are also aiming for the segment.
#Wrtite2Earn #cryptogaming #Layer2Network
It means the Ronin Network is more decentralized and robust than before.
I believe there will be upcoming Web3 games migrate to the Ronin because of support from Sky Mavis and Ronin community, similar to #PIXELS . Pixels success will attract more Developers to Ronin Chain, in term make bigger community .
But there are other Gaming Networks or Blockchains intended to support Gaming. Polygon will not going to let loss of gaming projects, as other new Layer 1, such as $SOL , $SEI and $SUI are also aiming for the segment.
#Wrtite2Earn #cryptogaming #Layer2Network
LIVE
Ronin Network
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There are now more than 35k delegators staking over 189 million $RON.
Learn how to join them here 👇
🔗: https://t.co/PrlQJdljNY
Learn how to join them here 👇
🔗: https://t.co/PrlQJdljNY
IMMUTABLE (IMX)! Taking NFT Marketplace to the next ultimate level!
Immutable X emerges as a groundbreaking development in the blockchain realm, tailored explicitly as a Layer 2 enhancement for Ethereum’s non-fungible tokens (NFTs). This section illuminates how Immutable X is ingeniously addressing the existing limitations of the Ethereum network, especially in the context of NFT transactions.
A key highlight of Immutable X is its capability for real-time trading. This feature significantly deviates from the usual transaction pace seen on Ethereum, where confirmations can be sluggish.
Immutable X’s promise of almost instantaneous transactions revolutionizes the NFT trading experience, offering a seamless and efficient platform for traders and enthusiasts.
Scalability is a crucial attribute of Immutable X. With the NFT marketplace expanding rapidly, the demand for a robust infrastructure that can handle voluminous transactions is paramount. Immutable X caters to this need by allowing extensive transactions and maintaining the network’s efficiency and reliability without sacrificing performance.
Another enticing aspect of Immutable X is its zero gas fee structure for NFT minting and trading. Ethereum’s gas fees have long been a hurdle for many users, particularly during peak congestion. Immutable X removes this financial barrier, democratizing the NFT space by making it more accessible and economical for users to engage in NFT creation, purchasing, and selling activities.
At the technological heart of Immutable X lies the integration of StarkWare’s STARK prover and rollup technology. This cutting-edge technology bolsters the platform’s high transaction throughput and scalability. STARKs offers a cryptographic-proof system that ensures enhanced security and scalability without needing a trusted setup. This integration ensures that Immutable X efficiently manages a high volume of NFT transactions while upholding Ethereum’s renowned security and decentralized principles.
#IMX #BEAMX #NFT #STARK #Layer2Network #BINANCESQUARE
Disclaimer: DYOR
Immutable X emerges as a groundbreaking development in the blockchain realm, tailored explicitly as a Layer 2 enhancement for Ethereum’s non-fungible tokens (NFTs). This section illuminates how Immutable X is ingeniously addressing the existing limitations of the Ethereum network, especially in the context of NFT transactions.
A key highlight of Immutable X is its capability for real-time trading. This feature significantly deviates from the usual transaction pace seen on Ethereum, where confirmations can be sluggish.
Immutable X’s promise of almost instantaneous transactions revolutionizes the NFT trading experience, offering a seamless and efficient platform for traders and enthusiasts.
Scalability is a crucial attribute of Immutable X. With the NFT marketplace expanding rapidly, the demand for a robust infrastructure that can handle voluminous transactions is paramount. Immutable X caters to this need by allowing extensive transactions and maintaining the network’s efficiency and reliability without sacrificing performance.
Another enticing aspect of Immutable X is its zero gas fee structure for NFT minting and trading. Ethereum’s gas fees have long been a hurdle for many users, particularly during peak congestion. Immutable X removes this financial barrier, democratizing the NFT space by making it more accessible and economical for users to engage in NFT creation, purchasing, and selling activities.
At the technological heart of Immutable X lies the integration of StarkWare’s STARK prover and rollup technology. This cutting-edge technology bolsters the platform’s high transaction throughput and scalability. STARKs offers a cryptographic-proof system that ensures enhanced security and scalability without needing a trusted setup. This integration ensures that Immutable X efficiently manages a high volume of NFT transactions while upholding Ethereum’s renowned security and decentralized principles.
#IMX #BEAMX #NFT #STARK #Layer2Network #BINANCESQUARE
Disclaimer: DYOR
How to Use Shibarium
Introduction:
Shibarium, a robust Layer 2 solution, stands as a testament to collaborative efforts by community members who introduced Shibaswap in 2021. The unwavering commitment of developers Shytoshi Kusama, Eric M, and Kaal Dhairya throughout the years, overcoming challenges in a bear market, underscores their dedication. They faithfully adhered to the Ryoshi vision plan, laid out by Shiba Inu’s founder, to craft Shibarium L2 exclusively for the Shiba Ecosystem.
Key Features:
• Gas Fee: Shibarium operates on Bone as its gas fee, ensuring every transaction results in the burning of Shib tokens.
• Decentralization: Shib, Bone, and ETH, the three tokens within Shibarium, are fully decentralized. No entity, including Shiba Ecosystem devs, has access to their respective token supplies.
• Automatic Burns: To enhance token scarcity, Shib developers are currently testing automatic burns on puppynet, reinforcing the commitment to a deflationary model.
• DAO System: A comprehensive DAO system is in preparation, allowing the community to actively participate in decision-making processes. This DAO system will serve as the governance framework for all three tokens within Shibarium, empowering the community to collectively shape the future direction.
How to Use Shibarium:
1. Acquire Bone and ETH: Purchase Bone and ETH on specific exchanges or send your ETH to MetaMask for swapping to Bone. Remember to reserve some ETH for transaction fees.
2. Add Shibarium to MetaMask: Visit chain.shibrpc.com and seamlessly integrate Shibarium with your MetaMask wallet.
3. Bridge Transactions: Proceed to shibarium.shib.io/bridge to engage in bridge transactions, effortlessly connecting your assets within the fully decentralized Shibarium ecosystem.
Embark on your Shibarium journey, contributing to the decentralized evolution of the Shiba Inu ecosystem. Stay tuned for further developments!
#Shibarium $SHIB #Layer2Network
Introduction:
Shibarium, a robust Layer 2 solution, stands as a testament to collaborative efforts by community members who introduced Shibaswap in 2021. The unwavering commitment of developers Shytoshi Kusama, Eric M, and Kaal Dhairya throughout the years, overcoming challenges in a bear market, underscores their dedication. They faithfully adhered to the Ryoshi vision plan, laid out by Shiba Inu’s founder, to craft Shibarium L2 exclusively for the Shiba Ecosystem.
Key Features:
• Gas Fee: Shibarium operates on Bone as its gas fee, ensuring every transaction results in the burning of Shib tokens.
• Decentralization: Shib, Bone, and ETH, the three tokens within Shibarium, are fully decentralized. No entity, including Shiba Ecosystem devs, has access to their respective token supplies.
• Automatic Burns: To enhance token scarcity, Shib developers are currently testing automatic burns on puppynet, reinforcing the commitment to a deflationary model.
• DAO System: A comprehensive DAO system is in preparation, allowing the community to actively participate in decision-making processes. This DAO system will serve as the governance framework for all three tokens within Shibarium, empowering the community to collectively shape the future direction.
How to Use Shibarium:
1. Acquire Bone and ETH: Purchase Bone and ETH on specific exchanges or send your ETH to MetaMask for swapping to Bone. Remember to reserve some ETH for transaction fees.
2. Add Shibarium to MetaMask: Visit chain.shibrpc.com and seamlessly integrate Shibarium with your MetaMask wallet.
3. Bridge Transactions: Proceed to shibarium.shib.io/bridge to engage in bridge transactions, effortlessly connecting your assets within the fully decentralized Shibarium ecosystem.
Embark on your Shibarium journey, contributing to the decentralized evolution of the Shiba Inu ecosystem. Stay tuned for further developments!
#Shibarium $SHIB #Layer2Network
According to BlockBeats, L2 Network Base announced on June 27 the addition of new features to keep users updated on its status. Users can now subscribe to event and maintenance updates via email, text messages, and Slack. This initiative aims to ensure timely information about Base's status. While further details and implementation dates have not been provided, this move reflects L2 Network Base's ongoing efforts to enhance its services and user experience.
#Layer2Network #L2 #announcement #CryptoPCEWatch
#Layer2Network #L2 #announcement #CryptoPCEWatch
