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#Ankr launches Ethereum L2 #Blast RPC for decentralized blockchain infrastructure.
Ankr, a web3 infrastructure provider, launches #Ethereum #L2 #BlastRPC. This initiative aims to improve the performance and user experience of decentralized applications (dApps) on the Ethereum network. Leveraging Ankr's expansive global network of blockchain nodes, developers enjoy faster and more reliable connections, enhancing their dApps functionality and promoting broader adoption of blockchain technology.
š ankr.com/blog/blast-layer-2-rpc-now-available-on-ankr/?page=1
Ankr, a web3 infrastructure provider, launches #Ethereum #L2 #BlastRPC. This initiative aims to improve the performance and user experience of decentralized applications (dApps) on the Ethereum network. Leveraging Ankr's expansive global network of blockchain nodes, developers enjoy faster and more reliable connections, enhancing their dApps functionality and promoting broader adoption of blockchain technology.
š ankr.com/blog/blast-layer-2-rpc-now-available-on-ankr/?page=1
š„Interesting factš¢š¢š¢
Yesterday's volume on #Arbitrum hit an all time high, at $1,115,140,278. š·
Which makes $ARB the first #L2 to cross a billion in daily volume on #Uniswap š¤
#ArbitrumSeason #SpaceCatch
Yesterday's volume on #Arbitrum hit an all time high, at $1,115,140,278. š·
Which makes $ARB the first #L2 to cross a billion in daily volume on #Uniswap š¤
#ArbitrumSeason #SpaceCatch
Ethereum, Arbitrum, Optimism, Chainlink, and Manta Network Surge in Popularity
Analysis:
Ethereum-based tokens have been some of the top gainers in the past 24 hours, with ETH itself rising by over 5%. This surge can be attributed to a number of factors, including the recent launch of Ethereum's Layer 2 scaling solutions, such as Arbitrum and Optimism, which have helped to reduce transaction fees and congestion on the network. Additionally, DeFi projects like Chainlink and Manta Network have been gaining traction, which is also driving demand for their respective tokens.
#L2 #Optimism #Chainlink #MantaNetwork #DeFi
Analysis:
Ethereum-based tokens have been some of the top gainers in the past 24 hours, with ETH itself rising by over 5%. This surge can be attributed to a number of factors, including the recent launch of Ethereum's Layer 2 scaling solutions, such as Arbitrum and Optimism, which have helped to reduce transaction fees and congestion on the network. Additionally, DeFi projects like Chainlink and Manta Network have been gaining traction, which is also driving demand for their respective tokens.
#L2 #Optimism #Chainlink #MantaNetwork #DeFi
š Introducing Manta Network
š§Utilizing modular blockchain and zkEVM, Manta Pacific sets a new paradigm for L2 smart contract platforms.
šŖøManta Pacific solves usability issues with its modular infrastructure, seamlessly integrating modular DA and zkEVM for an ever-improving user experience over time.
šŖThe native utility token - $MANTA
1ļøā£Manage: Vote on network decisions for Manta Pacific and Manta Atlantic.
2ļøā£Benchmark: Contribute to the overall security of Manta Atlantic network.
3ļøā£Delegation: Delegate holdings to validators or self-stake to ensure network security.
4ļøā£Network Fees: Pay transaction fees on Manta Atlantic using MANTA.
5ļøā£Native Liquidity and Collateral: Utilize $MANTA as local liquidity and collateral within the Manta
ecosystem.
āļøKey Components of the Protocol:
1ļøā£Modular Data Availability: Cost-efficient transaction processing on Manta Pacific via Celestia.
2ļøā£Permissionless Smart Contracts: Deploy projects on Manta Pacific using Solidity-compatible EVM.
3ļøā£Generalized Circuits: Build ZK-supporting apps with a precompiled ZK circuit library for various use cases.
4ļøā£zkEVM Proofs: Ensure encryption-level security with batch verification of transactions using ZK proofs.
šøToken Metrics:
š°Raised $60.4 million through private and public token sales.
š°Private sale: 24.11% MANTA sold at $0.025 to $0.5.
š°Public sale: 8% $MANTA sold at $0.36.
šCurrent Status (as of Jan 15, 2024):
ā Total Supply: 1,000,000,000 MANTA.
šCirculating Supply: 251,000,000 MANTA(25.1%).
šInitial Circulation: 25.1%, with a majority held by users. Locked for the first 69 days, tokens can't be withdrawn, but yield can be earned within the ecosystem.
šEmbark on the @MantaNetwork journey ā a Layer2 ecosystem with a TVL already reaching $1 billion! š
#MANTA #Write2Earn #Launchpool #L2
š§Utilizing modular blockchain and zkEVM, Manta Pacific sets a new paradigm for L2 smart contract platforms.
šŖøManta Pacific solves usability issues with its modular infrastructure, seamlessly integrating modular DA and zkEVM for an ever-improving user experience over time.
šŖThe native utility token - $MANTA
1ļøā£Manage: Vote on network decisions for Manta Pacific and Manta Atlantic.
2ļøā£Benchmark: Contribute to the overall security of Manta Atlantic network.
3ļøā£Delegation: Delegate holdings to validators or self-stake to ensure network security.
4ļøā£Network Fees: Pay transaction fees on Manta Atlantic using MANTA.
5ļøā£Native Liquidity and Collateral: Utilize $MANTA as local liquidity and collateral within the Manta
ecosystem.
āļøKey Components of the Protocol:
1ļøā£Modular Data Availability: Cost-efficient transaction processing on Manta Pacific via Celestia.
2ļøā£Permissionless Smart Contracts: Deploy projects on Manta Pacific using Solidity-compatible EVM.
3ļøā£Generalized Circuits: Build ZK-supporting apps with a precompiled ZK circuit library for various use cases.
4ļøā£zkEVM Proofs: Ensure encryption-level security with batch verification of transactions using ZK proofs.
šøToken Metrics:
š°Raised $60.4 million through private and public token sales.
š°Private sale: 24.11% MANTA sold at $0.025 to $0.5.
š°Public sale: 8% $MANTA sold at $0.36.
šCurrent Status (as of Jan 15, 2024):
ā Total Supply: 1,000,000,000 MANTA.
šCirculating Supply: 251,000,000 MANTA(25.1%).
šInitial Circulation: 25.1%, with a majority held by users. Locked for the first 69 days, tokens can't be withdrawn, but yield can be earned within the ecosystem.
šEmbark on the @MantaNetwork journey ā a Layer2 ecosystem with a TVL already reaching $1 billion! š
#MANTA #Write2Earn #Launchpool #L2
A16z Buys $90M Of #Optimism ! Layer 2 Trend May Come Back Soon
Andreessen Horowitz has invested nearly $90 million to the $OP token from Optimism, with a two-year vesting period. Currently, the value of OP stands at approximately $2.659, increasing 2.86% over 24 hours.
This investment by #a16z signifies a significant show of confidence in #L2 solution, particularly noteworthy given a16z's prior investment in #Base which is a $ETH layer 2 solution. Therefore, their investment in $OP is affirming its commitment to the layer 2 solution.
With a16z's involvement, Layer 2 solutions are expected to regain popularity. What do you think?
Andreessen Horowitz has invested nearly $90 million to the $OP token from Optimism, with a two-year vesting period. Currently, the value of OP stands at approximately $2.659, increasing 2.86% over 24 hours.
This investment by #a16z signifies a significant show of confidence in #L2 solution, particularly noteworthy given a16z's prior investment in #Base which is a $ETH layer 2 solution. Therefore, their investment in $OP is affirming its commitment to the layer 2 solution.
With a16z's involvement, Layer 2 solutions are expected to regain popularity. What do you think?
Binance Labs Invests in Aevo to Propel Layer 2 Blockchain Innovations.
Binance Labs, the venture capital and incubation arm of Binance, has recently invested in Aevo, a decentralized derivatives exchange platform. This strategic investment aims to foster advancements in Layer 2 (L2) blockchain technology.
Aevo: A New Era for Derivatives Trading
Aevo, formerly known as Ribbon Finance, emerged from the RGP-33 governance proposal with a revamped focus on delivering comprehensive derivatives trading. The platform supports perpetual trading, pre-launch futures, and options, all within a single margin account. Leveraging the OP Stack, Aevo utilizes an off-chain order book combined with on-chain settlement on Ethereum, enhanced by Celestia for improved scalability.
Stellar Performance and Ambitious Roadmap
Aevo has showcased impressive metrics, recording $80 billion in derivatives volume year-to-date and generating $30 million in fees, with approximately 50,000 monthly active users. The future looks promising as Aevo plans to introduce vault strategies, yield products, and a staking mechanism. Additionally, the platform will enable decentralized applications (dApps) to deploy on Aevo L2, broadening its ecosystem.
Binance Labs: A Powerhouse of Innovation
Binance Labs plays a pivotal role in the blockchain industry with a diverse portfolio valued at over $10 billion, encompassing 250 projects across 25+ countries. Known for its successful incubation programs, Binance Labs has a remarkable return on investment rate of over 14X, with 50 portfolio companies emerging from these programs.
By investing in Aevo, Binance Labs reinforces its commitment to accelerating blockchain innovations and supporting projects that push the boundaries of decentralized finance. The collaboration between Aevo and Binance Labs marks a significant step towards the future of derivatives trading and L2 blockchain technology.
#BinanceLabs #aevo #Layer2 #L2
Aevo: A New Era for Derivatives Trading
Aevo, formerly known as Ribbon Finance, emerged from the RGP-33 governance proposal with a revamped focus on delivering comprehensive derivatives trading. The platform supports perpetual trading, pre-launch futures, and options, all within a single margin account. Leveraging the OP Stack, Aevo utilizes an off-chain order book combined with on-chain settlement on Ethereum, enhanced by Celestia for improved scalability.
Stellar Performance and Ambitious Roadmap
Aevo has showcased impressive metrics, recording $80 billion in derivatives volume year-to-date and generating $30 million in fees, with approximately 50,000 monthly active users. The future looks promising as Aevo plans to introduce vault strategies, yield products, and a staking mechanism. Additionally, the platform will enable decentralized applications (dApps) to deploy on Aevo L2, broadening its ecosystem.
Binance Labs: A Powerhouse of Innovation
Binance Labs plays a pivotal role in the blockchain industry with a diverse portfolio valued at over $10 billion, encompassing 250 projects across 25+ countries. Known for its successful incubation programs, Binance Labs has a remarkable return on investment rate of over 14X, with 50 portfolio companies emerging from these programs.
By investing in Aevo, Binance Labs reinforces its commitment to accelerating blockchain innovations and supporting projects that push the boundaries of decentralized finance. The collaboration between Aevo and Binance Labs marks a significant step towards the future of derivatives trading and L2 blockchain technology.
#BinanceLabs #aevo #Layer2 #L2
Decentralization in Crisis: Why L2s and Appchains Fall Short, and Sharding is the True Solution
The rise of L2s, appchains, subnets, and network extensions aims to scale blockchain, but they all struggle with the same issue: decentralization.
š¶ L2sā Centralization Problem: Many L2s rely on small multi-sigs and centralized sequencers, making true decentralization nearly impossible. Optimistic rollups force you to trust the sequencer, creating a form of proof of authority. While ZK rollups are more secure, they demand extreme computational resources.
š¶ True Decentralization: The original vision of blockchain was global decentralizationāthousands of nodes from homes, boats, and garages, all running consumer-grade hardware. L2s cannot achieve this.
š¶ Token Misconception: You donāt need a token or your own chain to succeed. Building on an L1 with open, permissionless markets is 1000x better.
š¶ Sharding is the Answer: Every system wants to partition computation, storage, and networking. Sharding does it right, offering decentralization, security, performance, and composability.
#Blockchain #Decentralization #L2 #Sharding #Crypto
š¶ L2sā Centralization Problem: Many L2s rely on small multi-sigs and centralized sequencers, making true decentralization nearly impossible. Optimistic rollups force you to trust the sequencer, creating a form of proof of authority. While ZK rollups are more secure, they demand extreme computational resources.
š¶ True Decentralization: The original vision of blockchain was global decentralizationāthousands of nodes from homes, boats, and garages, all running consumer-grade hardware. L2s cannot achieve this.
š¶ Token Misconception: You donāt need a token or your own chain to succeed. Building on an L1 with open, permissionless markets is 1000x better.
š¶ Sharding is the Answer: Every system wants to partition computation, storage, and networking. Sharding does it right, offering decentralization, security, performance, and composability.
#Blockchain #Decentralization #L2 #Sharding #Crypto
XBLAST FREE AIRDROP
ā¶ļø Open Link
ā¶ļø Follow Telegram & Twitter
ā¶ļø Click Profile & Connect Wallet
ā¶ļø Auto Mining
šš»Welcome to xBlast App - the next generation decentralized application on Telegram. Creat account and start mine free $XBL.
š²What is xBlast?
xBlast is a new web3 dApp built on Blast Layer2 network inside Telegram. Offering a fully on-chain experience and non-custodial security, xBlast Dapp is seamlessly integrated within every Telegram account.
šŖWhat is XBL and wXBL?
At the heart of this groundbreaking ecosystem lies XBL, the centerpiece token and is tradable on exchanges. wXBL is the farming token which you can mine and earn in our app and swap for XBL at 1:1 ratio.
LINK : https:// t.me /XBlastAppBot/App?startapp=BCO13P
#blast #AirdropAnnouncements #freeMining #L2
ā¶ļø Open Link
ā¶ļø Follow Telegram & Twitter
ā¶ļø Click Profile & Connect Wallet
ā¶ļø Auto Mining
šš»Welcome to xBlast App - the next generation decentralized application on Telegram. Creat account and start mine free $XBL.
š²What is xBlast?
xBlast is a new web3 dApp built on Blast Layer2 network inside Telegram. Offering a fully on-chain experience and non-custodial security, xBlast Dapp is seamlessly integrated within every Telegram account.
šŖWhat is XBL and wXBL?
At the heart of this groundbreaking ecosystem lies XBL, the centerpiece token and is tradable on exchanges. wXBL is the farming token which you can mine and earn in our app and swap for XBL at 1:1 ratio.
LINK : https:// t.me /XBlastAppBot/App?startapp=BCO13P
#blast #AirdropAnnouncements #freeMining #L2
Hey crypto frends! Let's talk moon shots! Forget the lambo dreams for a sec, these are the narratives you NEED to be on board with š¤©š„ššš
- Real World Asset (RWA) Imagine buying a piece of that beach house with your crypto gains? RWAs are here, and it's gonna be YUGE! (Remember Blackrock tokenization plan?) #RWA!
- Web3 Gaming just went IRL! Gamers, assemble! Get paid to play with Play-to-Earn. Who needs a job when you can slay dragons AND stack sats? #GamingCoins
- Crypto AI is the future. Imagine AI making your crypto life easier, and crypto fueling the next big AI thing. Bullish! #AiNarratives
- Level up your crypto game with L2 solutions! ļø These projects make blockchain transactions faster and cheaper. Basically VIP access to the crypto world. #AltSeasonComing
Rremember, DYOR (do your own research) before you ape in! This isn't a financial advice, but these trends are gonna be LIT!
- Real World Asset (RWA) Imagine buying a piece of that beach house with your crypto gains? RWAs are here, and it's gonna be YUGE! (Remember Blackrock tokenization plan?) #RWA!
- Web3 Gaming just went IRL! Gamers, assemble! Get paid to play with Play-to-Earn. Who needs a job when you can slay dragons AND stack sats? #GamingCoins
- Crypto AI is the future. Imagine AI making your crypto life easier, and crypto fueling the next big AI thing. Bullish! #AiNarratives
- Level up your crypto game with L2 solutions! ļø These projects make blockchain transactions faster and cheaper. Basically VIP access to the crypto world. #AltSeasonComing
Rremember, DYOR (do your own research) before you ape in! This isn't a financial advice, but these trends are gonna be LIT!
Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications.
I am considering it as an asset with a target of 1-1.5 years. The funders are very active, working on marketing and technology as they should. Also as a short-term deal $MANTA also shows itself well.
Manta Pacific came third in terms of TVL among #L2 solutions for scaling.
Not a bad blockchain relative to what it costs now, it usually costs more, lots of infrastructure to work on.
Not financial advice.
#TradeNTell
I am considering it as an asset with a target of 1-1.5 years. The funders are very active, working on marketing and technology as they should. Also as a short-term deal $MANTA also shows itself well.
Manta Pacific came third in terms of TVL among #L2 solutions for scaling.
Not a bad blockchain relative to what it costs now, it usually costs more, lots of infrastructure to work on.
Not financial advice.
#TradeNTell
š¶ L2s are not "extensions" of Ethereum
L2s do not inherit Ethereum's qualities at all.
- All major L2s can steal and censor user funds, which is not decentralized, and thus not Ethereum!
- This lie is perpetuated by L2s who are parasitically leeching off Ethereum for selfish profit.
š¶ Most L2s will never decentralize
- Proposed solutions require L2s to sacrifice sequencer revenue, which they wonāt.
- For-profit companies follow their own financial incentives, as they should.
- The fault lies with Ethereum for not scaling their L1 effectively.
š¶ Based roll-ups & sequencing could have worked
- Ethereum is now too far down the L2 path.
- Scaling the L1 would now destroy billions in L2 equity and token value, making a return impossible.
š¶ Cui bono? ("Who benefits?")
- The incentives are skewed, with the L2 lobby being too powerful.
- Researchers are tied to L2s through tokens, equity, advisory roles, and employment, overshadowing L1 funding.
š¶ Ethereum now facilitates centralized rent-seeking services
- Platforms like BASE allow companies like Coinbase to make hundreds of millions, while passing only a fraction of that back to Ethereum.
- The rise of BASE as the most popular L2 highlights the problem.
š¶ Unrealistic expectations
- Expecting decentralization contradicts human history.
- L2 advocates often overestimate human nature when theorizing about crypto.
š¶ Power corrupts
- History and politics teach us that power corrupts, and absolute power corrupts absolutely.
- Incentives rule, and this assumption is central to all blockchains.
#ETH #L2
L2s do not inherit Ethereum's qualities at all.
- All major L2s can steal and censor user funds, which is not decentralized, and thus not Ethereum!
- This lie is perpetuated by L2s who are parasitically leeching off Ethereum for selfish profit.
š¶ Most L2s will never decentralize
- Proposed solutions require L2s to sacrifice sequencer revenue, which they wonāt.
- For-profit companies follow their own financial incentives, as they should.
- The fault lies with Ethereum for not scaling their L1 effectively.
š¶ Based roll-ups & sequencing could have worked
- Ethereum is now too far down the L2 path.
- Scaling the L1 would now destroy billions in L2 equity and token value, making a return impossible.
š¶ Cui bono? ("Who benefits?")
- The incentives are skewed, with the L2 lobby being too powerful.
- Researchers are tied to L2s through tokens, equity, advisory roles, and employment, overshadowing L1 funding.
š¶ Ethereum now facilitates centralized rent-seeking services
- Platforms like BASE allow companies like Coinbase to make hundreds of millions, while passing only a fraction of that back to Ethereum.
- The rise of BASE as the most popular L2 highlights the problem.
š¶ Unrealistic expectations
- Expecting decentralization contradicts human history.
- L2 advocates often overestimate human nature when theorizing about crypto.
š¶ Power corrupts
- History and politics teach us that power corrupts, and absolute power corrupts absolutely.
- Incentives rule, and this assumption is central to all blockchains.
#ETH #L2
Seeing some $SCR airdrop participants flaunt their Scroll marks as high as 8 million marksš„
And I'm hearing that conversion will be 1:1š Are we anticipating the biggest #etherreum #L2 airdrop?
For context, $SCR is currently trading around $1.43 on Bitget Premarket! Is 1:1 a feasible conversion rate?
And I'm hearing that conversion will be 1:1š Are we anticipating the biggest #etherreum #L2 airdrop?
For context, $SCR is currently trading around $1.43 on Bitget Premarket! Is 1:1 a feasible conversion rate?
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
#VitalikButerin responded to zengjiajun_eth;
The really key thing that we're early to is #L2 finally being affordable. I've been saying since ~2020 (if not earlier) that the whole "not just high-value defi" part of #crypto can only work if txfees are cheap. It's only since March that they actually are.
The really key thing that we're early to is #L2 finally being affordable. I've been saying since ~2020 (if not earlier) that the whole "not just high-value defi" part of #crypto can only work if txfees are cheap. It's only since March that they actually are.
@zengjiajun_eth counters Travis Klingās āPervasive Quiet Quittingā by arguing that crypto is still in its early stages. They highlight Ethereumās Merge (only two years ago), the rise of Layer 2 solutions like #Arbitrum , and recent innovations like #zkVMzkEVM and account abstraction, which show ongoing infrastructure development. #Bitcoin ās dominance above 50% is viewed as evidence that "crypto" is still more about #blockchain than currency. They also note that while $20 billion in venture capital has flowed into crypto, itās small compared to the $200 billion poured into #AI , signaling that crypto remains underfunded and early in its evolution.
Weary degens, cry no more!
To celebrate the launch of Scribe weāre introducing enhanced points on Scribe (for the next two weeks only!) on top of Marks on #scroll
3x boost on ETH <> USDC
2x boost on USDC <> USDT & weETH <> ETH
Interact, scribe, and write the future of DeFi on Scroll š
#zk #zkevm #L2 #farming
To celebrate the launch of Scribe weāre introducing enhanced points on Scribe (for the next two weeks only!) on top of Marks on #scroll
3x boost on ETH <> USDC
2x boost on USDC <> USDT & weETH <> ETH
Interact, scribe, and write the future of DeFi on Scroll š
#zk #zkevm #L2 #farming
ā”ļø There is still one day to farm tokebs of new project on @Binance #Launchpool - Manta
š #MANTA is modular #L2 for ZK applications.
š” For 2 days you can satke your $BNB and $FDUSD to get $MANTA rewards.
šIf you haven't registered on Binance you can do it by QR code in the commentsš get 10% of commissions back and make your #crypto work and get Manta rewards.
š¤ Who knows maybe Manta is one of new #BinanceGems?
š #MANTA is modular #L2 for ZK applications.
š” For 2 days you can satke your $BNB and $FDUSD to get $MANTA rewards.
šIf you haven't registered on Binance you can do it by QR code in the commentsš get 10% of commissions back and make your #crypto work and get Manta rewards.
š¤ Who knows maybe Manta is one of new #BinanceGems?
Want to learn more about scaling technologies? Cecilia Hsueh, co-founder and SEO at Morph, will be speaking at Hack Seasons Brussels.
Register for free: https://lu.ma/hack_brussels
Come to our conference to listen to top workshops, learn more about developing L2 solutions, and meet industry leaders.
#HackSeasons #L2 #Blockchain #Crypto
Register for free: https://lu.ma/hack_brussels
Come to our conference to listen to top workshops, learn more about developing L2 solutions, and meet industry leaders.
#HackSeasons #L2 #Blockchain #Crypto
š Weekly active wallet addresses on #L2 #blockchains have reached an ATH š¤Æ
This comes amidst an overall positive sentiment in the #crypto industry š
Is this a #bullish indicator? š¤
This comes amidst an overall positive sentiment in the #crypto industry š
Is this a #bullish indicator? š¤
ā ļø #Blast - a sketchy #L2 with an MLM-like points system, has attracted over $570M in deposits.
If someone were to sell all of the #stETH on Blast, it could cause $stETH's price to crash to zero, triggering massive liquidations across #DeFi
Be cautious!
#cryptonews
If someone were to sell all of the #stETH on Blast, it could cause $stETH's price to crash to zero, triggering massive liquidations across #DeFi
Be cautious!
#cryptonews
š Exciting news for the #Bitcoin community! š Introducing http://x-layer.xyz - your gateway to a revolutionary $BTC L2 infrastructure.
Empower your multi-asset portfolio with #XLayer protocol suite, unlocking unprecedented value regeneration on the Bitcoin L2 network.
š¼š° Don't miss out on this opportunity to join the future of decentralized finance. Explore http://x-layer.xyz now #BNB #BTC #L2
Empower your multi-asset portfolio with #XLayer protocol suite, unlocking unprecedented value regeneration on the Bitcoin L2 network.
š¼š° Don't miss out on this opportunity to join the future of decentralized finance. Explore http://x-layer.xyz now #BNB #BTC #L2