Chris Burnisk: “I continue to be a strong believer in Ethereum”

According to Chris Burniske, Ethereum has a significant head start over other altcoins and, despite the success of cryptocurrencies such as Solana or Avalanche, they are too far from being the second cryptocurrency.

“Even though I talked about Solana more often during the bull market due to Ethereum's known problems, I have been around ETH for too long and believe deeply in its ecosystem. It has become the reference calculated level and this is not the path to success, it is already the result of success. Ethereum has become the only trusted and generally applicable settlement blockchain for crypto assets, and this status is likely to continue to grow. Avalanche, Celestia, Polkadot and Solana networks compete with each other, and I keep an eye on them, but Ethereum remains the leader,” the investor noted.

Burnisk also admitted that Ethereum still has many serious problems that developers just have to get rid of in order to stay on top. According to him, it is necessary to ensure easy transfer of assets from the main network to L2 solutions and ensure interoperability between second-layer networks.
#l2 #Ethereum(ETH) #ETH2024 #HotTrends #CryptoNews
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🤑 #sony #crypto #eth #l2
Sony will launch its L2 Soneium network on Ethereum in the coming weeks.

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Shibarium transaction volume approaches 300 million

According to Shibariumscan, the total number of transactions processed on the popular L2 blockchain is approaching 300 million.

At the time of writing this line, the number of transactions was 296,505,213 (296.5 million). Additionally, the network also boasts a daily transaction count of 1.96 million.

The development comes less than a month after Shibarium reached the 200 million transaction mark, prompting lead developer Shitoshi Kusama to call the feat a moonstone.

Shibarium has been widely adopted since December 2, 2023, when the number of daily transactions exceeded 7 million. Throughout most of December, Shibarium's daily transactions averaged 7.5 million.

However, since the beginning of this month, the number of daily transactions on the network has dropped sharply. Recently, this figure has fluctuated between 1 and 3 million.

Despite the low daily transaction volume, Shibarium is still on track to reach the 300 million mark. The popular L2 blockchain is now less than 4 million transactions away from reaching the 300 million mark.

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$SHIB

Headlines for the Day 🚨

1️⃣Binance, Kucoin and MEXC app have been removed from the Apple App Store in India !

2️⃣Ether Surges Beyond $2.4K Amid Trader Speculation on Potential Ether ETF Approval ! -

3️⃣Gary Gensler: "If you're considering an investment involving crypto assets, be cautious.”

4️⃣US senators demand Gary Gensler's report on the X breach, setting a Monday deadline

5️⃣Ethereum L2s-TVL has surpassed other L1 chains combined —

6️⃣BlackRock has just cut the fee on its spot Bitcoin ETF to 0.25% (and 0.12% for the first $5b) !

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This is an early interpretation, $BLUR looks to be forming a large cup & handle pattern that targets $1.47 level when $0.81 is taken out successfully. Event catalyst-wise, this could coincide with the drop of $BLAST L2 tokens. #blur #blast #l2 #altcoin @Blur

Chainlink functions run on L2, providing on-demand API access.

Chainlink Functions, a product of the decentralized oracle network Chainlink, has officially launched on Base, a layer-2 blockchain created by Coinbase and secured by the Ethereum architecture.

The integration gives smart contract developers on Base access to a low-trust computing infrastructure, allowing them to ingest data from APIs and run their own calculations in a serverless environment

Chainlink Functions is a serverless, self-service platform for developers that allows developers to connect their smart contracts to any API and perform computations with minimal trust. It serves as a decentralized computing environment useful for testing, simulating, and running custom offline logic for Web3 applications. In many aspects, Chainlink Functions acts as a low-trust, blockchain-connected version of existing serverless solutions such as AWS Lambda and GCP CloudFunctions.
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$LINK