We proposed the concept of EthPort last year, the purpose of which is to allow users to experience various Layer 1 DeFi products on Loopring Layer 2 in a decentralized way, and at the same time, they can enjoy the advantages of high speed and low costs on Layer 2. When we were preparing to … Read more
It’s been a busy month for the team, with an array of listings and new native marketplaces that were launched in August. Along with the hard work put in across Origin’s DeFi and NFT products, our Co-founder, Josh Fraser, set off to South Korea early last month to speak at ETH Seoul, a component of … Read more
Gas fees refer to the cost of conducting a transaction or executing a contract. For example, this could take the form of exchanging into a stablecoin or minting an NFT. Since the summer of 2020, Ethereum gas fees took off primarily due to the explosion of DeFi use on the chain. Although network activity has … Read more
Optimism’s OP was not left behind as the rest of the market registered double-digit price upticks over the past week. In fact, according to CoinMarketCap, the price of the Layer 2 (L2) token rallied by 16% over the last seven days. Designed as an optimistic rollup network to enhance the scalability of the Ethereum Chain, … Read more
DappRadar, in a new report, found that the overall total value locked (TVL) within the decentralized finance ecosystem (DeFi) declined by 10.47% in August. The total TVL now stood at $58.4 billion. According to the data from DefiLlama, DeFi TVL sat at $250 billion less than eight months ago. With only $58.4 billion, total TVL … Read more
According to data from DefiLlama, the total value locked (TVL) for all decentralized finance (DeFi) protocols housed within different chains stood at $59.18 billion. Impacted by the general decline in the cryptocurrency market, the TVL within the DeFi ecosystem has declined by 65%. Built on the Ethereum network, MakerDAO, with a TVL of $7.94 billion, … Read more
A Twitter poll by Ethereum cofounder Vitalik Buterin has revealed that around 50% of the crypto community think the fair price for a 5-letter .eth domain name for 100 years is less than $100. Source: Twitter According to responses from the community, the “under $100” price is the best because it would ensure inclusivity for … Read more
Loopring Layer 2 ETH staking has arrived! Powered by Lido, earning daily rewards on your staked ETH is now cheap, fast, and simple. Loopring Layer 2 ETH Staking — Powered by Lido Read on to learn more about Lido and how to stake ETH on Loopring Layer 2. Lido is a liquid staking solution for … Read more
Jason Stone of KeyFi filed a lawsuit against Celsius, claiming that Celsius owed KeyFi “millions of dollars,” and now Celsius returned fire by suing KeyFi and Jason Stone for the mismanagement and theft of client funds. The complaint describes KeyFi and Stone as “extraordinarily inept at the investment strategies they were undertaking.” The legal complaint … Read more
It has been quite an interesting week for Ethereum’s community as it prepares for a major upgrade. In fact, its impact has started spilling over into Ethereum layer 2 solutions such as Polygon now. The latter’s native cryptocurrency, MATIC, concluded the week on the back of a significant upside on the charts. MATIC’s bulls noted … Read more
