Ethereum (ETH) Layer 2 (L2) networks spent a record-breaking 32 billion gas — a year-on-year increase of 22.8% — to validate transactions and activate bridges between Jan. 9 and Jan. 15, according to Dune Analytics data. Source: Dune Analytics Optimism (OP) contributed around 50% of the gas spent — with a seven-day moving average of … Read more
Loopring’s zkRollup is designed to hyper-scale DeFi and NFTs while maintaining the same security guarantees as Ethereum L1. To navigate this large and growing Loopring ecosystem, a web-based wallet is needed more than ever. Providing self-sovereignty and financial freedom through a non-custodial wallet will truly help bring power to the players. Introducing GameStop Wallet, the … Read more
Increasing adoption along with a burst in DeFi activity has led to cryptocurrency transactions being at an all-time high. This has inadvertently resulted in the congestion of the most popular network, Ethereum. This has in turn led to the rise of layer-2 scalability solutions such as Polygon that offer lower transaction time and cost. Naturally, … Read more
Overview Since the launch of Ethereum in July 2015, and after the network started seeing considerable network effects, the focus of the Ethereum community and other core developers around the world shifted to scaling. But what is Scaling? As transactions on Ethereum, the global supercomputer rise, users send out txns with higher gas fees in … Read more
Daniel Wang Jul 22 · 6 min read And so is our team! We’re thrilled to announce six new hires. Loopring has been hiring for positions in community, growth, market making, and backend development. This should signal the intention for a heavy focus on marketing, providing deeper liquidity to the rollup, and relayer enhancements moving … Read more
The Alpha version of zkEVM testnet is live. Matter Labs May 31 · 9 min read Shall I compare thee to a summer’s day? Thou art more scalable and secure. Rough winds do shake the darling minds of May, And summer’s lease hath all too short a date. — Satoshi Shakespeare, 2021 Introduction With the … Read more
Testnet available now! Closely followed by Regenesis (important!) on Mainnet at the end of May. astarinmymind May 24 · 2 min read NFTs and Swaps on Testnet Calling all developers! Try out NFTs and Swaps on our Rinkeby-beta and Ropsten testnets today! Functionality includes: swap ERC-20 tokens, mint, transfer, and swap NFTs, withdraw NFTs to … Read more
Security by Isolation and Redundancy, Trust-Minimized Upgradability, and the Introduction of zkSync’s Security Council Matter Labs May 21 · 6 min read “Only the paranoid survive.” — Andy Grove, CEO of Intel As we prepare for the launch of NFTs, swaps, zkEVM, and an exponential increase in users and capital flow into zkSync, we find … Read more
Leila Lin May 12 · 3 min read L2 Liquidity Mining Round 8 1. AMM: Liquidity Mining The following AMM pools will support liquidity mining： This round starts at 00:00 UTC on May 13, 2021, and lasts for 13 days. We take random snapshots of the relevant AMM pools several times per day to calculate … Read more
Ending the debate between ZK and optimistic rollups Matter Labs Apr 13 · 6 min read A mass migration to Layer 2 is about to take place. As protocols move from the Ethereum base layer to optimistic rollups and EVM-compatible zkRollups, many hope we’ll finally make on-chain fees manageable. But everyone working on Ethereum scaling … Read more
