Ethereum’s transaction fee sets a new record, the L2s can’t keep calm

Ethereum, the largest altcoin underwent the much-anticipated Merge that saw it transition into a Proof-of-Stake (PoS) consensus. Well, the mechanism has changed, but ETH continues to give mixed signals to traders. Two sides of the same coin Despite being one of the most prominent blockchains, Ethereum’s biggest drawback was its extraordinarily high transaction costs. Consider … Read more

Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up

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

Are Arbitrum+Optimism stats pointing at beginning of L2 season

Ethereum Layer 2 solutions have witnessed a massive gain in traction and utility in 2021-22. TVL across L2 platforms went up by 130% (in ETH terms) since the beginning of this year. But two main platforms stood at the very front of this L2 leg race- Arbitrum and Optimism. However, there might be a concern … Read more

Messari report alleges Optimism growth is inorganic

Blockchain analytics firm Messari released a report alleging that the growth of Ethereum Layer2 network Optimism (OP) is inorganic, There is evidence that @OptimismFND‘s growth is inorganic. Optimism’s transacting addresses grew sharply from ecosystem incentives but fell off in recent weeks. @Arbitrum has managed consistent active user metrics without offering any incentives for network usage. … Read more

ETH L2 network Optimism takes this route to remove ‘sybil attackers’

The Ethereum Layer 2 network Optimism launched a token and new governance model in April. The team is supposed to distribute the token via an entire season of airdrops. In fact, the team also saw it as a larger move toward a decentralized governance structure known as the (OP) Optimism Collective. Last year, the platform … Read more

Ethereum rollups promised lower fees and faster speeds, but instead we got…

Ethereum’s rollups were pitched as airlines and super highways to make transactions faster within the ecosystem and solve congestion problems. However, reality hasn’t quite panned out the way many rollup enthusiasts predicted it would. I want to speak to your manager! A Huobi Research report by Barry Jiang looked at some problems with rollups that … Read more

Critical bug in Ethereum L2 Optimism, $2M bounty paid

Ethereum Layer-2 solution Optimism has fixed a critical software bug in one of its smart contracts on Ethereum. On February 2nd, the Optimism team was alerted by Jay Freeman of a critical bug in Optimism’s fork of the Ethereum Geth client software. As per the Optimism announcement “Funds Are Safu.” The bug made it possible … Read more

Removing whitelist brings Optimism ‘one step closer to truly open, optimistic’ Ethereum

Do you remember the day you took the training wheels off your bicycle? Maybe you liked them well enough, but knew it was time to move on. Now, an Ethereum rollup – or a Layer 2 solution for scaling transactions – is ready to take the same step. Glass half full Optimism, an Ethereum Virtual … Read more

This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism

Ethereum has seen a myriad of Layer-2 solutions developing over time, with the fight to gain prominence never-ending. However, the emergence of Boba Network has challenged some longstanding L2 solutions to place itself in the #2 spot. The new Ethereum L2 champ? Layer-2 solutions have seen some solid domination from Arbitrum, but the second place … Read more

New milestone for Uniswap, but can it breach $30 again

Uniswap’s price remained stagnated for quite some time in the past. The DeFi token shed more than 6% just a couple of weeks ago. However with the recent bullish developments, the flagship token has surged to more than 6% at the time of writing. UNI, the #13th ranked token was trading at the $27 mark. … Read more