News with the tag "layer-2"

The newly rebranded layer-1 blockchain Sonic ( S ) is being called the “golden standard” of layer-2s (L2s) by Andre Cronje, the project’s co-founder. Cronje claims on the social media platform X that Sonic, formerly known as Fantom, is the “only actual decentralized stage 3 L2.” “No fee extraction, ...

Ethereum creator Vitalik Buterin says the ETH community should be doubling down on layer-2 scaling solutions to strengthen its ecosystem. In a new blog post, Buterin says that it would be a mistake to give up on layer-2s and that developers should instead continue to focus on interoperability, secur...

A CryptoQuant survey reveals that young, educated and experienced investors dominate the cryptocurrency market, with Binance emerging as the most preferred exchange.

Sony’s Soneium mainnet launched, aiming to simplify Web3 with NFT-driven fan engagement, but it got off to a rocky start.

Sony finally launched its Ethereum Layer-2, Soneium: this time, the mainnet. Back in August 2024, they announced the Minato testnet in partnership with Startale, a market leader in Web3 infrastructure development. The result? Over 47M transactions from over 14M users in a four-month period. Sony pla...

Japanese tech giant Sony announced the mainnet launch of its layer-2 blockchain Soneium along with two exciting projects. As Sony steps into the world of blockchain, it seeks to empower fans and creators alike, allowing communities to connect globally while protecting their rights. The tech giant la...

Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul.

Sonic, the Solana Virtual Machine (SVM) layer-2 chain for games and applications, is set to launch its native token, SONIC, on January 7, 2025. This development is a key milestone in Solana L2 Sonic’s roadmap, designed to power its gaming-focused blockchain ecosystem and enhance scalability across i...

PancakeSwap's 2024 trading volume surged to $310 billion, driven by DeFi growth, layer-2 adoption and user-focused upgrades.

Coinbase’s Layer 2 blockchain, Base, is growing faster than Ethereum. In October 2024, Base gained 13.7 million new users, making it the fastest-growing blockchain platform. According to reports, Base gained an impressive 15.1 million super users, outnumbering Ethereum (ETH) and Polygon. Base is Bec...