Layer 2 Solutions | ForkLog

ForkLog 13 07.05.2024

Mode Network to Distribute 550 Million MODE Tokens to Community

On May 7, the Layer 2 solution Mode will launch its native coin, MODE, and initiate the airdrop claim. Mode Season 1 has ended. Mode Season 2 has started. — 500,000,000 MODE allocated— $MODE ecosystem multipliers— New leading DeFi applications launching — New assets and pools — New multipliers will be introduced Read about it […]

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ForkLog 27 22.04.2024

Celo Developers Opt for OP Stack in Ethereum Transition

cLabs, the primary developer of the Celo L1 blockchain, has selected Optimism’s OP Stack for its migration to Ethereum’s second layer. ✨A very special 4th anniversary of Celo mainnet’s launch! cLabs Proposes Migrating Celo to an Ethereum L2 leveraging the OP Stack. Join the discussion on the proposal in the @celo forum and community call […]

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ForkLog 30 18.04.2024

Worldcoin to Launch Its Own L2 Blockchain, World Chain

Sam Altman’s Worldcoin project has announced the launch of its second-layer blockchain, World Chain, based on Optimism’s OP Stack. Learn more ⬇️https://t.co/4cQBLrexBq — Worldcoin (@worldcoin) April 17, 2024 “The network will be deeply integrated with the Worldcoin protocol to accelerate the growth and use of the World ID proof of identity. It will also be […]

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ForkLog 17 16.04.2024

Arbitrum Team Launches BOLD Protocol on Testnet

Offchain Labs, the company behind the development of the Ethereum layer-two ecosystem Arbitrum, has deployed the BOLD dispute resolution protocol on the testnet. Fraud Proofs took us to a Stage 1 rollup. Today, with BOLD, we’re on our way to becoming a Stage 2 rollup!? BOLD, permissionless validation on Arbitrum, is now live on testnet! […]

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ForkLog 30 09.04.2024

One in Six Meme Tokens on Base is Fraudulent, 91% Have Vulnerabilities, Study Finds

Since the Dencun update, which reduced fees in L2 solutions, Coinbase’s Base protocol has seen a sharp increase in users, transactions, and TVL. Meme coins dominate much of this activity, with one in six coins being a scam, according to a report by Cointelegraph Magazine. Researchers compiled “profiles” of 1,000 tokens launched between March 19 […]

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ForkLog 10 08.04.2024

Base Network’s Locked Value Surpasses $4 Billion

Over the past week, the total value locked (TVL) in the Base Layer 2 network increased by 16.5%, reaching $4.14 billion. TVL dynamics of Base. Data: L2BEAT. According to L2BEAT, the TVL of the second-layer solution includes $1.47 billion in “canonical” assets and $2.67 billion in native funds. Base ranks third in the top L2 […]

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ForkLog 19 05.04.2024

StarkNet Team Confirms Blockchain Disruption

On April 5, the Ethereum Layer 2 network StarkNet ceased producing new blocks for approximately four hours. According to Starkscan, the pause occurred between blocks #630,028 and #630,029. Source: Starkscan. At the time of writing, the StarkNet status page did not mention the incident. The latest entries refer to March 13, when the blockchain slowed […]

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ForkLog 43 04.04.2024

VanEck Predicts Ethereum L2 Tokens to Reach $1 Trillion Market Cap

The market volume of second-layer network tokens within the Ethereum ecosystem is projected to reach at least $1 trillion by 2030, according to analysts at VanEck in a report. The investment company’s experts based their calculations on expected cash flow with a multiplier. Their revenue estimates include not only transaction fees but also income from […]

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ForkLog 28 01.04.2024

Polygon CEO Questions the Necessity of L3 Networks for Ethereum

Third-level networks are unnecessary for scaling Ethereum and pose a threat to the security of the ecosystem’s main blockchain, according to Polygon Labs CEO Marc Boiron. I’ll say the quiet part out loud: L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built. *You do not […]

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ForkLog 16 27.03.2024

AltLayer Introduces ALT Token Staking

The decentralized platform AltLayer has launched staking for its native ALT token. ? ALT staking is now LIVE, kicking off a phased launch of MACH Alpha: our fast-finality layer ? With staking, ALT holders can participate & provide economic security ? https://t.co/EKc1YpZlSIhttps://t.co/oy5acht8OW Our vision for MACH Alpha ??https://t.co/eA5HQNRK9m pic.twitter.com/Hn0CgDczy1 — AltLayer (@alt_layer) March 27, 2024 […]

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ForkLog 25 25.03.2024

Polygon zkEVM Resumes Operations After Outage

On March 23, the Ethereum Layer 2 network Polygon zkEVM experienced a disruption, causing the blockchain, launched about a year ago, to halt for over 10 hours. Polygon zkEVM Mainnnet Beta faced an issue with its sequencer due to an L1 reorg. We are working on fully resolving the issue and will follow up with […]

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ForkLog 14 21.03.2024

Base Faces Delays Amid Surge in On-Chain Activity in L2 Network

On March 20, the daily trading volume in the L2 solution Base reached $369 million, increasing by more than 50% from the previous day. TVL of the protocol hit a record high of $761 million. TVL and trading volume on Base. Data: DeFi Llama. According to the dashboard on Dune, the network recorded 1.65 million […]

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