Arbitrum
DeFi platform Hedgey Finance Suffers $44.7 Million Exploit
Hedgey Finance, a decentralized finance (DeFi) platform known for supporting decentralized autonomous organizations (DAOs) with token distribution services, recently found itself under siege in a cyber attack that resulted in a substantial loss of $44.7 million across two blockchain platforms, Arbitrum and Ethereum. This attack has raised concerns about the security vulnerabilities within the decentralized finance (DeFi) […]
Ethereum L2s to Reach $1T Market Cap by 2030: VanEck Analysts
In an April 3 report, analysts from investment management company VanEck forecasted Ethereum‘s Layer-2 protocols will hit a market capitalization of $1 trillion by 2030. VanEck’s prediction is based on the significant growth and impact of L2 technologies on Ethereum’s performance and scalability. The company’s senior digital assets investment analyst Patrick Bush and digital assets […]
Ethereum L2s Show a Significant Drop in Transaction Fees After Dencun Upgrade
The Dencun upgrade went live on the Ethereum (ETH) network on March 13, which resulted in a significant decrease in the transaction fees on Layer-2 (L2) chains like Optimism, zkSync, Arbitrum, and Coinbase’s Base. Dencun is a scalability-focused upgrade on the Ethereum mainnet, with many considering it one of the most important upgrades since the […]
Ethereum Layer 2 Networks Hit $30B TVL
Ethereum layer-2 networks reached a new milestone on Feb. 28, hitting $30 billion of total value locked (TVL) within their contracts, according to data from the blockchain analytics platform L2Beat. Arbitrum leads the surge with 45.37% of the total TVL, representing $13.66B, followed by OP Mainnet at 25.08%, or $7.55B. Other notable contributors include Manta […]