Ethereum layer 2
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 […]
Coti Transitions to Ethereum Layer-2 for Enhanced Privacy Features
Blockchain platform Coti is moving forward with its strategic plan to, within three years, turn its protocol into a layer-2 oriented solution for the Ethereum network. An announcement made in confidence, which was recently disclosed, highlights Coti’s continued zeal to increase its privacy functions in the Ethereum space. The upcoming Coti v2 will leverage a […]