Layer 2 Solutions | ForkLog

ForkLog 42 05.12.2024

Botanix Labs Launches Testnet for Bitcoin-Based L2 Solution Spiderchain

Botanix Labs has unveiled the Aragog test network for its EVM-compatible Layer 2 solution, Spiderchain, designed for the ecosystem of the first cryptocurrency. A decentralized Bitcoin L2, fully EVM equivalent, purpose-built for Bitcoin-native DeFi. Botanix’s final testnet is now live: — Botanix Labs ? (@BotanixLabs) December 4, 2024 According to the statement, Aragog will be […]

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ForkLog 49 02.12.2024

Shibarium Sets New TVL Record Ahead of Hard Fork

On December 1, the TVL of Shibarium, the Layer 2 solution for Shiba Inu, reached a new high of $10.22 million amid increased ecosystem activity and an upcoming hard fork. Shibarium TVL chart. Data: DeFi Llama. According to DeFi Llama, the project’s total value locked reached an all-time high of $9.9 million. A week earlier, […]

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ForkLog 21 29.11.2024

Coinbase Faces Monopoly Allegations After Refusing to Support Celo’s Migration to Layer 2

The cryptocurrency exchange Coinbase will not support the transition of the Celo L1 blockchain to the Ethereum ecosystem as a Layer 2 solution, scheduled for January 16, 2025. The Celo L1 blockchain (Coinbase ticker: CGLD) is migrating to Celo L2 on January 16, 2025. Coinbase will not support the migration. Due to migration by hard […]

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ForkLog 52 21.11.2024

Liquidity Shift to Bitcoin Layer 2 Solutions Forecasted by 2030

By the end of the decade, over $47 billion in liquidity could transition to Layer 2 solutions on Bitcoin. This estimate was shared by analysts from Galaxy Digital in their Bitcoin L2s report. The study considers the market share of all wrapped bitcoins in DeFi, native BTC in L2 networks, and BTC locked in staking […]

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ForkLog 53 19.11.2024

Mantle’s L2, restaking and TON ties: an ecosystem overview

Since the alpha launch of Mantle’s L2 in July 2023, its TVL surpassed $1.86bn. According to data from DeFi Llama in November 2024, more than 90 DeFi protocols are deployed on the network. We explain what Mantle is and analyse the ecosystem’s main activities. What is Mantle Mantle emerged from a relaunch of the BitDAO […]

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ForkLog 60 15.11.2024

Vitalik Buterin versus ‘training wheels’: what scaling should look like in 2025

In November 2022 Ethereum cofounder Vitalik Buterin published a post on the evolution of scaling solutions. He urged rollup teams to standardise their decentralisation milestones and introduced the notion of “training wheels.” In September 2024 Buterin returned with a call for a unified vision of the Ethereum ecosystem and the removal of centralising factors. He […]

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ForkLog 102 13.11.2024

ConsenSys Launches Linea Association and Announces Governance Token

ConsenSys, the developer behind Linea, has established the non-profit Linea Association to foster the development and decentralization of its Ethereum-based L2 using ZK-Rollups. Today we reach a major milestone: Introducing the Linea Association, an independent Swiss non-profit dedicated to advancing our ecosystem’s development and governance. This marks a significant step toward true network decentralization. For […]

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ForkLog 19 12.11.2024

Zerion Developers Launch ZERO Network L2 Solution

The Zerion team has launched the ZERO Network, an Ethereum layer-two solution. It allows users to trade, exchange, and issue crypto assets within a native wallet without the need to pay gas fees.

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ForkLog 42 12.11.2024

Lisk Launches Mainnet and Announces Token Airdrop

Lisk developers have announced the launch of their eponymous layer-two solution on Ethereum and a token airdrop of LSK. Company representatives informed The Block of this development.

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ForkLog 27 11.11.2024

ENS Labs Unveils Details of Namechain L2 Solution

Developers at Ethereum Name Service (ENS) have disclosed details of their upcoming Layer 2 solution, Namechain. Announced live at #frENSday? Namechain by @ensdomains, a purpose-built Layer 2 solution! This is the next evolution in ENS and part of the larger ENSv2 direction. By dramatically reducing costs, improving performance, and providing a familiar Ethereum developer experience […]

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ForkLog 13 04.11.2024

Tether Explores USDT Gas Payment Mechanism

Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer Tether. I hear again few rumors about a Tether Chain.Tether is not planning to build an official blockchain at this time.Simply different independent L2 solutions are working to support $USDt for gas fees. — […]

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ForkLog 89 30.10.2024

Vitalik Buterin Addresses Criticism of Ethereum’s Fragmented L2 Ecosystem

Ethereum co-founder Vitalik Buterin responded to criticism regarding the complexity of user interaction with second-layer networks, attributed to the fragmentation of the space. Camila Russo, founder of the DeFi media platform The Defiant, stated that while she is a supporter of Ethereum and a community participant, the team needs to stop downplaying the negative user […]

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