Author: Dalmas Ngetich
United Kingdom Source: NewsBTC
Oct 01, 2024 12:05

EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling?

Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain. Over the years since launching, it has been gulping up more market share from Ethereum, cementing its position. Is Ethereum Superior To Solana? While the prominence of Solana is evident, Sreeram Kannan, the founder of EigenLayer, argued in a post on X that Solana prioritizes low latency and global node synchronization over other core features. Related Reading: Solana (SOL) Could Go Parabolic Once It Breaks $200 Resistance Analyst On the other hand, Ethereum took a different approach, emphasizing the need for stability and decentralization. Accordingly, in Kannan’s view, the first smart contracts platform offers a more comprehensive solution than its competitor. Currently, EigenLayer manages over $12 billion worth of assets on Ethereum, according to DeFiLlama. Although Kannan acknowledges the efficiency of Solana, the founder nonetheless picks out some limitations now that the platform is building a global state machine. At the top of the list is the blockchain’s sacrifice of programmability and verifiability.   Meanwhile, the EigenLayer lead thinks Ethereum is excelling, especially on performance, thanks in part to the success of rollups and the resulting wild adoption. This off-chain solution provides instant confirmation and is more performant than web2 applications. At the same time, Ethereum is programmable, enabling EigenLayer to add more features like an arbitrary decentralization of verifiable tasks. As a result, the liquidity restaking platform, Kannan adds, has enabled cloud-scale programmability. Layer-2 Platforms Thriving: Why Is ETH Struggling? The co-founder of Celestia, Mustafa Al-Bassam, also appreciates what Ethereum brings to the table and is absent or underdeveloped in other networks. In a post on X, Al-Bassam said the first smart contracts platform is “underrated.” Related Reading: Shiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back? Specifically, the co-founder lauded the thriving rollup ecosystem in Ethereum, saying it is “by far the largest and most successful.” As of September 30, L2Beat data shows that the layer-2 ecosystem in Ethereum manages over $38 billion, with Arbitrum and Base among the largest platforms. Even as Base and other Ethereum layer-2 platforms draw activity, ETH, the native currency, is struggling for momentum. The daily chart shows bulls have yet to break above $2,800, although support remains at $2,400. Dwindling upside momentum has been partly blamed on the proliferation of layer-2 scaling solutions. The network becomes inflationary as more activity is re-routed off-chain, and enhancements like Dencun are activated to make layer-2 transactions even cheaper. Looking at Ultra Sound Money, fewer ETH are not being torched. Feature image from DALLE, chart from TradingView

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Author: Cointelegraph by Arijit Sarkar
United States Source: Cointelegraph.com News
Sep 04, 2024 12:00

Arbitrum Stylus mainnet launch opens Web3 for traditional coders

Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees.

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Hong Kong Source: Blockchain News
Sep 29, 2024 02:15

Clarifying Misconceptions About Arbitrum's Timeboost Proposal


Addressing common misconceptions about Timeboost, a new transaction ordering policy proposed for Arbitrum chains, and clarifying its impact on MEV and transaction ordering. (Read More)

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Author: Michael Fasogbon
United States Source: NullTX
Sep 22, 2024 03:05

ARBITRUM PRICE ANALYSIS & PREDICTION (September 21) ARB Post 5% Daily Gain While Accumulating, Potential Bullish

ARB’s bears appeared to have reached an exhaustion point following the latest increase, initiated after a slight fall. The asset is currently accumulating daily as the price is slowly jerking up for a big rally. Looking back from where the price started to fall in the first quarter of the […]

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Author: NewsBTC
United Kingdom Source: Crypto Breaking News
Sep 18, 2024 05:50

Synthetixs Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant. Arbitrum Holders Vote Against Synthetix Proposal The goal was to support the launch of Multi-Collateral Perps. The [...]

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Author: Cointelegraph by Derek Andersen
United States Source: Cointelegraph.com News
Sep 18, 2024 12:00

Wintermute launches OutcomeMarket, US election prediction tokens

The new market will feature Chaos Labs Edge Proofs Oracle support, but probably wont be accessible in the United States.

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Author: NewsBTC
United Kingdom Source: Crypto Breaking News
Sep 17, 2024 05:50

DeFi Platform Delta Primes Loses $6 Million In Security Breach, Is North Korea Involved?

Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocols users. The attack took $6 million from the projects pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Hackers Drain $6 Million From DeFi Protocol [...]

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Author: Cointelegraph by Christopher Roark
United States Source: Cointelegraph.com News
Sep 18, 2024 12:00

Vitalik tells Ethereum L2s Stage 1 or GTFO Who makes the cut?

According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0.

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Author: Mishal Ali
Estonia Source: TronWeekly
Sep 14, 2024 02:30

Is Arbitrum (ARB) Gearing Up for a Rally? Price Gains Signal Hope

Arbitrum (ARB) has emerged as a major player in the decentralized exchange (DEX) market, accounting for over 14% of overall DEX volume, according to data from IntoTheBlock. However, only about 2% of $ARB holders are currently in profit. This raises the question of whether this is an opportunity for long-term accumulation or a potential warning […]

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Author: Cointelegraph by Alex O’Donnell
United States Source: Cointelegraph.com News
Sep 13, 2024 12:00

USDC issuer Circle adds Arbitrum to Web3 platform

Its Circles latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tethers USDT.

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Author: Oluwapelumi Adejumo
United States Source: CryptoSlate
Sep 11, 2024 01:10

Paxos to leverage Arbitrum for seamless real-world asset tokenization

Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate. This move aims to streamline institutional integration on Arbitrum for on-chain tokenization of real-world assets. Using Arbitrum, Paxos will tap into Ethereum’s liquidity, benefiting from faster speeds and lower […]

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Author: Nathaniel Cajuday
Philippines Source: BitPinas
Aug 10, 2024 02:50

Ubisoft is Developing Far Cry-Inspired Web3 Game on Arbitrum

Players can earn rewards while engaging with a familiar storyline inspired by Far Cry 3: Blood Dragon.

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Author: Maxwell Mutuma
United States Source: CryptoNewsZ
Aug 09, 2024 03:00

Franklin Templeton Debuts Money Fund on Arbitrum Network

The US-based investment management company Franklin Templeton, which has over $1.5 trillion in assets under management, has introduced…

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Author: Oluwapelumi Adejumo
United States Source: CryptoSlate
Aug 08, 2024 01:10

Arbitrum partners with Circle to integrate USDC for Orbit Chain gas fees

Arbitrum said it has collaborated with stablecoin issuer Circle to support the use of bridged USD Coin (USDC) as a custom gas token for Orbit Chains, according to an Aug. 7 statement shared with CryptoSlate. The Ethereum-based scaling solution stated that this development is part of a broader set of initiatives it is currently pursuing […]

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Author: Michael Fasogbon
United States Source: NullTX
Aug 05, 2024 03:05

ARBITRUM PRICE ANALYSIS & PREDICTION (August 4) ARB Pauses Selling At $0.6 After A Steady Weekly Drop, Can It Hold?

Arbitrums price has reached a critical trading level again in the latest dip. But it appeared to have found a temporal support and now trades calmly. A major move at this support will determine the next direction. After a three-week break from a low of $0.56 in July, Arbitrum retraced […]

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Author: Sanjib Saha
India Source: Crypto Bulls Club
Aug 29, 2024 04:05

Arbitrum ($ARB) Price Prediction 2024, 2025 to 2030

Arbitrum as of 28th August 2024 is trading at $0.5243 with a market cap of $1,833,215,289. Today, this layer 2...

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Author: Cointelegraph by Alex O’Donnell
United States Source: Cointelegraph.com News
Aug 28, 2024 12:00

Ondos USDY yield coin expands to Arbitrum

Tokenized treasury products are gaining widespread adoption on blockchain networks.

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Author: Will Izuchukwu
United States Source: NullTX
Aug 28, 2024 03:05

Arbitrium (ARB) Breaks Out: Bullish Momentum Builds Amidst Surging Social Activity

Arbitrium’s price has burst out of a bullish falling wedge pattern, setting the stage for a potentially explosive upward move. This development coincides with the project’s dominance in social activity, with a remarkable 6.8k engaged posts and 399k interactions in the past 24 hours, according to Phoenix. $ARB/USDT ANALYSIS ARB […]

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Author: Chayanika Deka
Bulgaria Source: CryptoPotato
Aug 24, 2024 01:00

Dencuns Aftermath: Ethereum Layer 2s See Surge in Failed Transactions

The Dencun upgrade doubled Ethereum L2 transactions but also caused higher failure rates, linked to bot activity.

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Author: Cointelegraph by Alex O’Donnell
United States Source: Cointelegraph.com News
Aug 24, 2024 12:00

Synthetix betting on new multi-collateral perps ahead of Arbitrum rollout

Synthetix faces fierce competition on the DeFi-oriented layer 2. 

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