Stacks smart contracts reach record high ahead of Nakamoto upgrade

Stacks hit a record of over 1,400 monthly smart contract deployments ahead of the Nakamoto upgrade, which is set to revolutionize Bitcoin DeFi and scalability.

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Fractal Bitcoin: good or bad for mining revenues?

August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.

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Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

Vitalik Buterin noted that Celos second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

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Ethereum layer-1 network revenue collapses Whats causing it?

Layer-2 monthly active users and daily transaction counts have both doubled since March 2024, according to Token Terminal.

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Movement Labs targets 1-second L2 finality by end of 2024: Co-founder

Apps will be able to settle directly on Movements L2 with fast finality postconfirmations secured by stakers, the co-founder said.

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Solutions without problems: How many Ethereum layer 2s are too many?

 Layer 2s are a short-term success story, but the long-term picture appears less rosy.

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EigenLayers EigenDA to support layer-2 native token restaking

Users will be able to earn restaking yield from layer-2 tokens on EigenDA.

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Astar Network Unveils Evolution Phase 1 with Soneium Transition

Astar Network announces Phase 1 of its evolution, transitioning Astar zkEVM to Soneium L2, a collaboration with Sony Group and Startale. (Read More)

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Linea receives first contributor for open-source L2 rollup

Status partners with Linea, marking the beginning of a significant contribution to Lineas zkEVM-powered L2 rollup as part of a broader decentralization effort.

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Ethereum DApp volumes drop 33% in a week Is more ETH price weakness ahead?

Ethereums dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price?

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Ton Application Chain and Polygon team up to launch new TON L2

Ton Application Chain and Polygon Labs say the L2 integration will bring a range of new applications, including DeFi and GameFi, to users of the TON ecosystem.

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Ethereum and layer-2 addresses surge 127% this year Glassnode

While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024.

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Dune Partners with Conduit for BOB L2 Integration

Dune Catalyst announces a strategic partnership with Conduit to integrate BOB L2, aiming to expand its product offerings and accommodate more chains rapidly. (Read More)

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Tezos Paris upgrade: Faster L2 transactions, lower Fees

Tezos 16th upgrade is now live on the mainnet, reducing block finality times to just 10 seconds. This improvement aims to enhance layer-2 scalability in the future.

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Diverging Fortunes: Nvidia Propels S&P 500 While Smaller Companies Struggle

The S&P 500 is soaring to new heights, largely propelled by one company: Nvidia. In contrast, smaller and less prominent companies are struggling, with their values significantly below previous highs. The Russell 2000 index, representing smaller companies, has dropped 17% from its peak in November 2021 and has shown no progress this year. Within the [...]

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ZkSync (ZK) Drops 20% Amid Binance Listing And New Token Distribution Program

ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the projects announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program [...]

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MultiversX boosts layer-2 transaction speed with Sovereign Chains

Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains.

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Base TVL surges to $8B just days after overtaking OP Mainnet

Base has topped the Ethereum layer-2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.

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Ethereums Bold Move: Reasons to Embrace L2 Protocol

Ethereum co-founder Vitalik Buterin has called for the development of an open, decentralized protocol to facilitate the rapid transfer of assets between Layer 2 (L2) solutions. In a recent statement, Buterin emphasized the necessity of a protocol that operates without the need for operators or management, providing users with a seamless and efficient experience. Buterin’s […]

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Stacks active accounts reach record high amid growing interest in Bitcoin DeFi

The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks product manager.

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