STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar
More than 490,000 individual wallets claimed 420 million starknet (STRK) tokens in the 24 hours after the highly anticipated airdrop went live, with the token’s market cap remaining above $1.2 billion.
Polygon Releases ‘Type 1 Prover,’ Claiming Milestone Set by Ethereum’s Vitalik Buterin
The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to “all of the liquidity and value on Ethereum itself,” Polygon said.
Solana Co-Founder: The Blockchain Doesn’t Need Layer-2s Like Ethereum
Solana co-founder Anatoly Yakovenko has expressed confidence that their blockchain can handle the growing demand for decentralized applications (dapps) without needing layer-2 solutions like those employed by Ethereum.
Solana Doesn’t Need Layer-2 Solutions
In a post on X, Yakovenko argued that Solana’s design, which utilizes a hybrid consensus mechanism, enables it to scale efficiently without relying on additional layers. The co-founder explained that their goal is to eventually synchronize a global atomic state machine “as fast as the laws of physics allow.” With this stance, Yakovenko appears to be downplaying the role of layer-2 off-chain options like Arbitrum and Base.
“Solana aims to synchronize a global atomic state machine as fast as the laws of physics allow,” Yakovenko said on X. “In this end state, any layer-2, side chain, or zero-knowledge proof Valadium amounts to the same thing. They are external execution environments that cannot ensure atomic composition with the rest of the layer-1 state.”
Despite the position Yakovenko takes, the co-founder said the floor is open for developers to create layer-2 solutions. However, it won’t be necessary because the network can handle such demand without such workarounds.
Ethereum Is Confident Layer-2s Will Be Key To Scaling
This stance contrasts Ethereum’s approach, which increasingly relies on layer-2 solutions to alleviate congestion and high transaction fees. Layer-2 options such as Optimism and Arbitrum have gained popularity for their ability to offload transactions from the mainnet while maintaining compatibility with existing smart contracts.
To quantify their role in scaling Ethereum, L2Beat data shows that the layer-2 solutions have a combined total value locked (TVL) of over $20 billion. The largest of them is Arbitrum, which manages $10 billion of assets when writing on January 5.
Though Yakovenko’s comments reflect Solana’s focus on providing a high-performance, low-cost environment for apps, there have been instances when the network froze, calling its reliability into question. To resolve this, the platform plans to upgrade its client, adding the Firedancer for increased node reliability and performance.
On the other hand, Ethereum seems to be going the layer-2 route. During their developer call, it was decided that Ethereum’s gas limit won’t be increased further from the 30 million gwei level. This, analysts concluded, meant the delay of on-chain scaling ambitions for off-chain methods, specifically off-chain and sidechain rails.
Ethereum scaling firm =nil; Foundation introduces security-focused zkEVM
A new Ethereum zero-knowledge proof compiler could address security concerns identified in different zkEVM solutions.
Ethereum L2 Starknet aims to decentralize core components of its scaling network
Starknet has laid out its road map to begin decentralizing core components of its Ethereum layer 2 scaling network to defend against censorship and improve robustness.
Celestia’s TIA Token Rises 200% Since Debut Despite Muted On-Chain Activity
Newly-launched modular blockchain Celestia has experienced a slow start in terms of on-chain activity, but that hasn’t reduced the appetite of traders who have spurred a speculative rally to $6.30, 200% higher than when it debuted at around $2.10 two weeks ago.
Idealistic Ethereum community-built zkEVM Scroll launching in weeks
Scroll co-founder Ye Zhang is aiming for a community-driven decentralized immutable scaling solution for Ethereum.
BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet
Binance’s Ethereum layer-2 scaling platform, opBNB, is now publicly available, following extensive testing of the OP Stack-based platform.
Polygon makes new sidechain developer stack opensource, supporting ZK-powered Layer 2s on Ethereum
Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem.
Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy
Layer 2 network Mantle has staked 40,000 ether (ETH) on staking protocol Lido after it passed a governance vote on treasury management earlier this month.
$26M ETH bridged: ConsenSys completes public launch of zkEVM Linea
ConsenSys’ Ethereum scaling network Linea is now fully public, having processed over three million transactions and bridging $26 million in Ether.
3 reasons why Ethereum price is still pinned below $1,900
PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal.
Mantle’s MNT Token Outpaces Rival Layer 2 Blockchains Over Past 24 Hours
After launching its mainnet on Monday, Mantle’s utility and governance token has jumped roughly 4%, more than the native tokens of Arbitrum and Optimism over the past day.
Healthy competition welcome — Polygon zkEVM lead
Prominent Ethereum development firms have rolled out varying zero-knowledge scaling solutions that drive healthy competition in the ecosystem.
Ethereum scaling protocols drive zero-knowledge proof use in 2023
Ethereum scaling remains the primary use case behind zero-knowledge proofs, according to a report from ZKValidator.
ConsenSys launches Linea zkEVM to further scale Ethereum
ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
Starknet Plans ‘Quantum Leap’ Upgrade Next Week After Testnet Version Deployed
The upgrade will increase the number of transactions per second the blockchain can handle as well as reduce the time-to-inclusion.
Starknet Plans ‘Quantum Leap’ Upgrade Next Week After Testnet Version Deployed
The upgrade will increase the number of transactions per second the blockchain can handle as well as reduce the time-to-inclusion.
Starknet Plans ‘Quantum Leap’ Upgrade Next Week After Testnet Version Deployed
The upgrade will increase the number of transactions per second the blockchain can handle as well as reduce the time-to-inclusion.