Layer2 News

South Korean crypto exchange Upbit confirmed it has launched Giwa, an Ethereum layer 2 on testnet, focused on one-second block times and optimizing user experience.

The USDm stablecoin, built with Ethena and backed by tokenized treasuries, will use its yield to subsidize Ethereum sequencer fees.

Ethereum layer-2 Kinto’s token plummeted after its team announced its blockchain would wind down on Sept. 30, months after a $1.6 million hack.

A sequencer failure froze Starknet block production for nearly three hours, forcing transaction resubmissions and raising new doubts about network reliability.

Ethereum Foundation researchers said interoperability is the top near-term UX priority, with focus on intent-based architecture, speed and unifying standards.

Rollup-based layer 2s destroy crypto’s trustless nature through centralized sequencers that control inclusion, ordering and execution of transactions.

USDT0 expands to 11 networks with Polygon integration, while XAUT0 grows following its TON debut and HyperEVM integration.

Base’s 70% NFT trading volume surge to $47 million in the last 30 days puts it above competitors like Immutable and Solana.

Crypto is building a new layer, not for money, but for truth. Markets, AI and protocols must fix the broken systems of science and verification.

Bitcoin and altcoins continue to sell off, but Solana’s fundamentals and accelerating institutional traction hint at a price recovery to $200.

A viral run on Zora pushed Base ahead of Pump.fun and LetsBonk, but Solana still leads in users, transactions and overall activity.

ETH futures hit record open interest, but weak leverage demand and rising layer-1 rivals cast doubt on the sustainability of Ethereum’s recent price rally.

Cointelegraph presents “The Fight for Ethereum’s Soul,” a documentary on the future of the smart contract blockchain protocol.

Build on Bitcoin raised $21 million to unlock native BTC DeFi with a new bridge, hybrid layer-2 infrastructure and institutional investor backing.

Adam Back’s Blockstream has launched Bitcoin-native smart contract programming language Simplicity, offering an alternative to Ethereum’s Solidity.