Layer2 News

Optimism has garnered interest from the most influential figures in the crypto Industry, like Vitalik Buterin.

The past week in DeFi saw the launch of another $100M fund by Solana and the number of DAOs surge over 8x with increased protocol activity.

Although the airdrop took place less than two weeks ago, problems have already arisen for the vaunted layer-2 scaling solution’s team and market maker.

The use of a Dutch auction on its own chain may be two major factors that contributed to the sale’s success in selling out the Land plots and keeping gas fees low.

Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees.

The Ethereum co-founder has often advocated for projects to move away from coin voting in DeFi and DeGov, as it will enable smaller holders to participate in governance.

There are currently 38 projects deployed on the Ethereum layer-2 network. More are expected as attention shifts to scalability.

“Why should Optimism Collective continue rewarding these kinds of mercenary actors who will dump their tokens on first sight? Why should any future airdrops reward these addresses?” an OP governance member argued.

“Wow, what a day. OP Drop #1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work,” Optimism stated.

The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity.

Ethereum layer-2 developer StarkWare raises a further $100 million despite a gloomy outlook for the cryptocurrency space.

A mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months.

“Ethereum’s overwhelming mindshare helps explain why its users have been willing to pay more than $15 million in fees per day on average just to use the blockchain,” a16z stated.

Cross-chain bridging protocol Hop has launched Hop DAO, its community-owned governance structure that will see early users airdropped 8% of all HOP tokens.

Despite layer-2s offering relatively cheap transactions, Vitalik Buterin said that all transactions need to be under $0.05 to be truly acceptable.