Tag: layer2

Solaxy Secures $32 Million to Revolutionize Solana with Layer 2 Solution

Solaxy Secures $32 Million to Revolutionize Solana with Layer 2 Solution

Solaxy, the first Layer 2 solution on Solana, recently raised over $32 million. This funding will significantly improve the network’s chronic congestion and scalability problems. Solaxy is utilizing Layer 2 technology to increase the efficiency of transactions and reduce congestion. We believe that this new initiative will help release creative...

Ethereum's Market Share Dips Amidst Layer 2 Scaling Efforts

Ethereum's Market Share Dips Amidst Layer 2 Scaling Efforts

Ethereum, the second-largest cryptocurrency by market capitalization, is currently navigating a complex landscape of declining market share and ambitious technological development. Ethereum remains the bedrock for all decentralized finance (DeFi). Despite its recent developments, Ethereum is at risk of losing its dominance as new competitors arise and as its scaling...

Scroll's TVL Tank: Airdrop Dump or Deeper L2 Problem?

Scroll's TVL Tank: Airdrop Dump or Deeper L2 Problem?

Let's face it, the timing is suspect. Scroll’s TVL plummeted immediately after the SCROLL token airdrop snapshot. The knee-jerk reaction? Airdrop farmers, pure and simple, dumping their bags and running to the next honey pot. But is that really the whole story? I believe it’s really lazy analysis to just...

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