Ethereum Layer 2 scaling solutions have been becoming popular. The L2 solutions scale applications and handle...

Avalanche-based decentralized exchange (DEX) Trader Joe plans to deploy on Ethereum layer 2 (L2) scaling solution Arbitrum. According to Offchain Labs, the startup developing...

Arbitrum Continues to Lead Sector After Nitro Upgrade and OpenSea Integration Ethereum’s Layer 2 (L2) ecosystem is seeing record network activity despite the bear market,...

Approximately around 23 new ADA staking pools have appeared in the Cardano network in the past 24 hours, each holding a massive 62 million ADA, according to a recent tweet by @Cardanians_io. The move resulted in ADA soaring to 6.7% in the past 24 hours. With the newly created pools, the live stake therefore, has risen to a whopping $1.5 billion worth of ADA with the overall amount of staked ADA now surpassing 73% of Cardano’s native coin in circulation. The aforementioned pools allow users to stake their ADA with those pools in order to earn awards in the same coin based on the proof-of-stake consensus algorithm. 23 new pools have been created in the last 24 hours. Each has a stake of 62M ADA. The live stake has increased by $1.5 billion ADA. The number of staked $ADA coins is over 73%, which is an excellent result in the context of the #DeFi boom. Someone really big likes #Cardano. — Cardanians.io 🥩 with CRDN 🏊 (@Cardanians_io) March 22, 2022 Cardano Now at Par With Ethereum L2 network? According to a recent tweet from @cardano_whale, last weekend, the Cardano network’s total value locked, including staking, has witnessed the most significant one-month increase. Across all DeFi protocols on the Cardano network, the total value locked has increased by $10 million while the aggregated TVL of the Cardano network amounts to $277 million, according to data from DeFi Llama. Cardano’s Total Value Locked including staking is now up to 22nd, the largest 1 month increase across all protocols with TVL > $10m. Cardano’s dominance in DeFi is now on par with Ethereum’s Optimism L2 (0.2%), keeps rising fast — ADA whale (@cardano_whale) March 20, 2022   At the time of writing, Cardano is trading at $0.954826, which is an increase of 18.9% compared to seven days before, when its price was $0.79, according to data from CoinGecko. Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalization, which at press time amounts to $30 billion.

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One of the more prominent ethereum second layer solution, Optimism, has raised $150 million at a valuation of $1.65 billion. Stripe, Paradigm, a16z, Nascent and others participated with Jinglan Wang,...

According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware announced the team has inked a […]

March 8, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ President Joe Biden is expected to sign a crypto executive order[...]

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Yearn Finance got deployed to Ethereum’s L2 arbitrum and is now officially live so let’s find out more in today’s latest Ethereum news. YEarn Fiannce is a Defi protocol that provides yield farming, lending aggregation, and many other services. Today, it launched on another blockchain, the well-known Arbitrum. Arbitrum is the largest Ethereum layer 2 […]