Ethereum has come a long way since it first introduced smart contracts and decentralized applications (dApps) to the blockchain world. But with popularity comes pressure—network congestion, painfully high gas fees, and slower transaction times. That’s where Optimism comes in, a Layer 2 scaling solution designed not just to patch Ethereum’s ...
Scalability with Ethereum has always been a hurdle that DeFi transactions have had to battle with, because Ethereum’s Layer 1 can only process around 15-30 transactions per second(TPS). This leads to network congestion, slower transaction times, and high gas fees, and to overcome this hurdle, developers have turned to Layer ...
Interest in Ethereum's scalability solutions has gone way up this year. On March 16, Layer 2 networks saw a significant spike, with transactions surpassing Ethereum's mainnet by 48%. On that day, Orbiter Finance reported over 1.54 million transactions on Layer 2 platforms, more than Ethereum's 1.04 million transactions. On February ...
Arbitrum One holds the crown as the leading Ethereum Layer 2 (L2) solution. It currently dominates the Layer 2 chain market with over $1.82 billion locked in its numerous dApps, which amounts to more than 45% of the total value of all available L2 chains. Beyond its market value, Arbitrum ...
Avail has achieved a significant milestone in its plans to reduce transaction costs for Layer-2 and Layer-3 solutions on the Ethereum network with the launch of its testnet data attestation bridge. The company announced this new development on Friday, July 7, 2023. The testnet bridge addresses the challenge of "data ...
