Technology

Level 2: what is the reason and when will the hype around L2 solutions subside?

On August 9, Coinbase opened the L2 network Base to the public. Linea was launched a few weeks earlier, followed by Mantle and opBNB, and Shibarium went mainnet at the end of August.

According to L2Beat, there are at least nine more L2 protocols in the pipeline.

In this article we analyzed the current state of the sector to find out why developers' focus has shifted to Layer 2 solutions and how long the "L2-summer" will last. Enjoy your reading!

Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay, a renowned provider of cryptocurrency payment solutions, has announced its ambitious plan to launch a Layer 1 blockchain called Alchemy Chain. This groundbreaking move aims to support the “growing needs” of its business operations and provide an efficient, scalable infrastructure for large-scale applications. The announcement sheds light on

Project by Trump’s Sons Launches User Verification: An Insight into World Liberty Financial's KYC Procedure and Community Reactions

In mid-September 2024, former President Donald Trump unveiled a new venture called World Liberty Financial, a project that has garnered attention not only for its political ties but also for its ambitious goals in the blockchain space. Developed in collaboration with his sons, this project aims to create a landing

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

Read next