Layer 2 News

Bitlayer says it has raised $11 million in its series A round led by Franklin Templeton and ABCDE, bringing its total funding to $16 million.

MNT, the native token of Mantle Network, the Layer-2 technology stack for scaling Ethereum, has experienced a price surge of 12% in the last 24 hours, now trading at $0.8578. This surge in MNT’s value comes amidst a broader decline…

Cross-chain interoperability protocol Owlto Finance has raised new funds in a round backed by Matrixport, propelling its valuation to $150 million. Owlto Finance, a cross-chain bridging service developed as Ethereum‘s layer-2 roll-up solution, has attracted fresh capital in a funding…

ApeCoin’s own network, ApeChain, has launched its testnet, although Yuga Labs co-founder Greg Solano admits there “won’t be much to do” on it initially. ApeChain, a layer-2 solution incubated by the ApeCoin DAO community, has got its first testnet dubbed…

Hong Kong-based crypto exchange HashKey has announced the launch timeframe for its own Ethereum layer-2 solution called HashKey Chain. Hong Kong’s largest licensed crypto exchange operator, HashKey Group, has announced the launch period for its Ethereum layer-2 solution dubbed HashKey…

The layer 2 network Blast is attracting more and more attention from the community, while critics call the project a pyramid. Blast is an Ethereum-based layer 2 network launched by Tieshun Roquerre, known as Pacman, who is also behind the…

Blast token price dropped by over 6% on Wednesday after the developers distributed 17% of its supply to users who farmed points by staking ether earlier this year. After opening at $0.30, the token dropped to $0.025 as some of…

Switzerland-based blockchain startup Aleph Zero has launched a testnet for its ZK-privacy layer-2 solution zkOS capable of achieving “subsecond proving times.” Aleph Zero, a Swiss firm focused on developing privacy-first blockchain solutions, is launching the developer testnet for its Aleph…

European law enforcement agency Europol slammed crypto mining as well as layer-2 solutions, saying they cause “additional problems for law enforcement investigations.” European law enforcement agency Europol has criticized crypto mining and layer-2 blockchain solutions, asserting that they pose “additional…

Blockchain infrastructure designed Alchemy has launched a development kit rollup-centric innovation in the crypto ecosystem. 

Alchemy Pay will integrate with Scroll, a Layer-2 scaling solution for Ethereum.  This development will leverage zero-knowledge technology and compatibility with the Ethereum Virtual Machine (EVM), which means that users can acquire and access USDT and USDC on Scroll through…

Speaking at Money 20/20 in Amsterdam, Rootstock Labs’ Ricardo Castro told listeners that the Bitcoin layer-2 protocol focuses on global defi access, especially in emerging markets. 

Ethereum ecosystem contributor Polygon Labs increased its zero-knowledge investment to $1 billion with its acquisition of the startup Toposware.

Without Bitcoin defi, Nakamoto’s dream of developing a Bitcoin alternative to legacy financial systems will never fully come true.

Ethereum co-founder Vitalik Buterin proposed introducing multidimensional gas pricing.

The leading Ethereum decentralized exchange, Uniswap, contributes substantially more volume to layer 2 blockchains compared to the activity seen two years ago.