Layer-2 protocols scaling the Ethereum blockchain are set to benefit from significantly reduced rollup costs when the Dencun hard fork hits mainnet. Still, end-users might not reap the full benefit immediately. Polygon Labs VP of Product David Silverman tells Cointelegraph that Ethereum’s latest hard fork, which features several improvement proposals (EIPS), will take a few…
Bitcoin (BTC) price witnessed a sharp correction shortly after hitting a new all-time high at $69,324 on March 5 Meanwhile, altcoins, led by memecoins and AI-themed cryptocurrencies, have outperformed BTC over the last week, initiating a debate on whether the altcoin season (altseason) is here. Total crypto market capitalization hits $2.5 trillion Bitcoin’s brief escapade above $69,000 on March…
The TON blockchain, which powers Telegram’s new advertising platform, continues to attract significant investment from Web3 players looking to tap into its 800 million monthly active user base. Mirana Ventures is the latest firm to invest in the TON ecosystem after acquiring $8 million of the network’s native Toncoin token. The investment is set to…
Seamless Protocol is launching an Integrated Liquidity Market (ILM) on Lido for wrapped staked Ethereum (wstETH), offering borrowing strategies for tokenholders seeking an alternative to traditional restaking. According to Seamless, the ILM will enable stakers on Lido to automatically use a borrowing strategy and compound positions on wstETH, meaning that it automatically reinvests the returns…
Of the 44 active Ethereum layer-2 (L2) blockchains in existence today, “only a few” will still be around in five years, said Kenny Li, co-founder and chief operating officer of Manta Pacific. According to data from L2Beat, there are currently a total of 44 active Ethereum L2 networks, boasting a combined total value locked (TVL) of $36.92 billion,…
Ethereum staking protocol EigenLayer has shot past lending protocol Aave in its total value locked (TVL), with $10.4 billion worth of crypto committed to the protocol after temporarily removing a cap on how much users could stake. On March 5, EigenLayer hit an all-time high TVL of $11 billion, surpassing Aave’s 21-month high $10.7 billion…
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