layer 2


Finance

Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster

Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual misconduct allegations recently surfaced.

Lunar eclipse (Justin Sullivan/Getty Images)

Tech

Celo Community Ratifies Plan to Use Optimism's OP Stack for New Layer-2 Chain

The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.

Celo Foundation President Rene Reinsberg (Celo)

Finance

Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain 'Eclipse' to Step Back

Neel Somani, founder of Ethereum scaling chain Eclipse, said multiple sexual misconduct allegations circulating against him on X were "false."

Eclipse founder Neel Somani has stepped back as a "public face" for the company amid sexual misconduct allegations. (Andrew Gonzalez Photography

Markets

Why Base Chain Has Potential to Lock the Next Generation of Crypto Users

The next era of Web3 will be defined by the ability of projects to attract and retain users, says Kelly Ye of Decentral Park Capital. Coinbase’s Ethereum Layer 2 is showing the way forward.

Santa Monica Pier

Tech

Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s

CLabs officially proposed using Optimism’s OP Stack for the transition. The proposal will be discussed on a couple of community calls and then go to a vote among holders of the project's CELO tokens, under the chain's governance rules.

Celo Foundation President Rene Reinsberg (Celo)

Markets

Bitcoin Layer 2 Coins, STX, ELA, SAVM, Outperform BTC After Halving

Top Bitcoin Layer 2 coins have risen 5% to 20% since halving, leaving BTC behind, according to data source CoinGecko.

STX's price. (CoinDesk)

Tech

Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots

Avail shared in a blog post that 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.”

Avail co-founders Anurag Arjun and Prabal Banarjee (Avail)

Tech

Worldcoin, Sam Altman's Crypto Project, Is Building a Layer-2 Chain

The human-focused blockchain network will be based on the OP Stack, a framework for building Ethereum-based layer-2 chains.

Worldcoin's iris-scanning technology is being questioned by regulators (Danny Nelson/CoinDesk)

Tech

Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet

OKX's comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.

OKX Chief Marketing Officer Haider Rafique (OKX)

Tech

Alpen Labs Looks to Scale Bitcoin With Zero-Knowledge Proofs Using $10.6M Funding

Alpen Labs has emerged from stealth mode following the funding round, having spent the last year developing Bitcoin rollup infrastructure to bring smart contract functionality to the network

16:9 Alps mountains (Simon Fitall/Unsplash)