layer 2

layer 2

News Analysis

Crypto’s ‘Decentralized’ Illusion Shattered Again by Another AWS Meltdown

The October AWS outage took down some of crypto’s most prominent companies and networks. Many in the community pointed out their lack of decentralization.

A plug disconnected from its electricity socket.

Tech

Monad’s Fast EVM Chain Promises ‘Night and Day’ Performance Gains

CoinDesk sat down with Monad Foundation’s Director of Growth Kevin McCordic to talk about the architecture behind the blockchain.

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Tech

The Protocol: 77% of Bitcoin Holders Have Never Used BTCFi, Survey Reveals

Also: Ethereum Fusaka Upgrade on Holesky, DoubleZero Goes Live and Bee Maps Raises $42M.

Survey

Tech

Ethereum’s Fusaka Upgrade Could Cut Node Costs, Ease Adoption

Fusaka – a blend of the names Fulu and Osaka – consists of two simultaneous upgrades to Ethereum’s consensus and execution layers, respectively.

Ethereum Logo

Finance

Gate Rolls Out Token Launcher ‘Gate Fun’ on New Layer-2 Network

The exchange’s new token launchpad lets users create and trade tokens in minutes, expanding the ecosystem around Gate Layer, its recently launched OP Stack–based blockchain.

Gate (Gate)

Tech

Is Ethereum’s DeFi Future on L2s? Liquidity, Innovation Say Perhaps Yes

Ethereum is in the midst of a paradox. Even as ether hit record highs in late August, decentralized finance (DeFi) activity on Ethereum’s layer-1 (L1) looks muted compared to its peak in late 2021. Meanwhile, layer-2 (L2) networks like Arbitrum and Base are booming, with billions in total value locked (TVL).

Chip, computer

Finance

Base Explores Issuing Native Token, Says Creator Jesse Pollak

At the BaseCamp event, Jesse Pollak revealed the layer-2 network is considering a native token, though plans remain in early stages.

Jesse Pollak (courtesy Winni Wintermeyer/Coinbase)

Opinion

Your Company Probably Doesn’t Need Its Own L2

According to EY’s Global Blockchain Leader Paul Brody, only companies that can aggregate significant transaction volume into the network, and whose customers can't make their own direct connection to Ethereum, would benefit from creating their own layer 2.

Photo by Markus Spiske/Unsplash/Modified by CoinDesk

Tech

Silent Data Becomes First Privacy-Focused Layer 2 to Join Ethereum’s Superchain

The project is one of over 30 layer-2 networks working to scale Ethereum.

DeFi networks are global. (NASA/Unsplash)

Tech

Ethereum Foundation Targets Interoperability as Top UX Priority

The initiative marks a strategic pivot: after years spent scaling throughput and lowering costs, the protocol team is now zeroing in on interoperability as the key to user experience.

Ethereum Logo