layer 2

layer 2

Markets

Polygon Co-Founder Mihailo Bjelic Exits Layer 2

Polygon, initially known as Matic, was founded by Jaynti Kanani, Sandeep Nailwal, Mihailo Bjelic, and Anurag Arjun.

Polygon co-founders Sandeep Nailwal (left) and Mihailo Bjelic (Polygon Labs)

Tech

'Everything Is Encrypted': Aztec’s Privacy Rollup Hits Testnet Amid Growing Demand

The solution comes after 8 years of development and as institutions seek transaction confidentiality.

Credit: Shutterstock

Tech

Celo Migration to Layer-2 Network Is Done, Bringing in New Era for the Blockchain

The transition ends a long journey beginning back in July 2023 and a fierce competition, won by Optimism, convincing the Celo ecosystem to build with their tech.

Celo co-founders Marek Olszewski and Rene Reinsberg (Celo Foundation)

Tech

Binance Labs-Backed Network Hemi Debuts $440M Mainnet to 'Unify' Bitcoin, Ethereum

Hemi Labs has signed up dozens of protocols, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC and oracles RedStone and Pyth.

Jeff Garzik, co-founder of Hemi Labs (TEDx)

Tech

Ethereum L2 Starknet Seeks 'Bitcoin's DeFi Take-Off Moment' With BTC Wallet Xverse

The aim is to provide a Bitcoin DeFi experience using trust assumptions as the next big thing to zero-knowledge proofs until such a time that OP_CAT is adopted

StarkWare CEO Eli Ben-Sasson (Margaux Nijkerk)

Tech

Facebook-Developed MoveVM Gets Closer to Ethereum Deployment With Public Mainnet Beta Launch

The mainnet launches with over $233 million worth of BTC, ETH and native asset MOVE in liquidity raised through Movement's Cornucopia program

Movement Labs co-founders Cooper Scanlon and Rushi Manche (Movement Labs)

Tech

Layer-2 BOB's 'Bitcoin DeFi' Continues Progress With Fireblocks Integration

Fireblocks users can now earn yield on their BTC holdings via BOB's network

BOB team (BOB)

Tech

Could 'Based Rollups' Solve Ethereum's Layer-2 Problem?

As layer-2 chains continue to proliferate, some Ethereum developers are pushing rollup tech that takes a new approach to interoperability: “based rollups.”

Los rollups no tienen la seguridad de Ethereum. (Luigi Pozzoli/Unsplash)

Tech

Uniswap Labs Officially Launches Layer-2 ‘Unichain’

Powered by Optimism's OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum's mainnet.

Uniswap Labs CEO Hayden Adams (Uniswap Labs)

Tech

UBS Tests ZKSync's Layer-2 Tech, Showing Deeper TradFi Interest in Crypto

The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.

UBS Bank (Wikipedia)