Ethereum co-founder Vitalik Buterin has endorsed Coinbase’s Base network as a model Layer-2 solution that successfully balances efficiency with security. Buterin emphasized Base’s non-custodial safeguards and its proper integration with Ethereum’s decentralized base layer. The endorsement comes amid ongoing discussions about Base’s sequencer design and decentralization roadmap.
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Buterin Praises Base L2 for Balancing Centralization & Security
Ethereum founder Vitalik Buterin has publicly endorsed Coinbase’s layer-2 network Base for striking what he calls the right balance between user experience and security. Buterin emphasized that Base leverages centralized elements to improve UX while maintaining Ethereum’s decentralized security foundation. The endorsement comes amid ongoing debates about the network’s centralized aspects and security implications.
read moreVitalik Buterin Praises Coinbase’s Base as L2 Benchmark
Ethereum co-founder Vitalik Buterin has publicly endorsed Coinbase’s Base network, describing it as a benchmark for how Layer 2 solutions should function. In a rare show of praise, Buterin highlighted Base’s unique balance of practical usability with the core security guarantees of Ethereum, a combination that positions it as a model for the burgeoning L2 sector. This endorsement arrives as Base solidifies its market position, processing approximately 160 transactions per second and securing nearly $15 billion in total value locked, making it a dominant force in the competitive Layer 2 landscape.
read morePOL Holds Key Support; Breakout Could Trigger 270% Surge
Polygon’s POL token is consolidating above a key support range of $0.19-$0.21, with analysts like Crypto Patel suggesting a breakout above $0.28 could trigger a 270% price surge to $0.70 or higher. The token’s structure remains valid as long as it stays above $0.15 on higher timeframes. However, Polygon’s zkEVM chain has seen a significant drop in Total Value Locked (TVL) below $20M, with development stalled and leadership changes adding to uncertainty. Market sentiment is mixed, with bullish crowd sentiment contrasting bearish internal models. Traders are closely monitoring the $0.28 level for a potential trend shift.
read moreBOB Upgrades to ZK Fraud Proofs for Bitcoin DeFi
Build on Bitcoin (BOB), a layer-2 blockchain network, has implemented zero-knowledge (ZK) fraud proofs within an optimistic rollup framework, marking a significant technical upgrade. This shift replaces traditional slow fraud-checking methods with faster cryptographic proofs, resolving disputes in minutes. The upgrade positions BOB closer to achieving full decentralization on L2Beat’s rankings while expanding Bitcoin’s DeFi potential to rival Ethereum’s ecosystem. By combining optimistic rollups with ZK proofs, BOB aims to enhance scalability, security, and efficiency for Bitcoin-based decentralized finance.
read moreBase Achieves Stage 1 Decentralization with Fault Proofs
Base has achieved ‘Stage 1 Decentralization’ by introducing fault proofs and a decentralized Security Council, marking a significant step toward reducing reliance on centralized operators. Fault proofs enable permissionless dispute resolution, while the Security Council requires a 75% consensus for contract upgrades. According to L2Beat, Base is now the 10th out of 62 rollups to reach this stage. The move strengthens infrastructure certainty for developers and eliminates single points of failure. Base aims to further decentralize by exploring zero-knowledge proofs and advancing toward Stage 2, where no group can override the system’s code.
read moreEthereum Faces Inflation as Layer 2 Solutions Impact Burn Mechanisms
Ethereum is facing criticism as its market supply has turned inflationary, with nearly 20,000 ETH added since the transition to proof-of-stake. This shift is attributed to the rise of Layer 2 (L2) solutions, which are diverting activity from the base layer and undermining the network’s burn mechanisms. Critics argue that the current L2-focused scaling strategy is detrimental, with over $37 billion secured by these structures, leading to questions about their long-term value to the ecosystem.
read moreEthereum Layer 2 Networks Achieve Record Total Value Locked of 51 Billion
Ethereum layer-2 (L2) networks have achieved a record total value locked (TVL) of over $51.5 billion, marking a 205% increase from $16.6 billion in November 2023. Arbitrum and Base are the leading contributors, holding $18.3 billion and $11.4 billion in TVL, respectively. The recent Dencun upgrade has significantly stabilized fees across L2s, with some networks experiencing a 99% reduction in median transaction fees.
read moredYdX v3 Shuts Down on Ethereum Leaving Over 70 Million Locked
dYdX has officially shut down its v3 platform on Ethereum, transitioning to its new dYdX Chain on Cosmos, leaving over $70 million in user funds stranded. Many users failed to withdraw their assets before the deadline, complicating retrieval through the “Escape Hatch” mechanism designed for security. Despite the challenges, over $30 million has been successfully withdrawn as traders adapt to the new platform, which promises lower fees and faster processing speeds.
read moreEthereum’s Path to 100K TPS and the Future of Scaling Solutions
Ethereum aims to scale to 100K transactions per second (TPS) as part of its roadmap’s “Surge” phase, with current improvements driven by rollups and alternative data availability solutions. The upcoming EIP-4844 upgrade is expected to significantly reduce costs for Layer 2 rollups. However, achieving this ambitious goal requires advancements in data availability, compression, and execution efficiency while maintaining decentralization and enhancing user experience across chains.
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