The Coinbase-backed Ethereum layer-2 network Base has surpassed $4 billion in total value locked (TVL), making it the third-largest Ethereum layer 2. Base’s 30-day transaction count and average daily transactions per second (TPS) have outpaced Ethereum and Arbitrum, with a meme token market capitalization exceeding $1.6 billion. However, Base faced challenges with an increase in successful phishing scams, resulting in $3.35 million stolen last month. Ethereum’s focus on improving layer-2 transaction data processing could benefit platforms like Base, as analysts predict Ethereum’s scaling ecosystem could reach a $1 trillion market capitalization by 2030.
read moreStarknet
0 in Finance and 0 in Crypto last week
Ethereum Layer-2 Base Surpasses $4 Billion TVL, Outperforms Rivals in Transactions
Coinbase’s Ethereum layer-2 blockchain Base has surpassed $4 billion in total value locked (TVL) for the first time, with a 13.2% surge in the past week and 30-day transactions surpassing Ethereum and Arbitrum. Base’s 30-day transaction count hit 50.34 million, exceeding its rivals, while its average daily transactions per second (TPS) jumped by 29.7% over the week. Additionally, Base’s meme token market capitalization has reached over $1.6 billion, reflecting a 13% increase over the last day. However, the network has also seen an 18-fold increase in successful phishing scams from January to March, with $3.35 million stolen last month.
read moreDecentralized Exchange Trading Volumes Experience Significant Decline in Past Week
Decentralized exchanges (DEX) experienced a significant drop in weekly trading volume, with Polygon, Avalanche, and Solana being among the most affected. This decline is attributed to a market pullback, particularly impacting meme coins and altcoins. However, this adjustment may signal a healthy correction following a period of record-high trading volumes.
read moreRebel Satoshi’s $RECQ Presale: A Potential Game-Changer in Crypto Markets
Rebel Satoshi’s $RECQ token presale is gaining attention for potential high returns, while Jupiter (JUP) and NEAR face market turbulence. BlockDAG’s $6.8 million presale impresses analysts, with Maker (MKR) and Starknet (STRK) comparisons highlighting its innovative potential to reshape the industry.
read moreBlockDAG: Redefining Financial Ecosystem with Innovative Payment Solutions
BlockDAG’s $6.8 million presale success positions it as a potential top-50 cryptocurrency, offering a revolutionary payment card for seamless global transactions. Meanwhile, Maker’s price volatility reflects market sentiment, and Starknet’s modest market entry hints at its potential in the Layer 2 blockchain space.
read moreLayer Two Network Arbitrum Surpasses Ethereum in Daily Transactions
Arbitrum’s daily transactions surpassed Ethereum’s, with a significant increase following Ethereum’s upgrade. L2 network fees for Arbitrum, Optimism, and Starknet have dropped to less than $0.01 per transfer after the upgrade, while Ethereum’s on-chain fees remain at $3.12 for high-priority transfers. This surge in L2 network activity reflects a shifting landscape in the cryptocurrency space.
read moreEthereum’s Layer-2 Scaling Solution StarkNet Reveals Extensive 2024 Roadmap
Ethereum’s layer-2 scaling solution, StarkNet, has unveiled plans for significant upgrades in 2024, aiming to enhance transaction speed and reduce fees. The roadmap includes features such as transaction parallelization and Cairo-native integration, with the goal of improving network performance and scalability. This announcement has led to a notable increase in the value of StarkNet’s STRK token, amidst a largely negative market for digital assets.
read moreShibarium’s Transaction Count Declines Amidst Growing Competition
Shibarium, Shiba Inu’s scaling solution, is experiencing a decline in total transactions, signaling a shift in focus among decentralized finance users to newer competitors and meme coins on alternative protocols. The project faces a test of resilience amid stiff competition and a changing market narrative during the current bull run.
read moreNuggetRush (NUGX) Presale Raises Over $3 Million, Celestia and Sui Struggle
Celestia’s (TIA) price remains stagnant despite bullish market conditions, with hopes for a recovery fueled by growing partnerships. Sui has experienced a decline despite initial bullish momentum, with a new partnership with Alibaba Cloud aiming to drive AI development. NuggetRush (NUGX) has raised over $3 million in its presale, offering play-to-earn gaming experiences with gold rewards and community collaborations.
read moreEthereum’s Dencun Upgrade Reduces Layer 2 Transaction Fees by 98%
Ethereum’s Dencun upgrade has slashed layer 2 transaction fees by up to 98%, benefiting networks like ZkSync and Starknet. While this has reduced congestion and costs for layer 2s, Ethereum’s mainnet transaction fees remain high, with potential for relief as layer 2s free up space. The upgrade’s impact on long-term congestion and fees for the mainnet is still uncertain.
read more