The project, spun out of Polygon in 2023, has raised $75 million of funding and claims unique technologies as a provider of “data availability,” or DA – the speciality of storing reams of transactional data produced by Ethereum layer-2 networks.
Harris has been endorsed by incumbent Joe Biden for the upcoming U.S. presidential elections, and some traders are betting on her ascent with meme tokens and prediction markets.
Layer-2 transactions have increased 20% since the Dencun upgrade in March, and that success could be a positive sign for the future of the network, the report said.
Libre is unveiling a new tokenized offering, the blockchain-based Hamilton Lane SCOPE senior credit fund, which will be available on Solana and Ethereum-compatible chains.
Bitlayer’s layer 2 is based on the BitVM paradigm, which was unveiled last October and laid out a path for Ethereum-style smart contracts on the original blockchain.
One question is whether the protocol can pull in loyal bitcoin users – or if it will eventually end up on an Ethereum-compatible layer-2 network atop Bitcoin.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
