2 years ago
Date: 11 Aug 2022 - 02:35

Total value locked TVL on Optimism a layer2 scaling solution for the Ethereum blockchain has increased 284 in the last month according to data from DefiLlama. Users lending and borrowing assets on Aave through Optimisms layer2 chain make up the vast majority of TVL.Ethereum Optimism TVL SurgesIn anticipation of The Merge update which will see the blockchain switch from a proofofwork network to one based on proofofstake investors have been bidding up digital assets tied to the Ethereum ecosystem.The merge will be tested by Ethereum developers on the Goerli testnet on Thursday August 11. If everything goes according to plan the mainnet merging will be approved on September 19. The mainnet merge would probably be delayed if there are issues with the Goerli merge.The Merges anticipated launch date has been set for September 19 according to a recent Ethereum developer call. With Rollups or offchain computations Optimism an Ethereum layer2 blockchain aims to extend the ecosystem and expedite transactions. On Optimism transactions are entered and on Ethereum they are completed.ETHUSD trades at 1853. Source TradingViewThe project is home to 35 protocols including automated market maker Velodrome decentralized exchange Uniswap and derivatives exchange Synthetix. The Ethereum blockchains current capacity of 30 transactions per second is inadequate to manage the enormous amount of user trade orders on exchanges including cancellations. Nevertheless according to some analysts the network might scale to 100000 transactions per second with The Merge upgrade with layer2 solutions improving this capacity even further.Optimism blocks are constructed and executed on layer2 while user transactions are batched up and submitted to the Ethereum layer1. On layer2 transactions are immediately accepted or rejected with no mempool enabling a fast user experience. Correspondingly to the TVL development the projects namesake tokens have also rallied by 300 during the same period.Dai on Optimism From 30 million to 140 million in 5 days. pic.twitter.comAQlNWvX6c9 Maker MakerDAO August 9 2022Goerli Testnet A BriefThe Ethereum network will be one step closer to its biggest update yet in less than 24 hours. The secondlargest cryptocurrency by market capitalization has been preparing to switch from ProofofWork PoW to the significantly less energyintensive and in some peoples opinions more decentralized ProofofStake for years PoS.Senior Ethereum developers stated last month that the socalled 8220Merge8221 to 8220Ethereum 2.08221 will occur on September 19. However there is still a challenge for developers to overcome before the 8220Merge8221 can be implemented on Ethereums mainnet.Developers want to implement the merging on one last testnet after completing the switch from PoW to PoS on two of Ethereums main testnets Ropsten and Sepolia in June and July.From its midJuly lows under 1000 Ethereum has increased by more than 80 and at last check it was trading in the mid1800s. While most of this has coincided with a larger cryptocurrency market rebound amid an uptick in macro mood Bitcoin is up over 25 from its midJuly lows analysts have indicated that anticipation ahead of the merger has been a key tailwind driving ETH higher.Featured image from iStock Photo chart from

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USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

DappBays Red Alarm is a contract risk scanning tool that helps users identify highrisk projects to avoid rug pulls and frauds.

Kriptomat has introduced an allinone ecommerce solution that allows freelancers entrepreneurs and influencers to receive payment for their work in Bitcoin and more than 350 other cryptocurrencies.KriptomatPay is a streamlined gateway that supports receiving and sending crypto payments without the risk complexity and high transaction fees of other solutions. This exclusive program offers gig worker

Bitcoin App Strike Launches In Argentina 2 years ago

The South American countrys citizens now have access to a cash balance that can be used to save or transfer money without permission.Lightning payments platform Strike has made some of its services available to Argentinians on Tuesday in an effort to give hope to a population that suffers from hyperinflation according to an announcement Twitter thread from its founder Jack Mallers.Today we launch

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Indias RBI representatives continued to launch strong attacks on cryptocurrency. During a meeting with the Indian Banks Association IBAs Annual Banking Technology Conference 38 Awards on February 14. RBIs deputy governor T Rabi Sankar fired fresh salvos by demanding an outright ban on digital assets equating them with Ponzi schemes and 8216may even be worse. 8230

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HeritageDAO HDAO announced its plans to acquire two significant Korean national treasures to preserve their culture.According to reports one art museum in South Korea is auctioning two natural treasures the national Treasure 72 Giltbronze Standing Buddha Triad with Inscription of 8220Gyemi Year8221 and 73 Portable Shrine of Giltbronze Buddha Triad to survive the ongoing pandemic. The two treasures

The cryptocurrency market is currently consolidating after more than 7months of persistent losses. However if past cycles are anything to go by this could indicate that another pump is on the way.nbspAlready the market is showing bullish signals as seen in last weekrsquos price action when most altcoins rallied by over 30. It is a perfect time to start looking into cryptocurrencies likely to outpe

The U.S. Treasury Department has not only recognized digital art as art but has also raised concern about the use of NFTs in money laundering. The department recommends the sector be regulated at the earliest. The development of anything in the economy means the betterment of society but it also means that the chances of 8230

PRESS RELEASE 8211 Please Read DisclaimerInfinity Arena an emerging blockchain game that combines scifi and tactical playtoearn NFTs announces a successful private and seed round led by major investors securing 1.5 million to double down on the unique playtoearn model.As per the official announcement prominent players in the blockchain and crypto sphere including Lua Ventures TomoChain Poolz Ventu

Crypto holders in China are protected by the law in case of theft misappropriation or breach of a loan agreement despite the ban on crypto.

The post ApeCoin Shoots Up 1500 APE Token To Enter Top 20 This Weekend appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideThe crypto sphere has been welcoming and generous to a myriad of newcomers to its directory. The residents of the crypto town are now finding no bounds of joy as the latest entrant exhibits 4digit gains. The latest entrant ApeCoin from the house of pr

The Chinese Central Bank PBOC has rolled out a digital yuan into production to coincide with the Winter Olympics the Fed produced a discussion paper.

GAIMIN Increases Brand Awareness in Esports 2 years ago

PRESS RELEASE. Zug Switzerland 18th March 2022 GAIMIN increases brand awareness in esports. 1313GAIMIN Gladiators are pleased to announce its Rainbow Six Siege esports team comprising Jolten Beastly Sikez Aero Foxxee and QrTz building on its DOTA2 Pokemon Unite Counter Strike Global Offensive and Rocket League rosters. 1313GAIMINs mission is to become the leading organisation in esports and throug

Rainbow Token is a hyperdeflationary ethical DeFi token running on Binance Smart Chain which combines seven features into a single crypto asset. It was listed on Stealth Exchange two days ago and has gained 18 today.Look no farther than this article to learn the details around Rainbow including if it makes a worthwhile investment and the best places to buy Rainbow Token today. nbspTop places to bu