Layer 2s


Tech

Polymarket Is a Success for Polygon Blockchain – Everywhere But the Bottom Line

One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.

Cumulative gas fees Polymarket on Polygon PoS in 2024 have totaled just over $27,000 this year, through Oct. 23. (Token Terminal)

Tech

Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi

The goal is to create trust-minimized bridges between itself and other layer-1 blockchains, according to the abstract of a new "vision paper" shared with CoinDesk.

BOB team (BOB)

Tech

Ethereum's Changing Landscape

For investors, ETH’s future depends on how Ethereum balances innovation with maintaining healthy economic policy, says Matthew Kimmell, digital asset analyst, CoinShares.

(Kristaps Ungurs/Unsplash+)

Finance

Sonic SVM, Gaming Project on Solana Blockchain, Plans $12.8M Node Sale

The blockchain project is taking advantage of an increasingly popular fundraising method known as "node sales" just months after a traditional $12 million fundraise.

Chris Zhu, CEO and co-founder at Sonic SVM, onstage this week at Korea Blockchain Week (Sonic SVM)

Tech

Polygon Begins Token Swap, in Move to Allow More Issuance

The migration from Polygon's MATIC token to POL will also bring in some tokenomics changes with a new emission rate of 2% annually.

Polygon Labs CEO Marc Boiron (Polygon Labs)

Tech

Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC

The migration to POL from MATIC will also bring in some tokenomics changes with a new emission rate of 2% annually.

Polygon Labs CEO Marc Boiron (Polygon Labs)

Finance

Coinbase Promotes cbBTC, Wrapped Bitcoin Alternative for Base Blockchain

Tweets from the crypto exchange and Jesse Pollak, the creator of Base, suggest cbBTC could run on the layer-2 blockchain.

Coinbase (PiggyBank/Unsplash)

Tech

It's a Different Sort of Olympics as Cryptographers Face Off in Polyhedra's 'Proof Arena'

This team of cryptographers claimed their "prover" – a key component of many blockchain systems – was faster than anyone else's. Now they've built a platform they say will provide transparent benchmarking for anyone who wants to compare the various options out there.

With Polyhedra's new "Proof Arena," it should be easier to tell who's the fastest (April Walker/Unsplash, modified by CoinDesk using PhotoMosh)

Tech

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

Rootstock verified the SNARK using BitVMX, which is Rootstock's modified version of BitVM

16:9 Roots (PDPhotos/Pixabay)

Finance

Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton

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.

Jenny Johnson, Franklin Templeton president and CEO, speaks at Consensus 2024. (Shutterstock/CoinDesk)

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