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L2 network Kroma launches native staking service Spectrum

Kroma, a Layer 2 network launched by Wemade subsidiary Lightscale, has announced the launch of its native staking service Spectrum, which has gone live this week. Currently, it supports TH, stETH, and eETH staking, and has integrated with Standard Protocol, Light Bank, Layer Bank, Shoebil, Zapanki Swap, Wellxy, PrixmSwap, and iZUMi Finance protocols. The aim is to improve the liquidity of Ethereum assets through staking, and participants can also receive KSP point rewards. It is reported that these points can be exchanged for KRO tokens in the future.

Ethereum L2 TVL is $38.34 billion, down 2.79% in 7 days

L2BEAT data shows that the current Ethereum Layer2 TVL is $38.34 billion, with a 7-day decline of 2.79%. The top five TVLs are:

Mode will release the governance token MODE on May 7

L2 network Mode, built on OP Stack, will release governance token MODE on May 7. The total supply of the token is 10 billion, of which 5.5% is dedicated to the first of two user airdrops. The second airdrop will run from May 5 to September 6, during which 500 million tokens will be distributed. 38% of MODE's supply will be allocated to investors and core contributors, 27% to the foundation's treasury, and the remaining 35% to end-users and developers. Since its launch in January, Mode has accumulated over $500 million TVL from 450,000 wallets.

Ethereum L2 scalability has increased more than 11 times since Dencun upgrade

According to a report by Brazil's Inter, Ethereum's recent Dencun upgrade introduced "Blob," which increased network scalability of the second layer (L2) blockchain by more than 11 times. Blob is the space within Ethereum blocks that is dedicated to receiving data from L2 chains such as Arbitrum, Optimism, and Base.

Bitcoin L2 Network BOB TVL exceeds $87 million

BOB, a Bitcoin L2 network, announced on X platform that its TVL has exceeded $87 million. Earlier news stated that BOB (Build on Bitcoin) announced the completion of a $10 million seed round of financing.

The total locked-up volume of the Ethereum Layer 2 network is US$36.61 billion, an increase of 4.16% on the 7th

According to L2BEAT data , the total locked amount of Ethereum Layer2 network is currently $36.61 billion, with a 7-day increase of 4.16%. The top five locked amounts are: Arbitrum One ($16.28 billion, 7-day increase of 10.13%); OP Mainnet ($7.76 billion, 7-day decrease of 3.21%); Blast ($2.43 billion, 7-day decrease of 5.86%); Base ($2.02 billion, 7-day increase of 42.37%); and Manta Pacific ($1.95 billion, 7-day decrease of 5.1%).

After the Ethereum Dencun upgrade, the L2 rollup gas cost for publishing Chainlink oracle reports dropped by 99%

On March 24th, Chainlink posted on X platform that after the completion of the Ethereum Dencun upgrade, the gas cost of L2 rollups (such as Arbitrum, Base, and Optimism) for publishing Chainlink oracle reports has decreased by 99%.

Ethereum L2 TVL is US$36.38 billion, of which Base TVL increased by 29.92% on the 7th

According to L2BEAT data, the current total value locked (TVL) in Ethereum Layer2 is $36.38 billion, with a 7-day decrease of 2.23%. The top five locked values are:

Uniswap: 97.5% of transactions under $125,000 outperform Ethereum on Layer 2 network

Decentralized exchange Uniswap has released a research report on the advantages of Uniswap trading on Layer 2 networks. The research shows that 97.5% of trades under $125,000 perform better on Layer 2 networks than on Ethereum. The concentration of liquidity on Layer 2 networks is also 75% higher than on Ethereum, thus improving the capital efficiency of liquidity providers. Due to lower transaction costs, liquidity providers can rebalance their Uniswap positions more frequently. On average, liquidity providers operating across the full price range on Layer 2 enjoy arbitrage profits about 20% higher than on the mainnet. These research data were obtained before the Dencun hard fork, suggesting that efficiency will be even higher with the introduction of blob transactions.

Unveiling ZKSwap(Bitcoin) V0.1 Testnet: A Deep Dive into Its Revolutionary Features

In the ever-evolving landscape of blockchain and cryptocurrency, ZKBase has taken a significant leap forward with the introduction of ZKSwap(Bitcoin) V0.1 Testnet on March 11, 2024.
Unveiling ZKSwap(Bitcoin) V0.1 Testnet: A Deep Dive into Its Revolutionary Features