Yellow Network has emerged as the leading application on Linea’s Layer-2 blockchain, amassing over 227,000 users. This milestone underscores the platform’s growing influence in the decentralized finance (DeFi) sector.
In May 2024, Yellow Network announced an exclusive partnership with Linea, aiming to redefine the DeFi landscape. This collaboration introduced engaging quests within the Yellow Wallet, designed to prepare users for innovative DeFi experiences.
As the press release stated, Yellow Network embarked on an exclusive partnership with Linea, creating a groundbreaking collaboration that would redefine the DeFi landscape. Yellow Network introduced engaging quests within the Yellow Wallet, designed to gear users up for the revolutionary and exciting DeFi experience.
Yellow Clearing Network is a Layer-3 P2P protocol that uses state channels to facilitate trading and settlement through smart clearing. By design, Yellow Network solves the problem of liquidity fragmentation and introduces a network of brokerages for a more efficient, truly decentralized, trading infrastructure.
Linea, developed by ConsenSys, is a Layer-2 blockchain that leverages zero-knowledge proofs to enhance Ethereum’s scalability. Launched in alpha mainnet in July 2023, Linea integrates with over 100 decentralized applications and tools, offering fast, low-cost, and secure transactions. Its EVM equivalence allows developers to seamlessly deploy existing smart contracts without modifications, fostering a vibrant ecosystem across DeFi, NFTs, gaming, and more.
The partnership between Yellow Network and Linea has facilitated the introduction of state-of-the-art technology for trading activities on the Linea network. This collaboration has been instrumental in Yellow Network’s rapid user growth, highlighting the increasing demand for efficient and secure DeFi solutions.