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Lumia's L2 Network: A Game-Changer for Real-World Assets?
Jul 18, 2024
Lumia has rolled out its Layer 2 (L2) network for Real-World Assets (RWAs). The move aims to boost on-chain liquidity. It also seeks to broaden the user base for tokenized assets. The network is modular. It offers higher capital efficiency. Lumia claims it's one of the first rollups designed for RWAs. The network can tokenize real estate, commodities, art, equities, and financial indexes. Lumia's L2 integrates Polygon AggLayer. This supports rapid cross-chain transfers via ZK proofs. The result? Faster loading times for users. Nice one, Lumia. Lumia Stream, the platform's liquidity module, is a key feature. It aims to maximize trade value on Lumia L2. The goal is to tackle liquidity fragmentation by offering deep liquidity. Lumia Stream connects major CEXs and DEXs. It creates a decentralized source for DeFi protocols to tap into large liquidity pools. Liquidity providers can expect high capital productivity. The 1-inch RFQ showcases this efficiency. It processed $8M in volume using just $30K in capital for 28 assets. That's pretty impressive stuff. The current DeFi market is fragmented. Ethereum holds $59 billion in DeFi Total Value Locked (TVL). The next eight top EVM chains add another $22 billion. Lumia wants to consolidate this liquidity. With the mainnet launch, Lumia is rebranding. It's swapping the existing $ORN token for $LUMIA. The new token will cover transaction fees and node operations. Lumia has lined up a strong list of partners and service providers. It's also offering grants to builders. The aim? To encourage exploration of economic opportunities in the Lumia ecosystem. The partnership with Polygon AggLayer shows Lumia's focus on performance. ZK proofs enable near-instant cross-chain transactions. This sets a new benchmark for L2 solutions. Lumia recently rebranded from Orion. The company has been a leader in liquidity aggregation. It's now aiming for a full-fledged solution for retail consumers to access DEX and CEX liquidity. In a nutshell, Lumia's L2 network is making waves in the RWA space. With its focus on liquidity and user experience, it's definitely one to watch. But will it live up to the hype? Only time will tell.
Blockchain for Dummies: New Tool Promises No-Code Deployment
Jul 18, 2024
BVM Studio has unveiled a no-code blockchain deployment tool. It's supposed to make blockchain tech more accessible. The new tool offers a visual interface. Users can deploy blockchains using drag-and-drop blocks. It's like building with LEGOs, but for blockchain. BVM Studio claims anyone can create a zero-knowledge rollup blockchain. No coding skills required. No fancy hardware needed either. The BVM team admitted it has some drawbacks. "It may not offer the same depth of customization as fully custom-coded solutions," they said. But they're not sitting still. They're "constantly adding new modules and options to enhance flexibility." Traditionally, deploying a blockchain was a pain. You needed tech know-how, cash, and a solid grasp of coding and security. BVM's new self-service tool changes the game. The team boasts it "requires no technical setup or coding skills." They reckon "anyone can deploy a blockchain in less than 2 minutes." Users can tweak various aspects of their blockchain. This includes the base layer, hardware, and even pre-installed DApps. Security is a big deal in blockchain. BVM's tool uses ZK-rollup tech to keep things safe. It's got "three key components": ZK-proofs on Bitcoin, ZK Provers, and ZK Light Nodes. The team's pretty chuffed about their Light Nodes. "Anyone can run a ZK Light Node on an old laptop," they claim. What about the regulators? BVM's not sweating it. They say "creating a blockchain doesn't conflict with any regulatory standards." Their tool just makes it easier to build one. The tool lets users deploy layer-2 and layer-3 blockchains. They can do this on either Bitcoin or Ethereum. Is this the future of blockchain deployment? It's too early to tell. But BVM's certainly shaking things up with their no-code approach.
Binance Jumps on the Layer-2 Bandwagon with OpBNB
Jul 17, 2024
BNB Chain, the blockchain network founded by Binance, has unveiled a new layer-2 solution. It's called opBNB. The testnet launched on June 19. OpBNB is based on the Optimism OP Stack. Binance claims it will boost security and scalability. The new chain is compatible with Ethereum Virtual Machine (EVM). BNB Chain currently processes about 2,000 transactions per second. Transaction costs hover around $0.10. OpBNB promises to up the ante. According to Binance, opBNB can handle over 4,000 transfer transactions per second. The average cost? Less than half a cent. That's pretty sweet, if true. The new layer-2 solution also tweaks a few other things. It optimizes data accessibility and the caching layer. It also adjusts the submission process algorithm. These changes allow for a higher gas limit. OpBNB can handle 100 million per block, compared to Optimism's 30 million. Binance is pulling out all the stops here. Binance is touting opBNB as their answer to blockchain's scalability problem. They reckon it's been holding back mass adoption. No kidding, Sherlock. OpBNB uses Optimistic Rollups to scale transactions. It processes data off the root chain, assuming it's valid until proven otherwise. Sounds risky, but that's the game. The new solution also simplifies integration with a user-friendly RPC service layer. Developers can focus on building apps without sweating the technical stuff. Not everyone's buying the hype, though. Adam Cochran of Cinneamhain Ventures threw shade at the move. He reckons BNB Chain's scaling issues stem from unsafe centralization. Cochran suggested alternative solutions. Joining Optimism as a "superchain" or becoming an Ethereum layer-2 were among his ideas. But Binance seems set on doing its own thing. Despite the skepticism, BNB Chain remains a big player. It's the third-largest blockchain in DeFi total value locked, behind Ethereum and Tron. It boasts $3.38 billion in TVL and about a million daily active users. Will opBNB be the game-changer Binance hopes for? Or is it just another layer in an increasingly complex crypto cake? Only time will tell. For now, the crypto world watches and waits.
Ethereum Layer 2 Network Scroll Surpasses $1 Billion TVL
Jul 16, 2024
Scroll, a ZK rollup Layer 2 network, has joined the billion-dollar club. The project's total value locked (TVL) hit $1.03 billion, up 23% in a week. This milestone makes Scroll the 8th Ethereum Layer 2 to cross the $1 billion TVL mark. ETH dominates the mix at 87.29%, with stablecoins at 11.11% and other assets at 1.60%. Launched in October 2023, Scroll's been on a roll. It's been churning out features left and right. The latest? Scroll Canvas, a nifty tool for users to show off achievements and on-chain creds. But that's not all, folks. 'Session One' is dangling carrots for DeFi users. Points for liquidity providers on DEXs like Ambient and Nuri? Check. Scroll Marks for lending on Aave? You bet. Here's the kicker: Scroll's riding high without its own token. Go figure. But wrapped tokens on the network are seeing green. Wrapped stETH (WSTETH) is the star performer, up 10% in a week. Want in on the action? Bridge ETH and wstETH through the native bridge, or STONE via LayerZero. No fancy footwork needed for Session Zero eligibility. Easy peasy. Meanwhile, the Layer 2 scene's heating up. Total TVL across all Ethereum Layer 2s? A whopping $42.04 billion, up 12.04% in a week. Arbitrum One's still king of the hill with $16.85 billion TVL, up 11.91%. Base follows at $6.87 billion, despite a 7.53% dip. OP Mainnet's not far behind at $6.42 billion, surging 16.55%. Blast and Mantle round out the top five. Blast's sitting pretty at $2.67 billion, up 10.33%. Mantle's no slouch either, with $1.24 billion and a 15.07% bump. The Layer 2 race is on, and it's anyone's game. Scroll's just crashed the party, but who knows what's next in this fast-moving space?

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Top 10 Ethereum Layer 2 Projects to Watch in 2024
Jul 18, 2024
The crypto bull market is back, and Ethereum's gas fees are through the roof again. But don't panic just yet. A bunch of clever folks have been busy cooking up faster, cheaper Layer 2 (L2) networks to save the day. Let's take a look at the hottest Ethereum L2 projects of 2024, ranked by experts, based on their tech, tokenomics, and why they might be worth your attention. 1. Pepe Unchained (PEPU) - The Meme Coin That Grew Up Remember Pepe? Well, he's back and he means business. Pepe Unchained isn't just another meme coin. It's a full-blown L2 network built on top of Ethereum. What's the deal? Faster transactions and lower fees than ETH. Plus, you can stake your PEPU tokens for some juicy rewards. The current APR is sitting at a whopping 1,200% per year. Not too shabby. The project's presale is already underway, and they've raised over $1.8 million so far. Looks like people are hungry for more Pepe action. 2. Arbitrum (ARB) - The Gas Fee Slayer If you're sick of paying an arm and a leg for Ethereum transactions, Arbitrum might be your new best friend. It uses some fancy "optimistic rollup" tech to bundle transactions and cut costs. Arbitrum's ecosystem includes Arbitrum One and Arbitrum Nova. Both use the Arbitrum Nitro stack for better performance. With over $2.97 billion locked in their smart contracts, they're not messing around. The ARB token lets users vote on network upgrades. It's like a crypto democracy, but with less shouting and more code. Something our politicians could learn a lot from, innit? 3. Polygon (MATIC) - The Swiss Army Knife of Scaling Polygon is like the multi-tool of Ethereum scaling. It's got a solution for everything: Polygon PoS for faster, cheaper transactions zkEVM for Ethereum-compatible rollups Polygon ID for blockchain identity stuff AggLayer for cross-chain shenanigans Their new Polygon 2.0 upgrade introduces POL, a token that works across multiple chains. They're calling it "hyperproductive." Sounds intense. And yet, that might be just the future of the crypto market. Many of us are tired of the whole 'zoo' of different chains that are incompatibe, and swapping tokens might be as complicated as the conversation of a japanese monk and Texas farmer without an interpreter. With a market cap of $7.40 billion, Polygon is a big player in the L2 game. 4. Optimism (OP) - The Developer's Best Friend Optimism is all about making life easier for Ethereum developers. Their secret sauce? EVM equivalence. It means you can copy-paste your Ethereum smart contracts and they'll just work. Like Arbitrum, Optimism uses optimistic rollups to scale. They process transactions off-chain and only record the results on Ethereum. It's like outsourcing your math homework but still getting the credit. The OP token is used for governance and network incentives. Their roadmap looks solid, with plans to keep improving performance and expanding their ecosystem. 5. Blast (BLAST) - The Yield Machine Blast is doing something different in the L2 space. They're all about generating yield on your crypto holdings. You can earn passive income on ETH and stablecoins without jumping through hoops. They use optimistic rollups like some of the others, but with a twist. Their auto-rebasing feature for ETH and USDB makes earning yield a breeze. Blast also shares gas revenue with dApp developers. It's like a "thank you" note, but with actual money. They hit $500 million in Total Value Locked (TVL) pretty quickly after launch. Not too shabby for the new kid on the block. 6. Loopring (LRC) - The DEX Builder's Dream Loopring is all about decentralized exchanges (DEXs). Their claim to fame? Order rings. It's a fancy way of matching multiple orders to squeeze out more liquidity. They use zero-knowledge rollups to keep things speedy and secure. Transactions happen off-chain, but they're settled on Ethereum. It's like having your cake and eating it too. The LRC token is used for staking, governance, and earning a slice of those sweet protocol fees. If you're into DEXs, Loopring is worth keeping an eye on. 7. Eclipse - The Speed Demon Eclipse is gunning for the title of fastest L2 in town. They're using the Solana Virtual Machine (SVM) for execution, which is like strapping a rocket to your transactions. But don't worry, they're not sacrificing security. Eclipse still settles on Ethereum, using a validating bridge to keep everything kosher. One cool thing about Eclipse? They're not planning to launch their own token. They'll just use ETH for gas fees. It's a bold move in a space where everyone and their dog has a token. 8. Mantle (MNT) - The People's L2 Mantle is waving the flag of decentralization. It's governed by a DAO, which means MNT token holders call the shots. It's like a crypto co-op. Their architecture is modular, separating transaction execution, data availability, and finality. It's a bit like building with Legos, but for blockchain nerds. Mantle uses optimistic rollups for scaling and something called EigenDA for decentralized data availability. They're also throwing money at developers through their EcoFund and Grants Program. It's like seed funding, but for the Web3 crowd. 9. Immutable X (IMX) - The NFT Paradise If you're into NFTs or blockchain gaming, Immutable X is your jam. They offer gas-free minting and trading, which is music to the ears of broke artists everywhere. Using StarkWare's ZK-Rollup tech, Immutable X can handle a ton of NFT transactions without breaking a sweat. They're also carbon-neutral, so you can trade your JPEGs with a clear conscience. Their API-driven approach makes it easy for developers to jump in without a Ph.D. in blockchain. The IMX token is used for staking, governance, and fees. They've got some big-name games on board like Gods Unchained and Illuvium. It's like the Steam of Web3 gaming. 10. dYdX (DYDX) - The Trader's Playground dYdX is where the cool kids go for decentralized perpetual trading. They handle orders off-chain but settle on-chain, which means you can trade fast without getting gouged on gas fees. They offer up to 20x leverage, so you can either make it big or lose your shirt in style. It's non-custodial, which means you keep control of your assets. No "not your keys, not your coins" drama here. The DYDX token lets users vote on protocol upgrades. They're also moving to their own chain built on Cosmos SDK. It's like they're growing up and moving out of Ethereum's basement.

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