Layer2 Archives - Today News

Galaxy’s Alex Thorn calls Ethereum L2s ‘ETH extractive’ amid fee retention concerns

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Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.” In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single […]

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Coinbase’s Base faces brief outage

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Coinbase’s Ethereum Layer 2 network, Base, has resumed regular block production after a brief service disruption on Aug. 5, according to the project’s status page. The disruption lasted from 06:15 UTC until 06:44 UTC. The pause, which occurred at block height 33,792,704, temporarily impacted key network functions, including deposits, withdrawals, and general block production. However,

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Zora sparks Base’s dominance over Solana in token minting

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Coinbase’s Layer 2 network, Base, has emerged as the leading blockchain for daily token creation, surpassing Solana for the first time since 2023. This shift is primarily driven by Zora, a protocol that enables users to turn digital content into tradable tokens. Base flips Solana According to data compiled by Sealaunch on Dune Analytics, Base

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Why decentralization may surpass speed in DeFi’s next chapter

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The following is a guest post and opinion from Michael Egorov, Founder of Curve Finance. As DeFi edges closer to mainstream finance, it must balance neutrality, security, and throughput. In 2025, that balance is increasingly defined by two competing architectural visions. The evolution of DeFi has always hinged on one core question: what kind of

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Polygon surges 10% ahead of Heimdall v2 upgrade

Leave a Comment / DeFi, heimdall v2, Layer2, POL, Polygon, Sandeep Nailwal / best time

Polygon’s Proof-of-Stake (PoS) network will undergo a major consensus upgrade with the rollout of Heimdall v2 on July 10. Sandeep Nailwal, Polygon’s co-founder, described it as the most technically advanced hard fork the chain has undertaken since its launch in 2020. Following the announcement, the network’s native token, POL, gained nearly 10% within 24 hours,

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Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base

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Coinbase launched wrapped tokens for Cardano (cbADA) and Litecoin (cbLTC) on its Base layer-2 network, the exchange said in a June 25 post. Each synthetic token is backed 1:1 by the underlying asset held in Coinbase custody, and proof-of-reserves pages list the on-chain addresses securing the collateral. The transparency pages already show 11,364 LTC and

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Cardano unveils next wave of layer-2 innovations beyond Hydra

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Cardano is advancing its long-term scaling strategy with a fresh wave of Layer-2 (L2) innovations, moving beyond the Hydra framework. This next phase was outlined during a high-level research session in June 2025, organized by Input Output Global (IOG), the core development team behind Cardano. The event convened technical leaders from the Intersect Working Group,

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Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation

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Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken. The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined

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Polygon’s governance revamp to focus on stablecoin payments and AggLayer

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Polygon’s governance is undergoing a significant transformation, with co-founder Sandeep Nailwal stepping in as the Foundation’s first CEO. In a June 11 post on X, Nailwal said: “As the largest holder of POL and someone who dedicated his life to development and success of Polygon from the very beginning, I have decided to take full

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Coinbase to launch wrapped XRP, ADA, DOGE, and LTC on Base network

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Coinbase is expanding its footprint in the wrapped token space by preparing to release wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base. In a post published on May 13 via its Coinbase Assets X account, the exchange confirmed the upcoming availability of cbXRP, cbADA, cbDOGE,

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