As the bull run seemingly approaches, a couple of L1 and L2 frameworks have been coming up with almost similar but distinct use cases. I recently got wind of the Omni network which is powered by the novel dual proof of stake consensus mechanism. Through the instrument of Omni, developers are given latitude to deploy omni roll up smart contracts thus enhancing interoperability and unifying them into a single mechanism. With this protocol, applications made by developers can expand beyond a single roll ups user base. Similarly, devs are given an opportunity to go on a frolic of their own to build global applications tapping into Ethereum's roll up ecosystem. The most interesting feature of this protocol is its gas abstraction mechanism. By this, users no longer need to distinctly hold different native tokens for each network, all gas fees can be paid with just one unified token . Its native token, $OMNI1 has shown immensely good potential thus far, sitting at a market cap of about $275M and a 24H trading volume of $648M. In a similar vein, it has a supply of just $100 million. Owing to this, it has earned listings on reputable CEXs like Bitget. As customary with Binance launchpool projects, OMNI is bound to do well, lets discuss in the comments.
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Ethereum's unique model means transaction fees vary with network activity. Learn how to navigate through high and low demand times for better transaction management.
How To Check Your Ethereum Transaction Using Ethereum-Based Tools
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Singularity now enables users to access the Ethereum Mainnet and Arbitrum DeFi ecosystem starting with Uniswap, Curve, and Rocket Pool. Tl;dr: You can interact with these pools like you normally would but via Singularity compliantly obfuscate your identity from explorers.
We have officially deployed on Ethereum Mainnet and Arbitrum! Today marks a momentous milestone in our journey to provide the necessary tooling for users to access DeFi discreetly and compliantly. Ethereum and Arbitrum are the first chains in our deployment roadmap, bringing unparalleled access to our user base by enabling interaction with pools and dApps hosted on these chains in a discreet manner. We are initially integrating with Uniswap, Curve, and Rocket Pool, with many more in the pipeline. More to come! https://lnkd.in/dxduq3zi
We have Deployed on Ethereum Mainnet and Arbitrum
thesingularity.network
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📣 Introducing Classic USD (USC), the first native fiat-backed stablecoin on Ethereum Classic Classic USD will support the growth of DeFi on Ethereum Classic as a key primitive for on-chain liquidity and global payments. Ethereum Classic is the largest and most secure Proof-of-Work smart contract network in the world, with sub $0.01 transaction fees. USC is fully backed by cash, cash equivalents, and short-term U.S. government bonds held in U.S. financial institutions, with reserves reported by Brale daily. USC can be acquired by directly onboarding with Brale to mint new USC or by purchasing USC on ETCswap. We’re excited to work with the Ethereum Classic community to bring Classic USD to the ecosystem. Learn more 👇 https://lnkd.in/gehmWcNX
Introducing Classic USD (USC) | Brale
brale.xyz
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The Bitcoin Renaissance playbook is starting to get run on other OG networks. Think the results will be surprising in a few months.
📣 Introducing Classic USD (USC), the first native fiat-backed stablecoin on Ethereum Classic Classic USD will support the growth of DeFi on Ethereum Classic as a key primitive for on-chain liquidity and global payments. Ethereum Classic is the largest and most secure Proof-of-Work smart contract network in the world, with sub $0.01 transaction fees. USC is fully backed by cash, cash equivalents, and short-term U.S. government bonds held in U.S. financial institutions, with reserves reported by Brale daily. USC can be acquired by directly onboarding with Brale to mint new USC or by purchasing USC on ETCswap. We’re excited to work with the Ethereum Classic community to bring Classic USD to the ecosystem. Learn more 👇 https://lnkd.in/gehmWcNX
Introducing Classic USD (USC) | Brale
brale.xyz
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A potential opportunities to create viable L3 solutions to support users. With the surge of users and transactions in ethereum main net, there arouse a need of a solution that made users spend less in gas fees on main net and do more transactions. This gave a birth to L2 solution. L2s in Ethereum parlance are nothing but a cheaper alternatives to do your transaction on L2 and let it settle later on main net. So, it is a win win for everyone in the ecosystem including ethereum main net (gets low pressures from users), L2 providers (provides value and gets incentive to take transactions and bulk settle in main net), and the end users (who pay less gas fees on L2). With the sudden surge in L2 space with 40 providers in the space, again the network requires L3 that acts as L2 for L2. So, the users initiate transactions at L3 that will move to L2 and then to main net. Ethereum for sure has come a long way! For More: https://lnkd.in/giW2v5VS #ethereum #mainnet #L2 #L3
As Ethereum L2s multiply, new layer 3 blockchain aims to stitch them together
dlnews.com
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The IO.NET native token, IO, recorded a price increase of over 48% within the last 24 hours following Binance listing. Binance exchange listed IO token on May 11th, after adopting IO.NET as the 55th project on Binance Launchpool. The IO.NET project consolidates underutilized GPU resources to provide affordable computing power. The Binance exchange recently listed IO.NET’s #24hours #48% #BINANCE #IOtoken #Last #Listing #Surges
New Binance listing IO token surges +48% in the last 24 hours
https://bitcoinworld.co.in
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⚒ Another Development Update! Following our recent updates on DID:BNB for the Binance Smart Chain, we're excited to share progress on integrating our Gateway Protocol, now live on the Binance Smart Chain testnet. We're expanding beyond identity verification to secure, decentralized transactions and interactions, prioritizing privacy and trust. With the introduction of staking and a more decentralized architecture, we're paving the way for a trustless ecosystem. Our focus is now on crafting off-chain developer tools to interact seamlessly with the Gateway Protocol. We're diligently working to further develop our protocol on the Binance Smart Chain, and we look forward to providing more updates soon. 🚀
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The DeFi Report | Adviser to Start-Ups & Asset Managers | ex. MITIMCo, Boston Properties
Total TVL on Ethereum + the top L2s dropped 14% in Q3, and is still 53% off all-time highs established Nov. '21. With that said, the trend is strong as TVL is up 133% over the last year. Meanwhile, on the top L2s, TVL is up 1% in Q3 and 180% over the last year -- indicating that value is starting to move up the tech stack. As for the fastest-growing L2? It's Base. Base TVL grew 42% in Q3, and has now surpassed Arbitrum with over $2.5b. ------ We covered Ethereum's economics as it relates to L2 growth from the following perspectives in the Q3-24 installment of The ETH Report: - Active users on L2 vs L1 - Active users on the top L2s - Fees on L2 vs L1 - Fees by the top L2s - L2 fees as a % of L1 - L2s combined daily cost of revenue (paid to L1) - Onchain margins for L2s - Transactions/month on the top L2s vs L1 - Transactions/day for top L2s - Avg. cost/tx on top L2s - TVL - Contracts deployed & developer activity on L2 vs L1 - Tokenholders for the top L2s If you'd like to download a free copy of the report, you can do so via the link in the first comment below 👇 Data: powered by Artemis
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I'm Chris Jones, journalist and blogger.I share my writing experience through "Inform Overload"! 🌐 Here you find top-notch content in Business & Finance, Sports & Fitness, Health & Beauty, Technology, and more.
Ethereum Classic Launches Premium Stablecoin Classic USD
Ethereum Classic Launches Premium Stablecoin Classic USD
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