Layer 1
The programmable blockchain behind smart contracts and DeFi.
A proof-of-stake blockchain whose EVM runs smart contracts written in Solidity or Vyper. Home to most DeFi, NFTs and token standards (ERC-20, ERC-721), and the settlement layer for a growing ecosystem of rollups.
EthereumBeginnerAvara, the company behind the popular Lens Protocol, has raised $31 million in a funding round led by Lightspeed Faction. The funds will be used to scale the Lens network, a Layer-2 blockchain specifically designed for social applications. Lens, a decentralized social graph protocol, intends to…
#aave#crypto#defi
Tether, the largest stablecoin issuer, has once again increased its USDT supply on the Ethereum network. The company recently minted an additional 1 billion USDT, bringing the total supply of the stablecoin on Ethereum to a significant level. This latest issuance highlights the continued demand…
#crypto#tether
EthereumBeginnerIn a surprising move, prominent Ethereum researcher Max Resnick has announced his departure from Consensys to join Solana’s research and development firm, Anza. Resnick, known for his outspoken views on Ethereum’s scaling strategy, has been a vocal critic of the network’s layer-2 approach.…
#decentralization
EthereumBeginnerEthereum co-founder Vitalik Buterin has called on Web3 wallet developers to prioritize improving security and privacy in decentralized wallets. In a blog post published on December 3, 2024, Buterin emphasized that wallets should be designed to enhance decentralization and privacy, arguing that…
#crypto#defi#layer-2
EthereumBeginnerEthereum researcher Justin Drake recently praised the Beacon Chain, marking its fourth anniversary and referring to it as the “strongest foundation blockchains have ever seen.” Launched on December 1, 2020, the Beacon Chain played a critical role in Ethereum’s transition to Ethereum 2.0,…
#decentralization
EthereumBeginnerMetaMask co-founder Dan Finlay has used a memecoin experiment to highlight the shortcomings of Web3 and AI in terms of user consent and trust. By launching two identical memecoins, CONSENT, on the Base and Solana blockchains, Finlay aimed to compare the user experience and the level of trust…
#crypto#defi#memecoin
EthereumBeginnerUniswap, the leading decentralized exchange (DEX), has witnessed a significant surge in monthly trading volume across Ethereum Layer-2 networks. This surge is indicative of a renewed interest in decentralized finance (DeFi) and the increasing adoption of Layer-2 solutions to address Ethereum’s…
#crypto#defi#dex
EthereumBeginnerSouth Korean authorities have confirmed that the 2019 hack of the cryptocurrency exchange Upbit, which resulted in the theft of approximately $50 million worth of cryptocurrency, was carried out by North Korean hackers. This marks the first time that South Korea has officially attributed a major…
#crypto#north-korea#south-korea
EthereumBeginnerPayPal has partnered with Xoom to facilitate cross-border payments using its stablecoin, PayPal USD (PYUSD). This collaboration aims to expand access to PYUSD in Asian and African markets, enabling PayPal to settle cross-border transactions outside of traditional banking hours. Xoom is working…
#crypto#paypal#tether
EthereumBeginnerConsensys, the Ethereum infrastructure provider, has announced that its decentralized Infura network will launch as an Actively Validated Service (AVS) on EigenLayer, an Ethereum restaking platform. This move aims to enhance the security and decentralization of the Infura network while also…
#crypto#eigenlayer
EthereumBeginnerArkham Intelligence, a leading blockchain analytics firm, has launched a new points program to attract derivatives traders to its recently launched cryptocurrency derivatives exchange. The program, which will run for 30 days, allows traders to earn points by trading spot crypto and perpetual…
#crypto
