layer 2

Polygon Labs CEO Marc Boiron. (Polygon Labs)
Polygon Labs Cuts 19% of Staff, 60 Roles, for 'Enhanced Performance'
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
Polygon Labs CEO Marc Boiron. (Polygon Labs)

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)
SatoshiVM Marred by Controversy Days After SAVM Issuance
SAVM jumped several thousand percent to a market capitalization of as high as $90 million a few hours after issuance.
image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Vitalik Buterin  (CoinDesk)
ENS Token Jumps 50% as Vitalik Buterin Hails It as 'Super Important'
The token touched the highest level since April and volume increased more than 600%.
Vitalik Buterin  (CoinDesk)

Blast total value locked (DefiLlama)
Blast Hits $1.1B in Deposits More Than a Month Before It's Due to Go Live
Depositors will receive an airdrop that can be redeemed in May 2024.
Blast total value locked (DefiLlama)

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)
Metis Surges 50% as Ecosystem Projects Eye $360M in Grant Rewards
Some liquidity pools built on the Metis network are offering as much as 200% in annualized fee rewards to users.
image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Layer 2 (Etienne Girardet/Unsplash)
Elastos Looks to Capture BTC Staking Demand With Bitcoin Layer 2 Offering
The platform is developing Bitcoin tools as the applications built on the network catch favor with investors.
Layer 2 (Etienne Girardet/Unsplash)

The proliferation and growth of "rollup" networks on Ethereum, like Metis, have been one of 2023's biggest blockchain trends. (Luigi Pozzoli/Unsplash)
Metis, Ethereum Layer-2 Network, Creates $100M Fund as Decentralized Sequencer Launch Nears
The distribution of funds is planned for the first quarter of 2024, and supposed to occur a week after Metis' decentralized sequencer will go live.
The proliferation and growth of "rollup" networks on Ethereum, like Metis, have been one of 2023's biggest blockchain trends. (Luigi Pozzoli/Unsplash)

Sergey Nazarov Chainlink Co-founder (Chainlink Labs)
Chainlink Data Feeds Available on Polygon zkEVM
Developers building on Polygon’s zkEVM will be able to incorporate these data feeds into their on-chain applications.
Sergey Nazarov Chainlink Co-founder (Chainlink Labs)

Arbitrum booth at ETHDenver (Danny Nelson/CoinDesk)
Arbitrum Throws Hat In Ring for Celo's Migration to Layer-2 Blockchain
Celo originally planned to build its Ethereum layer-2 network with Optimism's OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2,...
Arbitrum booth at ETHDenver (Danny Nelson/CoinDesk)

Cronos Labs Managing Director Ken Timsit (Ken Tismit)
Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs
The new "Cronos zkEVM chain" is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains”...
Cronos Labs Managing Director Ken Timsit (Ken Tismit)