layer 2

The silver lining from the Friend.tech episode is that it reveals Ethereum's scaling strategy might be working. (Creative Commons)
The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling
This week in blockchain tech: Polygon's new "chain development kit," Farcaster's move to Optimism, Shibarium's return and Interlay's new Bitcoin layer-2 network, and Pancake S...
The silver lining from the Friend.tech episode is that it reveals Ethereum's scaling strategy might be working. (Creative Commons)

Ethereum fees known as "gas prices" have stayed low despite a recent crypto frenzy that in the past might have caused congestion. (Creative Commons, modified by CoinDesk.)
Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal
Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by...
Ethereum fees known as "gas prices" have stayed low despite a recent crypto frenzy that in the past might have caused congestion. (Creative Commons, modified by CoinDesk.)

Ethereum's Daily Transaction Fees Fall to Lowest Single-Day Total Since December
Ethereum's Daily Transaction Fees Fall to Lowest Single-Day Total Since December
Ethereum's daily transaction fees hit an 8-month low of $2.8M on Sunday, according to data tracked by blockchain analytics firm CryptoQuant. A decline in total fees paid indic...
Ethereum's Daily Transaction Fees Fall to Lowest Single-Day Total Since December

Coinbase CEO Brian Armstrong (Coinbase)
Coinbase, in Uncharted Territory as Public Company Running Blockchain, Pledges Neutrality
The U.S. crypto exchange’s ‘Base Neutrality Principles’ are a series of guidelines aimed at maintaining a decentralized and neutral blockchain, according to a blog post.
Coinbase CEO Brian Armstrong (Coinbase)

Mantle stakes 40,000 ether on Lido (Pixabay)
Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy
Mantle introduced a new governing body for treasury management earlier this month.
Mantle stakes 40,000 ether on Lido (Pixabay)

Coinbase’s New 'Base' Blockchain Goes Live; Rep. Maxine Waters Is 'Concerned' About PayPal's Stablecoin
Coinbase’s New 'Base' Blockchain Goes Live; Rep. Maxine Waters Is 'Concerned' About PayPal's Stablecoin
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Base, Coinbase’s layer 2 blockchain, officially opens to the public. Rep. Maxine Waters...
Coinbase’s New 'Base' Blockchain Goes Live; Rep. Maxine Waters Is 'Concerned' About PayPal's Stablecoin

Coinbase's Base blockchain has gone live (Chesnot/Getty Images)
Coinbase Officially Launches Base Blockchain in Milestone for a Public Company
The largest U.S. crypto exchange says its blockchain is the first to be launched by a publicly traded company and gives it a new revenue opportunity.
Coinbase's Base blockchain has gone live (Chesnot/Getty Images)

Traders are jumping on toshi tokens as a way of riding the Base-driven meme coin hype. (Wance Paleri/Unsplash)
Cat Coin Toshi Purrs on New Base Blockchain
The token named after Coinbase CEO Brian Armstrong's pet is gaining traction on the layer 2 network that's set to go live next week.
Traders are jumping on toshi tokens as a way of riding the Base-driven meme coin hype. (Wance Paleri/Unsplash)

Polygon co-founder Sandeep Nailwal (Danny Nelson/CoinDesk)
Matter Labs Accuses Polygon of Spreading "Untrue Claims" With Code-Copying Allegations
In a blog post, Polygon alleged that Matter Labs copied its open-source code without providing attribution. Matter Labs said the code was "prominently attributed."
Polygon co-founder Sandeep Nailwal (Danny Nelson/CoinDesk)

Coinbase CEO Brian Armstrong (CoinDesk)
Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week
Users will be able to bridge their ETH starting Thursday, with the official launch of the main network on Aug. 9.
Coinbase CEO Brian Armstrong (CoinDesk)