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Layer 2 Solutions

All articles tagged with #layer 2 solutions

Ethereum's Path: ETFs, Market Trends, and Future Price Predictions

Originally Published 1 year ago — by NewsBTC

Ethereum is experiencing a surge in institutional investments and ETF interest, with trading volumes for Ethereum ETFs reaching a record $1.63 billion, marking a 44% weekly increase. Despite being 36% below its all-time high, Ethereum's price has risen by 25% recently, driven by increased on-chain activity and whale purchases. The growth of Layer 2 solutions is enhancing Ethereum's scalability, while its correlation with Bitcoin has decreased, indicating Ethereum's growing independence in the crypto market.

business cryptocurrency bitcoin-correlation cryptocurrency etfs ethereum institutional-investment layer-2-solutions

"Ethereum's Dencun Upgrade Drives Significant Cost Reduction for Layer 2 Blockchains"

Originally Published 1 year ago — by CoinDesk

Ethereum's Dencun upgrade has led to a significant decrease in transaction costs on layer 2 solutions like Optimism and Base, with the average fees dropping to just a few cents. The upgrade allows layer 2 solutions to store data in "blobs" instead of expensive call data, resulting in lower processing costs. While the upgrade is expected to eventually reduce transaction costs by 90%, it has not yet boosted investor interest in the native tokens of rollups.

business cryptocurrencyblockchain-technology cryptocurrencyblockchain-technology dencun-upgrade ethereum layer-2-solutions rollups transaction-costs