Coinbase's Layer-2 Network Base Open-Sources Code Repositories and Smart Contracts for Increased Transparency and Collaboration
Base, a layer-2 network of Coinbase, has made its code repositories and smart contracts open-source to increase transparency and accountability and allow public contributions to the project. The move is in line with Base's core value of building in the open and creating an onchain ecosystem.
Linea Network TVL Exceeded US$70 Million
According to L2BEAT data on October 19th, the TVL of ConsenSys' Layer2 network Linea has reached 70.65 million US dollars, with a 7-day increase of 8.25%.
Cross-Chain Bridge Owlto Finance Has Exceeded 18,500 Transactions on the Scroll Network, Temporarily Ranking First in the Ecological Project List
October 19th, according to l2scan data, the cross-chain bridge Owlto Finance had a trading volume of 18,570 times on the Scroll network, with a 24-hour increase of 64.04%, surpassing DeFi project Skydrome (10,910 times), temporarily ranking first on the ecological project list.
Owlto Finance is a cross-chain bridge focused on Layer2.
Base Has Moved Its Testnet From Goerli to Sepolia, Which Will Become the Only Testnet in January Next Year
According to official sources, on October 19th, Coinbase Layer2 network Base announced that it has migrated its testnet from Goerli to Sepolia. From mid-October to January 2024, Base Goerli and Base Sepolia will coexist, but after that, Sepolia will become the sole testnet for Base.
The L2/bridging and infrastructure space is the fastest growing space year-to-date, with daily user activity up 149.28%
According to a 2023 Ethereum user trend report released by Nansen, the fastest-growing areas since the beginning of the year (YTD) are Layer2, bridging, and infrastructure, with a daily user activity growth of 149.28%. The DeFi field comes in second with a growth of 52%, indicating that users prefer scalability and DeFi solutions. The report shows that although most sectors have seen overall growth, the NFT and gaming sectors have seen a significant decline of 61.4% since the beginning of 2023. DeFi trading pairs make up the majority of new users' first actions on the chain, accounting for an average of 63% of first actions compared to Scaling and NFT entities, indicating that DeFi is still the primary entry point for new users in the ecosystem.
Bitget Wallet has launched support for Scroll mainnet
Bitget Wallet (formerly BitKeep Wallet) has supported the Scroll mainnet. As one of the first wallets to support the Scroll mainnet, users can customize and add the Scroll mainnet on their app and browser plugin end, add and transfer Scroll mainnet tokens, and interact with ecological projects.
Scroll is a Layer2 public chain built by Ethereum developers. It is committed to optimizing and expanding Ethereum performance through zero-knowledge technology and EVM features. In addition to supporting Scroll, Bitget Wallet has been actively expanding its support for new Layer2 public chain ecology, providing users with popular Layer2 ecological interaction experience.
Ethereum Layer 2 Network Mantle Network’s Total Locked-Up Volume Surpasses Starknet
According to L2beat data, the total value locked (TVL) of Ethereum Layer 2 network Mantle Network has surpassed Starknet, with a 20% decrease in Starknet's TVL in the past 24 hours. Currently, Mantle Network's TVL has reached $126 million. Historical data shows that Mantle Network's TVL reached a record high of $129 million on October 10, 2023.
Manta Pacific will transition from OP stack to Polygon Chain development kit
Manta Pacific will transition from its current Optimistic (OP) rollup to the zero-knowledge Ethereum virtual machine Validium. Following the deployment of the Manta Pacific mainnet last month, the Manta team has decided to abandon the OP stack and instead use the Polygon Chain Development Kit (CDK). Manta Networks' Chief Operating Officer, Kenny Li, pointed out that this decision was made because Manta hopes to leverage zero-knowledge technology to support faster finality speeds, and another reason for the shift to Polygon CDK is its support for modular design.
Orbiter Finance posted a picture or hinted that the airdrop will be launched soon
On October 16th, Layer2 cross Rollup bridge Orbiter Finance posted a suspected "airdrop" image on social media, implying that its airdrop will soon be launched.
The total amount locked on Ethereum Layer 2 is US$10.385 billion
L2BEAT data shows that the total locked amount on the Ethereum Layer2 is currently 10.385 billion US dollars, a decrease of 3.89% in the past 7 days. The highest locked amount is for the scaling solution Arbitrum One, which is about 5.705 billion US dollars, accounting for 54.94%, followed by Optimism, with a locked amount of 2.578 billion US dollars, accounting for 24.82%.
