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Coinbase’s Base layer-2 network is going solo. On Wednesday, the largest chain in the OP Stack Superchain announced it’s ditching Optimism’s technology in favor of a fully independent codebase called base/base. The move immediately tanked Optimism’s OP token, which fell as much as 20% on the news. Base has historically generated over 90% of the…
Decentralized social platform Zora has shifted its focus from Base to Solana, launching a new product called “attention markets” that enables users to trade tokens tied to internet trends, memes, and cultural moments. The feature, unveiled on February 17, represents a significant pivot for the on-chain protocol, which built its reputation on non-fungible tokens and…
The Ethereum Name Service has scrapped its planned Layer 2 blockchain, Namechain, citing dramatically lower gas costs on Ethereum’s main network. Instead, ENS will deploy its ENSv2 upgrade directly on Layer 1. In a Friday blog post, ENS lead developer nick.eth attributed the decision to a “99% reduction in ENS registration gas costs over the…
Blockchain technology has revolutionized digital transactions, but it faces a critical limitation: scalability. As networks like Ethereum and Bitcoin grow more popular, they become congested, leading to: Slow transaction processing times High transaction fees (sometimes $50+ per transaction) Poor user experience that hinders mainstream adoption Layer 2 solutions were created to solve these problems by…
