Track Layer 2 news across Bitcoin and Ethereum scaling, rollups, appchains, and the infrastructure expanding blockchain throughput.
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A recent research report shows that the number of payments over Bitcoin’s Lightning network has roughly doubled over the last year, at the same time as the value of the payments in U.S. dollar terms has increased by more than 400%.
The crypto payments processor now allows its customers to use “a low-cost alternative when paying with Bitcoin at BitPay-enabled merchants.”
Ethereum scaling solution Boba Network announced an integration with the Graph’s “Google of Web3” hosted service. The goal is to expand the data access on Boba’s optimistic roll-up scaling solution.
Acala and Karura protocols are set to launch integration with Wormhole to bridge between the Polkadot and Kusama ecosystems and eight different layer-1 systems, including Ethereum, Solana, and Binance Smart Chain.
zkLend, a money market protocol building on Ethereum layer-2 scaling solution StarkNet, has raised $5 million in funding in a seed-round led by Delphi Digital, StarkWare and Three Arrows Capital.
Later this week, the synthetic assets protocol Synthetix will launch its service on Optimism, the optimistic roll-up scaling solution on Ethereum. The launch will imply an upgrade to the protocol, and trading will initially be limited.
Sperax addresses the knowledge and skill barrier present in decentralized finance today. Through their novel auto-yield stablecoin, every holder of $USDs can benefit from passive income without technical or financial expertise.
