The XRP Ledger (XRPL) sidechain will be built on the evmOS solution, with which they will seek to prioritize native Web3 enterprise applications and their compatibility with EVM. Ripple and Evmos to Build XRP Ledger EVM Sidechain evmOS is a modular, production-ready solution that supports EVM and web3 enterprises. It …
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Subsquid, a Web3 data access layer, has partnered with Google after raising $17.5 million across multiple funding rounds to build an omnichain indexing solution, according to a May 15 statement shared with CryptoSlate. In January, Subsquid’s native SQD token community sale emerged as the fastest CoinList sale ever, with the …
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Intensity Labs, the developer of the “intent-centric” DeFi protocol Shogun, has raised $6.9 million in a seed funding round. Polychain Capital and DAO5 co-led the round, with Arrington Capital, Arthur Hayes’ family office Maelstrom and Build-a-Bera participating, Intensity Labs said Wednesday. Angel investors, including Cobie, Ansem, Ser Shokunin and Meltem …
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Building on the success of Lens Protocol, Lens Lab, an entity under Avara, has announced the Lens Network, a blockchain-based network aimed at transforming the future of social media interactions. Developed on the ZK Stack utilizing zkSync technology on Ethereum, the Lens Network is poised to address and overcome the …
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–> UPDATED: May 15, 2024, 3:53AM EDT Lens Lab, part of the web3 project Avara and the core developer of the social graph Lens Protocol, has proposed the development of Lens Network, its own EVM-compatible Layer 2 network. Lens Network will be an EVM-compatible Validium chain developed using zkSync’s Layer …
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Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address …
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The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s …
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Former Polygon Labs Head of DeFi Jack Melnick joins Layer 1 developer Berachain in same role
by MK Manoylovby MK ManoylovJack Melnick, former head of decentralized finance (DeFi) for Polygon Labs, has joined the Layer 1 developer Berachain in the same position. Melnick started his position at Berachain on Monday. He had served as Polygon Labs’ Head of DeFi since January 2023. “For those who don’t know me — I’ve …
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This interruption has raised significant concerns among users and investors, given the chain’s pivotal role in enabling ultra-fast transactions and supporting the DEGEN token. Degen Chain Stops for 11 Hours When the Degen Chain abruptly halted its transaction processing, many speculated about potential technical issues or cyber-attacks. However, Will Papper, …
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This endorsement highlights the advancements and the unique privacy features that Railgun aims to bring to the decentralized finance (DeFi) sector. DeFi Through Zero Knowledge Proof Tech Railgun leverages zero-knowledge proofs (zk-SNARKs) to ensure user privacy while interacting with DeFi applications. “Zero-knowledge proofs allow users to prove a statement’s truth …