mainnet

The Ethereum Layer-2 network Base has surged to over $8 billion in TVL, surpassing Optimism’s OP Mainnet and becoming the second-largest Ethereum Layer-2 network. Despite a 58.6% decline in on-chain profits to $6.98 million in May, Base remains the most profitable Ethereum layer-2 network. In the latest development, the Ethereum Layer-2 network Base has surpassed $8 billion on total value locked (TVL) while overtaking Optimism’s OP Mainnet. This makes Base the second-largest Ethereum Layer-2, just behind Arbitrum One, with $18.7…

Illuvium, the open-world blockchain game developed by Immutable, will launch on July 25. The announcement comes after a series of beta testing phases that began with the Private Beta 4 on April 30 and continued with the open beta testnet.  Illuvium Announces Official Release Date Illuvium announced the release date on X. According to the announcement, after careful consideration and community feedback, the team took the decision to set July 25 as the release date so it could include several…

Ethereum Layer 2 blockchain, LightLink, announced the integration of Hummingbird with the Celestia mainnet. The integration is crucial for reducing storage costs and improving security on LightLink’s way toward 10,000 TPS.  Ethereum Layer 2 (L2) blockchain, LightLink, today announced the launch of its client, Hummingbird, on Celestia’s Mainnet. The integration is integral to LightLink’s journey toward reaching 10,000 transactions per second (TPS) and functions by reducing storage costs and enhancing security.  Reduced Transaction Fees and Greater Scalability LightLink, the Ethereum…

The IOTA Foundation has announced the launch of IOTA EVM, a Layer2 solution that can seamlessly integrate smart contract capabilities into the IOTA Network.  The announcement of the launch comes only a few months after the launch of the Shimmer EVM. It signals the culmination of extensive testing, audits, and significant enhancements.  The IOTA EVM  The IOTA EVM launch was made possible by a partnership between IOTA, LayerZero, Pyth Network, Stargate Finance, and Supra and offers an array of innovative…

Hongkong, Hongkong, June 3rd, 2024, Chainwire Term Structure, the pioneering non-custodial fixed-income protocol, has officially gone live with its mainnet on Ethereum. This launch introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can use their LSTs and LRTs as collateral to borrow tokens at fixed rates and terms and earn points and staking rewards in the primary markets, where the auction mechanism facilitates borrowing and lending. Meanwhile,…

IOTA joins LayerZero and is signaling an EVM release soon. DeFi projects like MagicSeaDEX and DeeprFinance are preparing for integration with IOTA, The IOTA blockchain network has successfully integrated with LayerZero’s mainnet, marking a significant advancement in blockchain interoperability. This development allows IOTA to be recognized as a chain on the LayerZero website, bypassing the EVM testnet and directly launching on the mainnet. This integration indicates that the release of the IOTA EVM (Ethereum Virtual Machine) is imminent, with expectations…

Hong Kong, Hong Kong, May 28th, 2024, Chainwire Term Structure, a non-custodial fixed-income protocol that provides fixed rates, fixed terms, and peer-to-peer borrowing and lending on Ethereum, is excited to announce significant updates and upcoming features as it gears up for the upcoming Mainnet launch. These developments demonstrate Term Structure's commitment to revolutionizing liquidity and risk management and introducing innovative solutions in DeFi.  Fixed income refers to investments that pay returns on a fixed schedule, typically in the form of…

The post Ethereum Layer 2 Taiko Live On Mainnet appeared first on Coinpedia Fintech News The Ethereum-based rollup Taiko is launched on the Ethereum mainnet as Vitalik Buterin proposed the inaugural block on Taiko’s mainnet. At the initial stage, Taiko’s rollup protocol contracts on Ethereum are controlled by a multisig arrangement. Taiko has a type-1 zero-knowledge virtual machine designed to emulate the Ethereum architecture, which includes a multi-proof proving system. Initially, Taiko will control block proposing and proving for the…

YieldNest, the most innovative liquid restaking protocol for Ethereum, has launched on Mainnet after a successful initial Contribution Round. The restaking protocol offers Ethereum holders the option to gain yields for allocating their ETH holdings, while still retaining the liquidity of their assets. Benefits of Restaking Using YieldNest EigenLayer has changed the concept of staking. Taking a page out of DeFi staking and LPs, EigenLayer has broken down barriers to revenue generation and security. By allowing restaking ETH tokens for…