Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Nitro Upgrade
Ethereum Scaling Network Arbitrum Nitro Upgrade to Go Live on August 31
The Nitro upgrade for Ethereum layer-2 scaling solution Arbitrum is slated to take place on Wednesday, August 31. Arbitrum shared updates regarding the forthcoming upgrade in a Twitter post late last night. Arbitrum Announces Nitro Launch Date The Ethereum-based scaling solution employs L2 structure, optimistic rollups to process transactions outside the Ethereum mainnet. Arbitrum completes operations in large batches off-chain before delivering them on Ethereum. With Nitro, however, the network should raise its transaction throughput and cut down transaction fees.…
3 years ago