Blockchain App Factory’s Post

#News #Arbitrum #Circle #Web3Platform Circle Integrates Arbitrum to Web3 platform: Arbitrum, a layer-2 scaling chain, has been integrated into the Web3 infrastructure platform of Circle Internet Financial, as noted in a blog post on September 12. The blog post stated that the Web3 platform introduces USDC-centric programmable wallets, smart contract infrastructure, and gas-fee abstraction to Arbitrum. Arbitrum is the highest layer 2 in Ethereum, with […] The post Circle Integrates Arbitrum to Web3 platform appeared first on Coinscreed.

A deep dive into Uniswap Labs's latest research on the impact of L2 scaling solutions reveals some compelling advantages for LPs, especially post-Dencun hardfork & EIP-4844. Research article: https://lnkd.in/dH4hpppE At the core of Ethereum's scaling debate, gas fees and blockspace are critical. Uniswap, as the largest Ethereum app by these metrics, serves as an excellent case study. Recent upgrades like the Dencun hardfork have further reduced costs and enhanced L2 accessibility. Before the hardfork, 97.5% of swappers on Uniswap benefitted significantly from L2s compared to Ethereum's mainnet—particularly for trades under $125k in the USDC/ETH pools. This is a huge win for retail users looking for efficiency and lower costs. L2s have at least 75% more concentration than Ethereum. This means not only better capital efficiency but also cheaper and more profitable liquidity provisioning (LPing). For instance, Arbitrum saw 3x more liquidity positions created this year compared to Ethereum! The numbers are in: Full-range LPs on L2s earn an average of 20% more from arbitrage than on the Ethereum mainnet. This highlights the potential for enhanced earnings due to quicker arbitrage opportunities and more accurate pricing. Post-EIP-4844, gas costs on Optimism decreased by 300% ($1.5 to half a cent), underscoring the dramatic cost benefits of L2s. While these costs may fluctuate with blob usage, the overall trend points towards cheaper operations on L2s. With major platforms like Arbitrum and Polygon Labs showing a significant increase in LP activity, it's clear that sophisticated LPs are frequently rebalancing and optimizing their positions, leveraging shorter block times and increased transaction throughputs. Despite the benefits, challenges remain. Decentralization needs to deepen, and fraud-proof mechanisms must evolve. In conclusion, as L2 costs continue to decline and user experiences improve, we'll likely see an accelerated migration to L2s. This is crucial not just for user savings but for the scalability and efficiency of the entire Ethereum network. Credits to Uniswap Labs for their insightful research. 🙌

Introducing the XRPL EVM Sidechain: We're excited to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enhancing interoperability and unlocking new opportunities in DeFi and RWA.

CrossFi Chain — What are Cosmos and EVM Together, Cosmos and EVM form the bedrock of the CrossFi chain, providing the infrastructure for scalable, interoperable, and secure decentralized applications. They've covered everything from consensus protocols to transaction confirmations, delivering cutting-edge solutions for the Web3 space. Read about these amazing technologies powering the CrossFi Chain. The future is here, built on CrossFi! Join us on our testnet and witness the evolution of decentralized finance firsthand. 🢂 https://lnkd.in/ewZUKf7n

LRT - Liquid Restaking Tokens That's all the "hype" right now, with infrastructure players like Eigenlayer, Karak and others. In 2021, Chainlink Platform supported the growth of LSTs, like Lido and Rocket Pool, via services such as price feeds for DeFi protocols to securely interact with these tokens to build financial primitives on top of them. Fast forward now in 2024, Chainlink Platform has expanded to 6 different services, such as Cross Chain Interoperability Protocol (CCIP), Price Feeds, Automation, Data Streams, Functions, and VRF. Liquid staking has also become one of the largest sectors in DeFi, with over $44B in Total Value Locked (TVL). Restaking, and by extension liquid restaking, have also grown at an exponential rate, with restaking representing approximately $14.6B in TVL. Chainlink Platform continues to be a core infrastructure supporting fast growing LRTs, such as Ether.fi, Renzo, Swell, Kelp, Eigenpie, and others. Read the blog below on why Chainlink Platform for data, compute, and cross-chain services is a must-have requirement for both LST/LRT asset issuers and the DeFi protocols that support them. Full blog: https://lnkd.in/gGKBzA7y

How the EigenLayer Ecosystem Revolutionizes Restaking and Data Availability in Web3? - Discover what EigenLayer is and how it revolutionizes the staking scene through liquid restaking on Ethereum. - Look at how you can become part of the brewing and breakthrough ecosystem as a decentralized business. Get to know more. #EigenLayer #Restaking #DataAvailability #Web3

On Ethereum, two of the most popular types of rollups are zero-knowledge and optimistic. Although they both aim to improve efficiency and scalability, each has unique characteristics. Read our latest blog where we compare their features.

XRPLedger is now available on MetaMask with Snap In a major development, MetaMask users can now easily access XRP Ledger with a single click. In a new tweet, Peersyst, the Ripple partner developing the XRP Ledger EVM sidechain, announced the launch of XRP Ledger Snap for MetaMask. MetaMask Snaps are modular extensions that allow developers to extend the functionality of the MetaMask wallet. This extensibility means that Metamask's 30 million monthly active users are now just one click away from creating an XRP Ledger account, creating a unique opportunity to accept and manage XRP Ledger assets in the Metamask crypto wallet. XRP Ledger Snap will allow users to interact with XRP Ledger (XRPL) using their MetaMask wallets. Users will be able to manage XRP and other tokens on XRPL, execute transactions, and interact with XRPL-based decentralized applications (dApps) without leaving the MetaMask interface. Snap fills the gap between MetaMask and the XRP Ledger, bringing the benefits of XRPL to the popular Ethereum wallet. Snap also includes all the current features available in XRPL mainnet and testnet and can be used by any dApp to connect and sign transactions. Other features include a web wallet that allows users to manage their XRP Ledger accounts, tokens and trust lines, and Transak on-ramp. XRP Ledger compatibility at work Ripple's engineering team is working closely with Peersyst to extend XRP Ledger interoperability through the XRPL EVM Sidechain, which will open new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, driving innovation and expanding the utility and reach of the network. Connecting the XRPL EVM Sidechain to the XRPL mainnet will involve the use of a bridge, with the wrapped XRP (eXRP) serving as the native asset and gas token. This bridge facilitates the transfer of assets between XRPL and EVM Sidechain EVMs, ensuring interoperability. The XRPL EVM Sidechain will be launched with Axelar acting as the exclusive bridge to the native sidechain gas token (eXRP) from XRPL. Axelar can also be used to bridge additional interoperable tokens to and from the main XRPL network, as well as from the more than 55 blockchains in the Axelar network.

On Ethereum, two of the most popular types of rollups are zero-knowledge and optimistic. Although they both aim to improve efficiency and scalability, each has unique characteristics. Read our latest blog where we compare their features.

On Ethereum, two of the most popular types of rollups are zero-knowledge and optimistic. Although they both aim to improve efficiency and scalability, each has unique characteristics. Read our latest blog where we compare their features.