The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis, titled “150 Days After Dencun,” revealed that since the fee-reducing upgrade, there has been a notable...
Read More »Ethereum Price Analysis: ETH Lags Behind as Pullback to $2.1K Becomes Possible
Ethereum has been facing significant resistance at the $2.8K level, which marks the lower boundary of a multi-month wedge pattern. The price action suggests that it might be completing a pullback, potentially driving the price down toward the $2.1K threshold. By Shayan The Daily Chart Ethereum has been grappling with the multi-month wedge’s lower boundary at $2.8K for several weeks, suggesting a possible pullback completion. After retracing toward this key resistance level,...
Read More »Tether Holds Back Blockchain Plans, Citing Market Saturation
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Read More »Layer-2 Meme Coin Pepe Unchained Raises $10M in Presale Event
Berlin, Germany, August 23rd, 2024, Chainwire Pepe Unchained (PEPU), a new meme coin project, has raised over $10 million during its presale event. The project, which is developing a Layer-2 solution on the Ethereum blockchain, has reported significant funding and community interest by promising faster transactions, reduced fees, and staking rewards. Pepe Unchained Passes $10M Presale Milestone Ahead of Planned DEX Listing The presale allows early investors to buy the native PEPU token...
Read More »Ripple Kickstarts RLUSD Minting on XRP Ledger and Ethereum
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Read More »Massive AAVE Whale Buying Leads to 45% Outperformance over Broader Crypto Market
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Read More »Aave Labs Launches Aave V3 on Era Mainnet
Aave Labs has officially launched Aave V3 on the Era Mainnet, marking a significant advancement in decentralized finance (DeFi). This new version of Aave uses zkSync technology to enhance security, privacy, and scalability. The announcement was made through Aave’s official X account. As stated in the blog post, the Aave V3 includes zkSync’s zero-knowledge (ZK), which can provide cheap transaction fees and high security through Ethereum proofs. Chainlink will also assist in delivering...
Read More »Cross-Chain Meme Coin Base Dawgz Raises Millions in Presale – Could DAWGZ be the Next BRETT?
Crypto investors can’t get enough of meme coins. The latest one causing a stir is Base Dawgz (DAWGZ) – a multi-chain coin that’s raised millions in its presale. And some investors are wondering if it could be the next big thing like the Base chain token Brett (BRETT). Base Dawgz – Unleashing the Power of Multi-Chain Functionality So, what exactly is Base Dawgz? It’s a meme coin inspired by the spirit of base jumping and the iconic Shiba Inu “Doge” meme. But it’s not just a...
Read More »Ethereum L2 Fhenix Launch Twin Incentive Program for Developers
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Read More »Launch a Network with Restaked Security in Minutes: Tanssi and Symbiotic Set New Ethereum Standard
Cayman Islands, UK, August 22nd, 2024, Chainwire Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks—also known as Actively Validated Services (AVSs)—in minutes. This expansion, driven by a strategic collaboration with Symbiotic, a leading permissionless restaking protocol, will allow developers to deploy highly customizable and decentralized networks, leveraging Ethereum’s robust...
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