Blast, an Ethereum layer-2 scaling network developed by the founder of the prominent NFT marketplace Blur, marked its mainnet launch on Friday. This pivotal moment opened the floodgates to billions of dollars’ worth of crypto funds that users had previously locked up in pursuit of staking and airdrop rewards. With the help of this launch, […]
Blast Network’s layer 2 project, RiskOnBlast, has fallen victim to a significant exploit commonly referred to as a rug pull, resulting in the loss of approximately 500 Ether (ETH). Investors and analysts are now raising questions about the scrutiny involved in the RiskOnBlast venture, which was backed by anonymous founders with no established reputation. The […]
In the current bull run, a curious trend has emerged: layer-1 coins like Solana (SOL), Avalanche (AVAX), and Cardano (ADA) are outperforming layer-2 tokens like Arbitrum (ARB) and decentralized finance (DeFi) assets like Uniswap (UNI) and MakerDAO (MKR). Layer-1 Tokens Like Solana Leads The Performance Chart Taking to X on December 13, Thor Hartvigsen, a […]
Ethereum venture capitalists (VCs) are “not stupid” and know that investing in the world’s largest smart contract platform won’t result in the “multiples” they desire, according to a crypto user. Going by the handle R89Capital, claims that VCs are now looking at Ethereum layer-2 assets as vehicles to exit the market, dumping “Ponzi tokens.” Ethereum […]