In a recent update, Buterin lauded Optimism for its role in standardizing asset transfers on Ethereum and its upcoming innovations like REMOTESTATICCALL and ERC-3668 light clients.
These enhancements aim to boost Ethereum’s efficiency and adoption.
Despite this, some critics argue that Ethereum’s ecosystem is struggling, with several projects failing and significant investor losses. Ethereum’s price fell to $2,000 but has rebounded to $2,600. The drop in gas fees has raised concerns about ETH burning and supply issues.
Buterin emphasized the growth of Layer-2 solutions like Optimism and Arbitrum, which have reduced transaction fees to under $0.01 and improved user experiences.
Advances in zero-knowledge (ZK) technology and STARKs are enhancing security and decentralization, while Buterin’s proposed Plurality aims to improve governance.
Recent data reveals that since the Dencun upgrade, 2.23 million blobs have been sold, generating $9.3 million, though revenue and ETH burned have dropped significantly. The upgrade has also led to increased transaction failures due to bots.
Coinbase is preparing to launch its cbBTC token on the Solana blockchain, according to the company’s Singapore director, Hassan Ahmed, during the Solana Breakpoint 2024 event.
Crypto-focused travel booking platform Travala has announced its integration with Solana, the fourth-largest blockchain by market cap, marking its third network addition after Ethereum and BNB Chain. CEO Juan Otero revealed this development during a panel at Solana Breakpoint in Singapore.
BNB Chain has announced its integration with Telegram, enhancing accessibility to Web3 for both users and developers.
PancakeSwap, a decentralized exchange, has reached $836 billion in cumulative trading volume and holds about $1.72 billion in total value locked (TVL) after four years of operation.