This report provides an in-depth analysis of the crypto market volatility in August 2024, exploring the overall decline in the Layer 1 market and the significant expansion of the Bitcoin Layer 2 sector.
JinseFinanceValidium is also an Ethereum Layer 2 expansion solution. It mainly processes transactions off-chain, ensures data availability off-chain (stores data off-chain), and generates zero-knowledge proofs to confirm the validity of transactions.
JinseFinanceL2 is currently the most effective way to expand Solana and generate network effects, so Solana also has to be L2-ized.
JinseFinanceXPLA, the Web3 gaming ecosystem in which Com2uS Group participates, has officially launched its own Layer 2 blockchain. XPLA Verse acts as L2 on the Oasys gaming-specific blockchain.
JinseFinanceTaiko is a decentralized Ethereum equivalent zkRollup project that aims to scale Ethereum through zkEVM technology.
JinseFinanceOKX Launches X Layer (formerly X1): ZK Layer 2 network on mainnet promises EVM compatibility, low fees. Integrated with popular wallets, transactions in OKB. Aims for global adoption, connects with Polygon ecosystem. Competes with Coinbase, Kraken in L2 space.
Xu LinObviously, we are still in the first half of the bull market, and the stories of the mid- and second-half of the bull market are still in the making.
JinseFinanceEclipse: The first SVM Layer2 to combine Ethereum security, Solana performance, and Celestia DA Narratives.
JinseFinanceThe concept of Layer 2 is not unique to Bitcoin or Ethereum, but is a general direction of expansion technology in blockchain technology.
JinseFinanceThe collapse of algorithmic Terra USD has created many setbacks and distortion in the broader crypto space. The outcome could ...
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