Author: Kryptonews
Understanding Layer-1 vs. Layer-2 Scaling Solutions Blockchain technology has struggled with scalability issues since its inception. As demand for decentralized applications (dApps) and transactions increases, many leading blockchains face slow processing times and high transaction fees. To address this, developers have turned to two primary scaling solutions: Layer-1 (L1) and Layer-2 (L2). While both aim to improve blockchain performance, they differ significantly in their approach. What Are Layer-1 Scaling Solutions? Layer-1 scaling refers to direct improvements made to the base protocol of a blockchain. These modifications aim to increase efficiency by optimizing core parameters such as block size, consensus mechanisms,…
Active loans across decentralized lending applications climbed to a record $23.723 billion on May 21, based on Token Terminal data.Meanwhile, the DeFi ecosystem’s total value locked (TVL) sits 6.4% below the level recorded on Jan. 31, the day before President Donald Trump formalized his proposed import tariffs. The surge in outstanding loans extends an expansion that began in early April when lending markets regained momentum alongside broader crypto prices. Token Terminal data shows that the aggregate loans have expanded by roughly $8.5 billion since April 8, lifted by deeper liquidity on Aave, Morpho, and Compound.At $23.723 billion, active loans now exceed the…
The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep a 1:1 peg to the US dollar, launched in March…
Strive aims to acquire 75,000 BTC from Mt. Gox creditor claims, leveraging a discounted opportunity to build its treasury amid a historic crypto recovery process in 2025.Strive Eyeing Mt. Gox’s Discounted BitcoinStrive’s plan to purchase 75,000 Bitcoin BTC at a discount from Mt. Gox claims is a calculated bet on the cryptocurrency’s long-term value. Strive, a Bitcoin treasury company led by Vivek Ramaswamy, requires shareholder approval to proceed, as the Japan-based Mt. Gox prepares to distribute its remaining assets to creditors.Strive announced that it has entered into a strategic partnership with 117 Castell Advisory Group LLC to source and evaluate…
CFTC outgoing commissioner Summer Mersinger has hinted that the agency would “very soon” approve crypto perpetual futures in the US.Speaking to Bloomberg on Thursday, she said that the commission has received some applications for approval of these products.“I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger said.CFTC to Greenlight Crypto Perpetual FuturesShe added that it will be great to get those products trading back onshore in the US. “I think it’s unfortunate that it has been driven offshore for so long.”Mersinger added…
The Scalability Problem in Blockchain One of the biggest challenges facing modern blockchains, particularly those like Bitcoin and Ethereum, is scalability. As the number of users and transactions increases, so does the load on the network, leading to slow transaction speeds and high fees. This limits the widespread adoption of blockchain technology and creates a bottleneck that stifles innovation. To solve this, developers have turned to Layer 2 solutions such as rollups and sidechains to improve efficiency and capacity without sacrificing security. Introducing Layer 2 Solutions Layer 2 solutions operate on top of the main blockchain (Layer 1) to handle…
As a global public resource, technology must remain open, accessible, and dedicated to promoting the greater good. The Next Billion Fellowship Program is a testament to this vision, seeking to capture stories of communities whose lives are changing for the better. Today, we are proud to introduce seven individuals with remarkable stories to share. Their narratives offer a glimpse into their diverse contexts and possible futures — ones we cannot fully foresee but where humanity is uplifted. By drawing inspiration from the Next Billion Fellows’ stories, we hope to imagine a future where this open protocol of human coordination serves…
Ted Hisokawa May 23, 2025 02:47 Ava Protocol, built on EigenLayer, offers a decentralized framework for validating and executing agent decisions onchain, eliminating the need for custom bots and offchain infrastructure. Ava Protocol, developed on EigenLayer, is making waves in the blockchain space by providing a robust solution for verifiable execution of agent-driven workflows. This protocol eliminates the reliance on custom bots and fragile offchain infrastructures, according to EigenLayer. Streamlined Workflow Automation The Ava Protocol serves as a coordination layer that validates and executes decisions made by autonomous agents. By leveraging Ethereum’s trust…
Introduction to Blockchain and Its Potential Imagine a digital ledger where information is stored in a way that makes it nearly impossible to cheat or alter—no single person or group controls it, but everyone can see and verify the transactions. This is the core idea behind blockchain technology, the system that powers cryptocurrencies like Bitcoin but extends far beyond digital money. Its decentralized, secure, and transparent nature has led many to wonder if it could reshape the internet as we know it. What Exactly Is Blockchain? Blockchain works like a digital accounting book. Unlike traditional ledgers held by banks or…
Web3 battle royale game Off The Grid will be coming to Steam in June 2025, with full cross-play available across PC, Xbox Series X/S and PlayStation 5.This comes after high-profile launches on Xbox, PlayStation and the Epic Games Store in October 2024 – with the blockchain game hitting the #1 spot on the Epic Games free-to-play list post-launch. Adding Steam availability will enable Off The Grid to reach a further 130 million active users on PC – and given recent updates that have seriously boosted the game’s performance, hopes are that this will serve to inject fresh players into the…
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