Monat: November 2023

Veröffentlicht am

zkLink launches Nexus, a Layer-3 solution for seamless Ethereum Layer-2 integration

  • zkLink has unveiled Nexus, a Layer-3 platform for seamless Ethereum Layer-2 integration.
  • Nexus ensures security with zk-SNARKs, adaptive liquidity rebalancing, and a unified SDK for easy dApp deployment.
  • Nexus was unveiled at the Layer-3 Summit during Devconnect in Istanbul, Turkey.

Blockchain solutions developer zkLink has unveiled Nexus, a groundbreaking Layer-3 (L3) platform designed to enhance the Ethereum ecosystem’s scalability, reduce gas costs, and provide unparalleled customizability for decentralized applications (dApps).

This development addresses the persistent challenge of liquidity fragmentation within different zk-Rollup Layer-2 (L2) ecosystems.

Bridging the gap in Layer-2 ecosystems

Nexus serves as a vital infrastructure layer, offering a unified trading layer for Ethereum’s Layer-2 protocols. Developed to seamlessly integrate with popular L2 solutions like zkSync, StarkNet, and Polygon zkEVM, the platform allows dApp developers to deploy their products across multiple Layer-2 protocols effortlessly. This eliminates the need for separate integrations, simplifying the process for developers.

Nexus boasts features such as security inherited from Ethereum through zk-SNARKs, adaptive liquidity rebalancing, and a developer-friendly interface with a unified software development kit (SDK). The platform introduces cross-L3 composability, enabling token transfers between different zkLink Rollup instances. Noteworthy is the efficient proof systems without a trusted setup, ensuring faster and more cost-effective solutions.

zkLink specializes in zero-knowledge powered blockchain solutions, with its flagship Layer-3 platform, Nexus, designed to address liquidity fragmentation, enhance security, and improve scalability in the Ethereum ecosystem.

As developers continue to seek efficient and customizable solutions for decentralized applications, Nexus emerges as a significant player in bridging the gap among different Layer-2 ecosystems.

The post zkLink launches Nexus, a Layer-3 solution for seamless Ethereum Layer-2 integration appeared first on CoinJournal.

Veröffentlicht am

Celestia pauses upside after stellar week – $TIA price outlook

  • Celestia (TIA) price was down 10% in the past 24 hours on Thursday afternoon.
  • While it traded near $5.68, the decline from the all-time high of $6.40 reached on November 15 threatens a dip to $5.00 or lower.

The price of Celestia (TIA) was down 10% on Thursday afternoon, trading near $5.68 as it retreated from the all-time high of $6.40 reached on November 15. Despite the declines seen over the past 24 hours, $TIA was still more than 130% up on the weekly chart.

But after its stellar performance that drew firepower from its listing on the global crypto exchange Binance, is Celestia due for a breather? Or are bulls not done yet?

What is Celestia?

Celestia is a modular blockchain network whose technology has catalysed most of the optimism currently engulfing its native token. The network decouples the consensus and application execution layers, thereby modularizing the blockchain technology stack to open up the developer possibilities available to decentralized application builders.

Having launched its mainnet just recently, Celestia is thus not as established in terms of users and other network metrics as the industry heavyweight Arbitrum, or would-be competitor NEAR. 

According to Mintscan, Celestia has processed just under 520,000 transactions and has 166 validators, with 100 active.

Celestia price outlook – what next for $TIA?

Speculation pushed the price of $TIA higher after the Binance listing. TIA is also on OKX, while Bitget was among the first to list this token.

Celestia TIA price chart. Source: TradingView

However, with the buzz around the token seeing a significant dip, its likely bulls might rely on psychological support to $5.50 and $5.00 before attempting to reestablish control.

If this happens amid a broader market upside, it’s possible the $TIA price could target the $10 level by the end of the year.

A bull market scenario and greater network growth for the cryptocurrency could see price discovery catapult the token’s price higher. On the flipside, breakdown below $5.00 could welcome a bearish retest of the area around $4.00 and likely $3.25.

The post Celestia pauses upside after stellar week – $TIA price outlook appeared first on CoinJournal.

Veröffentlicht am

USDC launches on Sei as Circle invests in layer 1 blockchain

  • Layer 1 blockchain Sei welcomes USDC as Circle makes strategic investment
  • USDC will provide Sei developers and entrepreneurs access to fast and instantaneous transaction settlements

Circle Ventures, the investment arm of USDC stablecoin issuer Circle, has made a strategic investment in Layer 1 blockchain Sei, the firms announced on Wednesday.

The strategic investment includes “go-to-market advice around Circle’s stablecoin infrastructure,” the Sei team noted. The stablecoin‘s integration will also see developers and entrepreneurs benefit from USDC’s global, cheap and instantaneous transaction settlements when building and deploying products.

It also means improved cross-border transactions and liquidity for users and developers on the Sei network.

“The entire Sei team is thrilled to work strategically with Circle Ventures, to create brand new use cases for USDC that leverage Sei’s infrastructure,” said Samy Karim, director at the Sei Foundation.

Karim noted that stablecoins are increasingly crucial for the overall growth of the crypto industry. Sei provides the scalable infrastructure needed to accommodate this demand, he added.

USDC expansion continues

Circle’s USDC is the second largest stablecoin in the market behind USDT, and has seen significant expansion across the ecosystem. The stablecoin recently expanded to Ethereum layer 2 network Optimism.

As CoinJournal reported in August, the partnership between Circle and Optimism brought native USDC to the OP Mainnet, allowing for institutional on and off-ramps to and from the platform.

Sei, which officially launched its mainnet in August, raised $30 million in a round backed by Jump Crypto and Multicoin Capital in April. It also secured $50 million from crypto exchange Bitget and venture firm Foresight.

The post USDC launches on Sei as Circle invests in layer 1 blockchain appeared first on CoinJournal.