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Blast launches Ethereum L2 mainnet as attention shifts to Pullix

  • Blast’s mainnet is now live, unlockiing billions of dollars in staked assets for users.
  • Pullix is days away from launching its native token PLX on top DEX and CEX.
  • Investors eyeing the hybrid exchange are aggresssively acquiring the PLX in a bonus presale round that ends on March 4, 2024.

As Blast, the Ethereum layer-2 network offering native yield for ETH and stablecoins, launches its mainnet, attention has inevitably flipped to the highly anticipated market debut for Pullix (PLX).

Blast mainnet live, unlocks billions of dollars in staked assets

Blast is an EVM-compatible optimistic rollups scaling protocol that offers up to 5% in APY to ETH and stablecoin holders who lock up assets on the network.

The project’s Ethereum L2 mainnet went live yesterday, February 29, unlocking nearly $2.3 billion in assets that users locked up since its unveiling in November 2023. With the mainnet live, early access users now have an opportunity to bridge and use decentralized applications (dApps) native on Blast, according to a post on X on March 1.

“Today, $2.3 billion and 181,888 community members are released to the Blast mainnet. Mainnet users will continue to earn Blast Points, and mainnet Dapps will now be able to earn Blast Gold,” the team noted.

As the mainnet for the Blast L2 take off, crypto investors keen on potential airdrop opportunities are set to extend their farming. Blast is reportedly eyeing a native token, likely to launch in May.

In terms of airdrops, Blast will distribute 50% to users with Blast points, and the other half to dApps (Blast gold).

Pullix ready for lift off with PLX Launch

Pullix, a new hybrid trading and investment exchange, is moving towards the official launch of its platform. Ahead of this, the native governance and utility token PLX will go live on trading exchanges starting on March 4.

Just two days before PLX hits Uniswap. Per details on the presale page, less than 40% of the bonus round tokens remain. Investors who missed out on earlier rounds have this final opportunity to grab PLX at discounted price of $0.14.

On March 4, 2024, PLX will go live on its first decentralised exchange with Uniswap. On March 7, it will be blast off for the hybrid exchange token on BitMart, the first centralized exchange (CEX) to support PLX trading.

What makes Pullix unique?

As a new trading exchange, Pullix targets revolutionizing the decentralized finance (DeFi) market. The platform’s design is a hybrid exchange model that combines the best of DEXs and CEXs into one platform.

While it offers the top security, convenience and ease-of-trading that make traditional exchanges popular, Pullix is taking the industry to the next level with a solution to DeFi’s liquidity problem.

An incentive program that sees traders earn as they engage in their daily trading is huge deal. 

Also big is a non-custodial approach that means users retain control of their assets. This is creating a buzz within the trading community, with Pullix’s offering of no-KYC brokers adding to its appeal for the new generation of traders that values privacy.

Pullix will also allow users to trade a wide range of financial instruments, from crypto, to stocks, forex, commodities and ETFs.

Pullix roadmap: What’s next?

Phase 1 of the Pullix roadmap indicates the platform has successfully navigated its presale launch, unveiled product development and acquired key licenses.

Now in Phase 2, the exchange is eyeing listing on top tier decentralized and centralized exchanges, unveil the beta launch and release platform on mobile apps. 

These milestones are coming up after the exchange’s epic presale offered one more chance with a bonus round – which investors have wasted no time in gobbling up.

The PLX bonus round ends on March 4, the same day Pullix lists on Uniswap. Visit their website for more details.

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BlackRock set to launch Brazil’s first Bitcoin ETF IBIT39 on B3 exchange

  • BlackRock to launch Brazil’s first Bitcoin ETF IBIT39 on B3 exchange on March 1, 2024.
  • IBIT39 mirrors Bitcoin’s performance and offers a 0.25% management fee, reduced to 0.12% first year.
  • BlackRock aims to meet the rising demand for regulated crypto investments in Brazil.

BlackRock, a global investment management firm, is poised to make a significant stride in Brazil’s cryptocurrency market with the upcoming launch of the country’s inaugural Bitcoin exchange-traded fund (ETF), IBIT39.

Scheduled to debut on March 1, 2024, on Brazil’s primary stock exchange, B3, the move marks a pivotal moment in the accessibility of digital assets for regional investors.

BlackRock’s Bitcoin ETF in Brazil

The iShares Bitcoin Trust BDR (IBIT39) is BlackRock’s response to the increasing demand for regulated avenues to invest in cryptocurrencies. Headed by Karina Saade, BlackRock Brazil Country Manager, the ETF is designed to offer qualified and retail investors an opportunity to gain exposure to Bitcoin within a regulated framework.

With Brazil’s financial landscape witnessing a growing interest in digital assets, BlackRock’s initiative underscores the importance of providing secure and transparent investment options to meet investor demand.

IBIT39 structured for market growth

IBIT39 mirrors the price performance of Bitcoin and comes with a management fee initially set at 0.25%, with a reduction to 0.12% for the first year on the initial $5 billion in assets under management (AUM).

This fee structure aims to attract investors while ensuring sustainability and profitability for the ETF.

Additionally, IBIT39’s introduction adds momentum to Brazil’s burgeoning crypto ETF market, which saw its inception in 2021 and has since experienced substantial asset growth.

As Felipe Gonçalves, B3’s Interest and Currency Products Superintendent, notes, the market has expanded to encompass 13 ETFs with assets totalling R$2.5 billion, signalling a growing appetite for digital asset investment vehicles.

BlackRock’s entry into Brazil’s Bitcoin ETF arena reflects its commitment to providing innovative investment solutions while catering to evolving investor preferences.

Saade emphasized that while BlackRock’s recent ventures into crypto-related products do not equate to an endorsement of Bitcoin itself, they acknowledge the rising interest among investors for this asset class.

With IBIT39’s impending launch, investors in Brazil are poised to gain access to a regulated and transparent vehicle for Bitcoin investment, further fueling the country’s cryptocurrency market growth.

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Delta hard fork results in 90% fee reductions across Optimism ecosystem chains

  • Delta hard fork slashes Layer 1 fees across Optimism chains by up to 90%.
  • Introduction of Span Batches consolidates Layer 2 blocks, reducing data transmission.
  • OP Labs aims to ease the adoption of OP Stack by alleviating fee burdens for operators.

Last week, the Optimism ecosystem witnessed a transformative shift with the deployment of the Delta hard fork across various chains, including OP Mainnet, Base, and Zora.

This technical upgrade, designed to slash Layer 1 fees, has surpassed expectations, marking a significant milestone for Optimism and its community.

A 90% decrease in fixed overhead costs

The Delta hard fork, spearheaded by OP Labs, the core developer behind Optimism, showcased remarkable efficacy in reducing fixed overhead costs associated with Layer 1 fees. Zora-sepolia’s data revealed a staggering 90% decrease in costs, leading to a substantial boost in revenue collection by Zora.

The key driver behind this achievement is the introduction of Span Batches, a pivotal feature embedded in the Delta upgrade. This innovative addition allows the consolidation of consecutive Layer 2 blocks into a single batch, significantly reducing the volume of data transmitted to Ethereum.

Developed by Test in Prod with initial contributions from researcher Protolambda, Span Batches delivered on its promise, slashing L1 fees by 6% to 11% for more active chains and exceeding 90% for less active ones.

Optimism, with its Superchain comprising Layer 2 chains utilizing optimistic rollups, has positioned itself as a frontrunner in reducing transaction costs for decentralized applications (dapps). Governed by the Optimism Collective, this ecosystem has now received a formidable boost from the Delta hard fork.

Alleviating fee burdens for chain operators

The Delta hard fork is not merely a technological upgrade but a strategic move to make the adoption of the OP Stack more accessible by alleviating fee burdens for all chain operators.

OP Labs expresses confidence in a blog post that this enhancement will ease the integration of the OP Stack, fostering a more seamless experience for operators within the Optimism ecosystem.

As the Superchain continues to evolve and adapt, the Delta hard fork’s resounding success echoes a promising future for Optimism.

The reduction in fixed overhead costs not only enhances the economic viability of the ecosystem but also positions Optimism as a leader in addressing the scalability challenges faced by blockchain networks.

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