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 OKX launches Ethereum layer 2 network for lower fees amp interoperability

OKX launches Ethereum layer 2 network for lower fees amp interoperability


Published: 2024-04-16


1. OKEx launching Ethereum layer 2 solution: OKEx,one of the leading cryptocurrency exchanges,has announced the launch of an Ethereum layer 2 scaling solution to address high gas fees and slow transaction speeds on the Ethereum network. The layer 2 solution aims to improve user experience by lowering fees and enhancing interoperability between different decentralized applications (dApps).

2. Benefits of layer 2 scaling: Layer 2 solutions offer several advantages such as significantly lower transaction costs,faster confirmation times,and increased scalability for the Ethereum network. By moving transactions off the main chain and onto layer 2,users can enjoy improved efficiency and reduced congestion on the Ethereum network.

3. Impact on the DeFi ecosystem: The implementation of OKEx's Ethereum layer 2 solution is expected to have a significant impact on the decentralized finance (DeFi) ecosystem. Lower fees and faster transaction speeds could encourage more users to participate in DeFi protocols,leading to increased adoption and liquidity across various decentralized applications. This move highlights the growing importance of layer 2 scaling solutions in addressing the scalability issues faced by popular blockchain networks like Ethereum.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,072.30 1,779,251,914.80
2 BTC title=BTC 64,056.49 1,762,246,732.71
3 ETH title=ETH 3,227.51 1,364,480,958.13
4 SOL title=SOL 138.11 580,027,784.42
5 PEPE title=PEPE <0.01 282,425,869.57
6 ETHFI title=ETHFI 4.51 219,931,790.77
7 ENA title=ENA 0.94 204,599,412.19
8 XRP title=XRP 0.52 181,467,751.76
9 DOGE title=DOGE 0.14 176,269,969.24
10 WIF title=WIF 2.78 131,536,044.71
11 BONK title=BONK <0.01 91,684,214.11
12 NEAR title=NEAR 6.90 81,340,393.52
13 AVAX title=AVAX 35.23 73,153,675.13
14 OP title=OP 2.49 67,205,430.30
15 BOME title=BOME <0.01 65,413,593.31
16 PENDLE title=PENDLE 4.98 64,586,699.63
17 WAVES title=WAVES 2.59 62,105,077.14
18 RUNE title=RUNE 5.12 61,761,234.58
19 SEI title=SEI 0.64 61,089,418.91
20 MATIC title=MATIC 0.71 48,779,813.28
21 WLD title=WLD 4.75 46,982,025.81
22 GLM title=GLM 0.53 46,924,459.25
23 TRX title=TRX 0.12 44,088,079.00
24 LTC title=LTC 83.68 42,832,516.49
25 FLOKI title=FLOKI <0.01 42,832,427.73
26 FTM title=FTM 0.72 40,736,832.41

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Amp title=AMP <0.01 +10.35
2 Ethena title=ENA 0.94 +9.49
3 Waves title=WAVES 2.59 +8.74
4 Sei title=SEI 0.64 +7.54
5 W 0.68 +6.92
6 BinaryX [OLD] title=BNX 1.02 +6.87
7 Acala title=ACA 0.12 +6.62
8 BasedSwap title=BSW 0.08 +5.88
9 Lido DAO title=LDO 2.25 +5.30
10 dogwifhat title=WIF 2.78 +4.93
11 Mandala Exchange title=MDX 0.06 +4.22
12 NEO title=NEO 18.89 +3.68
13 Avalanche title=AVAX 35.23 +3.44
14 Bonk title=BONK <0.01 +3.02
15 Alpaca Finance title=ALPACA 0.18 +2.78
16 Ontology Gas title=ONG 0.65 +2.76
17 Pepe title=PEPE <0.01 +2.64
18 Orion title=ORN 1.70 +2.56
19 Mobox title=MBOX 0.36 +2.55
20 Santos FC Fan Token title=SANTOS 6.49 +2.54
21 Atletico Madrid Fan Token title=ATM 3.16 +2.53
22 FC Porto title=PORTO 2.59 +2.49
23 Wing Finance title=WING 6.21 +2.48
24 Chainlink title=LINK 14.16 +2.47
25 Nano title=XNO 1.21 +2.45
26 SafePal title=SFP 0.80 +2.28
27 Ankr Network title=ANKR 0.05 +2.17
28 Ether.fi title=ETHFI 4.51 +2.08
29 Manta Network title=MANTA 1.81 +2.08
30 Cortex title=CTXC 0.32 +2.08

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Cats Of Sol title=COS 0.01 -12.60
2 OAX title=OAX 0.22 -10.47
3 SSV Network title=SSV 47.16 -10.10
4 Pendle title=PENDLE 4.98 -9.71
5 Galxe title=GAL 3.53 -7.50
6 Maker title=MKR 2,858.00 -7.33
7 Balancer title=BAL 3.69 -6.86
8 Optimism title=OP 2.49 -6.10
9 LeverFi title=LEVER <0.01 -5.47
10 Akropolis title=AKRO <0.01 -5.45
11 Polymesh title=POLYX 0.38 -5.25
12 Voxies title=VOXEL 0.25 -5.08
13 High title=HIGH 3.66 -4.98
14 aelf title=ELF 0.59 -4.88
15 Loom Network (NEW) title=LOOM 0.09 -4.84
16 MANTRA title=OM 0.74 -4.76
17 Mines of Dalarnia title=DAR 0.15 -4.62
18 Numeraire title=NMR 24.04 -4.45
19 Dymension title=DYM 3.49 -4.31
20 FarmBot title=FARM 79.76 -3.96
21 Cartesi title=CTSI 0.20 -3.94
22 IQ title=IQ <0.01 -3.92
23 Osmosis title=OSMO 0.89 -3.79
24 Biconomy title=BICO 0.47 -3.73
25 Bittensor title=TAO 406.90 -3.51
26 Hifi Finance title=HIFI 0.79 -3.46
27 IRISnet title=IRIS 0.03 -3.44
28 AS Roma Fan Token title=ASR 4.02 -3.43
29 Chromia title=CHR 0.30 -3.41
30 Starknet title=STRK 1.22 -3.39

Bitcoin's Greed and Fear Index.

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67
Greed

Global CryptoCurrency News

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6 SEC and Gensler believed Ether was security for at least a year 2024-04-29
7 North Korean Lazarus Group has laundered over 200M in hacked crypto since 2020 2024-04-29
8 68 of Runes are in the red Are they really an upgrade for Bitcoin 2024-04-29
9 Avalanche integrates with Stripe for fiat to crypto onboarding 2024-04-29
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18 Ionet responds to GPU metadata attack 2024-04-28
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22 Google Cloud039s Web3 portal launch sparks debate in crypto industry 2024-04-28
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US news that has a significant impact on the market

at news day date time
1 Employment Cost Index q/q Tuesday 30-04-2024 13:30
2 S&P/CS Composite-20 HPI y/y Tuesday 30-04-2024 14:00
3 HPI m/m Tuesday 30-04-2024 14:00
4 Chicago PMI Tuesday 30-04-2024 14:45
5 CB Consumer Confidence Tuesday 30-04-2024 15:00
6 ADP Non-Farm Employment Change Wednesday 01-05-2024 13:15
7 Final Manufacturing PMI Wednesday 01-05-2024 14:45
8 ISM Manufacturing PMI Wednesday 01-05-2024 15:00
9 JOLTS Job Openings Wednesday 01-05-2024 15:00
10 ISM Manufacturing Prices Wednesday 01-05-2024 15:00
11 Construction Spending m/m Wednesday 01-05-2024 15:00
12 Wards Total Vehicle Sales Wednesday 01-05-2024 15:15
13 Crude Oil Inventories Wednesday 01-05-2024 15:30
14 Federal Funds Rate Wednesday 01-05-2024 19:00
15 FOMC Statement Wednesday 01-05-2024 19:00
16 FOMC Press Conference Wednesday 01-05-2024 19:30
17 Challenger Job Cuts y/y Thursday 02-05-2024 12:30
18 Unemployment Claims Thursday 02-05-2024 13:30
19 Prelim Nonfarm Productivity q/q Thursday 02-05-2024 13:30
20 Prelim Unit Labor Costs q/q Thursday 02-05-2024 13:30
21 Trade Balance Thursday 02-05-2024 13:30
22 Factory Orders m/m Thursday 02-05-2024 15:00
23 Natural Gas Storage Thursday 02-05-2024 15:30
24 Average Hourly Earnings m/m Friday 03-05-2024 13:30
25 Non-Farm Employment Change Friday 03-05-2024 13:30
26 Unemployment Rate Friday 03-05-2024 13:30
27 Final Services PMI Friday 03-05-2024 14:45
28 ISM Services PMI Friday 03-05-2024 15:00
29 FOMC Member Williams Speaks Saturday 04-05-2024 00:45

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