Analysis: Layer 1 And Layer 2 Projects: Avalanche (AVAX), Ether (ETH), Optimism And More

There Are No Many Bitcoins Left... Terra, AVAX, Solana Stats Updated - Layers 1 And 2 News - 29/03-04/04/22

ETH merges on Kiln testnet ahead of its change to proof-of-stake; Vitalik makes sharding-related proposal EIP-4844. Aptos blockchain from ex-Diem members raises $200M. Layer 2 solution Optimism raises $150M at $1.65B valuation.

MAR 22, 2022
 
 
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Key Takeaways

  • Ethereum (ETH) merged on Kiln, its public testnet, ahead of its eventual change to a proof-of-stake (PoS) network. Meanwhile, Ethereum founder Vitalik Buterin introduced EIP-4844, which proposes an upgrade known as Proto-Danksharding. This introduces a new “blob-carrying” transaction type and lays the initial technical groundwork for ETH’s transition to sharding. 
  • Former members of Meta’s defunct stablecoin project Diem raised USD 200M to build a new layer 1 blockchain called Aptos. The team launched their public Devnet, welcomed developers, and made their codebase open source. 
  • Layer 2 solution Optimism raised $150M in Series B funding at a $1.65B valuation from Paradigm and Andreessen Horowitz. 
  • Cronos (CRO) saw a +7.52% increase in total transaction to 23.17M, while its TVL grew to $3.27B (+20.75% week-on-week). The total number of wallet addresses now stands at 460,891, up +4.15% from last week.

Highlights

 
 
Week 11 Layer 1 Project Metrics
 
 
Week 11 Layer 2 Project Metrics

Source: Crypto.com

There Are No Many Bitcoins Left... Terra, AVAX, Solana Stats Updated - Layers 1 And 2 News - 29/03-04/04/22

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