This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $ 1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. …
On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm Solidproof’s Know Your Customer (KYC) process. Zksync’s v24 Upgrade The layer two (L2) Ethereum blockchain scaling protocol, Gemholic, faced allegations of […]
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $ 11.89 billion, recovering from a low of just over $ 83 billion on April 13. Although it has not yet reached the $ 100 billion mark, the value locked in defi is approaching that …
The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $ 8 billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for …
Vitalik Buterin, co-founder of Ethereum, reportedly has over $ 1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with significant funds locked on various bridge contracts. Among these, a wallet associated with Bofur Capital has $ 1.8 million in wrapped Bitcoin stuck …