Layer by Layer Issue 34: Optimism, Avalanche, and Solana

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain Avalanche and Solana have made progress on their own approaches to scaling, but they face the need to make additional technical advances before they can achieve sufficient stability at scale

Timeline of Avalanche, Solana

A well followed crypto analyst is developing long-term possibilities that will fuel a bullish rally for Ethereum (ETH) price and two of its main competitors. In a strategic planning talk, pseudonymous crypto analyst Cred claims that Ethereum is now moving below critical weekly support. Now the bulls must regain in order to ignite a 30% …

Users can expect to earn enhanced yields from SOL, alongside Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). Matrixport, one of the world's largest and most trusted digital assets financial services platforms, today announced the expansion of its flagship Dual-Currency Product to support Solana (SOL).

If you're a newcomer to cryptocurrency investing, you are probably looking first at the top bluechip names: Bitcoin and Ethereum. However, while the most popular crypto assets, there are some that might offer first-time investors a much larger upside than either ETH or BTC.

Token vesting is an innovative idea that ensures the decentralization of projects and prevents rug pulls. The problem, however, is the complicated nature of the tools used for token vesting, distribution, and payroll for team members and contributors.

Solana Ventures and Solana Foundation have raised a $100 million investment fund for crypto projects in South Korea, weeks after Terra's network collapse left many crypto projects in the country in a state of limbo. The post Solana launches $100M fund to attract crypto projects from South Korea appeared first on CryptoSlate.

Avalanche price analysis suggests downwards movement across the short-term charts. The closest support level lies at $22.74 AVAX faces resistance at the $24.96 mark The Avalanche price analysis shows that AVAX has been unable to climb past the $25.00 mark as the bearish pressure increased in recent hours.

Solana Ventures and the Solana Foundation have launched a $100 million investment and grant fund to bolster the growth of South Korean web3 startups building on the Solana ecosystem, a report revealed on Wednesday. Solana Launches $100M for Web3 Startups The investment fund, which is aimed at supporting the growth of gaming studios, GameFi, NFTs, and decentralized finance (DeFi), is backed by capital from Solana Ventures and the project's community treasury.

Solana developers are tackling bugs that hope to prevent network outages in the future so let's have a closer look at today's latest blockchain news. Solana developers are tackling bugs that knocked the network offline for the fifth time this year.

Solana has released a postmortem report examining the most recent 4.5-hour outage on June 1st. The outage resulted from a runtime bug triggered by the durable nonce transactions feature.

The value of Solana, a cryptocurrency in the top 10 in terms of market capitalization, dropped by more than 12% on June 1 as a result of its second outage in a month. A problem with the blockchain's processing of a niche transaction type meant for offline use caused it to malfunction. After its validators The post Why did the Solana blockchain halt again? appeared first on Invezz.