Solana Labs Co-Founder Explores Ethereum as a Layer 2 Solution for Solana

On 2 July 203, Anatoly Yakovenko, the co-founder of Solana Labs, delved into the intriguing possibility of Ethereum functioning as a Layer 2 (L2) solution for Solana. Layer 2 solutions are bridge protocols that provide one-way security, and Yakovenko believes that Ethereum could potentially offer this for Solana.

Timeline of Ethereum, Solana

Ethereum founder Vitalik Buterin has expressed his sympathy and concerns for Solana and other cryptocurrencies in the context of the SEC's crackdown on the crypto markets. Buterin Feels Sorry For Rival Solana In the midst of the ongoing regulatory crackdown on cryptocurrencies by the US Securities and Exchange Commission (SEC), Ethereum co-founder Vitalik Buterin has extended his sympathy to Solana, a rival blockchain platform, in light of the legal actions taken by the SEC against Binance and Coinbase, both renowned cryptocurrency exchanges globally.

In the previous week, there was a significant recovery in the price of Ethereum (ETH), which temporarily interrupted the preceding downward trend that had been ongoing since April.

A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki.

An Ethereum (ETH) whale has been spotted withdrawing tens of millions of dollars worth of the leading altcoin from crypto exchange Binance over the last month. Blockchain tracking firm Lookonchain reports that an Ethereum whale has withdrawn 50,100 ETH worth over $91 million from Binance since June 8th. “This whale withdrew 8,500 ETH ($16.

Ethereum price is doubling down its bullish efforts after reclaiming support at $1,900 and extending the leg to $1,950. The second largest smart contracts token, powered by a proof-of-stake (PoS) consensus mechanism, is up 1.6% on the day and trading at $1,945 on Monday.

Solana (SOL) is poised to further enhance its decentralized finance (DeFi) ecosystem with the introduction of a new validator client. This exciting development has garnered attention from stakeholders and industry experts who believe it could significantly bolster Solana's position in the highly-stacked DeFi landscape.

Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized finance (defi) protocols, Lido Finance, and Rocket Pool, experienced 30-day growth rates ranging from 7.57% to 9.69%.

In a recent exchange with Matt Huang, Co-Founder and Managing Partner of Paradigm, a crypto-focused venture capital firm, Ethereum's creator Vitalik Buterin expressed his concerns over the U.S. policy approach to cryptocurrency. His comments came in the wake of the U.S.

Vitalik Buterin, the enigmatic co-founder of Ethereum, recently divulged an intriguing aspect of his cryptocurrency management approach. While staking, a strategy utilized by many crypto investors to earn passive income, is popular in the Ethereum community, Buterin surprisingly revealed that he stakes only a minuscule portion of his Ethereum holdings.

Ethereum Name Service (ENS) Labs has announced plans to introduce Layer 2 (L2) interoperability for its ENS domains during a community call on June 28. The implementation aims to improve performance, scalability, and cost efficiency for users managing their ENS domains.