We are in the middle of the “Build Your Own Layer 2” trend. Worldcoin, Sony, and crypto exchanges are making a lot of noise about decentralization and innovation being primary motives. But read between the lines, and fees are a big factor too.
Aerodrome Decentralized Crypto Exchange (DEX) is now officially the highest fee-generating platform on Coinbase's Layer 2 blockchain Base. Is this the result of the unique features and collaboration with Base, or just wash trading?
Aerodrome Decentralized Crypto Exchange (DEX) is now officially the highest fee-generating platform on Coinbase's Layer 2 blockchain Base. Is this the result of the unique features and collaboration with Base, or just wash trading?
We are in the middle of the “Build Your Own Layer 2” trend. Worldcoin, Sony, and crypto exchanges are making a lot of noise about decentralization and innovation being primary motives. But read between the lines, and fees are a big factor too.
Degen Chain, a Layer 3 network built for memecoin trading, has seen over 10.5 million transactions and 500,000 new wallets in the last several days. Its native token, DEGEN, has surged 13x in the last two weeks, and currently boasts a market cap of over $500 million.
In its under two months of existence, Friend.tech has pumped, died and been revived, then been cloned, hacked, and the clone reportedly hacked at a loss to protect its monopoly. Safe to say that our original skepticism towards the project is yet to have softened.
