Blockchain
Coinbase’s Layer-2 Blockchain Base Network Surpasses $4 Billion TVL
Base, the Ethereum layer-2 blockchain developed by leading US crypto exchange Coinbase, has experienced a remarkable surge in its total value locked (TVL), surpassing $4 billion for the first time. According to L2BEAT, Base’s TVL stands at $4.15 billion, with $1.45 billion representing canonically bridged value and $2.7 billion in natively minted assets.
Base currently holds the third position among Ethereum layer-2 solutions in terms of TVL. It outpaces its closest competitor, Blast, which has a TVL of $2.77 billion. However, it is trailing Optimism in second place, with a TVL of $7.68 billion and market leader Arbitrum, which has a TVL of $18.77 billion.
Notably, among the top five layer-2 networks, Base is the only L2 to have witnessed a gain in TVL over the past week. Starknet experienced the largest loss at 9.0%, followed by Optimism with a decline of 8.2%. The surge in Base’s TVL coincides with a surge in activity, as its 30-day transaction count has surpassed both Ethereum and its rival Arbitrum. Base recorded 50.34 million transactions, outpacing Arbitrum’s 40.1 million and Ethereum’s 37.9 million.
Ethereum continues to focus on enhancing its layer-2 capabilities, as the recent Dencun upgrade successfully introduced EIP-4844, which lowers transaction costs for Base and other layer-2 solutions. Analysts at VanEck estimate that the scaling ecosystem of layer-2 solutions could achieve a market capitalization of $1 trillion by 2030.
Source: finance.yahoo.com
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Bybit Launchpool Introduces OBT and SOSO Rewards Through bbSOL Staking
Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
The post Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation appeared first on News, Events, Advertising Options.
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