DeFI News by Thebittimes.Com

While Ethereum-based tokens dominated previous cycles, with Shiba Inu setting benchmarks in 2021 and Pepe gaining traction in 2023, Solana appears poised to lead the next wave. Solaxy (SOLX) is a Layer 2 blockchain built on Solana’s infrastructure, currently in its presale phase. It aims to solve issues like congestion, failed transactions, and scalability, offering faster, more efficient, and cost-effective transactions to support growth in the meme coin market. How Solaxy tackles Solana’s scalability issues with cutting-edge customization and performance Solaxy is positioned as a groundbreaking Layer 2 solution on Solana, designed to enhance blockchain performance by neutralizing common issues such as network congestion, failed transactions, and scalability limitations. The project focuses on offering smoother, faster, and more cost-effective transactions, addressing pain points that have often hindered Solana’s performance. The creators of Solaxy emphasize its...

The Ethereum layer-2 network launched by Blur’s co-founder and backed by Paradigm announced openings for two important roles for its promised mainnet which doesn’t exist yet. Blast, an Ethereum-based L2 scaling solution, is hiring for Senior DevOps Engineer and Senior Protocol Engineer positions after climbing to a mouthwatering $640 million in cryptocurrencies deposited by users. Blast’s job listing met with scrutiny from crypto users on social media, with many sharing doubts regarding the project’s ability to deliver a secure defi protocol that runs atop the largest altcoin blockchain . no mainnet no testnet no code no employees $634m tvl pic.twitter.com/ZsB9j5ktJw — aLANparty (@Alan_Purring) November 30, 2023 Both roles are crucial to building a functional blockchain mainnet which Blast does not yet have. However, undeterred speculative investors have poured hundreds of millions in digital assets into Blast’s deposit-only smart contract likely to capture early user adva...

Coca-Cola, the world’s largest soft drinks brand, has launched its NFT collection on the new Coinbase layer-2 network Base.  Coca-Cola has taken another stride into the digital art with its inaugural NFT collection on the Coinbase layer-2 network Base. As part of Coinbase’s “Onchain Summer” event, the beverage giant unveiled its Masterpiece collection, a fusion of revered artworks and contemporary creations intertwined with the iconic Coca-Cola bottle. ᴏɴᴄʜᴀɪɴ 🟡 ꜱᴜᴍᴍᴇʀ@CocaCola is bringing their Global Masterpiece campaign onchain with iconic works from leading artists. Mint now: https://t.co/xTWyI3O7IW pic.twitter.com/9wxFgt8qOh — Coinbase ️ (@coinbase) August 13, 2023 The Masterpiece collection encompasses artworks like Edvard Munch’s “The Scream” alongside contemporary pieces from emerging artists. This artistic amalgamation pays homage to Coca-Cola’s legacy while embracing the possibilities of digital creativity. Yo...