#network

Base, engineered on OP Stack as a second layer network, has managed to surpass Arbitrum and Optimism in the number of daily transactions this week. Data from The Block highlighted that on August 15, Base's moving average reached 610,000 transactions, while the counts for Arbitrum and Optimism stood at 576,000 and 597,000, respectively. Although Optimism currently holds a slight lead, overall, the networks are closely competing.

RocketSwap, a DEX on the Base Layer 2 network, suffered a hack, losing 471 ETH ($862,000). The team identified lapses, including offline signatures during launchpad deployment and storing private keys on the server. While some accused the team of a potential rug pull, RocketSwap blames a third-party hacker who brute-forced a server to extract private keys. Post-hack, the hacker moved assets to Ethereum, creating a meme token, "LoveRCKT", which saw a brief price surge on Uniswap before plummeting.

Web3 gaming platform is launching a Layer 2 blockchain testnet, Immutable zkEVM, to reduce dependence on a single network infrastructure. The platform utilizes Polygon Supernets, which facilitate the creation of application-specific blockchains.

The BALD project’s scammer team managed to relocate 7000 ETH ($13 million) from Base network into Ethereum. Not stopping there, they sent 2100 ETH (around $4 million) to the Kraken exchange, possibly gearing up for a grand withdrawal. Want the full story on this crafty meme coin scam? Read all about it in our detailed article!

The Masterpiece collection of 8 NFTs presents a fusion of renowned artworks and creations by emerging artists, all integrated with the iconic Coca-Cola bottle. Timeless masterpieces such as “The Scream” by Edvard Munch, “Girl with a Pearl Earring” by Johannes Vermeer and “Bedroom in Arles” by Van Gogh harmonize with contemporary works by promising talents. Mint value: 0.011 - 0.014 ETH

The founder of Cardano, Charles Hoskinson, stated that the Hydra protocol is not only active on Cardano's mainstream network, but it's also rapidly evolving. He highlighted the innovative transaction processing methods, including tiered pricing and the Babel commission system. Hoskinson's comment was in response to a user, going by the pseudonym 0xONLY.arf, who expressed the opinion that Cardano is merely following in Ethereum's footsteps, albeit a few years behind.

Stated to be a staggering 10 times faster than Solana, the network accomplishes transaction finality in just 250 milliseconds. Trading of the blockchain's native token (SEI) has started on different centralized exchanges, and it's now valued at approximately $0.19. There's also news of an airdrop, but claiming will be permitted only after the "initial warm-up period." The time frame for this warm-up has not yet been revealed.

Jesse Pollak, Coinbase protocols lead, has clarified the "permissionless" nature of Coinbase’s Layer 2 blockchain, Base, on X (formerly Twitter). Responding to Gnosis founder Martin Köppelmann's concerns about Base’s centralization, Pollak emphasized that Coinbase doesn't have unilateral control over contracts or the ability to freeze funds on the network. Despite being the sole operator of Base's sequencer, Pollak insists that the platform aims to be open, permissionless, and decentralized.

Pavel Durov, the founder of the network, sent out warm wishes to all users from his channel. Some highlights: Telegram’s decade-long marathon has culminated in a robust 800 million active user base, all achieved advertisement-free; The next ambition is to exceed basic communication and metamorphose into something transcending a mere social platform. The next 10 years promise the unfolding of Telegram’s full promise. Celebrating this landmark! Our journey lacks essence without you!

The TVL of Coinbase's blockchain has surged to $146 million following its mainnet launch, surpassing StarkNet's TVL of $112 million. What's particularly striking is that roughly 87% of Base's TVL is held in ETH. However, the network's throughput still has room for improvement, with its TPS standing at roughly 5.81. For comparison, here are the TPS figures of other L2 solutions: Optimism — 6.88 Arbitrum One — 7.26 zkSync Er — 10.72

Ukraine's Security Service has successfully dismantled a significant underground network that was carrying out unauthorized financial transfers between Russia and Ukraine, making use of banned Russian payment systems and digital currencies. Active in four regions, these secretive hubs were handling over $1 million each month. Platforms like Yumoney, Webmoney, and various cryptocurrencies were employed to change Russian rubles into digital currencies and subsequently into Ukrainian hryvnia. The primary customer base was made up of hackers and companies participating in under-the-table transactions with Russia.