The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum. Uniswap’s creator, Hayden Adams, announced the vote on May 27, revealing the proposal’s governance vote received 41.35 million votes in favor and zero opposing votes from UNI token holders. He noted that work is already underway to plan the deployment and design its interface. 2/ Assuming the snapshot passes we intend to support the community by deploying the v3 smart contracts to Arbitrum! We have already begun work on interface support and planning the deployment. — Hayden Adams (@haydenzadams) May …

Polygon has announced the launch of its SDK stack that will allow developers to easily deploy their own Ethereum-connected blockchains. SDKs, or software development kits, are single installation packages containing tools necessary for seamless app creation. According to an announcement on Wednesday, the Polygon SDK contains several plug-and-play modules with custom-made solutions for parameters like consensus and synchronization. Apart from consensus and synchronization, the Polygon SDK also contains other modules like TxPool, JSON RPC and gRPC. As part of the announcement, Polygon revealed that its SDK was designed to mirror a “Polkadot on Ethereum” approach, which could see the emergence …

Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week's downturn that was the “largest deleveraging event since the March 2020 sell-off,” according to an on-chain report from Glassnode. After suffering the biggest monthly price drop in Bitcoin (BTC) history, bulls now look to stage a comeback with a significant amount of support forming near the $37,000 level, and within the last hour, Bitcoin's price pushed up back to the $40,000 level. The capitulation experienced last week was “one for the history books,” with data from Glassnode …

Altcoins and DeFi sprang back to life on May 24 after a handful of decentralized finance tokens saw their prices increase by more than 60% as Bitcoin bulls pushed BTC price to the $38,000 level. Some analysts are describing the move as a 'dead cat bounce' but despite those concerns, the bounce in prices seen across the market is likely a welcome sight for cryptocurrency investors who experienced last week’s historical capitulation event that saw nearly $1.3 trillion in value pulled from the total cryptocurrency market cap. The biggest bounce-back performance among the top 200 coins was seen in the …

The Ethereum layer-two scaling solutions provider Optimism has announced a collaboration with blockchain analytics platform Etherscan. In an announcement on May 21, the technology provider declared it a major usability milestone, stating that it makes highly technical information easily searchable and human-readable. The firm provides L2 scaling technology called Optimistic rollups which builds on zero-knowledge proofs but changes the consensus so that instead of verifying each transaction, the network assumes that all of them are correct. Intervention is only necessary if there is an incorrect transaction in which case a “fraud-proof” is submitted. With the Etherscan integration, Optimistic Ethereum users …

On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment companies from providing services related to cryptocurrency transactions. According to these reports, China also issued a warning to several Chinese trade associations about the dangers of cryptocurrency investing. Data from Cointelegraph Markets and TradingView shows that bulls attempted to push the price of Bitcoin back above the $45,000 resistance level on May 18 only to have the price …

The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today. Blockchain-based global remittance platforms are one sector of crypto projects that have evolved over time to help meet the needs of peer-to-peer money transactions, and Telcoin (TEL) is one such project that has made significant gains in 2021. Data from Cointelegraph Markets Pro and TradingView shows that the price of Telcoin has surged more than 4,100% since Feb. 1, rallying from a low of $0.00066 to a new …

Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees on the Ethereum (ETH) network hampered the ability of buyers and sellers to interact with the protocols. The challenge of high fees eventually led some projects like Axie Infinity (AXS) and Smooth Love Potion (SLP) to migrate to other networks or embrace layer 2 solutions as a way to help lower costs. This move, along with a …

As the Ethereum network progresses along the slow, steady path toward Ethereum 2.0 and the full transition to proof-of-stake, layer-two solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One layer-two solution that has emerged as a top choice for decentralied finance projects and traders is Polygon, which over the past week, has seen its price of its MATIC token climb toward new highs due to a surge in activity on its QuickSwap decentralized exchange (DEX). Data from Cointelegraph Markets and TradingView shows that after hitting a low of $0.34 …

Decentralized finance yield protocol mStable has become the latest to embrace layer-two scaling solutions, announcing its deployment on Polygon (formerly known as Matic) on Monda. MStable’s interest-generating savings account, two of its “risk minimized meta-stablecoins” and its asset swapping features are now live on Polygon, offering users reduced fees when compared with its Ethereum mainnet deployment. 1/ mStable has launched on Polygon @mstable_ offers @0xPolygon users another source of USD and BTC liquidity, a DeFi-native savings account and two risk minimised meta-stablecoins. Get started: https://t.co/aLx10WWwEN Learn more / Guide: https://t.co/e5G36VBJip — mStable (@mstable_) April 26, 2021 Polygon is a layer-two …

Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a marketwide recovery that has a majority of altcoins seeing green. It's likely that the breakout was aided by bullish assessments from JPMorgan Chase analysts and PayPal's announcement that demand for purchasing cryptocurrencies had surpassed expectations. Data from Cointelegraph Markets and TradingView shows that after bouncing off a low near $47,000, Bitcoin roared back above the $50,000 support level and climbed above $53,500, while Ether (ETH) reclaimed $2,500. Last week’s market pullback did little to slow the …

Recently, layer-one solutions like Solana and Cosmos have grown in prominence thanks to each network's faster transaction times and lower fees when compared with the Ethereum network. An even greater focus has fallen on layer-two solutions that can help Ethereum keep up with the competition as it continues its process of switching to proof-of-stake. One project that has seen a steady rise in user activity and transactions over the past two months is Polygon, a platform for Ethereum scaling and infrastructure development. Data from Cointelegraph Markets and TradingView shows that since hitting a low of $0.26 as the market sold …