Sony's Layer2 project Soneium announces the list of winning projects in its incubation program
Sony Layer2 project Soneium announced the completion of the selection process for the Soneium Spark incubation program and released the list of winning projects. The program aims to provide comprehensive support for emerging blockchain projects, and selected projects will receive professional guidance from more than 30 partners in key areas such as marketing, business development, financial support, and technology integration.The selected projects this time are mainly divided into two categories: DeFi and Web3 experience.
Sony's Layer2 project Soneium will undergo two major upgrades at the end of the month to improve security and efficiency
Sony's Layer2 project Soneium announced that it will undergo two major upgrades at the end of this month. The upgrades will introduce Granite and Fjord through a dual hard fork upgrade, and update its Layer 1 contract to v1.6.0. Soneium stated that these upgrades will improve its security and efficiency, prepare Soneium Minato to join Superchain and expand the Soneium ecosystem with other OP L2, and enable Superchain governance to oversee future L1 contract upgrades, thereby strengthening the decentralization of its ecosystem.
The total locked value of Ethereum Layer2 network is 38.64 billion US dollars, down 10.38% on the 7th
According to L2BEAT data, the total locked value of Ethereum Layer2 network is currently 38.64 billion US dollars, down 10.38% on the 7th. The top five locked values are: Arbitrum One (15.65 billion US dollars, down 8.65% on the 7th); Base (6.45 billion US dollars, down 9.51% on the 7th); OP Mainnet (5.79 billion US dollars, down 10.75% on the 7th); Blast (2.02 billion US dollars, down 12.39% on the 7th); Mantle (1.23 billion US dollars, down 6.51% on the 7th).
Galaxy Research: The vast majority of Bitcoin Layer 2 networks will not survive
Galaxy Research said in a report that the vast majority of Bitcoin rollups will be unsustainable. Due to transaction fees, Bitcoin Rollups require millions of dollars per year to maintain. Galaxy wrote: "Each individual data publishing transaction can take up to 400KB (0.4MB) of block space, effectively taking up 10% of the entire block." Since there will be multiple Rollups, and data is expected to be published every 6 to 8 blocks, Rollups may quickly push base layer fees to new highs and make small transactions too expensive. Given the competition for block space, only Rollups that can generate the most fee income and pay block fees can maintain operations.
Ethereum Layer2 network total locked volume is 42.74 billion US dollars, down 5.76% in 7 days
According to L2BEAT data, the total amount of locked assets on the Ethereum Layer2 network is currently $42.74 billion, a decrease of 5.76% in the past 7 days. The top five locked assets are: Arbitrum One ($17 billion, down 5.21% in 7 days); Base ($7.08 billion, down 4.96% in 7 days); OP Mainnet ($6.41 billion, down 6.29% in 7 days); Blast ($2.29 billion, down 13.35% in 7 days); Scroll ($1.31 billion, up 2.53% in 7 days).
Ethereum L2 TVL rebounds to over $45 billion, up 10.54% in seven days
According to the latest data from L2BEAT, as the cryptocurrency market rises, the total locked value (TVL) of Ethereum's layer-two network has rebounded and surpassed $45 billion, currently reaching $45.14 billion, with a seven-day increase of 10.54%. The top five TVLs are:
Bitcoin L2 Network Stacks Completes Code Writing for Nakamoto Upgrade
The Stacks Foundation of the Bitcoin L2 network, Stacks, announced on X platform that Nakamoto's code writing has been completed ahead of schedule (July 15th) and is currently undergoing internal and external auditing, testing, and error correction. It is reported that the Nakamoto upgrade will separate Stacks' block production schedule from that of Bitcoin and introduce a new Stacks block production method, updating its transfer proof consensus algorithm. The Stacks Nakamoto upgrade will achieve transaction speeds of around 5-10 seconds, which is about 100 times faster than the current transaction speed.
Parallel Network: Withdrawal function will be launched on July 2
On June 30th, Parallel Network, a full-chain L2 network, announced on X platform that the withdrawal function will be launched on July 2nd. Users can withdraw assets from Parallel L2 to the public chain, including ETH, Manta, Merlin-Chain, and Arbitrum One.
Modular L2 protocol Layer N online test network V1.2 version
Layer N, a modular L2 protocol, announced that its testnet version 1.2 is now online.
L2 network Karak TVL exceeds $100 million, with a seven-day increase of 11.31%
According to L2beat data, Kara's total lock-up amount on the risk management L2 network has exceeded 100 million US dollars. At the time of writing this article, it has reached 104.02 million US dollars, reaching a historical high, with a seven-day increase of 11.31%. Karak is supported by Andalusia Labs and completed a Series A financing of $48 million last year, with Lightspeed Venture Partners leading the investment and Pantera Capital participating.
