At its peak in November, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain, the report found. And while that figure has since retreated, the sidechain is still processing more than up-and-coming networks such as Avalanche and Fantom. Source link … [Read more...] about Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
Sidechain
New zkSync sidechain brings privacy and decentralization at a few cents to Ethereum users
The Ethereum (ETH) scaling solution zkSync 2.0 was developed by combining the EVM-compatible zkRollup and zkPorter, an off-chain data availability system, dubbed as “the engine for mass crypto adoption.”Because the two are interoperable and composable, contracts and accounts on the zkRollup side are able to seamlessly interact with accounts on the zkPorter side and vice … [Read more...] about New zkSync sidechain brings privacy and decentralization at a few cents to Ethereum users
Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain
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 … [Read more...] about Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain
DeFi platforms Zapper and Aave announce Polygon sidechain integrations
As cripplingly high gas fees put scalability in the spotlight and multiple platforms rush to become the preferred home of Ethereum’s decentralized finance (DeFi) ecosystem, layer-two sidechain Polygon may be emerging as a frontrunner after scoring two big wins today. Both lending protocol Aave and portfolio management and batched transaction platform Zapper have announced that … [Read more...] about DeFi platforms Zapper and Aave announce Polygon sidechain integrations