Offchain Labs Acquires Prysmatic Labs
By buying the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is extending its layer 2 tentacles down to Ethereum’s base layer. Offchain Labs, the company behind the Ethereum layer 2 network Arbitrum, said it was buying Prysmatic Labs, which was one of the main engineering teams behind Ethereum’s move to proof-of-stake. The […]
KyberSwap DEX Launches On Arbitrum
KyberSwap decentralized exchange moved to the Arbitrum network in a bid to help users manage the Ethereum network congestion and its expensive gas fees. KyberSwap, a decentralized exchange (DEX) aggregator, has debuted on Ethereum’s layer-two scaling solution, the Arbitrum network. With this step, Kyberswap joins Ethereum (ETH), Polygon (MATIC), Fantom (FTM), BSC (BNB), Avalanche (AVAX), […]
1inch Network Expands operations to Arbitrum to Reduce Transaction Costs
1inch Network, a well-known decentralized cryptocurrency exchange aggregator, will be extending to Arbitrum in the near future. The 1inch team stated that the move is intended to cut transaction costs while simultaneously increasing throughput and withdrawal speeds. It allows developers to cross-compile contracts for use on Arbitrum, which is an Ethereum scaling solution created using […]