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Cryptocurrency investors are increasingly focusing on projects with strong fundamentals and active development. Layer 2 solutions, which aim to improve the scalability and efficiency of blockchain networks, have garnered significant attention in recent months. According to a recent tweet by Santiment, a leading cryptocurrency analytics platform, three Layer 2 coins stand out in terms of development activity: Optimism (OP), Starknet (STRK), and Arbitrum (ARB). Also read: Shiba Inu: Machine Learning AI Predicts SHIB Price for May 5 Optimism (OP) Source: Crypto News Optimism, a Layer 2 scaling solution for Ethereum, has claimed the top spot on Santiment’s list of Layer 2 cryptocurrencies by development activity. In addition, the project has made significant strides in improving the Ethereum network’s scalability and user experience, attracting both developers and users. According to Santiment’s data, Optimism has an impressive 146% more daily developme...

This enables developers to access the leading random number generator (RNG) in the blockchain industry. Chainlink and Arbitrum Foundation hosting a workshop for VRF on May 22. advertisement Chainlink and Arbitrum Expand Partnership According to an official press release, Chainlink VRF has been implemented on Arbitrum One. This will bring benefits of both Chainlink and Arbitrum to new smart contracts and Dapps developed by developers. Chainlink VRF is the most widely adopted random number generator (RNG) in the crypto industry. It enables smart contract developers to build secure, scalable, and fair applications such as NFT and gaming. Moreover, building on Arbitrum One optimistic rollup have high-throughput and low-cost dApps advantages. Johann Eid , VP of Go-To-Market at Chainlink Labs, admits the crucial role Arbitrum plays in offloading Ethereum transaction congestion without sacrificing security. Recommended Articles ...

A pl ETH ora of projects is building on Ethereum [ ETH ]. The network is home to several layer-2 projects. It seems like the attention of the industry was veering toward these projects as opposed to ETH . Over the weekend, Optimism ’s daily transaction count hit an all-time high of nearly 700,000. This is reportedly a 700 percent surge since September 2022. Arbitrum also mirrored this notion. Both these projects together flipped Ethereum in terms of transaction volume. According to the graph, Ethereum handled more than 1.06 million transactions on January 10 while Arbitrum and Optimism together processed over 1.12 million. Source As seen in the chart, Optimism, as well as Arbitrum, have witnessed a persistent increase since September 2022. It should be noted that both these networks account for 80 percent of the entire layer-2 ecosystem. Therefore, the above data signifies the emergence of layer-2 networks over Ethereum. Ethereum’s average fee stays grounded for...