layer2

On November 3, the Ethereum Layer 2 project Scroll released a protocol upgrade proposal on its official governance forum, aiming to transform the existing permissionless general-purpose L2 network into a permissioned dedicated network focused on privacy AI applications, and to migrate the SCR token to the Ethereum mainnet, while keeping the token supply and overall token economic model unchanged.Scroll stated that operating a general-purpose network makes it difficult to ensure sustained demand, while the underlying infrastructure still needs to bear maintenance costs. Therefore, it plans to establish new network demand around AI products such as Compass, CENO, and USX. According to growthepie data, the net profit on the Scroll chain is only about $42.50, a decrease of approximately 92% over the past year.

Ethereum Layer 2 data platform L2BEAT announced its rebranding to ETHBEAT. The team stated that their work has clearly exceeded the scope of Layer 2, and the new name aligns with their new mission. The name change does not signify a abandonment of Layer 2 coverage; relevant monitoring will continue, but Layer 2 will no longer be the sole focus. The current emphasis is on confirming whether systems built on Ethereum truly deliver the assurances of Ethereum to users.L2BEAT was launched over five years ago, with the initial goal of organizing the rapidly developing Ethereum Layer 2 at that time. The team tracked adoption through dashboards, starting with total locked value, later adjusting to total assurance value, and expanding to data such as activity levels; they also reviewed the source code of deployed smart contracts to assess whether these systems inherit Ethereum's security guarantees.ETHBEAT will bring its existing transparency and review methods to a broader Ethereum ecosystem and collaborate with other Ethereum organizations. Layer 2 remains one of the core areas, alongside privacy and the upcoming liquid staking, while cross-chain interoperability, tokens, zero-knowledge proofs, native Rollups, and foundational layer changes will also continue to be tracked. The team also launched the CROPS guide, which includes projects that meet principles of anti-censorship, open-source, privacy, and security. Its mission is to help users understand and reduce reliance on intermediaries, clarifying whom users must trust, what these entities can do, and whether users can still exit after other participants withdraw.

Sony-supported Ethereum Layer 2 network Soneium plans to issue its native token $SONEIUM to connect entertainment creators, intellectual property holders, builders, fans, and investors. The plan was announced on October 26, 2026, with the core focus on tokenizing intellectual property, covering products such as royalty-backed assets, entertainment investments, and automated revenue sharing. The network is developed by Sony's blockchain division, Sony Block Solutions Labs.Soneium states that tokenizing intellectual property is used to represent the future economic value of creative works on-chain, allowing creators to raise funds from fans and investors and share commercial profits through automated revenue sharing. The related tokens can represent creators, studios, or individual works, taking the form of collectibles for fan activities or fungible tokens circulating within the intellectual property economy.The Soneium Portal is positioned as an entry point for the discovery, issuance, and investment of intellectual property, with royalties automatically paid through smart contracts. IP Vault aims to support royalty-backed assets and provide indirect participation in opportunities such as music catalog funds; IP Bonds will be supported by the entertainment business.The first projects focus on Asian pop culture, with partners including Super State Holdings and DayOneDream's WAVIST platform. The former starts with the character Moriusa, while the latter targets concert business royalties through WAVIST, involving artists such as BTOB and Lee Chae-yeon.The Soneium mainnet will go live on January 14, 2025, based on Optimism's OP Stack, with transaction fees paid in ETH, and the stablecoin USDSC has been used for settlement. It hosts over 250 applications, with approximately $9.38 million locked in the applications. Sony invested $13 million in early 2025 to infrastructure partner Startale Labs.

According to the latest weekly report from Binance Research, since August 31, the yield on the 10-year U.S. Treasury has risen by 47 basis points, of which 43 basis points came from an increase in real yields, while the inflation breakeven rate only rose by 4 basis points. The 10-year real yield once reached 2.95%, the highest since 2008.The weekly report also pointed out that since the interest rate hike in September, BTC has risen by 9.3%, ETH by 2.7%, and Layer 2, RWA, and AI tokens have increased by approximately 32%, 29%, and 29%, respectively, while meme and payment tokens have performed relatively poorly.Binance Research stated that the current high real interest rates still exert a suppressive effect on a wide range of risk assets, and future attention should focus on CPI, long-term U.S. Treasury yields, and BTC ETF fund flows.

According to CoinDesk, the Layer 2 blockchain Robinhood Chain, designed for tokenizing real-world financial assets, is evaluating a transaction sorting system that allows users to pay fees for prioritizing specific transactions. This technology is developed by Arbitrum, the infrastructure provider for Robinhood Chain. Insiders say that Arbitrum's previously launched paid transaction sorting technology, Time Boost, could provide users with a 200-millisecond prioritization advantage, but it was replaced on September 24 by the new Priority Gas Auctions model, which allows traders to pay higher fees to prioritize individual transactions. This new version is what Robinhood Chain is currently evaluating.Currently, Robinhood Chain employs a first-come, first-served transaction sorting strategy and has not yet utilized Arbitrum's original Time Boost application. Since launching its Ethereum-compatible network in July, Robinhood Chain has rapidly gained popularity and has entered the top ten blockchains ranked by total locked value. Robinhood's traditional brokerage business has long profited through "payment for order flow," where market makers pay brokers for the routing rights of customer orders.The mechanism of on-chain paid transaction prioritization operates differently; it provides advantages to traders by accelerating transaction processing speeds, helping professional institutions compete for fleeting trading opportunities.

According to Gate market data, due to network revenue being unable to cover maintenance costs, the Layer 2 network Blast announced it will cease operations. Following this announcement, South Korea's two major cryptocurrency exchanges, Upbit and Bithumb, have placed BLAST on their trading watchlists. BLAST has cumulatively dropped over 40%, currently priced at $0.0002433, with a market capitalization of approximately $24 million.

Arbitrum announced a per-transaction priority bidding mechanism to replace the original Timeboost mechanism.According to the disclosed allocation plan, 97% of the revenue generated from priority fees and paid Fast Feed subscriptions will be allocated to the DAO treasury, while the remaining 3% will be distributed to the Arbitrum Developer Guild.

According to SoSoValue data, after a significant rebound, the overall cryptocurrency market is experiencing a general pullback, with only the Layer2 sector remaining relatively strong, rising 1.13% in 24 hours, among which Stacks (STX) increased by 16.73% and Polygon (POL) rose by 6.29%. In addition, Bitcoin (BTC) fell by 1.10%, dropping below $79,000; Ethereum (ETH) decreased by 1.61%, falling below $2,500.In other sectors, the DeFi sector dropped 0.38% in 24 hours, with Ethena (ENA) down 7.78%, but Hyperliquid (HYPE) rose by 1.89%; the CeFi sector fell by 1.65%, with OKB (OKB) down 3.12%; the Layer1 sector declined by 2.39%, with Zcash (ZEC) down 6.44%; the Meme sector decreased by 3.42%, while SPX6900 (SPX) rose against the trend by 13.33%; the PayFi sector fell by 3.99%, with Dash (DASH) down 10.10%.

According to Arbitrum's official disclosure, Robinhood Chain has accumulated a total fee revenue of 5 million dollars in just over a month since its launch. This chain is aimed at programmable financial scenarios and is designed to promote further integration of traditional finance with on-chain infrastructure.Robinhood Chain is built on Arbitrum technology, providing an execution environment for on-chain businesses related to the brokerage Robinhood. The progress of this fee revenue indicates that its early network activity and application deployment speed are relatively fast, reflecting the trend of institutions migrating to programmable finance.

According to SoSoValue data, the cryptocurrency sector has generally declined, with the Layer2 sector dropping 3.57% in 24 hours. Among them, Mantle (MNT) fell 4.97%, Starknet (STRK) fell 4.93%, and Celestia (TIA) fell 9.54%. At the same time, Bitcoin (BTC) dropped 1.89%, falling below $59,000; Ethereum (ETH) fell 0.98%, dropping below $1,600.In other sectors, the PayFi sector declined 0.29%, but Stellar (XLM) rose 11%; the CeFi sector fell 0.87%, with Binance Coin (BNB) down 1.19%; the Meme sector dropped 1.05%, while MemeCore (M) rose 22.6%; the Layer1 sector fell 1.41%, with Cardano (ADA) relatively strong, rising 1.32%; the DeFi sector dropped 2.79%, with LAB (LAB) down 14.83%. Additionally, the SocialFi and NFT sectors remained relatively strong, rising 0.5% and 0.54%, respectively. Within the SocialFi sector, Gram (GRAM) rose 1.01%; within the NFT sector, Audiera (BEAT) rose 7.87%.

The Ethereum Layer 2 network Ink, incubated by Kraken, announced last night that the network is experiencing a full-chain outage, with current network availability being intermittent and services not yet stabilized.The official statement noted that before the chain returns to normal operation, user transactions and cross-chain bridging operations may experience instability. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and to advance network recovery efforts. As of the time of publication, Ink has not announced any further progress or recovery timeline.

Bitcoin developer Paul Sztorc announced the official launch of the Bitcoin hard fork network eCash, allowing BTC holders to exchange BTC for eCash at a 1:1 ratio after the hard fork goes live.It is reported that the Layer1 node software of this network will be an "almost replica" of the Bitcoin Core client, continuing to use the SHA-256 hashing algorithm and lowering the initial mining difficulty to attract more miners to participate. Meanwhile, eCash will also be equipped with seven Layer2 scaling networks called "drivechains" to enhance transaction throughput and support optional on-chain privacy features. Paul Sztorc stated that eCash is different from Bitcoin Cash in 2017, no longer using the "Bitcoin" name, and claims it is a long-term solution to Bitcoin's scalability and privacy issues. However, the proposal to manually reallocate a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked strong controversy in the community, with some Bitcoin supporters criticizing the move as "theft" and a violation of Bitcoin principles.

According to SoSoValue data, the overall trend of the cryptocurrency market is downward, with only the Layer2, SocialFi, and RWA sectors remaining relatively strong, rising 1.35%, 1.57%, and 0.12% respectively in the last 24 hours. Within the Layer2 sector, Mantle (MNT) increased by 3.42%. In the SocialFi sector, Chiliz (CHZ) rose by 5.69%. Within the RWA sector, Sky (SKY) went up by 1.42%.Meanwhile, the GameFi sector dropped by 12.34%, but Four (FORM) increased by 20.40%, and WEMIX (WEMIX) rose by 4.30%. Bitcoin (BTC) fell by 0.93%, dropping below $69,000; Ethereum (ETH) decreased by 2.41%, falling below $2,000.In other sectors, the CeFi sector declined by 0.58%; the Layer1 sector fell by 0.78%, with XDC Network (XDC) increasing by 9.41%; the PayFi sector dropped by 1.42%, while SafePal (SFP) rose by 1.93%; the DeFi sector decreased by 1.42%, but River (RIVER) surged by 22.30%; the Meme sector fell by 3.36%; the AI sector declined by 3.49%, although Kite (KITE) increased by 10.67%.The cryptocurrency sector indices reflecting historical market trends show that the ssiLayer2, ssiSocialFi, and ssiRWA indices rose by 1.93%, 1.68%, and 1.34% respectively.

Token Terminal monitoring data shows that the daily active address count on the Ethereum mainnet has surpassed that of all Layer 2 networks.

According to SoSoValue data, the overall cryptocurrency market shows a moderate upward trend, with the SocialFi sector rising 3.28% in the last 24 hours, marking two consecutive days of gains. Among them, Toncoin (TON) rose again by 2.99%, and Chiliz (CHZ) surged by 8.14%. Additionally, Bitcoin (BTC) increased by 1.63%, breaking through $88,000; Ethereum (ETH) rose by 1.54%, maintaining a narrow fluctuation around the $2,900 mark.In other sectors, the Layer1 sector rose 1.39% in the last 24 hours, with Canton Network (CC) significantly increasing by 19.46%; the PayFi sector rose by 1.30%, with Verge (XVG) up by 9.21%; the CeFi sector increased by 1.09%, with FTX (FTT) rising by 3.60%; the Meme sector rose by 0.60%, with Pump.fun (PUMP) up by 5.72%.Furthermore, the Layer2 sector fell by 0.63%, but Merlin Chain (MERL) rose by 3.94%; the DeFi sector decreased by 0.92%, while Kamino (KMNO) went against the trend, rising by 10.39%.The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiLayer1, and ssiPayFi indices rose by 3.50%, 1.52%, and 1.39%, respectively.

According to SoSoValue data, the cryptocurrency market sector generally rose, with the SocialFi sector increasing by 3.48% in 24 hours. Within this sector, Toncoin (TON) rose by 4.18%. Meanwhile, the CeFi sector rose by 2.65%, with Canton Network (CC) rebounding sharply by 21.59%, and Binance Coin (BNB) rising by 2.65%.In other sectors, the Layer1 sector increased by 2.46% in 24 hours, with Solana (SOL) rising by 3.80% and Zcash (ZEC) increasing by 4.38%; the Meme sector rose by 1.44%, with Pepe (PEPE) increasing by 2.89%; the DeFi sector rose by 1.12%, with Uniswap (UNI) increasing by 3.90%; the PayFi sector rose by 0.73%, with Dash (DASH) increasing by 2.02%.Only the Layer2 sector fell by 0.24%, but Zora (ZORA) rose by 9.15%.The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiCeFi, and ssiLayer1 indices rose by 3.61%, 2.51%, and 1.88%, respectively.