layer2

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.

According to SoSoValue data, the overall cryptocurrency market shows a slight upward trend, with the Layer2 sector rising 1.66% in 24 hours. Within this sector, Merlin Chain (MERL) increased by 4.99%, and Mantle (MNT) rose by 4.07%.In addition, Bitcoin (BTC) rose by 1.37%, rebounding above $92,000; Ethereum (ETH) is still down by 0.77%, fluctuating around $3,200. In other sectors, the Meme sector increased by 1.45%, with MemeCore (M) rising by 9.7%; the Layer1 sector rose by 1.33%, with Zcash (ZEC) surging by 17.85%; the DeFi sector increased by 1.26%, with Beldex (BDX) rising by 13.63%; the CeFi sector rose by 0.96%, with Canton Network (CC) increasing by 2%; the PayFi sector rose by 0.82%, with Dash (DASH) increasing by 5.41%; and the RWA sector rose by 0.62%, with Keeta (KTA) surging by 33.44%.

According to SoSoValue data, the overall cryptocurrency market is experiencing a general decline, with a 24-hour drop typically around 3% to 8%. The Layer2 sector leads the decline with a drop of 7.72%. Within this sector, Starknet (STRK) fell by 13.13%, and zkSync (ZK) decreased by 10.99%. Additionally, Bitcoin (BTC) dropped by 3.91%, falling below $88,000; Ethereum (ETH) decreased by 5.17%, dropping below $2,900.In other sectors, the CeFi sector fell by 3.90% in 24 hours, with HashKey Platform Token (HSK) relatively resilient, rising by 1.35%. In news, HSK has passed the Hong Kong Stock Exchange hearing and plans to go public in Hong Kong; the PayFi sector declined by 4.85%, but Monero (XMR) rose by 3.55%; the Layer1 sector dropped by 5.31%, with Zcash (ZEC) falling by 17.38%; the Meme sector decreased by 5.44%, while MemeCore (M) rose against the trend by 7.15%; the DeFi sector fell by 6.40%, with MYX Finance (MYX) surging by 8.21% during the day; the AI sector declined by 6.84%, but within the sector, SoSoValue (SOSO) rose by 8.43%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiDePIN, and ssiGameFi indices fell by 8.23%, 8.22%, and 7.67%, respectively.

According to SoSoValue data, the cryptocurrency market mostly rose, with the AI sector increasing by 1.98% in 24 hours. Among them, Bittensor (TAO) rose by 7.29%, and KAITO (KAITO) rose by 12.53%. Meanwhile, the SocialFi sector rose by 1.98%, with Toncoin (TON) increasing by 2.96%. Additionally, Bitcoin (BTC) rose by 0.04%, breaking through $88,000; Ethereum (ETH) rose by 1.24%, approaching $3,000.Other standout sectors include: the DeFi sector rose by 1.69% in 24 hours, with Ethena (ENA) increasing by 10.28%; the Meme sector rose by 1.44%, with SPX6900 (SPX) rising by 13.55%; the Layer1 sector rose by 0.69%, with Kaspa (KAS) increasing by 12.73%; the CeFi sector rose by 0.27%, with NEXO (NEXO) increasing by 2.32%.In other sectors, the Layer2 sector fell by 1.20%, while zkSync (ZK) rose against the trend by 6.10%; the PayFi sector fell by 2.12%, but Dash (DASH) rose by 2.40%.The cryptocurrency sector indices reflecting historical market trends show that the ssiNFT, ssiSocialFi, and ssiMeme indices rose by 2.19%, 1.55%, and 1.49%, respectively.

According to SoSoValue data, the overall cryptocurrency market is experiencing a period of consolidation. The Layer2 sector remains relatively strong, with a 24-hour increase of 0.52%. Among them, Starknet (STRK) rose by 17.49%, and zkSync (ZK) increased by 15.23%. Meanwhile, Bitcoin (BTC) rose by 0.09%, rebounding above $92,000, while Ethereum (ETH) fell by 1.93%, fluctuating around $3,000.In addition, the NFT sector increased by 0.33% in 24 hours, with Zora (ZORA) rising by 4.82%; the AI sector rose by 0.18%, with Fetch.ai (FET) increasing by 9.45%. In other sectors, the DeFi sector fell by 1.18%, but Hyperliquid (HYPE) rose by 1.13%; the Layer1 sector decreased by 1.3%, while Zcash (ZEC) went against the trend, rising by 12.07%; the Meme sector dropped by 2.03%, with Pump.fun (PUMP) surging 4.41% during the session; the CeFi sector fell by 2.58%, while Mantle (MNT) rose by 1.18%; the PayFi sector decreased by 3.54%, but Dash (DASH) increased by 5.75%. The cryptocurrency sector indices reflecting historical market performance show that ssiDeFi, ssiGameFi, and ssiSocialFi fell by 3.9%, 3.17%, and 3.11%, respectively.

According to SoSoValue data, the cryptocurrency market has seen a decline for three consecutive days, with a general drop of about 2% to 7% over the past 24 hours. Among them, the Layer2 sector fell by 7.13%, with Starknet (STRK) down 21.17% and SOON (SOON) down 30.60%. However, Movement (MOVE) remained relatively strong, rising by 2.70%.It is noteworthy that Bitcoin (BTC) dropped by 3.08%, falling below $92,000, erasing its gains for the year. Ethereum (ETH) decreased by 2.93%, briefly dipping below $3,000.In other sectors, the DeFi sector fell by 2.07% over the past 24 hours, but Hyperliquid (HYPE) and Uniswap (UNI) remained relatively strong, rising by 1.37% and 2.32%, respectively. The CeFi sector declined by 2.10%, with Binance Coin (BNB) down 2.21%. The AI sector dropped by 2.34%, with KAITO (KAITO) rising against the trend by 15.03%. The Layer1 sector fell by 2.80%, with Internet Computer (ICP) surging by 20.17% during the day. The PayFi sector decreased by 3.29%, but Velo (VELO) rose by 15.47%. The Meme sector fell by 4.15%, with Giggle Fund (GIGGLE) increasing by 3.93%.The cryptocurrency sector indices reflecting historical performance show that the ssiLayer2, ssiDeFi, and ssiMeme indices fell by 7.73%, 5.82%, and 3.95%, respectively.

ChainCatcher message, according to SoSoValue data, the entire encrypted market has risen across all sectors, with Ethereum (ETH) increasing by 6.11% in 24 hours, briefly breaking the $4200 mark. Bitcoin (BTC) rose by 3.19%, climbing above $115,000.In addition, the DeFi sector rose by 5.89%, with Uniswap (UNI), Ethena (ENA), and Curve DAO (CRV) increasing by 10.12%, 10.71%, and 12.11% respectively. Other notable sectors include Layer2, which rose by 5.81% in 24 hours, with Mantle (MNT) increasing by 8.48% and BSquared Network (B2) rising by 21.36%; the Meme sector rose by 5.39%, with SPX6900 (SPX) and Pump.fun (PUMP) increasing by 10.94% and 17.15%.In other sectors, the Layer1 sector rose by 4.49%, with Zcash (ZEC) significantly increasing by 29.19%, the CeFi sector rose by 3.09%, and Hyperliquid (HYPE) increased by 9.41%; the PayFi sector rose by 2.43%, with Dash (DASH) significantly increasing by 27.68%.

ChainCatcher message indicates that, according to SoSoValue data, the entire encrypted market is experiencing a decline, with the Layer2 sector leading the drop at 5.15% over the past 24 hours. Within this sector, Starknet (STRK) and Mantle (MNT) fell by 7.01% and 9.22%, respectively, while Merlin Chain (MERL) rose against the trend by 4.89%.In addition, Ethereum (ETH) dropped by 1.99%, falling below $3900. Bitcoin (BTC) decreased by 1.35%, dropping below $109,000.In other sectors, the Layer1 sector fell by 1.52% over the past 24 hours, but Aptos (APT) remained relatively strong, rising by 3.02%; the PayFi sector declined by 1.64%, with Bitcoin Cash (BCH) slightly increasing by 1.2%; the Meme sector dropped by 1.82%, while MemeCore (M) rose by 4.55%; the DeFi sector decreased by 2.65%, with Ethena (ENA) peaking at 2.42% during the session; the CeFi sector fell by 2.67%, and Hyperliquid (HYPE) dropped by 6.15%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiLayer2, and ssiSocialFi indices fell by 5.72%, 5.42%, and 3.87%, respectively.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, Bitcoin Layer2 Stacks has been the project with the most unfollows from X (Twitter) top figures. The new influential figures on X who unfollowed this project include cryptocurrency trader Loomdart(@loomdart), CryptoCondom(@crypto_condom), and Professor Suo (@hellosuoha).In addition, the project with the most unfollows from X top figures also includes Sonic.

ChainCatcher news, according to official sources, Ant Group's Layer2 blockchain Jovay has released its official white paper today, utilizing parallel pipeline execution and hybrid validity proofs (transitioning from TEE to ZKP).The official statement claims that a single node can achieve 15,700--22,000 TPS under specific loads, with a peak of 30,000 TPS for ERC-20 transfers and 28,000 TPS for native transfers in a 32-core/64GB configuration, with an end-to-end latency of approximately 160ms.Its ZK Prover introduces Sumcheck-style PIOP, WHIR commitment scheme, and GPU cluster acceleration (with Sumcheck speeding up more than 20× compared to CPU), and plans to scale through clusters to 100,000 TPS, targeting standardized processes for RWA (real-world assets) and cross-chain security architecture.

ChainCatcher news, according to CoinDesk, Wall Street giant Citigroup has released a new price forecast for Ethereum, expecting it to reach $4,300 by the end of the year, which is a decline from the current price. However, this is just the base case scenario. The bank's comprehensive assessment covers a wide range, with an optimistic scenario predicting Ethereum could reach $6,400, while a pessimistic scenario suggests it could drop to $2,200.Citigroup analysts state that network activity remains a key driver of Ethereum's value, but most recent growth has occurred on Layer 2 networks, and its "value transfer" to the underlying Ethereum network is still unclear. Citigroup assumes that only 30% of Layer 2 network activity contributes to Ethereum's valuation, which means the current price is above its activity-based model prediction, possibly due to strong capital inflows and market enthusiasm driven by tokenization and stablecoins.Citigroup expects that, given Ethereum's relatively small market capitalization and low recognition among new investors, its capital inflows will remain limited. Macroeconomic factors are believed to provide only limited support. As the stock market approaches the bank's target of 6,600 points for the S&P 500 index, analysts expect that risk assets will not see significant increases.

ChainCatcher news, according to SoSoValue data, the U.S. August PPI has significantly cooled, strengthening interest rate cut expectations. Meanwhile, SEC Chairman Paul Atkins announced the official launch of Project Crypto, aimed at improving regulatory rules to support the development of on-chain markets. As a result, the sentiment in the crypto market has warmed up again, with various sectors continuing their upward trend.The Layer2 sector rose by 6.64%, with Mantle (MNT) increasing by 12.98%, and the newly launched Linea (LINEA) soaring by 392.60%. Additionally, BTC rose by 2.62%, reaching $113,000. Ethereum (ETH) increased by 1.50%, breaking through $4,300. At the same time, MAG7.ssi rose by 2.48%, DEFI.ssi increased by 1.33%, and MEME.ssi rose by 2.45%.In other sectors, the Meme sector rose by 2.87%, with Pump.fun (PUMP) increasing by 18.58%; the Layer1 sector rose by 2.74%, with Avalanche (AVAX) increasing by 11.55%; the DeFi sector rose by 2.23%, with MYX Finance (MYX) rising again by 19.44%; the CeFi sector rose by 2.11%, with Hyperliquid (HYPE) increasing by 2.96%; the PayFi sector rose by 1.74%, with Stellar (XLM) increasing by 3.53%.The crypto sector indices reflecting historical performance show that the ssiLayer2, ssiMeme, and ssiGameFi indices rose by 5.36%, 2.66%, and 2.34%, respectively.