Gate Research: In recent years, Ethereum Layer 2 has developed a thriving ecosystem, becoming a significant segment within the cryptocurrency space. This article offers readers a comprehensive review, analyzing token performance and the current developments of various protocols, providing clear insights into the present state and competitive landscape.

This article reviews the ten-year journey of the cryptocurrency market, exploring the evolution of token issuance models, from mining to one-click token creation. It analyzes the impact of innovations like DeFi and NFTs on the market, and delves into the dominant roles of Solana and Base chains in new token issuance. The article also highlights the opportunities and challenges brought by diversified issuance methods.

Grass is a DePIN project built on the Solana network that leverages unused internet bandwidth to gather information from public networks. This information is then used to train large language models (LLMs) and establish a transparent data marketplace that rewards all participants. The protocol utilizes the bandwidth of users' devices to search for necessary information, process the collected data, and record its provenance history on the blockchain using zero-knowledge proofs (ZKPs).

The Wallet Connect Network is a foundational infrastructure designed to support the decentralized web by facilitating seamless and secure interactions between applications and wallets.

Click to learn how to make successful trades using the VWAP (Volume Weighted Average Price) technical indicator.

10+ must-have testnet faucet websites to access free tokens, test dApps, and boost blockchain development safely with risk-free experimentation.

Click to discover how Moonbeam’s parachain ecosystem boosts blockchain development.

Learn about Lyvely, the Web 3 platform revolutionizing the digital creator economy.

SparkPoint (SRK) is a blockchain ecosystem offering a crypto wallet, DeFi services, and gamified learning to drive cryptocurrency adoption globally.

Click to learn about Basenames is heralding the latest advancements in cryptocurrency technology- converting wallet addresses into everyday names.

Click to discover PawChain’s comprehensive range of solutions, each tailored to ease blockchain usage for both new and experienced users.

Transak is an integration toolkit that allows developers to easily enable fiat-to-crypto and crypto-to-fiat transactions within their blockchain applications, websites, or web plugins.

Cellana is a community-owned decentralized exchange on the Aptos network that fosters DeFi growth through a sustainable liquidity incentives model.

Bitcoin’s price dropped 2.84% over the past 24 hours to $70,303, facing potential short-term resistance at $69,500 as bulls and bears contend for control. MicroStrategy announced a significant $42 billion Bitcoin investment plan to expand its reserves. Meanwhile, the U.S. Treasury suggested replacing stablecoins with a central bank digital currency (CBDC) to enhance stability. Canary Capital applied for a Solana spot ETF, joining traditional financial firms in expanding crypto offerings. Additionally, USDT circulation surpassed $120 billion, up 30% since the beginning of the year, reflecting strong demand.

Kava is an innovative decentralized finance (DeFi) project built on the well-known Cosmos blockchain. It enables users to lock up their cryptocurrency assets and borrow USDX, a stablecoin pegged to the U.S. dollar. Kava leverages Cosmos' sharding capabilities to manage supported crypto assets, including XRP, BNB, and BTC. Users can mint USDX by staking tokens and have the opportunity to earn KAVA token rewards. The launch of Kava AI marks a new phase in the integration of blockchain and AI, offering users advanced AI services. The upgrade of Kava Lend to version 2, deployed on the Ethereum Virtual Machine (EVM), introduces new partnerships and the integration of real-world assets, bringing new vitality and possibilities to the Kava ecosystem. Key features of the Kava network include seamless interoperability, optimized scalability, and a rapidly growing ecosystem.