Celo transitions to Ethereum L2 with 1 seconds block time and $0.0005 fees Migration enables native bridging, boosts speed, and lowers security risks Vitalik and Coinbase support Celo's shift to enhance Ethereum integration

Celo, which was first launched as a proof-of-stake layer-1 blockchain in April 2020, has officially become an Ethereum layer-2 network after its long-awaited hard fork. The successful migration was completed nearly two years after Celo's initial proposal in July 2023.

Celo has successfully migrated from a standalone Layer 1 blockchain to an Ethereum Layer 2 network, marking a major milestone after nearly two years of development. This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum's ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed.

Celo has officially transitioned from a standalone EVM-compatible Layer-1 (L1) blockchain to an Ethereum Layer-2 (L2), marking a significant milestone for the blockchain ecosystem.

Celo has finalized migration from a standalone L1 platform to an Ethereum L2 blockchain. The transition represents a key landmark in Celo's evolution, improving interoperability, security, and the entire ecosystem while ensuring sustainability and accessibility. The countdown platform shows the migration completed on 26 March, with Celo Layer2 Mainnet activation at 31056500 block height.

The transition ends a long journey beginning back in July 2023 and a fierce competition, won by Optimism, convincing the Celo ecosystem to build with their tech.

The Layer 2 development utilized the OP Stack from Optimism, migrating Celo into an optimistic rollup chain.

Celo's integration as an Ethereum layer 2 enhances scalability, security, and interoperability, potentially boosting Web3 adoption and innovation. The post Celo returns home to Ethereum as layer 2, migration completed appeared first on Crypto Briefing.

Celo has completed the migration to Ethereum Layer 2 after two years of development, transitioning from an individual blockchain to an interoperable network. The post Celo Completes Migration to Ethereum Layer 2 appeared first on Cryptonews.

Coinbase has announced its support for Celo's migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network.

Arbitrum DAO is reportedly reconsidering its Gaming Catalyst Program (GCP), potentially reclaiming 225 million tokens. The Gaming Catalyst Program aimed to cement Arbitrum's status as a powerhouse in on-chain gaming.

Members of the Arbitrum DAO are actively debating whether to revoke funds previously allocated to its gaming ecosystem initiative. The post Arbitrum DAO Debates Revoking Gaming Fund Over Lack of Progress appeared first on Cryptonews.

Members of Arbitrum's decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, citing a lack of progress and transparency. On March 24, DAO member Nathan van der Heyden submitted a proposal calling for the recovery of unused funds allocated to the Arbitrum Gaming Catalyst Program (GCP).

The GCP was approved during a period of exceptionally optimistic projections that, in hindsight, proved unsustainable, the authors argue.

Base and Arbitrum are the leading layer-2 (L2) blockchains by on-chain activities and revenue generation.

The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.

Aave v3 has launched on Celo, expanding DeFi access to Celo's mobile-first users and opening the platform to broader user growth.

TL;DR New Incubator Initiative: Offchain Labs launches Onchain Labs to accelerate the growth of Arbitrum's DApp ecosystem with hands-on support for innovative projects. Fair Launch Focus: The program emphasizes equitable, community-aligned launches to counter extractive, zero-sum market practices.

The Arbitrum Foundation has announced Onchain Labs, a program that will offer strategic support and resources to experimental projects.

Offchain Labs and the Arbitrum Foundation have launched Onchain Labs, a new initiative to accelerate early-stage projects within the Arbitrum ecosystem. This program aims to provide go-to-market support for experimental and high-risk blockchain applications, fostering innovation and expansion.

Offchain Labs said it will offer collaboration from ideation through launch on Arbitrum, including strategic product development support.

The new program is designed to provide go-to-market support to "experimental and volatile" projects, according to Arbitrum's main developer.

The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC).

The Aave deployment on Celo allows builders and users globally to borrow, lend, and earn yield with “sub-cent” transaction costs and one-block finality. The post Aave V3 is Now Live on Celo appeared first on Cryptonews.

Offchain Labs Co-Founder & CEO Steven Goldfeder breaks down Arbitrum's BoLD protocol and the broader Layer 2 ecosystem.

Digital asset exchange DigiFT has launched Invesco's tokenized private credit strategy on Arbitrum, further expanding the use cases of real-world assets (RWA) and giving institutional investors access to onchain credit markets.According to a March 13 announcement, Invesco's US Senior Loan Strategy (iSNR) token is now live on Arbitrum, a popular Ethereum layer-2 network. The tokenized asset was launched on Feb. 19 and is designed to track the performance of a private credit fund managed by Invesco, a publicly traded investment manager headquartered in Atlanta, Georgia.

Offchain Labs, the research and development team behind the Ethereum layer-2 solution Arbitrum, has unveiled a strategic plan to acquire ARB tokens.

TL;DR Offchain Labs has announced a strategic plan to gradually increase its ARB reserves, reinforcing its commitment to the growth of the Arbitrum ecosystem. The company plans to acquire tokens through open-market purchases and other transactions, leveraging technical advancements such as Orbit, Arbitrum BoLD, and Stylus.

Arbitrum announced a strategic buyback plan to acquire ARB tokens amid a prolonged price decline. Its backing company, Offchain Labs, marks a significant move to reinforce its commitment to the ecosystem.

Developers behind Arbitrum, Offchain Labs, have confirmed an impending strategic ARB buyback plan. The initiative involves gradual purchases of ARB assets via the open market and other transactions according to the plan. The move underscores Offchain Labs' dedication to enriching Arbitrum's growth and stability, positioning the blockchain as the leading Ethereum L2 scaling solution.

Offchain Labs, the development team behind Arbitrum, recently announced a strategic plan to purchase ARB tokens.

Offchain Labs revealed it had launched a strategic plan to increase its Arbitrum holdings. The Arbitrum R&D team announced it would purchase Arbitr over time through open market and other transactions.

Offchain Labs said it's reinforcing its commitment to the Arbitrum ecosystem by adding ARB tokens to its treasury.

The Cayman Islands has attracted a number of large crypto companies and foundations, and these new regulations will impact their operations. The post Cayman Islands Introduces New Crypto Licensing, How Will This Affect HBAR, SUI and ARB? appeared first on Cryptonews.

CertiK identified a signature verification exploit on Arbitrum, resulting in a $140,000 theft, highlighting the persistent security vulnerabilities within DeFi platforms. The post CertiK Identifies $140K Signature Verification Exploit on Arbitrum appeared first on Cryptonews.

The crypto market cap continued to decline over the weekend as major cryptocurrencies extended their losses after investors were disappointed by Donald Trump's strategic Bitcoin reserve. A wave of uncertainty caused by new US trade tariffs also impacted investor sentiment.

Blockchain security firm CertiK has identified a security breach on Arbitrum, where an attacker exploited a signature verification bypass to drain about $140,000. On Mar.

Cryptocurrencies continue to underperform despite highly-anticipated catalysts such as Donald Trump signing the crypto strategic reserve. Arbitrum has struggled with bearish tendencies recently, losing nearly 60% from $0.8 to $0.34 in the past three months. The significant dip has deteriorated ARB's profit margins, putting all holders at a loss.

Arbitrum has declined by 12% over the past month, leaving 99% holders at a loss.

Cryptocurrencies are highly volatile following President Donald Trump's on-again, off-again 25% tariffs on imports.

Arbitrum (ARB), the popular Layer 2 solution for Ethereum, has seen a significant price surge following its recent listing on the Robinhood platform. The ARB token spiked by 12%, rising from $0.378 to $0.435, before easing slightly.

Can ARB recover and reverse 65% decline after Robinhood listing?

The crypto market experienced a slight recovery over the past 24 hours, with traders eyeing a potential rally. Anticipation is growing ahead of former U.S. President Donald Trump's crypto summit scheduled for March 7.

Arbitrum's price jumped 12.9% on Thursday after Robinhood announced its listing, though ARB is still down more than 80% since its all-time high.

Arbitrum (ARB) has positioned itself as a leading Layer 2 solution for Ethereum, attracting significant attention within the crypto space. With its innovative Optimistic Rollups technology, Arbitrum has been driving scalability and efficiency on the Ethereum network while maintaining its decentralized nature.

An Ethereum (ETH) layer-2 scaling solution is soaring after gaining support from US retail trading giant Robinhood. According to Robinhood, the ETH layer-2 Arbitrum (ARB) is now available to be bought, sold, and traded over the trading platform. google336x280] News of the addition sent ARB rallying from a price of $0.

Arbitrum (ARB) has surged more than 12% in the last 24 hours following its listing on Robinhood, fueling strong speculative interest. Its market cap has now reached $1.8 billion, while trading volume has spiked to $400 million over the same period.

Robinhood announced the listing of Arbitrum (ARB) on its trading platform earlier today, triggering a 12.4% surge in the token's price to $0.42. The post Arbitrum Token ARB Spikes 12.4% Following Robinhood Listing appeared first on Cryptonews.