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Powered by Optimism’s OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum’s mainnet.

A taban in activity was marked by a sharp decline in the number of transactions and a spike in demand from long-term holders may underpin the bitcoin price.

The blockchain’s native token ether has underperformed bitcoin and other altcoins in recent months, the report noted.

Just $33 million worth of ether and stablecoins is currently deployed on Abstract.

Based applications — bApps — will be able to leverage Ethereum validators directly from the layer-1, allowing them to avoid security and centralizing risks.

Vitalik Butern’s proposal for an Ethereum Foundation restructuring has unveiled deep rifts within the network’s community.

A combination of rising transaction fees and a buoyant bitcoin price has given miners some relief.

Such fees are remarkably high for a low-cost blockchain, when transactions typically take fractions of a cent to settle.

The 78-year-old technology giant is the latest big name company to release a blockchain using Optimism’s OP Stack.

Also: Ripple’s Chainlink deal; Pyth partners with Revolut