
Vitalik Buterin Backs Soneium as Great Ethereum Layer-2 for Corporations
“The Soneium situation is a good live demonstration of how launching an ethereum L2 is great for businesses and users.” – Vitalik Buterin
“The Soneium situation is a good live demonstration of how launching an ethereum L2 is great for businesses and users.” – Vitalik Buterin
The sizable price surge that Starknet has recorded this past week contributed significantly to growth in activity in the derivatives market.
The Ethereum L2 ecosystem is gradually expanding with more protocols pushing to take a slice of the market.
Bush and Sigel also projected that there is a high chance that L2 networks generate significantly bigger revenues than the base Ethereum network.
Starknet is now the sixth-largest Layer-2 network by Total Value Locked (TVL) with $1.4 billion.
The platform, which is currently in its testnet mode, is set to launch its token in June ahead of the mainnet launch scheduled for October.
While the company has remained discreet about its latest valuation, the infusion of fresh capital underlines investor confidence in Eclipse’s vision and capabilities.
For many crypto firms that are currently exploring layer-2, they have found that it opens up potential new revenue streams.
In addition to Rollux, the SYS Labs ecosystem encompasses several other key components that contribute to its robust nature.