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The battle of the protocols is escalating as Berachain launches and Solaxy ($SOLX), the first Solana Layer 2, surges past $18.5 million in presale.  While Berachain is a Layer 1 solution that is EVM (Ethereum virtual machine)-compatible so it is interoperable with all Ethereum ERC20 tokens, Solaxy is making a different bet – one that solves the congestion problems of the red-hot Solana ecosystem. Berachain’s mainnet launch yesterday coincided with an airdrop to its community of 15.75% of $BERA token supply worth $630 million. The BERA coin quickly dropped in price, now down 28.5% over the past 24 hours – so if you are on the hunt for alpha, $SOLX is a much better bet. The new Layer 1 chain’s unique selling point is its proof of liquidity consensus system, designed to better align liquidity provider incentives and economics with securing the system. Put that another way, market makers, for example, become involved with the validation o...

After surpassing $12.6 million in presale funding on Wednesday, Pepe Unchained ($PEPU) made another splash with a developer grant announcement on X (formerly Twitter) to start building its ecosystem. This move will enable developers to test the capabilities of Pepe Unchained’s proprietary blockchain, which is anticipated to enhance transaction speeds by up to 100 times that of Ethereum. It will also offer significantly lower gas fees while maintaining security via its Layer 1 in Ethereum. Following the announcement, the Pepe Unchained presale attracted an additional $150,000 in capital on Thursday, raising its total to $13.86 million. However, investors looking to boost it to $14 million before the weekend have less than 48 hours to purchase $PEPU at $0.00981, as the price is set to increase to $0.00982 with the start of the next funding round. $PEPE, Meet $PEPU’s Little ‘Frens’ If Pepe Unchained’s predecessor, Pepe (...

Today, Polymer Labs secured $23 million in funding for its Series A round to help develop a modular layer 2 network .  The layer 2 network utilizes the Cosmos SDK’s Inter-Blockchain Communication (IBC) protocol, OP stack’s settlement features, and Eigenlayer’s data availability layer. Founders Bo Du and Peter Kim, who have been involved in the blockchain industry, shifted their focus to this project in the summer of 2021, aiming to improve blockchain interoperability. We've co-led the Series A of @Polymer_Labs! Polymer is establishing the next generation of the internet by scaling IBC interoperability to all blockchain s. More on our thesis by @yuan_han_li and @h_joshua_rivera. ↓https://t.co/82S4PovTTV — Blockchain Capital (@blockchaincap) January 23, 2024 You might also like: Religious leaders face fraud charges over crypto scheme Originally, Polymer Labs aimed to develop an entirely new interoperability protocol similar to several general message...