layer 1


Finance

Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity

Gravity's first iteration will go live this June, with plans for the final version with staking and restaking to launch in the second quarter of 2025.

Galxe's Gravity network (Galxe)

Tech

Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.

Fantom Foundation CEO Michael Kong (Fantom)

Finance

Crypto Sleuth Ogle Proposes Security-Centric 'Glue' Blockchain

The upcoming layer-1 takes a hands-on approach to ensuring project security.

The Glue homepage (Danny Nelson/CoinDesk)

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Finance

Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare

The stablecoin is backed 1:1 and can be staked on the Flare blockchain.

(engin akyurt/Unsplash)

Finance

Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem Fund

ZIGChain's ecosystem fund is backed by DWF Labs.

Zignaly co-founders A.Rafay Gadit, David Rodriguez and Bartolome R. Bordallo (Zignaly)

Finance

Blockchain Developer Monad Labs Raises $225M Led by Paradigm

The company is looking to offer an Ethereum-compatible environment that's faster than the original.

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Videos

Breaking Down Internet Computer's 40% Rally

Layer 1 Smart Contract Platform Internet Computer (ICP) gained 40% in the past week to a market cap above $8.8 billion. This comes after DFINITY Foundation founder Dominic Williams shared a video demonstrating an AI model running fully on a blockchain within a smart contract. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

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Tech

Cosmos-Based Canto Blockchain Reverses Course on Polygon Layer-2 Plans, Unveils New Roadmap

Canto will remain a Cosmos layer 1 network rather than shift to the Ethereum ecosystem, as previously announced. Its new Cyclone Stack will include upgrades aimed at scaling and improving performance of the blockchain.

Tornado Cash website and Discord taken offline (Nikolas Noonan/Unsplash)

Finance

Tether's USDT To Launch on Celo

The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.

Tether CEO Paolo Ardoino (Tether)

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