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2023/08/19 09:14

$26 million ETH bridged: ConsenSys completes publi

ConsenSys has completed the launch of its Ethereum scaling rollup Linea, onboarding over 150 partners and bridging more than $26 million in ETH to date.

Linea went live with select partners onboarded to the alpha mainnet in July 2023, allowing developers to migrate existing decentralized applications (DApps) from Ethereum’s mainnet or other scaling solutions. The zkEVM is a layer-2 scaling solution that provides lower transaction costs and higher throughput for DApps in the Ethereum ecosystem.

Fantom DEX rescued at the eleventh hour following a planned shutdown
SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after its treasury funds were stuck on the troubled cross-chain protocol Multichain. In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX based on Fantom. Power will deploy 200,000 USD
into the SpiritSwap treasury.

On Aug. 9, SpiritSwap said it would wind down operations by Sept. 1 if it could not find a team to take over after the Multichain exploit drained its entire treasury. Interestingly, Power was also exposed to the Multichain fiasco but only suffered “small” losses, as its treasury assets were not bridged to Multichain.

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