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I'mMarc Hochstein, CoinDesk's deputy editor-in-chief for features, opinion and standards.This article is featured in the latest issue ofThe Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time.Sign up hereto get it in your inbox every Wednesday.NEW DEVS ❤️SOLANA:The Solana ecosystem, ground zero for the memecoin craze, was the most popular blockchain among new developers this year, according to a report released last week by Electric Capital.
In July, this community became the first since 2016 to bring on board more devs than Ethereum.
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ai cafe ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.To highlight how busy it was, Solana's transaction count eclipsed the total of all other major chains combined.Read moreTHE INK IS DRY: Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live.
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Like Base, Ink is based on the OP Stack, a customizable framework that lets developers build their own rollups using Optimism’s technology.
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Leaders at Avalanche previously said that part of the goal with the upgrade is to attract developers to Avalanche and encourage them to create customized blockchains using its technology, known as subnets, or “L1s."Read more.A BOON FOR RUNES:Crypto degens have a new – and, if all goes according to plan, faster, cheaper and safer – way to trade Runes, the Bitcoin ecosystem's answer to memecoins.
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It's the first AMM for such tokens on Stacks.
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Runes launched in April and spurred a flurry of activity, paying 78.6 BTC ($8.18 million) in fees in the first 90 minutes.
However, less than a month later, this excitement waned considerably, with fees dropping more than 50%.
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Linea is a zero-knowledge rollup that came out in July 2023 and was built by Ethereum infrastructure giant Consensys.
It is the seventh-largest rollup network, according to L2Beat, with $1 billion locked in its ecosystem.
Rollups are a special type of blockchain where one can transact faster and at a lower cost.
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Zero-knowledge rollups, by contrast, finalize proofs within minutes.
ENS has been described as "the phone book for Web3," but a more precise analogy is the web's domain name service (DNS).
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