Ethereum L2 Scaling Models Under Review; Tether Adjusts Funding Amid Valuation Scrutiny
Ethereum L2 Scaling Models Under Review; Tether Adjusts Funding Amid Valuation Scrutiny
Vitalik Buterin's questioning of Layer-2 scaling models has prompted responses from major L2s like Arbitrum, Optimism, and Base, emphasizing specialization within the Ethereum ecosystem. Meanwhile, Tether adjusted its substantial funding plans, addressing market skepticism regarding its valuation. Separately, the Base network experienced and resolved transaction delays, with plans for ongoing infrastructure improvements.
L2 Scaling Models Debated
Base’s Jesse Pollak says L2s can’t be “Ethereum but cheaper” as builders respond to Vitalik Buterin’s call for specialization.
Tether Funding Adjustments
Tether CEO Paolo Ardoino scaled back the company's $20 billion funding plan, calling the target a "misconception," while maintaining a $500 billion valuation.
Base Network Stability Initiatives
Base is rolling out month-long infrastructure upgrades aimed at preventing future transaction delays and improving overall network reliability.