South Korean cryptocurrency exchange Ubit has announced the launch of its Ethereum Layer 2 solution, aiming to enhance transaction speed and lower costs for users. This new platform is expected to improve the overall efficiency of Ethereum transactions within the Ubit ecosystem.

A CurveDAO member has proposed halting further extensions of the decentralized exchange to Ethereum Layer 2 networks, citing low economic utility and the strain on developer resources. This move aligns with growing concerns about the effectiveness of the rollup-centric roadmap previously favored by Ethereum.

The Ethereum Foundation has unveiled a new protocol update aimed at creating a seamless experience across Layer 2 networks through an interoperability framework. This update introduces a roadmap with initiatives targeting faster confirmations and trust-minimized cross-chain interactions, alongside plans for enhanced user experience and privacy features.

Base, the layer-2 blockchain developed by Coinbase, is exploring the possibility of issuing a native token, as announced by creator Jesse Pollak at the BaseCamp event. The plans are in early stages, with the token intended to be built on Ethereum and compliant with regulatory standards. Since its launch in 2023, Base has achieved significant user activity and a total value locked of $5 billion, positioning it as a leading layer-2 network.