Ethereum Layer 2 News Roundup - Week 31

Maximize Your Airdrop Chances with Scroll Testnet

Author

Coin Wire
August 09, 2023

Home of the United States of Mars 3D Metaverse, Popular blockchain game Metamon World, NFT Marketplaces, and more.

This week: PayPal launches U.S. Dollar stablecoin based on Ethereum, Starknet testnet upgraded to v0.12.1, PancakeSwap airdrops, a step-by-step guide for Scroll airdrop, and more Ethereum updates.

KEY TAKEAWAYS

  • PayPal Launches U.S. Dollar Stablecoin Based on Ethereum

  • Starknet Testnet Upgraded to v0.12.1: The 2nd Stage of the Quantum Leap

  • PancakeSwap Airdrops: Complete All Tasks for a Chance to Win

  • Maximize Your Airdrop Chances: A Step-by-Step Guide for Scroll

ECOSYSTEM UPDATES

PayPal Launches U.S. Dollar Stablecoin Based on Ethereum

PayPal is launching their own stablecoin called PYUSD, which is pegged to the U.S. dollar. Users can transfer PYUSD between PayPal and supported external digital wallets, use the tokens to pay for goods and services or convert any of PayPal's supported cryptocurrencies to and from PYUSD.

PYUSD will be issued by New York-based crypto financial services firm Paxos Trust and will be fully backed by U.S. dollar deposits, short-term Treasuries, and similar cash equivalents. For more details, visit here.

Starknet Testnet Upgraded to v0.12.1: The 2nd Stage of the Quantum Leap

Starknet has announced via a tweet that they have upgraded to version 0.12.1 on the Goerli testnet on August 7. Starknet v0.12.1 will address the issue of sequencer resources being allocated to processing transactions that do not contribute to the final block.

Through the inclusion of failed transactions in a block and charging a fee for them, Starknet will optimize its processing potential for valid transactions. V0.12.1 will also be available on mainnet soon.

PancakeSwap Airdrops: Complete All Tasks for a Chance to Win

PancakeSwap v3 has launched on Polygon zkEVM and zkSync Era, and to celebrate, they are giving away valuable NFTs to users who complete quests on Galxe. For a step-by-step guide, visit here.

PancakeSwap v3 introduces Swap and Liquidity Provisioning functionalities, seamless token trading, and direct participation in liquidity provision.

Maximize Your Airdrop Chances: A Step-by-Step Guide on Scroll Testnet

The launch of Scroll Mainnet is scheduled for early August this year. You still have time to experience their Testnet for a chance to receive the airdrop from Scroll. For a step-by-step guide to maximize your chance, visit here.

Scroll is a zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools.

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