Battle for L2 Scaling Heats Up

Higher-than-expected inflation prints this week have increased the likelihood of more interest rate hikes ahead, with the market projecting an interest rate ceiling of around 5.25%, indicating the possibility of two to three 0.25% hikes.

[{"selector":"#anim-7786730d-5857-46a5-9a82-241e8189b0a5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Polygon is set to launch the Polygon zkEVM Mainnet Beta on March 27th, providing developers with the ability to replicate Ethereum code on Polygon zkEVM without significant changes, which will allow for cheaper and faster transactions and frictionless scaling. Arrow

[{"selector":"#anim-062bf47d-851a-4558-bd51-a394a5e58c59 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.275475429858574%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] zkSync 2.0 has been renamed to zkSync Era and has entered the "Fair Onboarding Alpha" stage, allowing registered projects to deploy their apps on the mainnet. However, the mainnet will not be open to end-users during this stage. Arrow

[{"selector":"#anim-c51f60da-d381-4ed6-bdc2-0eba90580d53 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.26665175133565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] NFT marketplace Blur has launched a 360 million $BLUR airdrop to eligible traders, amounting to 12% of its supply and a fully diluted market capitalization of $2.8B. Blur has also urged creators to block trading on OpenSea, escalating the marketplace royalty war. Arrow

Ordinals Protocol has gained momentum with over 124K inscriptions created, despite pushback from Bitcoin Maximalists. The protocol enables the creation of unique "digital artifacts" that can be held and transferred on the Bitcoin network.

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[{"selector":"#anim-d865b964-8c33-4675-abb5-b31694aa4724 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.275475429858574%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Square Enix and Polygon partner for Symbiogenesis, a Web3 experience with 10,000 digital collectibles and a virtual turn-based adventure. Arrow

[{"selector":"#anim-a40cb952-51fb-4cf0-a86d-dad3e2a6c2f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.26665175133565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] STEPN to conduct airdrop for Genesis sneaker holders in Play-to-Earn project. Arrow

[{"selector":"#anim-542d80c1-8b87-47e2-b562-c3995ce9fd5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Siemens issues first digital bond on public blockchain, citing benefits such as eliminating paper-based certificates and enabling direct sale to investors without intermediaries. Arrow

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