Search results for Arbitrum One
Crypto
Arbitrum DAO shifts Nova to maintenance mode, urges move to Arbitrum One within 90 days
Ethereum layer-2 Arbitrum DAO has approved a proposal to gradually shift Arbitrum Nova into maintenance mode and recommend that developers and users migrate to Arbitrum One within 90 days. The migration period runs for 90 days through Sept. 2, 2026. Users should move applications, liquidity and infrastructure to Arbitrum One during that time. Nova will continue operating after the period ends but under a minimal maintenance setup.
AI & Enterprise
Syndicate Labs, an Ethereum rollup startup, to shut down after 5 years
Syndicate Labs, an Ethereum rollup infrastructure startup, will shut down after five years, Cointelegraph reported on May 21. The company said the rollup market had fundamentally changed, with more rollups quietly closing as new ones emerge. Syndicate Labs developed custom Ethereum appchains and smart sequencers and raised $20 million in a Series A led by Andreessen Horowitz in 2021. Data showed Layer 2 rollup TVL has fallen after peaking above $50 billion.
Crypto
Robinhood expands tokenised assets with Arbitrum-based layer 2
Robinhood is developing its own layer 2 blockchain based on Ethereum layer 2 network Arbitrum as it moves to expand its asset tokenisation business, CoinDesk reported. The company considered a layer 1 blockchain but chose to build within the Ethereum ecosystem for security and liquidity, according to Johann Kerbrat. Robinhood Chain is in a private testnet and aims to convert assets on Arbitrum One without separate migration. Robinhood’s tokenised stock service has expanded to more than 2,000 stocks from an initial 200, the company said.