ChainCatcher news, according to CoinDesk, digital brokerage Robinhood (HOOD) announced on Monday that it will expand its cryptocurrency business through a series of new initiatives, including the development of its own blockchain network based on Arbitrum and the launch of tokenized stock trading.The company today launched a tokenized stock product based on the Ethereum Layer 2 network Arbitrum for European users, covering over 200 U.S. stocks and ETFs, supporting trading around the clock on weekdays. Robinhood stated in a press release that this move will upgrade its European crypto application to a "crypto-driven all-in-one investment platform."Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain, based on the Arbitrum technology stack, aims to support round-the-clock trading, self-custody, and cross-chain transfers of tokenized assets. While a specific launch date has not been announced, insiders revealed that it may be launched by the end of this year or early next year.

ChainCatcher message indicates that, according to SoSoValue data, as external disturbances ease and short-term uncertainty decreases, market sentiment is recovering, leading to a general rise in various sectors of the crypto market. Among them, the Layer2 sector rose by 5.27% in 24 hours, with Arbitrum (ARB) increasing by 17.81% due to news that Robinhood may launch a Layer 2 network based on the ARB technology stack. Additionally, Bitcoin (BTC) rose by 1.13%, breaking the $108,000 mark. Ethereum (ETH) increased by 3.43%, rising above $2,500.Notably, MAG7.ssi rose by 1.71%, MEME.ssi rose by 3.77%, and DEFI.ssi rose by 5.00%.Other standout sectors include: the GameFi sector, which rose by 4.02% in 24 hours, with GALA and ImmutableX (IMX) increasing by 6.05% and 9.32%, respectively; the Meme sector rose by 3.92%, with Fartcoin (FARTCOIN), Pepe (PEPE), and SPX6900 (SPX) increasing by 5.57%, 6.98%, and 8.36%, respectively; the AI sector rose by 3.89%, with Virtuals Protocol (VIRTUAL) and KAITO increasing by 6.53% and 7.97%, respectively.In other sectors, the DeFi sector rose by 3.40% in 24 hours, with Aave (AAVE) increasing by 7.63%; the Layer1 sector rose by 1.66%, the CeFi sector rose by 1.30%, and Hyperliquid (HYPE) rose by 7.03%; the PayFi sector rose by 1.05%, and Litecoin (LTC) rose by 2.40%.The crypto sector indices reflecting historical market performance show that the ssiLayer2, ssiGameFi, and ssiNFT indices rose by 5.94%, 5.29%, and 4.25%, respectively, in 24 hours.

ChainCatcher message, according to the tracking data from the Web3 asset data platform RootData X, in the past 7 days, the Ethereum Layer2 blockchain ink has been the project with the most new X (Twitter) Top KOL followers. The new influential figures who have followed this project include anonymous Twitter KOL Inversebrah (@inversebrah), Mayne (@Tradermayne), and Little Catcher CHAOS (@iamyourchaos).

ChainCatcher message shows that the reserves of Ethereum on major Layer 2 networks have rapidly declined recently, with the overall ETH balance dropping by about 25% over the past few months. Among them, the ETH reserves on Optimism have plummeted by 54% since March, while Arbitrum and Base have decreased by 17% and 14%, respectively.Analysis indicates that the main reasons are the weak prices of L2 native tokens, decreased investor interest, and some funds flowing back to the Ethereum mainnet. Meanwhile, the amount of ETH staked and the number of long-term holding addresses continue to reach new highs. The migration of funds from centralized platforms like Binance may be one of the driving factors for ETH exiting L2.

ChainCatcher news, focusing on low-latency Layer 2 blockchain RISE Chain announces the completion of a new round of financing of $4 million, with participation from Galaxy Digital's venture capital arm Galaxy Ventures. The total financing amount for the project has reached $8 million, and the new funds will be used to promote its mainnet launch to build a high-throughput, low-latency blockchain.

ChainCatcher message indicates that, according to SoSoValue data, the crypto sector is generally experiencing a pullback, with the Layer2 sector down 8.70% in the last 24 hours. Within the sector, Arbitrum (ARB), Optimism (OP), and Starknet (STRK) fell by 11.31%, 11.43%, and 12.94% respectively. Bitcoin (BTC) dropped 2.31%, briefly falling below the $105,000 mark. Ethereum (ETH) also faced a pullback, decreasing by 4.21% and dropping below $2,600.In other sectors, the CeFi sector declined by 2.98%, with Hyperliquid (HYPE) continuing its downward trend, falling another 4.85% in 24 hours, while LEO Token (LEO) remained relatively strong, rising by 1.18%; the PayFi sector decreased by 4.34%, but Safe (SAFE) rose against the trend by 22.09%; the Layer1 sector fell by 4.83%, with TRON (TRX) and Binance Coin (BNB) finding support, decreasing by 0.51% and 2.40% respectively; the DeFi sector dropped by 7.24%, with Uniswap (UNI), which had previously seen significant gains, falling by 10.78%, and the Meme sector decreased by 8.21%, with Pepe (PEPE) and Fartcoin (FARTCOIN) dropping by 8.01% and 9.40% respectively, but SPX6900 (SPX) rose for two consecutive days, peaking at 4.46% during the session.The crypto sector indices reflecting historical market performance show that the ssiLayer2, ssiAI, and ssiDePIN indices fell by 9.05%, 8.59%, and 8.49% respectively in the last 24 hours.

ChainCatcher news, according to CoinDesk, following the successful deployment of the Pectra upgrade, Ethereum core developers have shifted their focus to the next major upgrade "Fusaka," which is planned to go live by the end of 2025. It has been confirmed that a proposal involving PeerDAS will be included, aimed at reducing the operational costs of Layer 2 scaling solutions and validators.PeerDAS (Peer-to-Peer Data Availability Sampling) is a data availability sampling mechanism that allows nodes to verify availability without downloading the complete data, thereby improving network efficiency and reducing resource consumption. This mechanism is expected to further optimize Ethereum's scaling capabilities, enhancing the network's scalability and decentralization features.It is reported that the specific details of the Fusaka upgrade are still under discussion, but developers have reached a consensus on the introduction of PeerDAS.

ChainCatcher news, according to The Block, the Ethereum mainnet successfully activated the Pectra upgrade at 6:05 AM Eastern Time, marking the most significant network update since the Merge in 2022.This hard fork includes 11 EIP improvement proposals, primarily focusing on three major areas: enhancing staking efficiency, optimizing user experience, and improving Layer2 scalability. The successful deployment of the testnet Hoodi in March laid the foundation for this upgrade. Pectra sets the stage for the Fusaka upgrade, which will introduce key technologies such as Verkle Trees and PeerDAS.Among the highlights of this upgrade is the EIP-7702 account abstraction scheme, which allows regular wallets to temporarily execute smart contract functions. In the future, users will be able to experience innovative features such as third-party payment of Gas fees, batch transaction packaging, and even recovery of lost private keys through social contacts. In terms of the staking mechanism, the ETH staking limit for a single validator node has been significantly increased from 32 to 2048, allowing institutional stakers to reduce operational complexity through node merging.For Layer2 scalability, the Blob data capacity per block has doubled to 6 (peaking at 9), and the proto-danksharding technology based on last year's Dencun upgrade continues to deepen, which is expected to reduce transaction costs on Rollup chains like Arbitrum by over 90%. The technical team has also addressed several long-standing pain points: the activation time for validator nodes has been reduced from 12 hours to 13 minutes, the execution layer can directly control node exits to enhance key security, and the on-chain storage of historical block hash data has improved the reliability of decentralized oracles.

ChainCatcher news, the Metis AI high-performance chain Hyperion testnet officially launched last night at midnight China time. Hyperion is a high-performance, AI-optimized Layer 2 solution designed specifically for AI, DePIN, DeFi, and GameFi. It expands the Metis ecosystem through parallel execution, decentralized ordering, and AI-native infrastructure, while maintaining Ethereum's security and using METIS as the gas token.Hyperion is developed based on the Metis SDK, redefining Layer 2 scalability through MetisVM, MetisDB, and the integration of Optimism Rollup technology with parallel transaction execution. The Metis SDK integrates the Alith Agent framework developed by LazAI, simplifying on-chain verification and off-chain computation tasks, making Hyperion the first Layer 2 protocol to support native on-chain execution of large language models (LLM).

ChainCatcher message, according to SoSoValue data, the encrypted market is generally in a pullback, with the Layer2 and PayFi sectors down 2.05% and 2.30% respectively in the last 24 hours. Within the PayFi sector, XRP, Litecoin (LTC), and Stellar (XLM) fell by 2.78%, 4.50%, and 4.54% respectively, while Safe (SAFE) rose against the trend by 13.78%. In the Layer2 sector, ex-MATIC (POL) and Optimism (OP) dropped by 4.79% and 6.80% respectively, however, Movement (MOVE) remained relatively strong, surging 4.19% during the session.Additionally, the AI sector rose by 0.96% in the last 24 hours, with Bittensor (TAO) and Akash Network (AKT) increasing by 5.87% and 5.25% respectively; the CeFi sector increased by 0.74%, with Binance Coin (BNB) rising by 1.53%.In other sectors, the Layer1 sector fell by 0.31%, the Meme sector dropped by 1.53%, and the DeFi sector decreased by 1.74%, but Four (FORM) rose against the trend by 14.26%.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that ssiAI and ssiCeFi increased by 1.39% and 1.25% respectively in the last 24 hours.

ChainCatcher news, according to Cointelegraph, the number of independent addresses in the Ethereum Layer 2 ecosystem has reached 13.6 million, a record high, with a growth of 74% in 7 days. The dominance of Layer 2 has reached 6.69 times, with weekly transaction volume exceeding 832,000.