global 706 crypto neutral
Canto and Astar, two layer-1 blockchains, have announced plans to migrate to Ethereum as layer-2 zero-knowledge rollups. Canto is a permissionless general-purpose blockchain that is EVM-compatible and aims to onboard the traditional financial sector to decentralized finance applications. Canto will inherit Ethereum’s security, enabling more decentralization and trustless guarantees when bridging assets over. Meanwhile, some protocols are moving away from Ethereum, such as dYdX, Maker, and OnChainMonkey, citing more secure base layers and thriving ecosystems as the main reasons for the migrations.

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Information Details
Geography Global
Countries 🇯🇵 🇺🇸
Sentiment neutral
Relevance Score 9
People Rune Chistensen, Sandeep Nailwal, OnChainMonkey, Ryan Sean Adams
Companies dYdX, Polygon Labs, Palm, Maker, Solana, OnChainMonkey, Ethereum, Astar, IDEX, Gnosis Pay, Bitcoin., Canto Commons, Web3, Polygon’s Chain Development Kit
Currencies Solana, Bitcoin, Ethereum, CANTO, Astar
Securities None

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