The layer 2 project launched last year had more than twice the transaction volume seen on the Ethereum blockchain over the past 30 days, according to Coinbase CEO Brian Armstrong.
Frederick Munawa is a technology reporter specializing in blockchain protocols. He has written for publications such as CoinDesk and Unchained, and his work has also been featured in Yahoo Finance, Yahoo Sports UK, and Yahoo News. Frederick covers topics related to Bitcoin, cryptocurrency, and emerging technologies in the blockchain space.