May 2 Crypto News Highlights:
- Polyhedra Network’s Expander: Polyhedra Network launched Expander, an open-source ZK proof system, which enhances the security and efficiency of ZK proof processes. Expander is designed to generate proofs nearly 2x faster than alternatives and represents a new era in scaling ZK-proof technology.
- Eclipse Breaks EVM-SVM Compatibility Barrier: Eclipse, an Ethereum layer-2 network powered by Solana Virtual Machine (SVM), announced the deployment of Neon Stack, developed by the core Neon EVM team. This breakthrough marks the first instance of breaking the EVM-SVM compatibility barrier.
- Layer-2 BOB (Build on Bitcoin) Mainnet Launch: BOB (Build on Bitcoin), a hybrid layer-2 solution merging Bitcoin and Ethereum capabilities, launched its mainnet. Supported by leading crypto investors, BOB aims to advance Bitcoin’s relevance in the DeFi space by making Bitcoin assets accessible to Ethereum and other Web3 users.
- The Graph’s Sunrise Upgrade Program: The Graph Foundation announced its Sunrise Upgrade Program, rewarding participants for completing on-chain and off-chain activities to democratize data. The program commits up to 4M GRT (approx. $1.2M USD) to recognize and reward contributors.
- Nibiru Chain Expands in Asia: Nibiru Chain appointed Yura Nam and Nicholas Lo to lead its expansion into the Asia region. Nam will oversee Asia growth, while Lo will manage Asia business development for the secure smart contract platform.
- Resonance Raises $1.5M: Resonance, a provider of blockchain and smart-contract audits, raised $1.5 million in pre-seed funding from Arca, Fabric, and Blockchain Founders Fund. The funding will support the company’s rapid expansion following the successful launch of V1.
- Lukso Launches $1M Grant Program: Lukso, an EVM-compatible blockchain for the creative economy, launched a $1 million grant program to cultivate a vibrant ecosystem of user-centric, social, and creative projects built on Lukso.
- Untangled’s Private Credit Pool on Celo: Untangled Finance opened its first private credit pool on the Celo network in partnership with French fintech lender Karmen. The pool, backed by institutional grade assets, provides capital to small and medium-sized digital enterprises in France.
These developments underscore the ongoing innovation and expansion within the cryptocurrency and blockchain space, with projects advancing scalability, interoperability, and ecosystem growth.
