World Liberty Financial&#8217;s official stablecoin, USD1, will be integrated into the Tron network as it prepares to mint millions of dollars worth of tokens at the start of the partnership. On the Token2049 stage on May 1, Tron (TRX) founder…

World Liberty Financial’s USD1 to integrate with Tron network

Uniswap price crashed to a crucial support level and did not participate in 
the recent crypto market bull run. Uniswap (UNI) has been hovering around 
$5.30 over the past four weeks, a price that’s down 72% from its December 
highs. However,…

Uniswap price could surge as Unichain flips Ethereum, Polygon, Sei in key metrics

Aztec Network, the Ethereum layer-2 protocol focused on programmable privacy, 
has officially launched its public testnet. According to a May 1 press release 
shared with crypto.news, the launch marks a key milestone in Aztec’s eight- 
year journey to bring stronger data…

Ethereum layer-2 Aztec Network launches public testnet to advance on-chain privacy

PI Network may be setting up for a bullish move as key signals hint at a trend 
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PI Network shows bullish divergence: is a reversal to $0.97 in play?

Ethena Labs will bring its USDe synthetic dollar and its staking counterpart, 
tsUSDe, to The Open Network (TON) blockchain, unlocking access to dollar- 
denominated savings for Telegram’s 1 billion users through self-custodial 
wallets starting in May 2025. TON Ecosystem to Support Ethena’s USDe for 
Dollar Savings and Staking Through a collaboration with the TON Foundation, 
USDe […]

Ethena Labs to Integrate USDe Stablecoin With TON Blockchain for Telegram Users

A group of developers within the Ethereum ecosystem, operating independently 
of the Ethereum Foundation, have announced Ethereum R1 &#8212; a layer-2 (L2) 
scaling solution for the Ethereum network that does not include a native 
token.
According to the announcement, the project relies entirely on donations, does 
not have venture funding, and does not have any pre-mined token allocations or 
a governance token. The project&#8217;s team wrote in a May 1 X post:
&gt; &#8220;General-purpose L2s should be commodities &#8212; simple, replaceable, and free 
&gt; from centralized dependencies or risky governance. Ethereum R1 is our answer 
&gt; to that call &#8212; the rollup grounded in credible neutrality, 
&gt; decentralization, and censorship resistance.&#8221;
&#8220;Most L2s today are acting more like new L1s than an Ethereum scaling solution 
&#8212; private allocations, opaque governance, and centralized control,&#8221; the 
developers continued.
The announcement points to increasing concerns within the Ethereum community 
regarding the current direction of many layer-2 scaling solutions, which some 
view as potentially misaligned with the interests of the base layer
 _**Related:**__**Ethereum community members propose new fee structure for the 
app layer**_
## Ethereum&#8217;s L2-centric approach: unique value proposition or exploitation?
Ethereum&#8217;s Dencun upgrade in March 2024 significantly lowered fees for its 
layer-2 networks. By September, revenue on the Ethereum base layer collapsed 
by 99%.
As a result, transaction costs on the Ethereum network base layer dropped to a 
five-year low of roughly $0.16 per transaction in April 2025, due to a lack of 
demand for block space on the base layer.
Ethereum&#8217;s transaction fees are determined by demand and network traffic &#8212; 
higher demand and network traffic translate into higher fees for the base 
layer and more revenue.
_Ethereum &#8216;s base layer revenue collapsed in Q1 2025. Source: __Token 
Terminal_
While critics continue to argue that this provides perverse incentives for 
layer-2 networks to grow at the expense of the base layer, protocols continue 
to argue that Ethereum&#8217;s many layer-2 networks are a feature, not a bug.
Anurag Arjun, co-founder of the unified chain abstraction solution Avail, told 
Cointelegraph that Ethereum&#8217;s layer-2 approach gives users a virtually 
unlimited number of high-throughput chains to choose from, as opposed to the 
singular one-size-fits-all approach employed by monolithic blockchain 
protocols.
_**Magazine:**__**Ethereum is destroying the competition in the $16.1T TradFi 
tokenization race**_