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A new, non-standard token standard called ERC-404 circumvented the usual token approval process and is capitalizing on a term with an actual definition.

The funding round was co-led by Blockchain Capital, Maven 11 and Distributed Global and included contributions from Coinbase Ventures, Placeholder and Digital Currency Group.

The Ethereum blockchain has the most active developers, the most active users and a market cap that is five times larger than its nearest competitor, the report said.

The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.

StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.

Far from making zero-knowledge rollups obsolete, the Beam Chain would make them work better, says Polygon. zkSync builder Matter Labs is also bullish.

Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency.

The new platform, called the “Ethereum time machine,” extends Ethereum’s programming capabilities by allowing smart contracts to execute transactions based on uncertain or not-guaranteed future events.

Researchers Justin Drake and Drankrad Feist set off a controversy in May when they revealed that they'd accepted big token payouts from EigenLayer, raising conflict of interest concerns.