PANews reported on November 26th that, according to The Block, Layer 1 blockchain SKALE has partnered with Layer 2 network Base to launch an Ethereum Layer 3 network. According to a project representative, the network, named "SKALE on Base," is "designed specifically for AI agent workloads," particularly well-suited for applications like the x402 payment protocol, incubated by Coinbase and designed specifically for AI. They stated, "Agents require higher-quality block space to run on-chain. SKALE Expand allows the deployment of SKALE Manager (the core smart contract that enables the SKALE chain) onto any EVM blockchain, bringing SKALE's gas-free transactions, instant determinism, and privacy protection to other EVM ecosystems." SKALE on Base enables AI agents to leverage SKALE's scalable infrastructure, along with Base's liquidity, users, access channels, and distribution channels. The network will also introduce a computing resource credit system, meaning AI agents and users won't need to manage gas fees when using on-chain applications. Users can pre-purchase credit on Base using USDC or SKL. Tuesday's launch marks the first deployment of SKALE Expand's multi-chain initiative, which aims to position SKALE as "an AI agent layer capable of supporting multiple Layer 1 and Layer 2 networks while keeping users and liquidity on their original chains."PANews reported on November 26th that, according to The Block, Layer 1 blockchain SKALE has partnered with Layer 2 network Base to launch an Ethereum Layer 3 network. According to a project representative, the network, named "SKALE on Base," is "designed specifically for AI agent workloads," particularly well-suited for applications like the x402 payment protocol, incubated by Coinbase and designed specifically for AI. They stated, "Agents require higher-quality block space to run on-chain. SKALE Expand allows the deployment of SKALE Manager (the core smart contract that enables the SKALE chain) onto any EVM blockchain, bringing SKALE's gas-free transactions, instant determinism, and privacy protection to other EVM ecosystems." SKALE on Base enables AI agents to leverage SKALE's scalable infrastructure, along with Base's liquidity, users, access channels, and distribution channels. The network will also introduce a computing resource credit system, meaning AI agents and users won't need to manage gas fees when using on-chain applications. Users can pre-purchase credit on Base using USDC or SKL. Tuesday's launch marks the first deployment of SKALE Expand's multi-chain initiative, which aims to position SKALE as "an AI agent layer capable of supporting multiple Layer 1 and Layer 2 networks while keeping users and liquidity on their original chains."

SKALE has partnered with Base to launch the L3 network "SKALE on Base," designed specifically for AI agent workloads.

2025/11/26 08:40

PANews reported on November 26th that, according to The Block, Layer 1 blockchain SKALE has partnered with Layer 2 network Base to launch an Ethereum Layer 3 network. According to a project representative, the network, named "SKALE on Base," is "designed specifically for AI agent workloads," particularly well-suited for applications like the x402 payment protocol, incubated by Coinbase and designed specifically for AI. They stated, "Agents require higher-quality block space to run on-chain. SKALE Expand allows the deployment of SKALE Manager (the core smart contract that enables the SKALE chain) onto any EVM blockchain, bringing SKALE's gas-free transactions, instant determinism, and privacy protection to other EVM ecosystems."

SKALE on Base enables AI agents to leverage SKALE's scalable infrastructure, along with Base's liquidity, users, access channels, and distribution channels. The network will also introduce a computing resource credit system, meaning AI agents and users won't need to manage gas fees when using on-chain applications. Users can pre-purchase credit on Base using USDC or SKL. Tuesday's launch marks the first deployment of SKALE Expand's multi-chain initiative, which aims to position SKALE as "an AI agent layer capable of supporting multiple Layer 1 and Layer 2 networks while keeping users and liquidity on their original chains."

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Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
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BitcoinEthereumNews2025/09/18 02:28