Ethereum News: Lagrange and Matter Labs Partner to Boost Ethereum Scaling Efforts

A new partnership between Lagrange, a decentralized ZK Prover Network, and Matter Labs, an Ethereum scaling research and development company, aims to significantly enhance Ethereum’s scaling capabilities. Here’s a closer look at this notable collaboration and its potential implications for the Ethereum ecosystem.

Lagrange Partners With Matter Labs to Direct Up to 75% of Outsourced Proofs to LPN

Lagrange, a decentralized ZK Prover Network, has announced a partnership with Matter Labs, an Ethereum scaling research and development company. The collaboration aims to direct up to 75% of Matter Labs’ outsourced proof demand to the Lagrange Prover Network (LPN) over the next two years. This move follows Lagrange’s successful integration of a decentralized version of ZKsync’s ZK Stack prover and marks a notable milestone for the company in transitioning its ZK Stack to decentralized proof generation. The partnership enables zksync to process more of its proving demand on a decentralized network, demonstrating that proof generation no longer needs to rely on centralized single-entity solutions.

Ethereum Struggles to Cross $2,000 Barrier Amid Market Dynamics

Ethereum has been struggling to cross the $2,000 threshold, recently dropping 16% from $2,130 to $1,788 and now fluctuating between $1,800-$1,900. Bitcoin’s bullish momentum contrasts with Ethereum’s performance. market dynamics are challenging Ethereum’s dominance as cheaper and more efficient platforms emerge. Ethereum’s current market cap is $231.3 billion, down 10% over the past week and 60% from its peak. However, a strong support level near $1,820 and the upcoming Pectra upgrade offer hope for recovery. A potential price jump of 10% is needed for Ethereum to surpass $2,000 by the week’s end. Speculation about influential endorsements could significantly impact Ethereum’s trajectory. Despite short-term volatility, Ethereum’s ongoing upgrades keep it relevant in the long term.

Whale Buys $270M ETH: Can Ethereum Price Rebound Soon?

A whale purchased 150,000 ETH worth $270 million this week. Ethereum’s price dropped 4 percent after a 7 percent rally but shows signs of recovery. Strong whale activity and increasing user interest are pushing sentiment upward, sparking discussion about a potential price reversal. As the crypto market gains traction, ETH appears positioned for a possible bounce amid positive developments.

Tornado Cash Token Soars 71% After Removal from US Sanctions List

TORN, the native token of privacy protocol Tornado Cash, has rallied over 70% following its removal from the US sanctions list. The Office of Foreign Assets Control (OFAC) confirmed on March 21 that it had delisted several Ethereum wallet addresses tied to the protocol. This marked a significant milestone for the embattled decentralized platform, which has faced intense scrutiny since its sanctioning in 2022. Following the announcement, TORN’s price surged to $12.9, representing a 71% increase within 24 hours. The crypto community welcomed the news, viewing it as a win for privacy-focused technologies and DeFi.