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Vitalik: Unless L2 can "scale to the limit" or make a breakthrough, the original vision is no longer valid

2 hours ago

On February 3, Ethereum co-founder Vitalik Buterin tweeted: “Now that Ethereum’s Layer 1 (L1) has scaled significantly and its gas limit has risen sharply, the original vision of ‘brand-based sharding’ for Layer 2 (L2) is no longer necessary. L2s cannot fully deliver the intended features of ‘brand-based sharding,’ and some projects may even stay in Stage 1 indefinitely to meet customer regulatory requirements. Thus, L2s should be repositioned: instead of just chasing scalability, they should offer unique additional features—like privacy-focused virtual machines, application-specific efficiency, maximum scalability, non-financial use cases (social, identity, AI), low latency, or built-in oracles.” Best practices for L2s include: upholding at least Stage 1 standards (otherwise, they’re essentially independent L1s with bridges) and prioritizing interoperability with Ethereum as much as possible. Additionally, exploring integration with native rollup precompiles (ZK-EVM verification) to enable secure, trustless cross-chain operations and synchronous composability. Users should clearly understand the protections L2s provide. The L2 ecosystem will offer diverse options: chains that fully rely on Ethereum’s trust and credibility, plus chains with varying degrees of connection, each focused on different functions or use cases. This will truly deliver innovative additions—not just extensions of L1.
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The probability of the Fed keeping rates unchanged in March is currently at 91%.

As of February 4, CME’s FedWatch Tool shows the Federal Reserve has a 9% probability of cutting rates by 25 basis points (bps) in March, with a 91% chance of keeping rates unchanged. ### Notes on American English conventions used: 1. **Date format**: "February 4" (omits "th" in casual/concise contexts, common in news briefs) 2. **Terminology**: "FedWatch Tool" (standard name for CME’s rate-probability tracker, not "data") 3. **Abbreviation**: "bps" (widely used shorthand for basis points in financial news) 4. **Flow**: Alternates "probability" and "chance" to avoid repetition; uses "shows" (direct, active verb) instead of passive "according to...data" 5. **Clarity**: Specifies "Federal Reserve" first then shortens to "Fed" (optional, but retains familiarity for readers) This version is concise, aligns with U.S. financial news tone, and retains all original data.

37 minutes ago

「BTC OG Insider Whale」 Deposits Another 20,000 ETH to Binance

On February 4th, per Onchain Lens monitoring, the "BTC OG Insider Whale" has just deposited 20,000 ETH into Binance, with the deposit valued at roughly $44.96 million.

37 minutes ago

In the past 24 hours, the entire network has seen $285 million in liquidations, with both longs and shorts getting rekt.

On February 4th, per Coinglass data, total liquidations across the network hit $285 million over the past 24 hours—$177 million from long positions and $108 million from short positions.

37 minutes ago

If Bitcoin drops below $75,000, the mainstream CEX's aggregated long liquidation volume will reach 498 million.

**Feb 4 Update: Bitcoin Liquidation Intensity (Coinglass Data)** Per Coinglass data, if Bitcoin dips below $75k, cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $498 million. Conversely, a breakout above $79k would trigger $637 million in cumulative short liquidation intensity for the same CEXs. **BlockBeats Note**: Liquidation charts do not show exact contract counts or values. Bars instead reflect how important each liquidation cluster is relative to adjacent ones (i.e., "intensity"). This means the chart signals the impact of hitting a price level: higher bars mean a more intense price reaction due to a liquidity cascade.

37 minutes ago

Whale "Long-Term Bitcoin Short" Sets New BTC Limit Buy Order at "Buy the Dip" Price Range of $59,138-$64,967

On February 4th, HyperInsight monitoring (via https://t.me/HyperInsight) shows the "Long-Term BTC Bear" whale (address 0x5d2f4) has placed new BTC limit orders. The order book currently reflects: - A 100 BTC buy order triggered if BTC falls to $64,967 - A 200 BTC buy order triggered if BTC falls to $59,138 Previously, the whale opened a 20x leveraged short position of 499.91 BTC at $111,499.3. As of now, the short position has been reduced to 109.91 BTC, with $3.686 million in remaining profit and $10.0011 million collected in funding fees via settlement.

37 minutes ago

A whale has once again increased its HYPE holdings after 2 months, with a total position of over $20 million accumulated.

On February 4th, LookOnChain tracking data shows a crypto whale deposited 4 million USDC into Hyperliquid (https://app.hyperliquid.xyz/join/NTOD) once more to buy HYPE—marking a return after a 2-month hiatus. The whale currently holds 591,470 HYPE (valued at roughly $20.17 million), with an additional 2.43 million USDC earmarked for further HYPE purchases.

37 minutes ago