Layer3

**L3 token expansion reaches new milestone** as it becomes the first Native Token Transfer (NTT) asset available on HyperEVM through Portal Bridge. **Key developments:** - L3 now transferrable to HyperEVM via Portal Bridge - Powered by Wormhole's secure cross-chain infrastructure - First NTT asset to achieve this integration - Users can move L3 tokens immediately **Background context:** This follows L3's previous expansion to Solana in October 2024, also using Wormhole's NTT framework. The token maintains 1:1 peg across networks. **Transfer now available** at [portalbridge.com](https://portalbridge.com/?asset=L3&targetChain=hyperevm&t)

**Layer3 Builder hits major scaling milestone** with over 8 million $L3 tokens now staked and locked on the platform. Users are staking tokens to: - Launch marketing campaigns - Access distribution channels - Acquire new users This represents continued growth from 7.7 million $L3 staked in early August, showing **steady adoption** of the Builder platform. The staking mechanism allows projects to leverage Layer3's infrastructure for user acquisition and campaign management in the web3 space.

**CUBEs are now live on HyperEVM**, marking a significant expansion for the platform. This deployment follows previous developments around HyperEVM adoption, suggesting growing momentum for the network. - CUBEs integration provides new opportunities for users - Builds on HyperEVM's expanding ecosystem - Represents continued platform growth The launch indicates **increasing developer interest** in HyperEVM as a deployment target for web3 applications.

**DUNA** emerges as a new community-driven initiative built in America with a focus on collective ownership. The project is developed by **Syndicates**, which emphasizes community governance and shared decision-making in the web3 space. Key features include: - American-built infrastructure - Community ownership model - Syndicate-powered governance This represents another step in decentralized community management, similar to guild structures but with enhanced collective decision-making capabilities. [Learn more about DUNA](https://app.layer3.xyz/activations/syndicate-duna)

**Pharos Network's testnet momentum continues to accelerate**, crossing significant user adoption milestones in just over a week. The network has now reached: - **60,000+ unique users** - **800,000+ total actions taken** This represents substantial growth from the initial surge that saw 25,000 participants join within the first 24 hours. **What is Pharos Network?** Pharos positions itself as the fastest EVM Layer 1 blockchain designed specifically for Real World Assets (RWAs) and Traditional Finance (TradFi) applications. The testnet campaign launched on Layer3, allowing users to experience the network's capabilities through interactive tasks and challenges. **Growth Timeline:** - August 21: Testnet goes live on Layer3 - August 23: 25K users in first 24 hours - August 26: Second wave of activities launched - August 29: Milestone of 60K users achieved The rapid adoption suggests strong interest in RWA-focused blockchain infrastructure as the space continues to mature. [Join the testnet campaign](https://app.layer3.xyz/campaigns/pharos-testnet)

A new initiative aims to standardize credentials across blockchain events and conferences. This unified approach will help: - Streamline event registration processes - Enable cross-event recognition of attendee status - Reduce duplicate verification requirements The system will leverage blockchain technology to create verifiable, portable credentials that work across multiple platforms and events. Early adoption is expected from major Ethereum conferences and community gatherings. *Implementation begins Q2 2025*

Layer3 is preparing to launch a new wallet solution addressing key Web3 pain points: - **Automated Gas Fee Management**: Streamlined transaction fee handling - **Auto-Compounding**: Automatic reinvestment of earnings for optimal returns - **Cross-Chain Integration**: Single interface for managing multi-chain assets The wallet builds on Layer3's previous auto-compound feature for EigenLayer, which automatically converts $EIGEN rewards to $ETH while minimizing gas fees. *Launch date to be announced.*

Layer3's Consumer Hub expands with two notable additions: - **Soneium**, Sony's Layer 2 solution, launches CUBE NFT minting - **Ink** platform introduces its own CUBE collection Both platforms now offer interactive experiences through Layer3's ecosystem, making web3 more accessible to creators and users. *Key Updates:* - Mint Soneium CUBE: https://app.layer3.xyz/quests/cubes-on-soneium - Collect Ink CUBE: https://app.layer3.xyz/quests/cubes-on-ink Visit Layer3 to explore these new digital collectibles and join the growing creator ecosystem.

Layer3 has significantly increased its rewards program, offering $500,000 in prizes before the end of 2024. This represents a substantial boost from their previous $65,000 reward pool announced in July. - Rewards are available to all participants - Program runs through December 2024 - No prior web3 experience required This initiative aims to encourage broader participation in web3 exploration through interactive experiences. Participants can earn rewards while learning about blockchain technology and digital assets. *Join now to maximize your earning potential before the year-end deadline.*

Layer3 has announced that #L3 is now live on Solana using Wormhole's NTT framework. This integration enables: - 1:1 peg with Ethereum #L3 - Utility on the Solana network - Secure multichain transfers via Wormhole - Integration with Solana's DeFi ecosystem Key points: - Token migration coming soon via Wormhole Native Token Transfer - Separate Solana-focused app, part of unified Layer3 ecosystem - New features enabled by Solana's fast, low-cost transactions - Partnerships with top Solana projects (DEXes, LSTs, wallets) Users can now open their first Daily Loot Box on Layer3 Solana.