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Sonic, a second-layer gaming blockchain built on Solana, has raised $12 million in its latest funding round, reaching a diluted valuation of $100 million. Prominent venture firms like Bitkraft Ventures, Galaxy Interactive, OKX Ventures, and others participated in the investment. 
Stacks (STX): A Look at Bitcoin L2 Ahead of the Nakamoto Upgrade
With the launch of U.S. spot Bitcoin ETFs, BTC has solidified its dominance in the market. This has led to increased interest in Bitcoin-related projects, like Stacks—a Bitcoin Layer 2 blockchain poised for the significant Nakamoto upgrade. What is Manta Network? A Project Overview
Nearly a month after its token debut, Manta Network has soared to the 12th position among projects with the highest total value locked. With its current TVL of $494.2 million, it has outpaced Base, Cardano, and zkSync Era. Let’s explore what Manta Network is and why it has garnered such interest. 
The Ethereum ecosystem, including its L2 and L3 blockchains, has set a new record for transactions per second at 245 TPS. A significant portion of this achievement, nearly 50% or 101 TPS, was contributed by the relatively new gaming-focused L3 blockchain, Xai, even though its total value locked (TVL) is less than $2 million. 
Polygon Labs, a crypto company, has acquired the research platform Toposware, which aided developers in creating Polygon Type-1 — a project allowing any EVM network to become an L2 blockchain with zero-knowledge (ZK) proof. The deal is estimated to be worth between $30 million and $50 million, according to various sources. 
Neel Somani, CEO and founder of the L2 blockchain Eclipse, has temporarily reduced his public involvement in the project amidst numerous allegations of sexual harassment. He believes this step will help protect the project's reputation and minimize damage to other members of the ecosystem. 
Optimism, an L2 blockchain platform, has announced a $3.3 billion grant program in OP tokens (850 million tokens) aimed at backing projects, developers, and influencers who are creating valuable products and demonstrating their utility to the community. The grant distribution is set to occur over four rounds, from May 2024 to the year's end. 
