Institutional pivots: Zilliqa L2 and Payward's AAVE purchase
Zilliqa is abandoning its own L1 to become an Ethereum L2 for regulated institutions, while a Kraken parent Payward-affiliated fund and its clients bought AAVE.
What we know
An account on X said nine years of running its own L1 "hasn't worked," and The Block cites weak usage, drying liquidity and hacks. The Block says a Payward-affiliated fund and its clients bought AAVE on the secondary market, amount undisclosed, and another account on X cites CoinDesk on the same deal.
Sources
@TheBlockCo
“Aave says a fund affiliated with Kraken parent Payward and its clients have bought $AAVE”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.