Crypto.com invests in Matter Labs to boost the ZK Rollup camp; Binance has enabled deposits and withdrawals on Arbitrum

Centralized exchange, financial products, and crypto debit card company Crypto.com has been making bold moves recently, acquiring the naming rights for the Lakers stadium, launching its own smart contract public chain Cronos, and announcing an investment in L2 scaling solution company Matter Labs on the 19th to develop zkSync solution compatible with the Ethereum Virtual Machine (EVM).

Centralized exchange, financial products, and Visa card company Crypto.com has been making frequent moves recently. They have acquired the naming rights of the Lakers stadium, launched their own smart contract public chain Cronos, and on the 19th, announced an investment in L2 solution company Matter Labs to develop zkSync solution compatible with the Ethereum Virtual Machine (EVM).

In addition, another centralized exchange, Binance, also announced on the 19th that they will support the Arbitrum solution of the Optimistic-Rollup camp, providing deposit and withdrawal services for ETH. Withdrawals are still suspended at the time of writing.

This news is beneficial for small DeFi users as it can save them the cost of cross-chain withdrawals. Although Binance's multi-chain support often shows "suspended" or "congested," when it is open for use, it can still save small DeFi users the cost of cross-chain withdrawals.

Currently, Arbitrum has $2.61 billion in digital assets, ranking first among all L2 solutions. It ranks ninth among all smart contract chains, with Polygon at eighth with $4.7 billion. The main liquidity is concentrated in protocols such as Curve, SushiSwap, Abracadabra, and AnySwap.