Unstoppable Domains Expands to Ethereum Layer 2 Base

Unstoppable Domains, a blockchain-based platform, allows users to create human-readable names for crypto wallets using NFTs. It is expanding onto the Ethereum Layer 2 Base built by Coinbase, marking a move beyond its current infrastructure on Polygon and the Ethereum mainnet.

This expansion demonstrates Unstoppable Domains’ support for Optimistic rollups, aimed at scaling Ethereum’s transaction throughput and reducing gas costs by processing transactions off-chain.

Base utilizes the OP Optimistic roll-up technology, while Polygon employs zero-knowledge proofs to validate off-chain transactions through a different cryptographic method.

According to the startup, “As a fully EVM-equivalent blockchain, Base allows developers to easily port existing Ethereum applications, enabling diverse use cases including DeFi, NFTs, social platforms, and gaming.”

Since its launch last year, Base has become the second-largest Ethereum Layer 2 network by total value locked in, holding about 17% of the L2 market share, just trailing Arbitrum and ahead of Polygon, with around $500 million in daily transaction volume, as per CoinGecko.

Similar to Domain Name Service (DNS), Unstoppable Domains enables the registration of crypto-specific domain names with suffixes like .crypto, .coin, and .blockchain. Unlike DNS, these domains are stored on public blockchains instead of private servers.

Additionally, users can create websites on the decentralized InterPlanetary File System (IPFS).

Unstoppable Domains raised $65 million in Series A funding in 2022, valuing the company at $1 billion. Earlier this year, it faced accusations from competitor Ethereum Name Service regarding a patent filing for open-source software developed by ENS.