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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 6 sources · 5 days · First seen · Last updated

Whitechain transition to Ethereum Layer 2

Overview

Whitechain is undergoing a strategic transition from a standalone Layer 1 blockchain to an Ethereum Layer 2 network built on the OP Stack. The relaunch focuses on ecosystem distribution to address user acquisition and liquidity challenges, leveraging the W Group fintech ecosystem and the WhiteBIT exchange.

To support developers, the platform has introduced a Builder Program offering up to $300,000 in discretionary funding. As the transition progresses, WhiteBIT Coin (WBT) is being positioned as the native currency for Whitechain to power transactions and fees.

Following the announcement of the transition and the launch of a public Sepolia testnet, WhiteBIT Coin reached a new all-time high of $73. The project has committed over $30 million in ecosystem support through grants and strategic initiatives, with mainnet development expected by fall 2026.

Entities

W Group · WhiteBIT · WhiteBIT Coin · Volodymyr Nosov · Whitechain

Timeline

  1. 27 days ago

    [BUSINESS] 2 sources
    WhiteBIT Coin reaches all-time high amid Whitechain transition

    WhiteBIT Coin (WBT) hit a new all-time high of $73 as Whitechain transitions to an Ethereum Layer 2 network and the W Group ecosystem expands.

  2. about 1 month ago

    [TECHNOLOGY] 4 sources
    Whitechain relaunches as distribution-focused Ethereum Layer 2

    Whitechain is relaunching as an Ethereum Layer 2 on the OP Stack, focusing on user acquisition and distribution through the W Group and WhiteBIT ecosystems.

Sources

bitcoinethereumnews.com · blockchainreporter.net · cointrust.com · cryptopolitan.com · detlionblood32.wordpress.com · news.bitcoin.com