New York, NY, United States, June 25, 2024, Chainwire
The corporate has expanded key Ethereum mainnet assist to accommodate rising person utilization of the Layer 2 blockchain.
HarpyThe blockchain safety suite that protects retail buyers and their digital wallets from theft, as we speak introduced the enlargement of its flagship Ethereum pockets safety to incorporate protection for belongings on the Layer 2 blockchains Base, Polygon and Arbitrum.
Layer 2 market capitalization has grown by greater than 400% over the previous 12 months—from $11 billion in June 2023 to $47 billion in June 2024—pushed by market demand for extra scalable blockchain options that provide decrease transaction charges than the Ethereum mainnet. Harpy expects this development to proceed and, in proportion, a rise in theft and crime on Layer 2 networks. In response, the Firm is increasing its safety providing to accommodate the rising person adoption of Layer 2 blockchains.
Harpy helps customers shield their digital wallets in opposition to theft by establishing a “trusted community” of apps and friends with its proprietary on-chain safety algorithm. When a person interacts with an handle outdoors of this trusted community, Harpy flags this interplay as theft and blocks the switch in real-time earlier than the transaction is finalized on the blockchain.
This response protects customers from quite a lot of assaults – corresponding to phishing scams, sensible contract hijacking, and personal key theft – in addition to the implications of human error, corresponding to copying and pasting the improper recipient handle or signing a malicious contract. Harpy has safeguarded $5.4 million in Ethereum belongings so far.
“Earlier than Harpy, customers had no dependable instruments to guard their crypto belongings in real-time – we as customers had been on our personal to detect and keep away from scams. With Harpy, folks have peace of thoughts when buying and selling and transacting and are assured that their belongings are secure from theft and scams. Increasing to new chains is a straightforward results of wanting to supply customers that very same peace of thoughts on their favourite L2,” he added. Daniel Chong, Co-Founder and CEO of Harpy,
This enlargement comes at a vital time when the crypto market is abuzz, with bullish sentiment fueled by the current approval of the ETH ETF and the explosive recognition of meme cash. These traits are attracting a big inflow of recent and generally inexperienced buyers, making sturdy safety measures extra crucial than ever.
Harpy is dedicated to changing into the cornerstone of blockchain infrastructure. Increasing theft safety to incorporate asset protection on Base, Polygon, and Arbitrum is a step in direction of reaching their mission to get rid of crypto theft globally.
Multichain safety on Harpy is now dwell – to be taught extra, customers can go to right here Harpy.io,
About Harpy
Harpy Offers crypto merchants the facility to defend themselves in opposition to theft. With its proprietary on-chain safety resolution, Harpy protects wallets in real-time by monitoring and blocking malicious transactions earlier than they’re confirmed on the chain. Harpy simplifies crypto safety with an intuitive and holistic platform, serving to customers of all expertise ranges get rid of the specter of blockchain-based theft. Harpy launched in September 2022 and is backed by main Web3 names together with Dragonfly Capital, Coinbase Ventures, and OpenSea.
Contact
Amplification Heads
Ash Howe
Harpy
(email protected)
