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Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and dis continue its consumer application. The company stated that the app will officially be dis continue d on March 16, 2023, and app users will continue to have access to all of their assets. Bakkt Consumer App to Sunset, Loyalty Points Still Accessible Through Other Channels Following Bakkt’s pending acquisition of Apex Crypto from Apex Fintech Solutions, the company has announced it is discontinuing its consumer business venture. Bakkt’s consumer platform will shift its focus to provide businesses with crypto and loyalty experiences for their customers through software-as-a-service and application programming interface solutions on a secure and compliant platform. The crypto company refers to this focus as its “business-to-business-to-consumer” strategy. “As we continue to gain traction with our B2B2C strategy, we are laser-focused on providing o...

Leading layer-2 networks on Ethereum have seen a surge in daily active users and fees recently. Ethereum layer-2 networks have gone through an explosive growth phase over the past couple of months a trend that is set to continue in 2023. According to recent data, the leading layer-2 network s have seen an increase in daily active users which has translated into a growth in fees for the respective ecosystems. According to analytics provider Token Terminal, Polygon leads the pack with 313,457 daily active users as of Jan. 17. Additionally, the metric spiked to over 600,000 daily active users earlier in January. It marks a 30% increase in activity since the beginning of October 2022 which has resulted in nearly $55,000 worth of daily fees for Polygon. Optimism has seen even faster growth with a 190% gain in daily active users over the past three months. This resulted in daily network fees of $119,475, a gain of almost 140% since the beginning of the year. Arbitrum One currently has 41...