New York Metropolis, New York, USA, June 25, 2024, Chainwire

The corporate has expanded assist for its flagship Ethereum mainnet to accommodate rising consumer adoption of Layer-2 blockchains.

Harpie, a blockchain safety suite that protects retail buyers and their digital wallets from theft, at the moment introduced it has expanded its flagship Ethereum pockets safety to additionally embody safety for belongings on layer-2 blockchains Base, Polygon, and Arbitrum.

Layer 2 market capitalization has surged over 400% previously 12 months, rising 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 Ethereum mainnet. Harpie expects this development to proceed, with a commensurate improve in theft and crime on Layer 2 networks. In response, the corporate is increasing its safety choices to accommodate elevated consumer adoption of Layer 2 blockchains.

Harpie helps customers defend their digital wallets from theft by establishing a “trusted community” of apps and friends utilizing a proprietary on-chain safety algorithm. When a consumer interacts with an tackle outdoors of this trusted community, Harpie flags the interplay as theft and intercepts the switch in actual time earlier than the transaction is finalized on the blockchain.

This protects customers from quite a lot of assaults, together with phishing scams, sensible contract hijacking, and personal key theft, in addition to the influence of human error, comparable to copying and pasting the flawed recipient tackle or signing a malicious contract. Harpie has protected $5.4 million price of Ethereum belongings up to now.

“Earlier than Harpie, customers didn't have dependable instruments to guard their crypto belongings in actual time. We, as customers, had been on our personal to detect and keep away from fraud. With Harpie, folks can commerce and transact with confidence, figuring out that their belongings are shielded from theft and fraud. Our enlargement to new chains is a straightforward results of our want to offer that very same peace of thoughts on the L2 that our customers want,” mentioned Harpie. Daniel Chong, co-founder and CEO of Harpie.

This enlargement comes at a crucial time when the cryptocurrency market is booming, with bullish sentiment fuelled by the current ETH ETF approval and the explosive recognition of meme cash. These traits have led to an enormous inflow of recent and inexperienced buyers, making sturdy safety measures extra essential than ever.

Harpie is dedicated to being a cornerstone of blockchain infrastructure, and increasing theft prevention to guard belongings at Base, Polygon, and Arbitrum is one other step in direction of reaching our mission of eradicating cryptocurrency theft on a world scale.

Harpie multi-chain safety is now obtainable, go to harpie.io for extra data.

About Harpy

Harpie empowers crypto merchants to guard themselves from theft. With a proprietary on-chain safety answer, Harpie displays and blocks malicious transactions to guard wallets in real-time earlier than they’re confirmed on-chain. Harpie simplifies crypto safety with an intuitive, complete platform, enabling customers of all expertise ranges to remove the specter of blockchain-based theft. Harpie launched in September 2022 and is backed by main Web3 firms together with Dragonfly Capital, Coinbase Ventures, and OpenSea.

contact

Head of Advertising and marketing
Ash Howe
Harpie
(electronic mail tackle protected)