New York, NY, United States, June 25, 2024, Chainwire
The company expands flagship mainnet support to accommodate growing user adoption of Layer 2 blockchains.
Harpie, a blockchain security suite that protects retail investors and their digital wallets from theft, today announces the expansion of its flagship Ethereum wallet protection to include coverage for assets on the Base, Polygon, and Arbitrum layer 2 blockchains.
Layer 2 market capitalization has increased more than 400% in the last 12 months (from $11 billion in June 2023 to $47 billion in June 2024), driven by market demand for solutions More scalable blockchains that offer lower transaction fees than the Ethereum mainnet. Harpie anticipates a continuation of this growth and, correspondingly, an increase in theft and crime on Layer 2 networks. In response, the company is expanding its security offering to accommodate the growing adoption by chain users. of layer 2 blocks.
Harpie helps users protect their digital wallets from theft by establishing a “trusted network” of applications and peers with its proprietary on-chain security algorithm. When a user interacts with an address outside of this trusted network, Harpie marks this interaction as theft and intercepts the transfer in real time before the transaction is completed on the blockchain.
This response protects users against a variety of attacks, such as phishing scams, smart contract hijacks, and private key theft, as well as protecting against the repercussions of human error, such as copying and pasting the wrong recipient address or signing a contract. malicious. Harpie has protected $5.4 million in Ethereum assets to date.
“Before Harpie, consumers did not have reliable tools to protect their crypto assets in real time; We, as users, were on our own to detect and avoid scams. With Harpie, people have peace of mind to trade and transact with the confidence that their assets are protected from theft and scams. “Expanding into new chains is the simple result of wanting to provide the same peace of mind to users in their preferred L2,” he said. Daniel Chong, co-founder and CEO of Harpie.
The expansion comes at a critical time when the cryptocurrency market is abuzz with activity, due to bullish sentiments fueled by recent ETH ETF approvals and the explosive popularity of meme coins. These trends are attracting a significant influx of new and sometimes inexperienced investors, making strong security measures more essential than ever.
Harpie is committed to becoming the cornerstone of blockchain infrastructure. Expanding theft protection to include asset coverage on Base, Polygon, and Arbitrum is a step toward achieving its mission to eliminate cryptocurrency theft globally.
Multi-chain protection on Harpie is now available; For more information, users can visit harpie.io.
About Harpie
Harpie gives cryptocurrency traders the power to defend against theft. With its proprietary on-chain security solution, Harpie protects wallets in real-time by monitoring and blocking malicious transactions before they are confirmed on-chain. Harpie simplifies crypto security with an intuitive and holistic platform, helping users of all experience levels eliminate the threat of blockchain-based theft. Harpie launched in September 2022 and is backed by leading Web3 names including Dragonfly Capital, Coinbase (NASDAQ 🙂 Ventures and OpenSea.
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This article was originally published on Chainwire.
