The company, Harpie, known for its blockchain security suite that protects digital wallets from theft, has announced the expansion of its flagship Ethereum wallet protection to now include coverage for assets on layer 2 blockchains Base, Polygon, and Arbitrum. This move comes in response to the increasing adoption of layer 2 blockchains, which have seen a market capitalization surge of over 400% in the last year.
Harpie’s security solution works by creating a “trusted network” of apps and peers through its proprietary on-chain security algorithm. This network helps safeguard users’ digital wallets by flagging any interactions with addresses outside of the trusted network as potential theft, intercepting the transfer in real-time to prevent it from finalizing on the blockchain. This proactive approach has already protected $5.4 million in Ethereum assets.
According to Daniel Chong, the Co-Founder & CEO of Harpie, the expansion to new blockchains is a natural progression in their mission to provide peace of mind to users and protect their assets from theft and scams. With the crypto market experiencing increased activity and attracting new investors, the need for robust security measures has become more crucial than ever.
The timing of this expansion coincides with the recent approval of ETH ETFs and the growing popularity of meme coins, which have brought in a wave of new and sometimes inexperienced investors. By offering theft protection on Base, Polygon, and Arbitrum, Harpie aims to play a vital role in enhancing blockchain security and eliminating crypto theft globally.
For users interested in learning more about Harpie’s multichain protection and how it can help safeguard their digital assets, they can visit the company’s website at harpie.io. Harpie, which launched in September 2022, is supported by prominent names in the Web3 industry, including Dragonfly Capital, Coinbase Ventures, and OpenSea.
As the crypto market continues to evolve and attract new participants, having reliable security measures in place is essential to protect against theft and scams. Harpie’s expansion to include coverage for assets on layer 2 blockchains is a significant step towards enhancing security and providing users with the confidence to trade and transact safely in the ever-changing crypto landscape.