Layer 2 Weekly Roundup #4

Oct 10, 2022

Welcome to the 4th edition of the Layer 2 Weekly Roundup. Every week, this newsletter covers the latest and most important updates from within Ethereum’s Layer 2 ecosystem.

Catch up on the previous edition HERE.

Ecosystem Highlights

@coinbase have committed a small team to supporting EIP-4844 (Proto-Danksharding)
Introducing diZKreet - a zero-knowledge privacy layer for NFTs built on Aztec’s scaling infrastructure
@rabbithole_gg launch Intro to L2 campaign - A new way for users to learn how to use Layer 2 scaling solutions
@LidoFinance integrate wstETH token bridging to both @arbitrum and @optimismFND
@portalcompute adds VRF support for @optimismFND
@MagnaTokens now LIVE on @arbitrum - Magna is a protocol that specializes in token distribution
@Immutable announces partnership with @SupremacyMeta - A 24/7 tech MOBA built in a Sci-Fi world
@layer3xyz launch learning campaign for @arbitrum - Earn an achievement to receive an exclusive Arbinaut NFT

L2 Protocol Highlights

Media - Twitter Spaces & Podcasts

Events

Interesting Articles

Interesting Tweets

The Defiant @DefiantNews

Around 3-6M transactions/week are processed on StarkNet (more than $BTC some weeks!) 😱 Using ZK-STARK technology, $ETH could surpass the txn speeds of @Visa within just a few months Here’s how @StarkWareLtd founders @EliBenSasson & @ukolodny plan to level up Ethereum scaling👇

Orbiter Finance 🛸 @Orbiter_Finance

🛸 #L2Data #DappsData 🚩The TOP 10 dapps ranked by ‘Interactions’ in the 7 days: This thread shows: 1. On Arbitrum 2. On Optimism 3. On zkSync 4. On Arbitrum Nova 5. On StarkNet (It shows all dapps if less than 10) The Data Source: orbiter.finance/data

orbiter.financeOrbiter

Uniswap Labs 🦄 @Uniswap

It’s been one year of Uniswap v3 on @arbitrum and we just hit an ATH of 78.7% market share 🥳

James Ho @jamesjho_

EVM blockspace increasingly abundant with L2s scaling Optimism and Arbitrum each flipping Avalanche in daily txns Sept 2022 txns: 5.7M Arbitrum 5.2M Optimism 4.8M Avalanche C-Chain Slowly but steadily

Ryan Berckmans - ryanb.eth🦇🔊 @ryanberckmans

L2s are how we capture a leadership share of the next bull for legitimized real-world use cases. Without L2s, the next bull would see almost 100% of new user growth occur outside Ethereum, as happened in 2021. With L2s and EIP-4844, we can be the 800lb growth gorilla again.

DinoEggs.eth @0xDinoEggs

What type of bridge or rollup is best? It's a trick question - there will always be tradeoffs between simple / trusted and complicated / trust-minimized.

bartek.eth @bkiepuszewski

So, yet again, we are faced with the dilemma - do we want a simple bridge but with trusted validators that can censor, freeze or seize funds or do we want trustless but significantly more complicated infrastructure ? End /8

Mizbani @mizbani_

EIP-4844 will make rollups ~100x cheaper. It's estimated to be released in the next 12 months. Almost nobody outside of the core Ethereum community sees it coming, but the economic and technical implications for developers, bridges, alt-L1s, Ethereum, etc. are far-reaching

Who to Follow

This newsletter is for educational purposes only, and should never in any way be considered as financial or investment advice.

Thanks for reading.

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