Layer 2 Weekly Roundup #64
Welcome to the latest edition of the Layer 2 Weekly Roundup.
Every week, this newsletter covers the latest and most important updates from across Ethereum’s Layer 2 ecosystem.
Catch up on the previous edition HERE
Protocol Updates
@Scroll_ZKP - Curie is now live on Scroll Mainnet. This upgrade means transaction fees on Scroll have been reduced by 2x, due to the successful introduction of Data Compression.
@zksync - Unveil the Elastic Chain - an ever-expanding network of ZK rollups, secured by math and natively interoperable under a uniform, intuitive UX.
@synthetix_io - Synthetix V3 is now live on Arbitrum, with LTIP rewards available for liquidity providers. The phased deployment will enable Perps trading, introduce an Arbitrum-native stablecoin, and expand collateral options to solidify Synthetix's presence on the network.
@OpenZeppelin - Are bringing Contracts, Defender, and Security Services to new horizons by partnering with Arbitrum, Polkadot, and Starknet, to provide a secure environment for builders in their ecosystems.
@OptimismGov - Season 6 of Optimism Governance has begun and will run until Dec. 11th with the theme of ‘Optimizing to Support the Superchain’. Season 6 Mission Grant Applications open on July 18th and run every 3 weeks through December 11th.
@Uniswap - ZKsync is live on the Uniswap interface. Check out their official guide to swapping and LPing for the Endgame.
@taikoxyz - Has successfully upgraded to v1.7.0. This update is expected to noticeably reduce the gas footprint of their rollup protocol on Ethereum.
Ecosystem Highlights
@compolabs - Are building an onchain clob with a state-minimized approach on Polygon Miden. With Miden, Composability Labs reimagine blockchain design by baking in state minimization.
@aave - GHO is now available on the Arbitrum network. This marks the DAO’s first new market in its phased GHO crosschain expansion strategy.
@alt_layer - AltLayer’s fast-finality AVS ‘MACH’ now supports Arbitrum One Mainnet. This integration extends the power of EigenLayer via restaked rollups to one of the most active L2 crypto ecosystems.
@ChronicleLabs - Scribe by Chronicle is now live on Base with 63+ verifiable, transparent, & unbeatably secure data feeds, and the most gas-efficient Oracle update available.
@Calderaxyz - Layer Leap is now enabled on Caldera making it easier than ever to bridge directly from Etherum L1 to an L3 on Arbitrum Orbit.
@witnesschain - Rollup Watchtower Phase 2 is now live on mainnet. EigenLayer operators are submitting diligence proofs for Optimism and Base to Witness Chain’s L2 mainnet.
@HoloworldAI - You can now buy, sell, and trade PassCards on the Holloworld AI marketplace now live on Arbitrum.
@MitosisOrg - Have completed the official intergration of the weETH OTF on Scroll. Users can now bridge weETH directly onto Scroll via Stargate.
@HerodotusDev - Announce the beta release of Herodotus Data Processor (HDP) - a powerful solution for defining extensive sets of on-chain data and running complex computations over them in a fully sound and proven environment using STARKs and Storage Proofs.
@Mint_Blockchain - Public Mainnet built using the OP Stack is now live. Fully compatible with the EVM, Mint Blockchain allows Ethereum developers to seamlessly expand their projects onto the new network.
@API3DAO - Integrated their decentralized Oracle stack with the Scroll zkEVM. Builders on Scroll can now benefit from multiple decentralized data feeds, including a new tool that can be used to recapture protocol MEV.
@KakarotZkEvm - Public Testnet Phase is now live. It’s time to build your EVM dApps and leverage the capabilities of Cairo on Kakarot.
@PredX_AI - The first AI-powered prediction market, PredX, is officially on Base.
@odosprotocol - Announced the addition of Limit Orders to ODOS. This new feature allows users to fully control their trading strategies on Arbitrum, with more chains to come soon.
Media - Spaces, Podcasts and Articles
@arbitrum - Hosted a Space with Offchain Labs to walk through Timeboost AIP - a new transaction ordering policy for Arbitrum chains.
@SocketProtocol - Were joined by David from Fuel to chat Chain Abstraction.
@therollupco - Caught up with Taiko co-founder Daniel, to chat all things Taiko and based rollups, including decentralized block proposing, economics of based rollups, Ethereum alignment and more.
@DIMO_Network - Hosted a Space with Polygon to deep dive into DIMO.
Events
@base - Base have arrived at EthCC! Join the team for a Happy Hour, Builders Brunch, and learn about the Urbe Campus Bootcamp throughout the event.
@StarkWareLtd - Introduce art/peace - an onchain community art experience with a wide range of quests, rewards and your favourite community as factions.
@Scroll_ZKP - The Scroll team are in Brussels for EthCC. Throughout the week, they will be participating in a number of presentations, builder workshops, and panels. Check out their Notion guide to see where you can find them.
@Optimism - The Superchain will be in Brussels until July 13th — check out where you can find them throughout the event and be sure to register to attend the Optimistic Gathering before spots fill up.
@arbitrum - Arbitrum Day is coming to EthCC on July 10th with a stacked lineup!
Metrics and Stats
Sum of all value locked in the L2 ecosystem.
Transaction capacity of Ethereum including all Layer 2s under its security.
Number of unique addresses interacting with one or multiple Layer 2s weekly.
The number of daily transactions executed by users/smart contracts.
How much does it cost to transact on Layer 2? .oO
This newsletter is for educational purposes only, and should never in any way be considered as financial or investment advice.
Thanks for reading!