Layer 2 Weekly Roundup #68
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 - Unveil their highly anticipated Darwin Upgrade that will lower gas fees on Scroll by 34%, scheduled for August 21st.
@Starknet - Is now integrated with Dune. With this new integration, you can easily create dashboards on Starknet and monitor the activity of Starknet users.
@Scroll_ZKP - Launched the ‘Level Up’ platform. All Scroll content will be hosted natively on Level Up - this means faster access, seamless interactions, and more integrated learning tools.
@arbitrum - Arbitrum Orbit chains can now use USDC as a custom gas token. This opens the door for new types of apps to be built, including ones requiring payment rails for a frictionless user experience!
@Optimism - Mode Network, Zora and Metal have officially transferred their keys to the Optimism Collective Security Council. This is a significant step for these chains to progress towards Stage 1 Decentralization.
@Starknet - You can now bridge your assets to Starknet using StarkGate with your MetaMask (Snap) wallet.
@EspressoSys - Released ‘HotShot’ an optimistically responsive consensus protocol designed in Rust to scale to 1000s of nodes without a loss in performance, to power our original sequencing layer, for other teams to use under an MIT license.
Ecosystem Highlights
@arbitrum - Franklin Templeton’s OnChain U.S. Government Money Fund is now available on Arbitrum.
@AcrossProtocol - Is now live on Scroll. Now, you can transfer funds to Scroll using Ethereum’s fastest and cheapest bridge!
@Moongate - Is now integrated on Arbitrum — supercharging the attention assets economy with swift, cost-effective transactions.
@KaiExchange_ - Enabled their frictionless perp trading platform on Base that lets you trade without gas and wallet.
@grvt_io - Open Beta testnet is live on the Elastic Chain using ZKsync’s ZK stack.
@MangroveDAO - Is now integrating with Arbitrum, bringing improved accessibility and greater efficiency in liquidity provision.
@VesselFinance - Is now live on Scroll. Enjoy enhanced fee potential with their innovative VAELOB model as well as dive into Vessel Voyage for lucrative rewards.
@0xfluid - Have launched on Base. Fluid lending offers users the highest Loan-to-Value ratios and lowest Liquidation Penalties in the industry along with the most competitive lending and borrowing rates.
@SpaceandTimeDB - SxT smart contract indexing now support ZKsync.
@biconomy - Have integrated their account abstraction stack with Taiko.
Media - Spaces, Podcasts and Articles
@gusgutoski - Published an explainer articles on two tools for blockchain scalability: data availability sampling, and verifiable information dispersal.
@Scroll_ZKP - Hosted a Space focused on DeFi use cases and their latest engagement-boosting badges.
@taikoxyz - Were joined by Alchemy Pay in their latest bi-weekly ‘Tea with Taiko’ session, to give an insight into the company and their roadmap.
@0xPolygon - Were joined by the team from Immutable to chat all things gaming.
@Scroll_ZKP - Were joined by the team from Loop in their latest Space to dive into the topic of restaking in the Scroll ecosystem.
@Starknet - Ohad Barta from Starknet gives an introduction to STRK staking, coming to mainnet in Q4, 2024.
@OmniFDN - Hosted a Space with Arbitrum to discuss unlocking L2 liquidity.
Events
@Starknet - Basecamp X starts on August 5th - a free, 5-week programming course designed for developers eager to dive into the Starknet ecosystem.
@Starknet_Asia - Announced StarkKorea2024 - an exciting meetup dedicated to Starknet enthusiasts, taking place on September 2nd.
@RnDAO_ - Will be hosting the Arbitrum CollabTech Hackathon this October. Join the 30-day online event where developers, designers & entrepreneurs unite to evolve B2B SaaS and the future of work with groundbreaking web3 projects.
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?
This newsletter is for educational purposes only, and should never in any way be considered as financial or investment advice.
Thanks for reading!