Layer 2 Weekly Roundup #70
Layer 2 Weekly Roundup #70
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
@base - Basenames are now live! You can claim a unique base.eth username to make it easier to connect, collaborate, and contribute onchain.
@Scroll_ZKP - The Darwin Upgrade is live on Scroll Mainnet. This upgrade introduces a 34% reduction in gas fees on Scroll through proof recursion, bundling multiple batches into a single validity proof for optimized costs.
@Optimism - Introducing ‘The Sunnys’, a Superchain-wide awards ceremony with 540K OP in prizes for onchain creators and developers who have helped to build out new innovations on the OP Stack, to round out Onchain Summer.
@aave - Aave v3 is debuting on Era Mainnet, powered by ZKsync, unlocking unprecedented scalability, privacy, and security while expanding the DeFi user base and new institutional use cases.
@OffChainLabs - Shared their technical roadmap including some long-awaited details of how they think about the future of ZK tech and Arbitrum.
@DuneAnalytics - Arbitrum Nova has landed on Dune. Starting today you can create your own Dune dashboard using onchain data from Arbitrum Nova.
@OPLabsPBC - Bridged USDC Standard has arrived on the OP Stack. OP Chains can easily deploy Bridged USDC Standard using the canonical OP Stack bridge.
Ecosystem Highlights
@wirexpaychain - Are harnessing the AggLayer to take their payment solutions to the next level. By connecting with AggLayer, Wirex Pay taps into a vast pool of liquidity across multiple EVM-compatible chains, ensuring smooth and efficient asset transfers.
@foamspace - FOAM Location is live on Base. Zones are being deployed onchain and location proofs can be minted over Radio with the Cycloid hardware wallet.
@graphprotocol - Arbitrum Nova ia now available in Subgraph Studio. Arbitrum Nova devs can now build subgraphs and use them to create fast, performant frontends for Nova dapps.
@turtleclubhouse - Is bringing their phantom liquidity to Linea. Turtle aims to eliminate smart contract and counterparty risks by avoiding the use of complex smart contracts.
@YieldNestFi - Is bringing their next-gen liquid restaking solution to Base.
@Footprint_Data - Arbitrum One and Nova have integrated with Footprint. This provides the Arbitrum community with comprehensive data insights and analytics tools, including: real-time metrics on TVL, wallet profiles for tracking transaction histories and more!
@dexalot - Have launched their decentralized exchange on Base. Users can trade crypto securely, with no slippage or custody risk.
@fringefinance - Is now available on ZKSync Era, leveraging layer-2 solutions for faster, cheaper transactions.
@bsx_labs - A new liquidity layer is coming to Base. In an effort to expand beyond perpetual trading, BSX is aiming to establish a full-fledged DeFi ecosystem, offering a suite of new features, including: deep orderbook liquidity, milliseconds latency and ultra-low fees.
@ethstatus - Has partnered with Linea to launch their own Layer 2: Status Network. This will be used to seamlessly integrate with the already established Status mobile and desktop apps.
@GriffyCommunity - Prediction markets are on their way to the Fuel ecosystem. Griffy have opened applications for community members who are interested in participating in their closed beta.
@nillionnetwork - All 600+ apps in the Arbitrum ecosystem now have access to Blind Compute, unlocking a world of new use cases for Layer 2.
@Raiinmakerapp - Are launching their decentralized AI ecosystem on Base, that aims to reward individuals for their contributions to AI evolution.
Articles and Threads
@taikoxyz - Posted a comprehensive article on Ethereum as a shared sequencer and how the current process leads us to being based.
@threesigmaxyz - Dive into how Fuel is set to revolutionize Ethereum rollups and what it means for the future of decentralized economies in this blog post.
@LineaBuild - Have published Part 1 of their new developer series, aimed at exploring the fundamental technicalities of the Linea Prover.
@EauDoon - Published a detailed thread that breaks down the purpose and design of the AggLayer. Learn how Polygon plans to bolster cross-L2 UX through interoperability by making cross-chain transactions much more efficient.
Media - Spaces and Podcasts
@scalewatching - The first episode of the ScaleWatching podcast is now live. Nurstar sat down with Mike from Pencils Protocol to learn more about the role that Pencil will play in helping to build out and support Scroll’s DeFi ecosystem.
@taikoxyz - Posted a comprehensive article on Ethereum as a shared sequencer and how the current process leads us to being based.
@0xPolygon - Hosted a Space to discuss the migration from MATIC to POL, which is scheduled to occur on September 4th.
@StarkWareLtd - Kakarot bringing the EVM to the Starknet ecosystem. Learn more about it and its importance for the future of Starkent in this episode.
@StarkWareLtd - Vitalik dives into the power of Circle STARKs and StarkWare’s new prover, Stwo, launching in Q1 2025.
@zksync - Hosted a Space with Aave to celebrate the launch of Aave’s ZK Chain as well as dive into all of the most important need-to-know details.
@taikoxyz - Hosted a Space with IceCreamSwap to discuss what they do, why they chose Taiko, and what their plans are for the future.
@EclipseFND - Hosted Jack from Aspecta to talk about how Aspecta is helping early stage developers to build out their reputation based on their onchain data.
@AcrossProtocol - Hosted a Space with Optimism and Uniswap to dive into ERC-7683, a cross-chain intent standardization that will deliver a seamless, unified ecosystem, addressing fragmentation issues across the entire ecosystem.
@levelupweb3 - Hosted a livestream to dive into the topic of onchain reputation and strategies for broader adoption of onchain identity solutions.
@StarkWareLtd - Alessandro Chisea hosted a talk at StarkWare Scholar summit on the topic of STIR, a new protocol developed for proximity testing that houses fewer queries than FRI.
@KelpDAO - Hosted a Space with launch partners Scroll, LayerZero, Tulipa Capital and August, to discuss Gain, a one-click solution to get multiple L2 and restaking airdrops in a single strategy.
Events
@base - There are a number of Based community meetups happening around the world. Check out the full list and register today!
@Scroll_ZKP - Will be attending a series of events at ETH Tokyo, where they will showcase their latest developments and connect with the community and developers.
@encodeclub - The Fuel Hackathon has arrived! Join the four-week hackathon, attend exclusive technical workshops, and build on Fuel. Register now and get a head start through the Encode x Fuel Educate series.
@Extropy - Have launched a free course, ‘Cairo Security Unlocked’, for anyone looking to strengthen their skills in Starknet security.
@EverclearOrg - Are hosting a Chain Abstraction crash course. In Part 2 of their series, the Everclear team are taking you through the steps to show you how each one of your transactions can be optimized for the best possible outcome.
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!