Layer 2 Weekly Roundup #71
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
@Starknet - Starknet v0.13.2 is live on Mainnet. This upgrade introduces two major features to Starknet: Parallel Execution and Block Packing.
@arbitrum - Have shared the Arbitrum Foundation H1 2024 Progress Update. Read the full report to see how the Foundation’s work is shaping Arbitrum’s future and get a better understanding of its operations.
@arbitrum - USDY is available natively on Arbitrum via leading DeFi protocols. This integration, led by Ondo Finance, further continues the expansion of institutional-grade RWAs onchain.
@OffchainLabs - Arbitrum are developing a hybrid proof system in an effort to combine the best of both ZK and Optimistic technology, to ensure that Arbitrum continues to remain on the bleeding-edge of L2 efficiency and security.
@0xPolygon - Here is everything you need to know about Polygon’s upcoming transition from MATIC > POL on September 4th.
@arbitrum - Freshened up their look in preparation for Stylus Season. Check out their new website to find libraries and code examples, docs and videos, testimonials and more.
@OPLabsPBC - Bridged USDC Standard has arrived on the OP Stack. This means that any OP chain can now seamlessly integrate the bridged USDC via the canonical bridge.
@arbitrum - Arbitrum's Stylus upgrade is just around the corner. From September 3rd, developers will be able to deploy smart contracts on Arbitrum using multiple programming languages.
@EspressoSys - Kyoto 2.0 is now live on Cappuccino testnet, and is open for the public to test with transactions and application deployments. In collaboration with AltLayer, Kyoto aims to help more chains seamlessly with Espresso’s mainnet.
@fuel_network - Fuel docs are now integrated with Cookbook AI, putting all the documentation just one prompt away.
Ecosystem Highlights
@WalletConnect - Bring the world onchain with fast finality and superior UX via AppKit on Scroll. WalletConnect gives developers the tools to build user experiences that make digital ownership effortless, intuitive, and secure.
@DapDapMeUp - Are joining forces with Polygon to create a highly simple, secure, and unified transaction environment across multiple AggLayer connected chains — bridging the gap to mainstream adoption via chain abstraction.
@LimeChainHQ - Have updated their rollup.codes platform to include Kakarot zkEVM. Developers and users can now explore all of the technical details of Kakarot zkEVM, including opcodes, precompiled contracts, and much more.
@ELFi_xyz - Now supports Arbitrum, evolutionizing the space with a unique, forward-looking experience that rivals centralized exchanges.
@dzap_io - Is now live on Taiko, bringing faster, cheaper, and more secure transactions. Users can now enjoy seamless bridging, swapping, and much more.
@conduitxyz - Is launching XCHAIN, a high performance rollup designed for omnichain perps trading - built with Arbtitrum, powered by Conduit.
@Rivalz_AI - Is expanding their new service, ACDS, on Arbitrum Orbit. The Agentic Data Coordination Service aims to build a wide data network for AI Agents focused on quick validation and low latency, serving the agentic future.
@DinariGlobal - Has integrated with Base, and is on a mission to make the global stock market more accessible and efficient through blockchain technology.
@soneium - Is now live on testnet. The Soneium Minato Testnet gives developers and creators a chance to test out the platform, and gain an early first-hand experience before the full mainnet launch.
@MorphoLabs - The very first RWA Morpho vault integrated with Coinbase Verificaitons have launched on Base. The two vaults from Steakhouse Financial and Re7 Labs include collateral from multiple tokenization platforms.
@CamelotDEX - Introducing Camelot as the Orbital Liquidity Network on Arbitrum One, and will do the same for a network of aligned Orbit chains.
@XLinkbtc - Has integrated with Arbitrum, unlocking cross-chain bridging of BTC native assets between the Arbitrum Network and XLink ecosystems.
@levitate_labs - Introduce IGNITE, a platform for builders to expand their horizons from building to becoming investible under a single roof. The first demo day for projects built on Base will kick off on 17th of September at Token2049.
Articles and Threads
@0xPolygon - POL as a hyperproductive token represents a significant advancement in the design & utility of native tokens. Discover what Polygon’s upcoming network transition from MATIC to POL means in this blog post.
@FourPillarsFP - Published a opinion piece exploring Decentralizing Rollups: A Neglected Priority in Rollups.
@0xMarcB - Polygon CEO Marc, published a new thread outlining the core purpose for developing the Agglayer. Rather than solving interoperability within a single ecosystem, Polygon are designing the Agglayer to unite the entire crypto ecosystem, under the banner of Ethereum.
@fuel_network - Dive into the latest Fuel blog post to gain an understanding ofFuelVM, a purpose-built, state-minimized, and parallelized execution layer for rollups, benchmarking over 12K TPS per core.
@PierTwo_com - Published an article on sequencing, and the great unlock for Layer 2 security, decentralisation and economic alignment.
@ParticleNtwrk - Were joined by Taiko team for a Q&A on ChA, based rollups, its growing ecosystem and more.
Media - Spaces and Podcasts
@Starknet - Learn more about Starknet’s ‘Integrity Verifier’, a crucial component in the stack needed to enable L3s on top of Starknet, as it allows proof verification directly on the Starknet layer.
@0xPolygon - Dive into the AggLayer in Polygon’s recent Space with guests from NodeKit, Celestia, Avail, Union and Espresso Systems.
@domothy - Scroll are back with another Protocol Symposium. In their latest edition, Mike Neuder from the Ethereum Foundation presented a technical overview of the many approaches to blockspace market design.
@Scroll_ZKP - Were joined by Lore Finance to discover the powerful solutions their decentralized, non-custodial liquidity market protocol brings to Scroll.
@Scroll_ZKP - Dive into PayFi’s realm to uncover how Huma Finance is revolutionizing global payment financing with immediate liquidity access.
@arbitrum - Hosted a Space to discuss innovating perp trading on Arbitrum with SYMM and Pear.
@zksync - Dive into the topic of LRTs and LSTs on ZKsync with KelpDAO, Lido and Etherfi for their ZKFest AMA.
Events
@Scroll_ZKP - Scroll is heading to Korea for KWB2024! Check out where you can find the Scroll team throughout the event.
@arbitrum - Join Arbitrum at ArbiVerse at Token 2049 on September 18th. Hang with the community, team, and builders, who are shaping the future of Arbitrum.
@0xPolygon - Introduce the Farcaster Frames Innovator Program - a 500,000 MATIC grants initiative for builders utilizing Farcaster frames on Polygon PoS.
@arbitrum - It’s time to vibe with Arbitrum in Seoul on September 4th during Korea Blockchain Week, with friends from RugRadio and Decrypt Media.
@Superpositionsco - Have partnered with Code4rena for a 4-week competitive audit on the Longtail codebase, running from now until September 13th.
@BuildOnFuel - Join Fuel’s hackathon with Encode Club starting September 2nd and compete for a share of $30,000.
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!