Layer 2 Weekly Roundup #73
Layer 2 Weekly Roundup #73
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
@coinbase - BTC is now on Base, with cbBTC. cbBTC is an ERC20 token backed 1:1 by Bitcoin, held by Coinbase. Millions of BTC holders can now securely access DeFi apps on Base and Ethereum ecosystems - with more chains coming soon.
@eigen_da - Announce the Arbitrum Orbit + EigenDA Rollup Stack with Fraud Proofs. This candidate fork of Arbitrum Nitro, enables teams to run rollups against EigenDA and unlock incredible scale at a consistent low cost.
@TheZKNation - The ZKsync governance system is live on mainnet! Builders, users, researchers, devs, network operators, token holders and more--our diverse community now steers the ship.
@arbitrum - Registrations are open for the Security Council election. If you think you are a good fit and passionate about Arbitrum’s security, register as a candidate for the upcoming cohort before September 22nd, 2024.
@Treasure_DAO - The Treasure's core contributors, together with Matter Labs and ZKsync Foundation, have presented proposals to TreasureDAO to join the ZKsync Elastic Chain and launch Treasure as an L2 on ZK Stack, instead of Arbitrum Orbit.
Ingo_zk - Announced the release of ICICLE v3. ICICLE v3 includes a new and improved, more powerful CPU backend, designed for the sole purpose of accelerating the performance of ZK provers.
@base - Announced the seventeenth wave of 2024 Base Builder Grants.
@taikoxyz - Launched ‘The Grant Factory’, Taiko’s first dedicated hackathon with 3 tracks, to inspire fresh ideas and lasting projects in the Taiko ecosystem.
@aztecnetwork - Are reaffirming their commitment to full stack decentralization. Their recent ProverNet contest allowed tested provers to produce full set of proofs required to validate Aztec blocks and generate proofs in an efficient and timely manner.
Ecosystem Highlights
@SnapshotLabs - Have launched Snapshot X - a fully onchain voting protocol tjat combines the security and verifiability of onchain voting and execution, is now available on the Snapshot v2 interface.
@Balancer - CoW AMM is now live on Arbitrum. If you're an LP’er on Arbitrum, you can now deposit in their MEV-capturing AMM to protect your liquidity.
@AlchemyPlatform - Now supports Scroll. Whether you’re on mainnet or testnet, everything you need to build the future of Ethereum is at your fingertips.
@OriginProtocol - Origin’s Base expansion is underway! Origin are bringing liquid staking solutions to Base, taking advantage of the network’s infrastructure.
@RiscZero - The first RISC Zero proof has officially been verified on Starknet Sepolia. This marks a crucial step in giving Starknet developers even more flexibility and choice in how they build.
@TenderlyApp - Taiko developers now have access to Tenderly’s infrastructure. Developers can now use Virtual TestNets for development and testing, and Node RPC for reliable and high-performance dapp deployment.
@circle - Developers can now build on Arbitrum One with their suite of powerful tools, including programmable wallets, gas station, and smart contract platform.
@FabricCrypto - Collaborated with Polygon Labs, bringing real-time zk for the AggLayer using a custom chip for cryptography. This initiative creates a network of blockchains, built on the foundation of real-time, advanced cryptography – powered by Fabric’s custom-designed Verifiable Processing Units (VPUs).
@Scroll_ZKP - Have partnered with Ether.fi to make Scroll the settlement layer of new world transactions for Ether.fi Cash.
@QuickNode - QuickNode’s Backfill Templates just changed the game. Base developers can now unlock Base’s entire past, including full blockchain history from genesis to now, in just one click.
Articles and Threads
@HerodotusDev - Examine how Storage Proofs enabled cross-chain governance with Snapshot X, the new onchain voting protocol in their latest article.
@Brechtpd - Spun out of Taiko, Gwenyth is a based rollup that enables synchronous composability with Ethereum. Learn all about the technical design of Taiko Gwenyth in this latest blog post.
@FourPillarsFP - Dive into Ethereum L2 blockchains and Taiko’s commitment to solving Ethereum’s scalability issues, in this comprehensive research article.
@taikoxyz - Break down how they are preparing to upgrade their based rollup, and prepare for Ontake, the first Taiko BCR protocol fork in this thread.
@LineaBuild - Part 2 of the Linea Dev Series is live, which includes another deep dive into the inner workings of Linea’s zkEVM prover system.
Media - Spaces and Podcasts
@jessepollak - Watch Jesse build an onchain app on Base in just 20 minutes!
@starkience - Shows you how to debug your Cairo code and play around with StarkWare’s Sierra and the Execution trace with the Cairo playground!
@arbitrum - Hosted the second episode of Stylus Showcase, diving into the topic of native liquidity on Arbitrum.
@Optimism - Catch up on the latest recording of Optimism’s Superchain Demo day, featuring a number of teams developing projects to help advance the adoption of the Superchain ecosystem.
@zksync - Dive into building zkEVM ecosystems with a focus on next-generation DeFi applications with Cronos, GRVT, and zkLink Nova.
@jessepollak - Jesse discusses what he thinks about Base’s growth strategy, and how the platform is helping to bring the next gen of Ethereum users onchain.
@0xPolygon - Covered all things gaming in this Space, diving into the current state of Web3 gaming, how innovative projects are navigating the future, and the scoop on what’s been happening in the Polygon network gaming ecosystem.
@Scroll_ZKP - We’re joined by Mike and Rok from Ether.fi to dive into the launch of Ether.fi Cash on Scroll, and how Cash will change your daily transactions.
@fuel_network - Catch up on all of the recordings from the Fuel Hackathon, hosted in collaboration with Encode Club. Dive in to learn about some of the newest teams building on top of Ethereum Layer 2s.
@0xPolygon - Polygon Labs Chief Legal & Policy Officer, Rebecca Rettig, participated he first-ever DeFi hearing, for the U.S. House of Representatives Subcommittee on Digital Assets, Financial Technology & Inclusion. Watch the recording to listen in as she dives into the topic of ‘Decoding DeFi: Breaking Down the Future of Decentralized Finance’.
Events
@starknetevents - Revealed the latest Hacker House to be hosted at Devconnect and India Blockchain Week. Grab your team, apply, and build something awesome!
@daobase_ai - Are hosting an epic Base Community Meetup at Token2049. RSVP today to listen to inspiring talks, enjoy happy hour, and chat with the Base team and fellow community members.
@arbitrum - Are bringing DeFi, Gaming, and NFTs to you IRL at their Token2049 event, Arbiverse, on September 18th!
@Starknet - Partnered with Cyfrin CodeHawks to launch a $65k competitive audit to help strengthen the Starknet staking contract - starting Sep 16th.
@base - Will be hosting a number of Based meetups around the world throughout September and October. RSVP to join the Based community!
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!