Layer 2 Weekly Roundup #79
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 - The Core Protocol team is scaling Base with Reth. This move will help Base unlock the next chapter of scaling Base to 1 Gigagas/second.
@ensdomains - A collaborative partnership has formed between ENS and Ubisoft
to introduce a new level of immersion in @EdenOnline_exe games.
@Scroll_ZKP - Introducing OpenVM, a performant and modular zkVM framework, designed with Axiom, and built for customization and extensibility. OpenVM introduces a novel modular design allowing developers to extend the ISA, ZK circuits, and proof system in one unified framework.
@CoinbaseWallet - Say hello to passkeys, faster onboarding, sponsored fees, and more, with Smart wallets — now in the Coinbase Wallet mobile app! Import today to swap, trade, send, and manage assets all in one place.
@swellnetworkio - Swellchain is live on the Optimism Superchain. Swellchain, powered by Swell, is aiming to establish itself as the default hub for maximally secure restaked assets on L2, backed by Proof of Restake technology.
@inkonchain - Ink is live on the Superchain. Ink is a general purpose Optimistic Rollup built by the Kraken team to provide their community with cheap and efficient access to Ethereum's leading decentralized financial services.
@unichain - Unichain have shared the official roadmap to public mainnet and beyond, coming in early 2025.
@fuel_network - $FUEL, the native token by Fuel is now live. Fuel takes a major step in its journey towards decentralization by opening up staking and delegation on Fuel Ignition and Ethereum. Anyone can participate in Fuel's decentralized sequencer network by staking or delegating their tokens.
Ecosystem Highlights
@grvt_io - GRTV Mainnet Alpha is live! GRVT is the world’s first licensed DEX, offering a compliant marketplace for wider institutional adoption.
@DeutsheBank - Is building an Ethereum L2 based on the ZKsync tech stack, in collaboration with Memento Blockchain. Development is well underway, and you can expect the banking giant to launch a minimum viable product in 2025.
@Penpiexyz_io - Penpie is coming to Base! Penpie is a next-generation DeFi platform that revolutionizes the way users can optimize rewards for their active participation and monetize their governance power.
@karnotxyz - The Starknet Stack is now available — with Karnot, you can launch that same chain on the Starknet Stack for just $5k.
@SOPHON - Sophon mainnet has arrived on the elastic network. Sophon is a consumer-first ZK Chain connecting crypto, AI, and gaming to create a unique digital experience, powered by zkSync as a Validium on Avail.
@OnchainKit - Introducing the new ‘Buy’ component - you can now one-click buy your favourite token with ETH, USDC, or Apple Pay.
@gizatechxyz - Introducing WISP: A ZK-powered verifiable agent taking on the first real-world use case for verifiable computation.
@ResolvLabs - Is now integrated with Base, allowing users to benefit from opportunities of Ethereum’s L2, including reduced transaction fees, higher transaction speeds, and seamless integration with based DeFi projects.
@argentHQ - Introducing the Argent Card — the card that lets you spend your crypto as if it were cash. General access will open to the public in 2025 - in the meantime, register for the waitlist.
@matchaxyz - Matcha is now fully integrated with Scroll, bringing zero-fee trades with deep liquidity to our ecosystem.
@Transak - Seamless off-ramping has arrived on Arbitrum. You can now send Arbitrum assets to a unique wallet address & receive fiat directly in your bank accounts — instantly!
@primex_official - Primex is now live on Base, bringing automation of DeFi strategies and onchain trading to Ethereum’s Layer 2.
@Jiritsu_Network - Integrating with Base to drive adoption of tokenized institutional assets. Jiritsu will deploy its innovative technology that integrates with smart contracts on Base, ensuring that tokens cannot be minted without sufficient verified value to back them.
@playneuphoria - Neuphoria will be built on Arbitrum. Neuphoria is a 4X SLG genre Web3 game, designed to onboard Web2 gamers to join Web3 seamlessly.
@Yellow - Scroll is now integrated into the Yellow Network. With this integration, users can now utilize their favourite assets on Scroll within Yellow Network for scalable, low-cost, and efficient trading strategies.
@kettle_shop - Kettle v2 is now live on Base. Kettle is the most modern, and transparent destination to buy a luxury watch. Accessible in the onchain economy.
Articles and Threads
@zksync - What makes the Elastic Network unique, is its native interoperability. Learn more about how native interop works across the Elastic Network.
@tyneslol - Mark Tyneway breaks down the firt ever Ethereum Interop Forum. The first Ethereum Interop Forum brought together developers, researchers, and team members from various L2 ecosystems to collaborate on different ideas with the goal of improving composability across L2s.
Media - Spaces and Podcasts
@0xNurstar - Join Nurstar as he deep dives into the launch of Eternum, the onchain game that's set to redefine gaming on the blockchain, in the latest episode of the StarkCafe.
@hughescoin - Pat Hughes from Base discusses the new feature launched by the Coinbase Wallet team — Spend Permissions.
@Starknet - Discover the unique offerings Layer Akira brings to Starknet users and what they are cooking up in this Space.
@Starknet - Tune in to hear about Paradex’s mission, milestones, and what’s cooking for 2025.
@levelupweb3 - Billyjitsu breaks down how DeFi offers flexible token structures and innovative lending mechanisms in this Space.
@gluk64 - Go deep into the topic of how ZKsync is building Web3 without compromise.
Events
@PondGNN - Announced a series of AI model competitions co-hosted by Virtuals, Hyperbolic, and Pond, designed to unlock the immense potential of onchain data on Base.
@LensProtocol - The Lens Holiday Hackathon is now on with 50,000 $GHO in prizes for SocialFi use-cases and beyond. Join today!
@Starknet - The Starknet Winter Hackathon will be held from January 6th > 19th. Sign up now to help build and shape the future of Web3 across a number of tracks
@ethkyiv_ua - Introducing ETHKyic Impulse: Base edition — a unique mini-hackathon combining the opportuinty to build and learn, with a celebration of Ethereum Ukraine’s birthday.
@StarkWareLtd - The StarkWare x Realms.World’s Agent Hackathon will be held from Dec 18th to Jan 31st.
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!