Layer 2 Weekly Roundup #87
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
@ethereumfndn - Announcing the Open Intents Framework — a modular, open framework to make it seamless for any chain to get intents into the hands of users & improve cross-chain UX. L2 teams from across the ecosystem have come together to collaborate on this framework to enable huge UX improvements for Ethereum L2s, such as fast, frictionless, cross-chain transfers.
@buildonbase - Introducing Build on Base — the hub that has everything you need to start building the onchain future.
@StarkWareLtd - Herodotus is unlocking a wave of new features on Starknet: L3 appchains ZKML, ZKLogin, and beyond. By opening up SHARP to all, Atlantic lets developers validate any Cairo computation fast and affordably.
@zksync - WonderFi, Canada’s largest regulated crypto platform, is launching a ZK Chain and wallet on ZKsync. This provides retail users seamless access to decentralized finance and serves as an innovation hub for crypto developers.
@arbitrumdao_gov - ArbitrumDAO have just approved 35M ARB for RWAs via STEP 2.0. This brings the total RWA investments from the DAO treasury to 85M ARB, one of the largest DAO-led RWA allocations in Web3.
@Optimism - The Optimism Collective has committed 8M OP to funding onchain builders who are innovating on the Superchain.
@espressoFNDN - Introducing the Espresso Foundation, dedicated to stewarding the long-term success and sustainability of the Espresso Network. The Foundation will oversee the Network's upgrade to proof-of-stake, which will coincide with the launch of the $ESP token to secure the network.
Ecosystem Highlights
@gardens_fund - Gardens is live on Base. Gardens is a bottom-up governance framework for web3 ecosystems that provide coordination infrastructure and funding mechanisms that help grow networks of public goods.
@squidswap_ink - SquidSwap v2 is live. Enjoy a brand new, optimized experience to swap, launch and stake on Ink.
@fermah_xyz - Fermah has integrated with Scroll to provide ultra-efficient proving that will lead to lower costs, and much faster tx times for users.
@HallidayHQ - Introducing Halliday, the first agentic workflow protocol, can create high-level workflows without writing a single line of smart contract code.
@transferogroup - $BRZ, the world’s first Brazilian Real stablecoin is now available on Base with the BRZ/USDC pool at Aerodrome.
@holyheld - Ink is now natively supported on Holyheld, giving you instant access to liquid assets on Ink using your fiat balance.
@OndoFinance - OUSG is now avilable on Assetera, Europe’s first MiFID-licensed marketplace for blockchain-based securities — built on Polygon.
@OrochiNetwork - Orochi is live on Base — fueling the onchain revolution and bringing cutting-edge solutions to strengthen the ecosystem.
@daobase_ai - DAOBase just released a new feature, where you can create proposals, vote, and delegate all in one place.
@Paytrie - Paytrie have expanded $CADC stablecoin to Base, enabling seamless Canadian dollar transactions onchain.
@m0foundation - M^0 infrastructure is live on Arbitrum, powered by Wormhole.
@SynFuturesDefi - Introducing Synthia, SynFutures AI agent. This marks the initiation of Phase 1 to build a fully AI-driven DeFi ecosystem.
@gelatonetwork - Gelato and Safe CORE {SDK} now let Ink devs remove gas fee friction for users.
@MoonwellDeFi - Introducing Moonwell Virtual Accounts on Base. Open a virtual US checking account from anywhere, convert payments to USDC, and start saving in the Moonwell Flagship USDC Vault.
@cytonic_com - Cytonic have integrated with Arbitrum’s L2 stack into the MultiVM network. This integration brings efficient execution, lower costs, and a frictionless developer experience for EVM-based applications.
@Layerswap - LayerSwap now supports FUEL. Bridge FUEL from Ethereum to Ignition and back with ease.
@sedge_fi - Sedge, the destination for trading stablecoins backed by various currencies, is live on Base. Sedge provides tight spreads to real world currency prices and lowers the risk of impermanent loss for LPs in the pools.
@meow - Send, receive, and auto-convert USDC on Base for payroll, expenses, and more, with USDC off-ramps straight to your business checking account.
Articles and Threads
@CoinMarketCap - Taiko co-founder and CEO, @Brechtpd, wrote a simplified piece on the benefits and development of Based Rollups.
@fuel_network - Check out this in-depth guide to the Fuel Decentralized Sequencer, co-authored by @saniyamore and @SimplyStaking.
Media - Spaces and Podcasts
@StarknetIN - The first episode of the Starknet Builder Show is live. Listen in to @mrigank and @RehanNek give insights into why UX is the ultimate challenge, the truth about finding PMF in crypto, DeFi’s real edge, and more.
@Starknet - @NatanGranit & @0xBeja discuss STRK staking Phase 2, and break down the next steps, the governance vote, and what it means for validators.
@HouseofZK - In the latest episode of HoZK Radio, @EliBenSasson, CEO of StarkWare, gives his optimistic take about OP_CAT going live on Bitcoin and what this would mean for Starknet.
@QuickNode - Want to learn more about Fuel and how AI agents are shaping the future on Fuel? @naz3eh breaks it down in this livestream.
@fuel_network - Deep dive into Fuel’s Decentralized Sequencer in this Space.
Events
@base - Base will be hosting a number of events at ETHDenver - check out their agenda and register for the events!
@BuildingBlock_s - Building Blocks, the biggest Web3 Dev Conference in the Middle East, is back on March 27th.
@Optimism - Check out where you can find the OP team at ETHDenver.
@taikoxyz - Taiko are hosting a workshop in Denver — build multi-chain apps, test cross-chain swaps on Gwyneth's upcoming devnet, and see L1<>L2 synchronous composability in action.
@EspressoSys - Espresso Systems is holding their first Hackathon ‘Build and Brew’, designed to bring chains and applications to life on Espresso. Pre-registrations are open now, with final submissions due on March 31st.
@base - Based meetups are happening all over the world! Check out where you can find the Based team, inc. Uganda, Singapore, Colombia and ETHDenver.
@taikoxyz - Taiko are hosting the first-ever Based Rollup summit at ETHSF.
@zksync - Join the ZKsync team at ETHDenver and step into the future of Ethereum scaling — check out where to find the team throughout the event!
@Starknet - Starknet are coming to ETHDenver in full force — Builders, Gamers DeFi Framers, AI frens... whatever your vibe, there's events for you.
Metrics and Stats
Sum of all value locked in the L2 ecosystem.
Tracks user operations of Rollups on Ethereum, including regular transactions and actions bundled into a single transaction.
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!