Layer 2 Weekly Roundup #90
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
@cbventures - Coinbase Ventures are launching the Base Ecosystem Group on Echo to support Base builders. This will bring more funding for startup investing onchain, so qualified investors can back builders.
@0xPolygon - Applications for Polygon’s Community Grants Program S2 close on the 20th of March. Apply to get funding for your project before submissions close.
@soneium - Soneium is accelerating onchain gaming, by bringing the LINE MINI-App onchain, connecting with 200 million active users LINE audience.
@arbitrum - Applications are now open for the ArbitrumDAO Security Council’s March election. Contender submissions runs until the 22nd of March, during which individuals or legitimate operating entities can register for the elections.
@OpenZeppelin - OpenZeppelin have introduced support for ERC‑7802 to enable standardized cross-chain communication. Additionally, the Optimism SuperchainERC20 is available to leverage asset interoperability within Superchain.
Ecosystem Highlights
@bedrockonchain - Introducing Bedrock: a media hub highlighting the ideas shaping our onchain future, on Base and beyond.
@KintoXYZ - Kinto’s latest hardfork adds support for Arbitrum Stylus. Stylus' new WASM based VM enables Kinto developers to code smart contracts in languages like Rust, C or C++ without changing the behavior of existing solidity contracts.
@circle - CCTP V2 is here, bringing nearly instant USDC cross-chain transfers onchain — now available on Base and Ethereum.
@0xfluid - Fluid Money Market has been deployed on Polygon mainnet which brings the highest LTVs, lowest liquidation penalties, most competitive lending and borrowing rates and best-in-class security measures for the Polygon users.
@myBraavos - 1-click lightning network payments are live on Starknet, made possible by Braavos and now available in the app.
@aave - EURC, Circle’s Euro stablecoin, is now available on Aave’s Base market. Users can borrow or use EURC as collateral.
@Kohinxyz - Kohin SDK is now live on Polygon. Prediction Market developers on Polygon can offer 100% coverage on prediction amounts and build creative use cases with Kohin insurance.
@worldcoin - Introducing Razer ID verified by World ID, a powerful new way to keep gaming fair, fun & designed for humans.
@routerprotocol - Router Protocol, a tool that brings the user experience of Web 2 payments to the secure and trustless environment of Web 3, is live on Scroll.
@MorphoLabs - Compound's Morpho-powered vaults are live on Polygon with $3M in COMP and POL incentives allocated to accelerate growth.
@spottrading_app - From today, you can buy AI agents, buy tokens with 1-click, from 1-wallet, and buy ETH and USDC right inside Spot — all on Base with Spot.
@easycrypto - NZDD, New Zealand’s Stablecoin, is available globally on Base.
Articles and Threads
@daddysether - Dive into this article that explores how Arbitrum Stylus is the definitive answer to the question, “how do we bring more developers to the Ethereum ecosystem?”
@ArbitrumDevs - Arbitrum Orbit lets devs create custom L2 or L3 chains on top of Arbitrum. Dive into this thread to learn everything you need to know about Orbit and how it works
@Scroll_ZKP - Scroll’s latest Stable School lesson explores how CDPs create decentralized dollars.
Media - Spaces and Podcasts
@opmichael_eth - Watch this guide to see how you can take part in the OP Futarchy experiment, receive rewards, and maybe even win some bragging rights.
@0xPolygon - Hosted a Space with @pauljlei and @OneTrueKirk to discuss Compound x Morpho x Gauntlet on Polygon.
Events
@base - Base will be hosting a number of Based Community meetups around the world — including San Francisco, Seoul, Budapest, Basel, Bangkok, and more!
@Gambit_fi - Calling all AI Base builders in Indonesia! Gambit are hosting the first Base Community Ramadan Meetup in Jakarta, on March 20th.
@arbitrum - Join the Arbitrum team on Thursday, March 27th for a community night in NYC where you can meet, learn, and connect with the local community.
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!