Amidst the surge of Layer 2 (L2) networks, Arbitrum has surpassed Ethereum in daily transactions. Various projects are focusing on enhancing blockchain convergence, with initiatives like EigenLayer enabling Cosmos blockchains to utilize restaked ETH. The L2 ecosystem is witnessing rapid development with innovations in scalability, decentralization, and cost reduction, aiming to address Ethereum's scalability challenges and improve transaction throughput. Succinct Labs has raised $55 million to advance zero-knowledge proofs technology for mainstream development.
EXCLUSIVE: @EthosStake—an upcoming active validated service (AVS) on EigenLayer—is working with various liquid restaking protocols to leverage ETH restakes and secure Cosmos chains. It has received commitments of $4 billion from LRTs so far. — Currently in the testnet phase,… https://t.co/UkezEVYddX
EXCLUSIVE: Ethos works with liquid restaking protocols to secure Cosmos chains via EigenLayer https://t.co/zzyyE70oRk
Like all other software, blockchains won't scale by enhancing just one component, they will scale by combining vertical (execution) with horizontal scalability (DA, rollups, app chains, etc..). e.g. @megaeth_labs is achieving 10K+ true TPS with low latency by rebuilding the EVM… https://t.co/P0Lqj52hkd
Like any software, blockchains won't scale by enhancing just a one component, they will scale by combining vertical (execution) with horizontal scalability (DA, rollups, app chains, etc..). e.g. @megaeth_labs is aiming for 10K+ true TPS with low latency by rebuilding the EVM… https://t.co/bMV6VQQPwc
1/ During Scale Summit at #ETHDenver2024, @avizurlo discussed the two primary frameworks for scaling a blockchain - vertical and horizontal scaling. https://t.co/72P051nzli
1/3 During Scale Summit at #ETHDenver2024, @avizurlo discussed the two primary frameworks for scaling a blockchain - vertical and horizontal scaling. https://t.co/nGp4q6SjBL
NEW: @AstarNetwork zkEVM daily transactions are reaching new highs and have increased 800% since the start of March. Astar zkEVM is built using Polygon CDK and is the first chain to plug into the AggLayer. https://t.co/ZNRxCAWpY9
#ZK Tech Startup @SuccinctLabs Raises $55M to Propel #ZeroKnowledge Proofs Into Mainstream Development https://t.co/GvAPj1vvuw
Ethereum L1 offers maximum decentralization. That comes at a cost, in the form of higher fees. For now, if you want cheaper fees, you can sacrifice maximum decentralization on L2s. That's not the end state though. L2s have a well laid out path to properly decentralize as well.
.@SuccinctLabs raised $55M led by @paradigm to make zero knowledge proofs accessible to any developer. The total raised comes across a Seed and Series A round with participation from @robotventures, @BanklessVC, @__geometry__, @zkv_xyz and angels including @sreeramkannan from… https://t.co/pHcu6i7UXW
Arbitrum is the fastest blockchain because its not a blockchain. Brilliantly, L2s have solved scaling by eliminating the consensus mechanism. Solana may be fast but it will never beat a single sequencer. ETH engineering is unmatched. https://t.co/vBTPv9tvBQ
Ethereum has a multi-year head start on L2s and it was almost impossible trying to get activity to move there in critical mass any other chain attempting to duplicate this without the value prop of Ethereum and ETH at L1 and all i can say is good F’ing luck 😘
JUST IN: @SUCCINCTLABS RAISES $55 MILLION IN ROUND LED BY @PARADIGM
I'm extremely excited to see the Succinct team get the funding they deserve. This new funding will enable them to take their key ZK-proving infrastructure to new heights. One of our main bets at Sovereign has always been that the true value of ZK will be enabled once the… https://t.co/bZtHWi8RUV
Every chain will win or lose based on distribution Things like @avax subnets will cook, @Sagaxyz__ chainlets will catch fire, Sol gaming will grow & Major L2s will battle for market share w/ the winners being L2s that truly master distribution That's the value add to games
ZKPs are one of the most interesting technologies I've had a chance to work with and will upgrade all of blockchain infra. It's been a privilege to work with the legendary @paradigm team and all of @SuccinctLabs in accelerating ZK to its fullest potential. https://t.co/UTgQWegWeV
We are in a period where there are more L2s being created than games consistently being played in web3 I think ultimately we will see some level of consolidation or games will eventually realize they can just build/launch their own chain and own the entire experience IP>Tech
We are in a period where there are more L2s being created than games consistently being played in web3 I think ultimately we will see some level of consolidation or games will eventually realize they can just build/launch their own chain and own the entire experience IP >…
SP1 is amazing software. The first time I felt, as a non-cryptographer, that ZK was something we could use in a practical toolkit, instead of a "good in theory but not ready for production" idea. Very excited to see where the team takes it from here. https://t.co/fKMQFrsCET
Ethereum's Web of L2s Eigenlayer's Sreeram writes: > This gives rise to a “trustless composability” network effect [for all L2s on Ethereum]. The more the net L2 state built, the more other L2s want to cohabit, the larger the inhabitable surface area of ETH becomes. Over the… https://t.co/o21hOmEQET
Sreeram nails it here Ethereum will win this activity because it's logical Schelling Point for global decentralized settlement TODAY and now L2s provide the substrate for anyone to build on Ethereum and the more early activity like this it gets, the more strong the subsequent… https://t.co/i8UxbjfJe6
Some unpopular facts: Rollup scalability is still bottlenecked by DA, it hasn't been solved unless we have some DAS (real Danksharding) to scale the bandwidth. 4844 can make transactions cheaper but it can't really improve the throughput. Imagine 0.0001$ tx but still 1000 TPS…
Been researching scalability a lot with our team recently and quite impressed how all the zk stacks have progressed. I am a still fan of optimistic rollups, in fact I think they are ground zero for scaling Ethereum. Especially EVM compatibility has been significant breakthrough.
Why build an Ethereum L2? ——— Some argue that “Ethereum is a great settlement layer and that’s why L2s should settle there. “ ——— Our theory (not financial advice): Anyone who wants to use and transact with ETH, the asset, needs to settle on Ethereum, which is the final ledger… https://t.co/OrooLl3kf4
I think @megaeth_labs is the most ambitious effort to scale L2 execution by many orders of magnitude. They're thinking outside the box and going to the logical conclusions of tradeoffs in how L2s can be designed based on their unique characteristics.
L2 scaling requires innovation at both L1 and L2. 4844 was a huge step forward on the L1 front. Arbitrum Stylus will do the same on the L2 front — reducing the cost of compute by 10x 👀 Arbitrum Stylus will be available to all Orbit chains. Study Arbitrum. Study Stylus 🤓
Every network will scale w/ L2s, then scale those L2s horizontally (geographic sharding anyone?) L2 tech commoditizes quick (albeit L2s make cash w/ NE) so most L1s will have pretty good L2s. Liquidity and decentralization will be the ultimate boon for the L2s (DA being… https://t.co/3y39mCgjjJ
I'm building a new L2. DA on Celestia. Execution on Succinct. Sequencing on Espresso. The Ethereum modular chain thesis is so strong that you don't even need Ethereum to build an L2 anymore.
1/ Ethos ♾ EigenLayer: Supercharging blockchain convergence The boundaries between Cosmos and Ethereum are becoming increasingly blurred. Ethos is building infrastructure on top of @eigenlayer that enables Cosmos blockchains to leverage the economic security of restaked ETH. https://t.co/XSYM54gVFA
Ethos x EigenLayer: Supercharging Blockchain Convergence ⚞♾️⚟
#Arbitrum Outpaces #Ethereum in Daily Transactions Amidst L2 Networks' Surge https://t.co/mGoKeefKzT
Legacy architectures (i.e. ETH or SOL) are held back by the blockchain trilemma. To scale, they must lose on scale, security or decentralization. @flow_blockchain breaks out of these constraints. To scale Flow, simply add an execution node.🤯 Dive in: https://t.co/ZTjpMZS37S https://t.co/c3Ews5AcDg