The proliferation of Layer 2 (L2) solutions on Ethereum and other blockchains is reshaping the crypto landscape. Companies and developers are increasingly building their own L2s to capitalize on the benefits of having a dedicated chain without the need to manage their own consensus. This trend is driven by the commoditization of L2 technology, making it easier to launch new chains. For instance, Base built an L2 on Ethereum, leveraging its strong developer ecosystem and Coinbase's extensive user base. Additionally, the modular 'app chain' phenomenon is gaining traction, with Ethereum L2s, tooling, and ETH liquidity playing a crucial role. The network effects of adopting common rollup standards for interoperability are also significant. Meanwhile, Arbitrum, a prominent Ethereum L2, is leading the way with its high total value locked (TVL) and active ecosystem. The Aave DAO has launched its GHO stablecoin on Arbitrum, marking a significant step in its cross-chain expansion strategy. Luca has announced the Abstract chain as a new frontier for consumer adoption. The Onchain Olympics have also kicked off, celebrating L2 advancements.
Aave's cross-chain GHO is officially live, #PoweredByChainlink CCIP starting with @arbitrum mainnet. The @aave DAO voted for this integration with 100% approval. https://t.co/IkiAD597Vd https://t.co/o0AvVSwiGt
Bridging from Ethereum L1 to an @arbitrum Orbit L3 is now easier than ever 😎 We're excited to enable support for Layer Leap, starting with @RariChain and soon coming to other Caldera chains ⛓️ 🌋 https://t.co/NFYtmpac1g
Aave DAO launching GHO stablecoin on Arbitrum https://t.co/Cd6ALPgC7W
GHO is now available on the @Arbitrum network, the largest Ethereum L2 by value locked and monthly active wallets. 🌐 This marks the DAO's first new market in its phased GHO cross-chain expansion strategy. https://t.co/6pokRGRxvF
The future is crosschain ⛓️ https://t.co/hrV8L80pmQ
⛓️ Ethereum scaling solutions are increasingly moving to cultivate interconnected ecosystems of Layer 2s to overcome liquidity fragmentation @zksync unveiled its vision for Elastic Chain, a symbiotic ecosystem of chains leveraging the ZK Stack 👀 https://t.co/vfTuqAGXht
Arbitrum is the thiccest L2 https://t.co/owDIpv91B5
- Crosschain GHO live tomorrow - Aave V3.1 coming soon by @bgdlabs - Aave V4 by Aave labs in Q2 2025 - First non EVM network proposal today by @Aptos - Growth opportunities everywhere by @AaveChan @Token_Logic @karpatkey - Ideas for new GHO facilitators popping out like…
- Crosschain GHO live tomorrow - Aave V3.1 coming soon by @bgdlabs - Aave V4 coming by Aave labs by Q2 2025 - First non EVM network proposal today by @Aptos - Growth opportunities everywhere by @AaveChan @Token_Logic @karpatkey - Ideas for new GHO facilitators popping out like…
Kicking off Onchain Olympics w/ @arbitrum ⛓️🏅 Learn more about Arbitrum and mint an NFT on Arbitrum One! Don't have ETH on Arbitrum One? We got you covered w/ @thirdweb ! Here's a quick video on how you can get the funds you need to mint all the upcoming NFTs! https://t.co/OUlWk2flax https://t.co/jVrGCFf9B1
Too many chains and too many rollups have created two problems for crypto - 1 - Liquidity is fragmented 2 - The UX is shit What Didn't Work We've tried interoperability, cross chain, multichain in the past but they haven't worked. Instead, most have created additional… https://t.co/X91TsQcAP0
what's your favorite arbitrum chain (L2 or L3) and why?
It's day one of the Onchain Olympics! ⛓🏅 We're kicking off the celebration with @Arbitrum. ◆ ultra-fast, low cost ◆ the #1 chain for TVL ($17.66b) ◆ buzzing ecosystem of apps, games and L3's Learn about @Arbitrum and mint the commemorative NFT. 👇✨ https://t.co/b6RzjC29xM
Luca said the quiet part out loud about L2 networks. The tech stack is commoditized. So why shouldn’t he and the community he built be the one to financially benefit from the obvious value accrual of having its own chain? Token gets valued at multi billions with tier 1 exchanges.
We also have... - easy onboarding with chain abstraction (@0xAarc @burnt_xion @EverclearOrg & more) - innovative execution layer (@lumioFDN @cartesiproject @taikoxyz & more) - access to rich on-chain data (@lavanetxyz @Covalent_HQ & more) - scalability and sovereignty with… https://t.co/J0Eq1I4Qt6
my take on the STATE OF ETHEREUM L2s and where things are headed: while it may be hard to grasp, chain minimalism doesn't make sense in a L2 world. we will actually see HUNDREDS or THOUSANDS of L2s, especially as bridges and wallets begin to abstract away complexity for end…
the modular “app chain” is an undeniable phenomenon Ethereum L2s + tooling + ETH liquidity will make this a reality at massive scale during THIS crypto cycle the benefits of your own chain & ecosystem without running your own consensus
The Daily Modern Market Snapshot: Mon 1 Jul Headlines 👉Luca announces Abstract chain as the final frontier to conquer consumer adoption From @LucaNetz: "If I have the community, culture, and distribution why accrue that value to another ecosystem? The tech has already been… https://t.co/TH7NxliXGJ
Yes, L2s are commoditized. Launching an Optimistic roll-up overnight is easy, but building a robust chain and thriving ecosystem is a vastly different challenge. There’s a reason companies build on top of tech stacks and focus on their core product instead of the backend. It's… https://t.co/R1waHVjXS2
The VERY smart move Base did was to build an L2 on Ethereum. This taps into 1/ the strongest dev ecosystem in crypto … while making use of … 2/ CB’s 100m+ end-user distribution. Brand-wise for developers, it’s highly “Ethereum-aligned”. Much more so than BNB Chain for… https://t.co/uAx2jYkuRB
The network effects that stem from the proliferation of rollup standards are highly under rated. I’ve said this before but L2s are incentivized to adopt common standards for interop, proving, etc even with their competitors, unlike what we see with L1s. Eg) eth, avax, bsc are…
The network effects that stem from the proliferation of rollup standards are highly under rated. I’ve said this before but L2s are incentivized to adopt common standards for interop, proving, etc even with their competitors unlike what we see with L1s. Eg) eth, avax, bsc are…
“Any app that achieves breakout success will most likely launch their own L2 and potentially eventually their own L1” Santi 🤝 Modular appchain thesis believer https://t.co/wJqPdZ0lZK
Finally someone says it out loud. The incentive to build your own L2 is the same as building a L1. And we saw a lot of that prior cycles…now we’re seeing the same move with L2s. Does it end there? Unlikely imo What stops breakout apps from launching their L2 and, eventually,… https://t.co/ayGL7feR64
Pretty sure modular has won Even Solana is expanding with multiple L2's, rollups etc. Their builders have already started to change the narrative. 6-12 months ago it was cool to shit on ETH because Solana's "monolithic thesis" was superior UX, but it always hits a bottleneck
"L2s are stupid because they're all the same tech - it's redundant I promise. So we're going to introduce a new L2 that's differentiator is not the tech" Bro, if you're building something that isn't dependent on the tech then why not build atop an existing L2? My… https://t.co/z0u1IYwJLQ