Modular MediaWeekly Rollup #16
👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem. Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates! This week’s issue covers:DeGate Launches on MainnetMore News & UpdatesOverloading Ethereum consensusRollups are L1s and L2s(?)More Discourse & Education📣 News & AnnouncementsDeGate Launches on Mainnethttps://twitter.com/DeGateDex/status/165881741649371136...
Modular MediaWeekly Rollup #14
Neutron is First to Adopt ICS | How bad are rollup multi-sigs? | How decentralized should sequencers be? | Chart of the Week | Week ending May 12th👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem. Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates! This week’s issue covers:Neutron is First to Adopt ICSMore News & AnnouncementsHow bad are rollup multi-sigs?...
Modular MediaHow Permissionless Innovation Works
This is a guest post by Shiva. Give him a follow and check out his other work!The invention of the Internet revolutionized the speed and scope of information exchange, connecting the world like never before. Acquiring new skills or knowledge is no longer limited by the physical boundaries of schools and libraries. Anyone with an internet connection, anywhere in the world can tap into a vast ocean of knowledge at the click of a button. And this has some amazing downstream implications. The acc...
Modular blockchain news and education
Modular MediaWeekly Rollup #16
👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem. Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates! This week’s issue covers:DeGate Launches on MainnetMore News & UpdatesOverloading Ethereum consensusRollups are L1s and L2s(?)More Discourse & Education📣 News & AnnouncementsDeGate Launches on Mainnethttps://twitter.com/DeGateDex/status/165881741649371136...
Modular MediaWeekly Rollup #14
Neutron is First to Adopt ICS | How bad are rollup multi-sigs? | How decentralized should sequencers be? | Chart of the Week | Week ending May 12th👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem. Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates! This week’s issue covers:Neutron is First to Adopt ICSMore News & AnnouncementsHow bad are rollup multi-sigs?...
Modular MediaHow Permissionless Innovation Works
This is a guest post by Shiva. Give him a follow and check out his other work!The invention of the Internet revolutionized the speed and scope of information exchange, connecting the world like never before. Acquiring new skills or knowledge is no longer limited by the physical boundaries of schools and libraries. Anyone with an internet connection, anywhere in the world can tap into a vast ocean of knowledge at the click of a button. And this has some amazing downstream implications. The acc...
Modular blockchain news and education
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👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem.
Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates!
This week’s issue covers:
Uniswap Announces V4
EigenLayer Initiates Testnet
Polygon 2.0
The Cosmos Rundown
More News & Announcements
More on Polygon 2.0
Cosmos vs. Ethereum social alignment
More Discourse & Education
Modular Cloud is reimagining developer tools and cloud services for the modular blockchain stack. Get in touch to learn more about Modular Cloud's product offering today, including the world's first block explorer for modular blockchains.
https://twitter.com/Uniswap/status/1668603580184502276
On June 12th, the Uniswap Labs team announced the upcoming launch of Uniswap v4, introducing a new, modular approach to the Uniswap application.
Why v4?
According to Hayden Adams, Uniswap founder, a lot of teams were launching new Uniswap forks with updated parameters, such as a new fee model. So, v4 introduces a way for developers to continue launching new innovations in the AMM space (as “hooks”) within Uniswap itself, rather than deploying a completely new AMM with minimal changes.
What’s new with v4?
V4’s flagship feature is “hooks”.
Hooks are modules, or customizations, that any user can build or implement when deploying a new pool on Uniswap. Specifically, hooks are code that runs at certain points of the lifecycle of a transaction. These hooks can be added before a swap, after a swap, at the moment you create a new pool, remove liquidity, etc. For example, “run this code (hook) that checks for an oracle price feed before executing a swap”.
So, similarly to how existing solutions such as Eclipse or Caldera allow developers to deploy custom rollups by allowing them to mix & match different modules (choose your settlement, your DA, gas token, etc.), Uniswap v4 will enable anyone to create custom pools by allowing them to select whatever modules (hooks) they’d like to use. In other words, you can use hooks to modify parameters within a pool.
Dynamic fee hook
Limit Order hook
Time-weighted average market maker (TWAM)
use out-of-range LP deposits to accrue extra yield through lending protocols
Another added feature to Uni v4 was the addition of the Singleton contract. With previous versions of Uniswap, every time someone deployed a new pool, a separate contract would also deploy. So if I wanted to create a new USDC<>ETH pool, I would have to spin out a new contract, even though this contract was basically the same as any other Uniswap pool contract (just different tokens involved mostly). In other words, the same code gets duplicated across all pool smart contracts. Now, rather than each newly created pool being its own smart contract, pools now live within the singleton contract. This reduces the cost of deploying a new pool by about 99%.
Overall, for end-users the main advantage with v4 will be an even greater decrease in gas fees, while developers benefit from an increased developer experience that allows for an increased rate of AMM innovation.
What’s Next
According to Hayden Adams, Uniswap founder, users can (probably) expect to start using v4 sometime after the next Ethereum upgrade, Cancun. However, developers can start experimenting with v4 today - of course, keep in mind that the new contracts have not been audited yet, so use with caution!
You can read the team's official blog post to dive deeper into this latest Uniswap version launch.
https://twitter.com/eigenlayer/status/1669065156427681792
This past week, EigenLayer launched “Stage 1” of its mainnet rollout.
Altogether, the protocol’s mainnet rollout is expected to happen in three stages:
Stage 1: onboarding restakers
Stage 2: onboard operators who perform validation tasks for AVSs built on Eigen
Stage 3: several AVSs will launch on Eigen
During this stage 1 phase, three liquid-staked ETH tokens were able to be deposited into the EigenLayer’s restaking protocol:
Lido’s stETH: this pool’s max cap was reached within the first hour!
Rocket Pool’s rETH
Coinbase wrapped staked ETH (cbETH)
That being said, the 3.2K max cap per asset was reached within just the first day, meaning the protocol is closed off for now, until the cap increases.
This just goes to show how excited the Ethereum community is for EigenLayer. As a developer, you get to leverage $ETH security for your own application/chain, while ETH restakers will get to benefit from increased token rewards from the different applications their ETH will be securing.
For anyone interested in keeping up with EigenLayer stats, both the Parsec Finance, and Nethermind teams have each built a dashboard that keeps track of metrics like total deposited staked ETH per each asset, token withdrawals, and more. Of course, there is not much to keep up with as of now, considering the 3.2K cap.
https://twitter.com/0xPolygonLabs/status/1668312616459030528
This past week, Polygon Labs introduced Polygon 2.0, which lays the blueprint for how Polygon aims to become the “value layer of the internet”.
TLDR: this was an announcement about the upcoming announcement of what Polygon 2.0 will entail.
What is Polygon 2.0
According to the team, “Polygon 2.0 is the blueprint to building the value layer of the internet (something Ethereum set to accomplish) - it is a set of proposed upgrades that radically reimagine every aspect of Polygon, from protocol architecture, to tokenomics & governance”.
Specifically, 2.0 is “a network of zk-rollups unified via a novel cross-chain coordination protocol“. The vision is for Polygon to be able to host an unlimited number of chains, without sacrificing liquidity, efficiency, and the overall user experience (feel as though you’re using a single chain).
Wen Details?
Over the following weeks, the Polygon Labs team will be publishing blog posts, AMAs, and more in order to explain the details behind 2.0. Changes we can expect to see include:
Polygon PoS
Utility and evolution of MATIC
Transition to community governance of the protocol and treasury
In fact, here is a rough schedule as to when we can expect more information:
What’s Next
About two years ago now, Polygon announced their $1B investment into zk-technology. This has culminated into the addition of four different zk-rollups across the Polygon ecosystem (expanding beyond the single PoS chain it started as), including Polygon zkEVM (prev. Hermez), Polygon Zero, Polygon Miden, and Polygon Nightfall.
That being said, this has led to some questions and concerns for the Polygon community, such as, how will MATIC be used across all Polygon solutions, and wouldn’t having five distinct networks under a single ecosystem hurt liquidity, efficiency, and the overall user experience? It seems like 2.0 will look to address these concerns and lay the blueprint for how Polygon is looking to unify all of these networks.
You can read Polygon’s official blog post here. For anyone interested, the team held its first community AMA (“Why Polygon 2.0”) regarding 2.0 a couple of days ago - you can check that out here. We look forward to learning more about the 2.0 specifics over the coming weeks. & don’t worry, we’ll make sure to highlight everything for you through our newsletter ;)
There were quite a few governance proposal updates for the Cosmos Hub community this past week.
**Prop #797 passed,** which voted to increase the Cosmos Hub validator set from 175 to 180.
Of course, the big one was proposal #799, which votes for the transition of the Stride network to adopt interchain security (ICS), thereby becoming the second chain to join the Cosmos Hub Economic Zone.
There is also a second proposal related to Stride’s adoption of ICS, prop #800, which votes to “provide 450K ATOM to the stATOM/ATOM liquidity pool on Neutron (also achieved social consensus).
& lastly, **the voting period is now open for proposal #801:** “Gravity Dex Liquidity Module Removal”. “This is a signaling proposal to remove the unused Gravity Dex Liquidity Module from the Cosmos Hub and to return the funds contained therein to the rightful owners”.
Let’s quickly look at some of the details for Stride’s adoption of interchain security (ICS).
Stride to adopt ICS
As a reminder, Cosmos is an ecosystem of appchains, or sovereign L1 networks, the first of which to launch was the Cosmos Hub. One of the ways in which the Cosmos community is looking to grow the Hub is through replicated security. In other words, allowing other blockchains to start leveraging the Cosmos Hub validator set, along with the staked $ATOM, in order to secure their own network.
Replicated security involves two parties:
the provider chain (Cosmos Hub): the hub provides its 175 (will be 180 now following prop 797) Cosmos Hub validators, along with the (roughly) 190M $ATOM staked on the hub, to other appchains
the consumer chain (Stride in this case): the appchain adopting replicated security from the provider chain
With ICS, appchain deployment can be done far more quickly, as you wouldn’t have to worry about bootstrapping your own security at all. Rather, you’ll borrow the validators set and all that staked ATOM from the Hub for your own network. You can check out one of our previous issues, here, to learn more about how ICS works.
What makes this ICS adoption more special, is the fact that it will be the first time we see an existing chain transition to a new validator set. Neutron, on the other hand, was a new chain altogether, meaning it adopted ICS from day 1, whereas Stride had already been live and running for quite some time now with its own existing set. Once the transition happens on the 19th, the existing Stride validator set will transition to solely the role of governance.
To pay for this Hub security, Stride will share 15% of its staking reward with Cosmos Hub.
As mentioned earlier, if the proposal passes (which is expected to happen), then the transition will occur on July 19th. We’re excited to see the biggest liquid staking solution on Cosmos transition to Hub security.
Polymer Labs announces Optimistic ZK IBC Connections, “a high-level solution combining optimistic and ZK proof verification”. As a reminder, Polymer is expanding the IBC communications protocol beyond the Cosmos ecosystem.
@sendmoodz, ex-Uniswap developer, introduced Ekubo, an AMM on StarkNet expected to deploy on testnet in the coming weeks. Ekubo features “extensibility, concentrated liquidity, and greater capital efficiency than ever”.
Here are some performance numbers from the first week of Taiko’s Alpha-3 Testnet deployment, including total transactions (1.3M), wallet addresses (207K), and more.
Pin Save, who is building a web3 Pinterest, becomes one of the latest members of the “Saga Innovator” program. Here’s a Twitter Space between the two teams for anyone interested in learning more about Pin Save.
Seer Foundation (web3 social protocol) joins the Omni Network ecosystem
Catalyst will be deploying its cross-chain liquidity solution on the Sei L1 Network
In their Polygon 2.0 announcement, Polygon Labs uses terms like “value layer” and “unlimited scalability”. What do they actually mean? The Polygon team hasn’t shared much about their concrete plans, but some common questions have been answered.
What is meant by “value layer”? Is Polygon competing with Ethereum now?
In this Twitter Space, Brendan Farmer offers clarity (~minute 13:50). He emphasizes that Polygon is the “execution layer for Ethereum”, which he equates to the value layer of the internet.
What is meant by “unlimited scalability”? What is the claim based in?
Brendan also explains this (~minute 43:40). Polygon Labs believes ZK uniquely enables unlimited scalability when compared to other multi-chain approaches seen in Cosmos, Polkadot, Optimism, etc. They see clear limitations with other trust models (committees of validators, fraud proofs) when scaled to many chains. This is in contrast to ZK-based systems, where “no matter how much we scale blockspace, it’s cryptographically impossible to introduce an invalid transaction”.
That’s all for now, but stay tuned 👀
In the meantime here are a couple of third party takes:
https://twitter.com/0xanimated/status/1668728738761121793?s=20
https://twitter.com/100y_eth/status/1668417294400376832?s=20
https://twitter.com/larry0x/status/1668041292985647106?s=20
Larry from Delphi Digital poses a social question. Why does the Cosmos ecosystem have so much drama? Is this rooted in architectural decisions or something else?
Jon Charb contrasts Cosmos and Ethereum + rollup ecosystems. Rollups are chains, just like Cosmos chains, but have much less drama. Why? This is most likely due to the central point of focus and rallying cry - Ethereum as a base layer.@
In crypto we focus a lot on technology, but it’s important to always remember that blockchains are social coordination tools. Layer 0 is social consensus, and what’s interesting is that modular architectures have so far created more unified social consensus across technical layers of the stack - vertically but even horizontally among competitors.
Celestia discusses all things intents with Zaki from Sommelier Finance, Uma from Succinct Labs and Christopher from Anoma 🎙️🧠
@christine_dkim deep dives into EIP-4844 ✍️🔥
@stonecoldpat0 explains blockchain basics as Part 1 of a new rollup != bridge series ✍️🔥
@samnode_ and @zkLumi discuss Scroll’s agenda and paths to sequencer / prover decentralization with Toghrul from Scroll 🎙️
DappRadar hosts the Battle of L2s Jam Session with Toghrul from Scroll,
That's all for this week! Thanks for reading 🧱🎬
If you found this issue useful, please share this tweet so more people can see it.
https://twitter.com/modularmedia_/status/1671199184383537152?s=20
👋 Welcome to Modular Media! We cover news, updates, educational content, and more within the modular blockchain ecosystem.
Subscribe to get posts sent directly to your email every week, and follow us on Twitter for modular-related updates!
This week’s issue covers:
Uniswap Announces V4
EigenLayer Initiates Testnet
Polygon 2.0
The Cosmos Rundown
More News & Announcements
More on Polygon 2.0
Cosmos vs. Ethereum social alignment
More Discourse & Education
Modular Cloud is reimagining developer tools and cloud services for the modular blockchain stack. Get in touch to learn more about Modular Cloud's product offering today, including the world's first block explorer for modular blockchains.
https://twitter.com/Uniswap/status/1668603580184502276
On June 12th, the Uniswap Labs team announced the upcoming launch of Uniswap v4, introducing a new, modular approach to the Uniswap application.
Why v4?
According to Hayden Adams, Uniswap founder, a lot of teams were launching new Uniswap forks with updated parameters, such as a new fee model. So, v4 introduces a way for developers to continue launching new innovations in the AMM space (as “hooks”) within Uniswap itself, rather than deploying a completely new AMM with minimal changes.
What’s new with v4?
V4’s flagship feature is “hooks”.
Hooks are modules, or customizations, that any user can build or implement when deploying a new pool on Uniswap. Specifically, hooks are code that runs at certain points of the lifecycle of a transaction. These hooks can be added before a swap, after a swap, at the moment you create a new pool, remove liquidity, etc. For example, “run this code (hook) that checks for an oracle price feed before executing a swap”.
So, similarly to how existing solutions such as Eclipse or Caldera allow developers to deploy custom rollups by allowing them to mix & match different modules (choose your settlement, your DA, gas token, etc.), Uniswap v4 will enable anyone to create custom pools by allowing them to select whatever modules (hooks) they’d like to use. In other words, you can use hooks to modify parameters within a pool.
Dynamic fee hook
Limit Order hook
Time-weighted average market maker (TWAM)
use out-of-range LP deposits to accrue extra yield through lending protocols
Another added feature to Uni v4 was the addition of the Singleton contract. With previous versions of Uniswap, every time someone deployed a new pool, a separate contract would also deploy. So if I wanted to create a new USDC<>ETH pool, I would have to spin out a new contract, even though this contract was basically the same as any other Uniswap pool contract (just different tokens involved mostly). In other words, the same code gets duplicated across all pool smart contracts. Now, rather than each newly created pool being its own smart contract, pools now live within the singleton contract. This reduces the cost of deploying a new pool by about 99%.
Overall, for end-users the main advantage with v4 will be an even greater decrease in gas fees, while developers benefit from an increased developer experience that allows for an increased rate of AMM innovation.
What’s Next
According to Hayden Adams, Uniswap founder, users can (probably) expect to start using v4 sometime after the next Ethereum upgrade, Cancun. However, developers can start experimenting with v4 today - of course, keep in mind that the new contracts have not been audited yet, so use with caution!
You can read the team's official blog post to dive deeper into this latest Uniswap version launch.
https://twitter.com/eigenlayer/status/1669065156427681792
This past week, EigenLayer launched “Stage 1” of its mainnet rollout.
Altogether, the protocol’s mainnet rollout is expected to happen in three stages:
Stage 1: onboarding restakers
Stage 2: onboard operators who perform validation tasks for AVSs built on Eigen
Stage 3: several AVSs will launch on Eigen
During this stage 1 phase, three liquid-staked ETH tokens were able to be deposited into the EigenLayer’s restaking protocol:
Lido’s stETH: this pool’s max cap was reached within the first hour!
Rocket Pool’s rETH
Coinbase wrapped staked ETH (cbETH)
That being said, the 3.2K max cap per asset was reached within just the first day, meaning the protocol is closed off for now, until the cap increases.
This just goes to show how excited the Ethereum community is for EigenLayer. As a developer, you get to leverage $ETH security for your own application/chain, while ETH restakers will get to benefit from increased token rewards from the different applications their ETH will be securing.
For anyone interested in keeping up with EigenLayer stats, both the Parsec Finance, and Nethermind teams have each built a dashboard that keeps track of metrics like total deposited staked ETH per each asset, token withdrawals, and more. Of course, there is not much to keep up with as of now, considering the 3.2K cap.
https://twitter.com/0xPolygonLabs/status/1668312616459030528
This past week, Polygon Labs introduced Polygon 2.0, which lays the blueprint for how Polygon aims to become the “value layer of the internet”.
TLDR: this was an announcement about the upcoming announcement of what Polygon 2.0 will entail.
What is Polygon 2.0
According to the team, “Polygon 2.0 is the blueprint to building the value layer of the internet (something Ethereum set to accomplish) - it is a set of proposed upgrades that radically reimagine every aspect of Polygon, from protocol architecture, to tokenomics & governance”.
Specifically, 2.0 is “a network of zk-rollups unified via a novel cross-chain coordination protocol“. The vision is for Polygon to be able to host an unlimited number of chains, without sacrificing liquidity, efficiency, and the overall user experience (feel as though you’re using a single chain).
Wen Details?
Over the following weeks, the Polygon Labs team will be publishing blog posts, AMAs, and more in order to explain the details behind 2.0. Changes we can expect to see include:
Polygon PoS
Utility and evolution of MATIC
Transition to community governance of the protocol and treasury
In fact, here is a rough schedule as to when we can expect more information:
What’s Next
About two years ago now, Polygon announced their $1B investment into zk-technology. This has culminated into the addition of four different zk-rollups across the Polygon ecosystem (expanding beyond the single PoS chain it started as), including Polygon zkEVM (prev. Hermez), Polygon Zero, Polygon Miden, and Polygon Nightfall.
That being said, this has led to some questions and concerns for the Polygon community, such as, how will MATIC be used across all Polygon solutions, and wouldn’t having five distinct networks under a single ecosystem hurt liquidity, efficiency, and the overall user experience? It seems like 2.0 will look to address these concerns and lay the blueprint for how Polygon is looking to unify all of these networks.
You can read Polygon’s official blog post here. For anyone interested, the team held its first community AMA (“Why Polygon 2.0”) regarding 2.0 a couple of days ago - you can check that out here. We look forward to learning more about the 2.0 specifics over the coming weeks. & don’t worry, we’ll make sure to highlight everything for you through our newsletter ;)
There were quite a few governance proposal updates for the Cosmos Hub community this past week.
**Prop #797 passed,** which voted to increase the Cosmos Hub validator set from 175 to 180.
Of course, the big one was proposal #799, which votes for the transition of the Stride network to adopt interchain security (ICS), thereby becoming the second chain to join the Cosmos Hub Economic Zone.
There is also a second proposal related to Stride’s adoption of ICS, prop #800, which votes to “provide 450K ATOM to the stATOM/ATOM liquidity pool on Neutron (also achieved social consensus).
& lastly, **the voting period is now open for proposal #801:** “Gravity Dex Liquidity Module Removal”. “This is a signaling proposal to remove the unused Gravity Dex Liquidity Module from the Cosmos Hub and to return the funds contained therein to the rightful owners”.
Let’s quickly look at some of the details for Stride’s adoption of interchain security (ICS).
Stride to adopt ICS
As a reminder, Cosmos is an ecosystem of appchains, or sovereign L1 networks, the first of which to launch was the Cosmos Hub. One of the ways in which the Cosmos community is looking to grow the Hub is through replicated security. In other words, allowing other blockchains to start leveraging the Cosmos Hub validator set, along with the staked $ATOM, in order to secure their own network.
Replicated security involves two parties:
the provider chain (Cosmos Hub): the hub provides its 175 (will be 180 now following prop 797) Cosmos Hub validators, along with the (roughly) 190M $ATOM staked on the hub, to other appchains
the consumer chain (Stride in this case): the appchain adopting replicated security from the provider chain
With ICS, appchain deployment can be done far more quickly, as you wouldn’t have to worry about bootstrapping your own security at all. Rather, you’ll borrow the validators set and all that staked ATOM from the Hub for your own network. You can check out one of our previous issues, here, to learn more about how ICS works.
What makes this ICS adoption more special, is the fact that it will be the first time we see an existing chain transition to a new validator set. Neutron, on the other hand, was a new chain altogether, meaning it adopted ICS from day 1, whereas Stride had already been live and running for quite some time now with its own existing set. Once the transition happens on the 19th, the existing Stride validator set will transition to solely the role of governance.
To pay for this Hub security, Stride will share 15% of its staking reward with Cosmos Hub.
As mentioned earlier, if the proposal passes (which is expected to happen), then the transition will occur on July 19th. We’re excited to see the biggest liquid staking solution on Cosmos transition to Hub security.
Polymer Labs announces Optimistic ZK IBC Connections, “a high-level solution combining optimistic and ZK proof verification”. As a reminder, Polymer is expanding the IBC communications protocol beyond the Cosmos ecosystem.
@sendmoodz, ex-Uniswap developer, introduced Ekubo, an AMM on StarkNet expected to deploy on testnet in the coming weeks. Ekubo features “extensibility, concentrated liquidity, and greater capital efficiency than ever”.
Here are some performance numbers from the first week of Taiko’s Alpha-3 Testnet deployment, including total transactions (1.3M), wallet addresses (207K), and more.
Pin Save, who is building a web3 Pinterest, becomes one of the latest members of the “Saga Innovator” program. Here’s a Twitter Space between the two teams for anyone interested in learning more about Pin Save.
Seer Foundation (web3 social protocol) joins the Omni Network ecosystem
Catalyst will be deploying its cross-chain liquidity solution on the Sei L1 Network
In their Polygon 2.0 announcement, Polygon Labs uses terms like “value layer” and “unlimited scalability”. What do they actually mean? The Polygon team hasn’t shared much about their concrete plans, but some common questions have been answered.
What is meant by “value layer”? Is Polygon competing with Ethereum now?
In this Twitter Space, Brendan Farmer offers clarity (~minute 13:50). He emphasizes that Polygon is the “execution layer for Ethereum”, which he equates to the value layer of the internet.
What is meant by “unlimited scalability”? What is the claim based in?
Brendan also explains this (~minute 43:40). Polygon Labs believes ZK uniquely enables unlimited scalability when compared to other multi-chain approaches seen in Cosmos, Polkadot, Optimism, etc. They see clear limitations with other trust models (committees of validators, fraud proofs) when scaled to many chains. This is in contrast to ZK-based systems, where “no matter how much we scale blockspace, it’s cryptographically impossible to introduce an invalid transaction”.
That’s all for now, but stay tuned 👀
In the meantime here are a couple of third party takes:
https://twitter.com/0xanimated/status/1668728738761121793?s=20
https://twitter.com/100y_eth/status/1668417294400376832?s=20
https://twitter.com/larry0x/status/1668041292985647106?s=20
Larry from Delphi Digital poses a social question. Why does the Cosmos ecosystem have so much drama? Is this rooted in architectural decisions or something else?
Jon Charb contrasts Cosmos and Ethereum + rollup ecosystems. Rollups are chains, just like Cosmos chains, but have much less drama. Why? This is most likely due to the central point of focus and rallying cry - Ethereum as a base layer.@
In crypto we focus a lot on technology, but it’s important to always remember that blockchains are social coordination tools. Layer 0 is social consensus, and what’s interesting is that modular architectures have so far created more unified social consensus across technical layers of the stack - vertically but even horizontally among competitors.
Celestia discusses all things intents with Zaki from Sommelier Finance, Uma from Succinct Labs and Christopher from Anoma 🎙️🧠
@christine_dkim deep dives into EIP-4844 ✍️🔥
@stonecoldpat0 explains blockchain basics as Part 1 of a new rollup != bridge series ✍️🔥
@samnode_ and @zkLumi discuss Scroll’s agenda and paths to sequencer / prover decentralization with Toghrul from Scroll 🎙️
DappRadar hosts the Battle of L2s Jam Session with Toghrul from Scroll,
That's all for this week! Thanks for reading 🧱🎬
If you found this issue useful, please share this tweet so more people can see it.
https://twitter.com/modularmedia_/status/1671199184383537152?s=20
Game7 DAO announces the launch of Summon, a governance gamification tool. According to the official post, “a meritocratic governance model built like a game, inspired by successful MMOs, that distributes power and governing rights to the most productive members of the ecosystem”.
RedSone Oracles deploys on Fuel. The Fuel team held a space about what devs can build on Fuel using modular oracles (RedStone).
It was a good week for creators on Optimism, as both Sound.xyz (music NFTs), and Manifold (NFT platform) deployed on the network
Pyth Network (oracle solution) joins the Mantle L2 ecosystem
Connext raises $7.5M on a $250M valuation. “Our goal with this raise is to establish & fund the Connext Foundation, an organization that will be dedicated to stewarding the protocol”.
Metamask integrates Connext, allowing users to bridge between popular EVM networks within the Metamask browser extension.
Babylon x OmniFlix testnet integration: “OmniFlix creators now have the freedom to mint, manage, & monetize their NFTs with BTC security”
Unidex launches its “Magma” testnet as a Caldera Chain. As a reminder, Unidex is a defi aggregator (lending, swaps, and more from within a single platform)
“You can now order, top up, and manage your Web3 debit card with IBAN natively from your non-custodial wallet on Arbitrum”
Introducing Xai, an Arbitrum L3 chain building a web3 game console (think Gala Games, or Immutable X).
BitMart, a digital asset exchange, integrates zkSync Era to offer lower fees for its users.
@0xGoldzn published the latest bi-weekly Fuel network update
The Hyperlane team posted its latest update report, this month featuring integrations with Polygon zkEVM, Fuel, and more.
“This governance proposal is seeking dForce community’s opinion for the opportunity to deploy dForce protocols on Scroll”
The zkSync team published this thread that highlights the winning projects from four of their recent hackathons. Winning projects range from across wallet providers, dev tooling, and privacy solutions.
Sharingan is live on Starknet: a testnet of Starknet using Madara sequencer nodes
Check out how you can use Orion to build your own zk-based neural network. Orion was developed by the Giza team.
New Polygon zkEVM deployments include:
0vix bringing the first Balancer pool to zkEVM
Particle Network, a web3 wallet provider, integrates zkEVM
Open Ocean becomes the first DEX aggregator to launch o zkEVM
Osmosis introduces @CALC_Finance, “a fully decentralized suite of tools to level up your trading game”.
Nolus protocol is going live on June 19th (defi lending protocol on Cosmos).
The ETHPrague Hackathon just took place a couple of days ago. Here are some of the winning projects from their own respective ecosystem:
Here are the ETHPrague Hackathon winners of teams who built on Taiko’s zkEVM network
Check out the list of winners from the recent ETHPrague hackathon event, that deployed a project for the Scroll L2 network
Delphi Labs recently hosted a hackathon across three ecosystems: Osmosis, Injective, and Neutron. Here are the top three winners from each.
@0xTaker explores a Modular Searcher Design framework for multi-searcher setups, contrasting monolithic designs ✍️
Hyperlane, Celestia and Noble discuss modular chains, interchain assets, and permissionless interoperability 🎙️
The Interchain Foundation unpacks Celestia and the problem it solves through a Cosmos-native lens ✍️
@_haikane_ explains intents and what you can do with them, offering a straightforward definition and list of use cases ✍️💎
@khushii_w explains Multiparty Computation and how it can be used to create robust security frameworks 💬
@kobigurk creates a demo of Attested Audio using ZK technology 🛠️💎
Empire discusses Uniswap V4 and DeFi superapps 🎙️
@doganeth_en curates a list of resources on intents and preferences 📋
@neelsalami unpacks his perspectives on rollups and what they should be optimizing for ✍️
@alexroan explains how to create ZK smart contracts in Solidity ✍️🤓
Saga breaks down the Optimism Superchain 💬
LongHashX Accelerator discusses building on Taiko with Matt and Dave from Taiko 🎙️
@_emjlin explains the basics of Linea’s inner-proof system ✍️
Avail breaks down how they solve data availability challenges ✍️
@nickwh8te summarizes Celestia’s Twitter Space discussion on intents 💬
@soispoke explores Ethereum’s finality incident (last month) and its impact on the p2p network / user experience ✍️
Starknet walks through the first principles and mental model of storage proofs ✍️
Game7 DAO announces the launch of Summon, a governance gamification tool. According to the official post, “a meritocratic governance model built like a game, inspired by successful MMOs, that distributes power and governing rights to the most productive members of the ecosystem”.
RedSone Oracles deploys on Fuel. The Fuel team held a space about what devs can build on Fuel using modular oracles (RedStone).
It was a good week for creators on Optimism, as both Sound.xyz (music NFTs), and Manifold (NFT platform) deployed on the network
Pyth Network (oracle solution) joins the Mantle L2 ecosystem
Connext raises $7.5M on a $250M valuation. “Our goal with this raise is to establish & fund the Connext Foundation, an organization that will be dedicated to stewarding the protocol”.
Metamask integrates Connext, allowing users to bridge between popular EVM networks within the Metamask browser extension.
Babylon x OmniFlix testnet integration: “OmniFlix creators now have the freedom to mint, manage, & monetize their NFTs with BTC security”
Unidex launches its “Magma” testnet as a Caldera Chain. As a reminder, Unidex is a defi aggregator (lending, swaps, and more from within a single platform)
“You can now order, top up, and manage your Web3 debit card with IBAN natively from your non-custodial wallet on Arbitrum”
Introducing Xai, an Arbitrum L3 chain building a web3 game console (think Gala Games, or Immutable X).
BitMart, a digital asset exchange, integrates zkSync Era to offer lower fees for its users.
@0xGoldzn published the latest bi-weekly Fuel network update
The Hyperlane team posted its latest update report, this month featuring integrations with Polygon zkEVM, Fuel, and more.
“This governance proposal is seeking dForce community’s opinion for the opportunity to deploy dForce protocols on Scroll”
The zkSync team published this thread that highlights the winning projects from four of their recent hackathons. Winning projects range from across wallet providers, dev tooling, and privacy solutions.
Sharingan is live on Starknet: a testnet of Starknet using Madara sequencer nodes
Check out how you can use Orion to build your own zk-based neural network. Orion was developed by the Giza team.
New Polygon zkEVM deployments include:
0vix bringing the first Balancer pool to zkEVM
Particle Network, a web3 wallet provider, integrates zkEVM
Open Ocean becomes the first DEX aggregator to launch o zkEVM
Osmosis introduces @CALC_Finance, “a fully decentralized suite of tools to level up your trading game”.
Nolus protocol is going live on June 19th (defi lending protocol on Cosmos).
The ETHPrague Hackathon just took place a couple of days ago. Here are some of the winning projects from their own respective ecosystem:
Here are the ETHPrague Hackathon winners of teams who built on Taiko’s zkEVM network
Check out the list of winners from the recent ETHPrague hackathon event, that deployed a project for the Scroll L2 network
Delphi Labs recently hosted a hackathon across three ecosystems: Osmosis, Injective, and Neutron. Here are the top three winners from each.
@0xTaker explores a Modular Searcher Design framework for multi-searcher setups, contrasting monolithic designs ✍️
Hyperlane, Celestia and Noble discuss modular chains, interchain assets, and permissionless interoperability 🎙️
The Interchain Foundation unpacks Celestia and the problem it solves through a Cosmos-native lens ✍️
@_haikane_ explains intents and what you can do with them, offering a straightforward definition and list of use cases ✍️💎
@khushii_w explains Multiparty Computation and how it can be used to create robust security frameworks 💬
@kobigurk creates a demo of Attested Audio using ZK technology 🛠️💎
Empire discusses Uniswap V4 and DeFi superapps 🎙️
@doganeth_en curates a list of resources on intents and preferences 📋
@neelsalami unpacks his perspectives on rollups and what they should be optimizing for ✍️
@alexroan explains how to create ZK smart contracts in Solidity ✍️🤓
Saga breaks down the Optimism Superchain 💬
LongHashX Accelerator discusses building on Taiko with Matt and Dave from Taiko 🎙️
@_emjlin explains the basics of Linea’s inner-proof system ✍️
Avail breaks down how they solve data availability challenges ✍️
@nickwh8te summarizes Celestia’s Twitter Space discussion on intents 💬
@soispoke explores Ethereum’s finality incident (last month) and its impact on the p2p network / user experience ✍️
Starknet walks through the first principles and mental model of storage proofs ✍️
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