Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum
Dear Frens,
Welcome to this week’s L2 review, where we explore the latest updates and upgrades shaping the future of scalability and efficiency in blockchain technology.
Ethereum L2 transactions have soared to a record 12.5 million, with Coinbase’s Base and Arbitrum One leading the charge. Conversely, L2 fees have dropped significantly from a peak of $4.2 million in March to just $171,514 on August 13, showing improved efficiency following the Dencun upgrade. The stablecoin market cap on L2s now stands at $9.69 billion, though active addresses have fallen by 16.23% to 5.29 million.
Cronos zkEVM, a new ZK chain in the Elastic Chain vision, is making waves. It brings exciting features like a custom gas token, layered yield, account abstraction, and a loyalty program, boosting zkSync technology in the Cronos ecosystem.
This issue’s editorial touches on the subject of rollup maturity stages, exploring the advancements on the path toward complete decentralization of Ethereum’s layer 2.
Scroll on to stay tuned for more updates and insights!
Contributors: Ritaakubue, Melasin, Tonytad, Boluwatife, Kornekt, WinVerse
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⛓️ Building a unified Superchain
🆕 Arbitrum and Optimism becomes the first full-EVM rollups to reach stage 1.