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Arbitrum Proposal To Adopt RIP-7212

RIP-7212 lowers the costs associated with passkey-based wallets.

Quick Take

  • Arbitrum proposes to adopt RIP-7212.

  • Ethpandaops releases a testnet tool.

  • EtherFi supports native restaking on L2s.

  • Degen Chain emerges as top chain by TPS.

This episode is sponsored by Harpie!

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Arbitrum Proposal To Adopt RIP-7212

Arbitrum published a proposal to adopt Rollup Improvement Proposal (RIP) 7212, a new standard for secure and cost-effective signature verifications using the secp256r1 elliptic curve. The standard aims to improve account abstraction by significantly lowering the costs associated with signature verification. The implementation of RIP-7212 lowers the costs associated with passkey-based wallets, which leverage technologies like biometrics and WebAuthn to provide a more user-friendly experience. Polygon PoS was the first network to implement the standard. An initial Snapshot vote will go live to enable RIP-7212 on the Arbitrum Sepolia testnet.

Assertoor Ethereum Testnet Tool

Ethpandaops introduced Assertoor, a specialized tool designed for testing conditions and functionalities on Ethereum testnets. The tool connects to Ethereum clients using public HTTP RPC APIs and manages complex test sequences through YAML-defined playbooks. Assertoor integrates with Kurtosis, which facilitates the creation of local Ethereum networks in a controlled environment. Assertoor pinpoints issues across different Ethereum client implementations and can be used for both periodic testing of client updates and continuous testing on public Ethereum testnets. Ethpandaops is an Ethereum DevOps team that provides tools and resources like performance monitoring for testing protocol upgrades.

EtherFi Native Restaking On L2s

EtherFi, the leading liquid restaking protocol with $3.5 billion in total value locked, now supports native restaking on L2 networks. Users can directly mint EtherFi's weETH LRT on Blast and Mode Network, with planned support for Linea, Optimism, and Base in the coming weeks. Users on Mode network are advised to migrate from the canonically bridged weETH to the natively bridged weETH. The canonical bridged version of weETH on Arbitrum is also set to be phased out in June. The integration leverages LayerZero’s Omni-chain Fungible Token (OFT) standard, which enables the transfer of weETH across various blockchains that are supported by LayerZero.

Degen Chain Hits 37 TPS

Degen Chain, an L3 chain designed for the DEGEN community token, has emerged as the top Ethereum-based chain by transactions per second (TPS) over the last 24 hours, recording an average of 37 TPS. Base follows in second with an average TPS of 30. Built on the Arbitrum Orbit tech stack, Degen Chain settles transactions on Base and utilizes AnyTrust for data availability. Since its launch in late March, the chain has amassed just over $5 million in TVL.

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