Quick Take
Lens Protocol raises $31 million.
Etherscan supports AA tx data.
Ink L2 goes live on mainnet.
Deutsche Bank L2 on ZKsync.
Ink Goes Live On Mainnet
Ink, a Layer 2 network built on the OP Stack by Kraken, has launched on mainnet ahead of its planned Q1 2025 schedule. Users can now bridge to Ink and explore applications on the network. Ink features fast 1-second block times and settles transactions on Ethereum. Kraken, in a move similar to Coinbase with Base, is transitioning its infrastructure onchain to facilitate easier access to DeFi services and to integrate its centralized exchange. As a Superchain member, Ink will adopt interoperability, governance standards, and shared upgrades. It will also allocate a portion of its sequencer revenue to the Optimism Collective.
Lens Raises $31 Million In Funding
Lens Protocol, an open web3 social-graph platform, raised $31 million in a funding round led by Faction. The round included participation from Avail, Circle, Consensys, and others. The fresh capital will be used to boost the development of Lens Network, focusing on integrating social and financial interactions onchain. Lens Network was unveiled in May 2024 as an EVM-compatible Validium chain built on ZKsync’s ZK Stack. The network will launch in three phases, transitioning from Validium to Volition and will process financial transactions in ZK Rollup mode and social transactions in Validium mode. Lens Network is set to launch on mainnet in early 2025.
Etherscan Supports AA Transactions
Etherscan released a beta feature that allows users to browse and identify ERC-4337 user operations, providing access to a list of account abstraction transactions along with detailed information on individual AA bundles and transactions. Account abstraction leverages contracts to enhance both the security and usability of user accounts. For each transaction, Etherscan now displays key details including the AA Transaction Hash, Bundle Transaction Hash, gas fees, gas prices, and the entry points utilized. The Etherscan search bar also supports searches for AA transactions.
Deutsche Bank L2 On ZKsync
Bloomberg reported that German bank Deutsche Bank is developing its own Layer-2 network, known as Project Dama 2, utilizing ZKsync’s ZK stack. The network is a public-permissioned Layer-2 blockchain that includes a secure digital identity system, efficient management of gas fees, and modular smart contracts. The L2 network aims to improve the management, distribution, and servicing of digital assets, while also enhancing regulatory compliance for the bank. The project is currently in a testnet stage.
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