Quick Take

• Coinbase raises gas limit on its validators.

• Swellchain goes live on mainnet.

• EigenLayer awards 1m EIGEN to AltLayer.

• Mantle transitions to ZK with Succinct.

Coinbase Raises Gas Limit To 36m

Coinbase has increased the gas limit on its validators to 36 million, aligning with recent discussions within the Ethereum community about increasing the limit to enhance network capacity. Discussions have been active since early this year, with client teams supporting the increase in recent weeks. According to data shared by Toni Wahrstätter, 10% of validators signal a gas limit greater than 30 million. Raising the block gas limit allows each block to contain more data, which improves transaction throughput. An increase of 10 million gas could reduce Layer 1 transaction fees by an estimated 15-33%. The adjustment does not require a hard fork; validators can implement the change simply by modifying their node configurations.

Swellchain Goes Live On Mainnet

Swellchain, a restaked rollup built on the OP Stack, is now live on mainnet. Coined as a central hub for restaked assets, Swellchain implements Proof of Restake, a mechanism that uses Swell's liquid restaked assets to secure both EigenLayer AVS and Symbiotic Networks. The rollup's launch features two AVS: Ditto Automation, which ensures secure automation via its Keeper network, and Hyperlane, which facilitates asset interoperability. Swellchain's initial partners include Ethena, EigenLayer, Symbiotic, Renzo, Kelp, and EtherFi. Swell is allocating a pool of SWELL tokens to USDe holders and Ethena liquidity providers on the network. 31 million SWELL tokens are also allocated for early users who bridge o the rollup. Swell Network currently has a total value locked (TVL) exceeding $1.4 billion.

EigenLayer Awards 1m EIGEN To AltLayer

EigenLayer awarded AltLayer a retroactive grant of 1 million EIGEN tokens in recognition of their contributions to the EigenLayer ecosystem. As a rollup-as-a-service provider, AltLayer has played roles as an AVS builder, operator, and technology contributor. AltLayer pioneered the restaked rollup framework. The framework incorporates decentralized sequencing, verification, and fast finality into Actively Validated Services (AVS) on EigenLayer. AltLayer has decided to allocate the entire grant to its community. The initial 500,000 EIGEN tokens will go to holders of reALT tokens. The distribution of the remaining tokens will occur after the introduction of EigenLayer's V2 reward mechanism.

Mantle Transitions To ZK With Succinct

Mantle, an optimistic-based network promising low fees and high-security guarantees, is shifting to a ZK-based proof mechanism by integrating Succinct’s zkEVM framework and SP1 technology. SP1 is a versatile zkVM designed for fast and cost-efficient zero-knowledge proof generation. Mantle will maintain full EVM compatibility. Using EigenLayer for its data availability, Mantle functions similarly to a Validium by processing both computation and data storage offchain. Mantle has over $2.2 billion in TVL.

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