Superseed Joins The Superchain
A DeFi-focused protocol built on the OP Stack that will allow users to lock assets as collateral to mint and borrow the Superseed stablecoin.
Superseed joins the Superchain.
Securitize supports USDC to BUIDL conversions.
Offchain Labs release an Arbitrum Orbit roadmap.
Towns launches its messaging app on Base.
Superseed, a DeFi-focused protocol built as an OP Stack Layer 2, has joined the Superchain. Superseed features a native collateralized debt position system called SuperCDP, which allows users to lock assets such as ETH, WBTC, and the Superseed token as collateral to mint and borrow the Superseed stablecoin. Superseed offers interest-free, self-repaying loans, funded by the protocol’s revenue streams such as sequencer profits. As part of the Superchain, Superseed will follow shared standards, shard upgrades, and contribute a portion of its sequencer revenue to the Optimism Collective. Superseed is currently live on testnet.
Securitize, the tokenization provider for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), now supports USDC conversions for investments into the fund. The integration leverages Zero Hash to allow investors to maintain their entire investment process onchain. BlackRock's BUIDL Fund offers onchain access to U.S. Treasury bills, maintaining a stable $1 per token value and distributing monthly dividends. Since its launch in March 2024, BUIDL has facilitated over $550 million in issuance.
Offchain Labs released an update on the progress, vision, and future roadmap for Arbitrum Orbit, a tech stack designed for building customizable L2 and L3 chains. The team is focusing on expanding gas token options, bringing the Timeboost Transaction Ordering policy to mainnet, and implementing the Bounded Liquidity Delay Protocol (BoLD) to enhance decentralization and security. Additionally, Offchain Labs is developing Layer Leap, a feature that will allow users to transfer funds directly from Ethereum to L3 Orbit chains in a single transaction. Looking ahead, longer-term plans include native USDC support, fast withdrawals, chain mesh, and alternative client implementations. Most updates are expected to roll out gradually throughout 2025.
Towns launched its permissionless group chat app on Base, now available on both web and iOS. Positioned as an onchain alternative to Discord, Towns enables communities to create and control their own communication spaces. Key features include token-gated memberships, end-to-end encryption, and monetization options. The app is built on the River Protocol and uses Privy for embedded wallet onboarding.
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Vitalik On The Future Of Ethereum
Vitalik emphasized the need for single-slot finality and a lower minimum staking requirement for solo staking.
Vitalik outlines future improvements for Ethereum.
Base becomes the largest rollup by TVL on protocols.
Ethereum creator Vitalik Buterin published a blog post discussing potential improvements to Ethereum’s proof-of-stake (PoS) system, focusing on both technical and economic challenges. He emphasized the need for single-slot finality and a lower minimum staking requirement, noting that the current 32 ETH minimum is the main barrier preventing wider solo staker participation.
Buterin proposed achieving single-slot finality (SSF), which would allow blocks to be finalized within a single 12-second slot, and reducing the staking requirement to 1 ETH to encourage more solo stakers. Currently, block finality takes 2-3 epochs or about 15 minutes. To address the challenges of validating a large number of transactions and operational costs for validators, Buterin suggested three potential solutions:
The first is using ZK-SNARKs to process millions of signatures efficiently. The second is implementing Orbit Committees to reduce overhead by selecting a random subset of validators to finalize each block. And third, is introducing a two-tiered staking system where higher-tier stakers provide finality while lower-tier stakers participate in other roles.
Base has become the largest rollup by total value locked (TVL) across protocols on the network. According to Defillama, Base now holds $2.5 billion in assets locked across 366 protocols, surpassing Arbitrum’s $2.4 billion in TVL. Data from GrowThePie also reveals that Base leads in active addresses, with approximately 1.5 million users. Launched by Coinbase in August 2023, Base has gained traction, overtaking OP Mainnet in TVL within its first year. Recently, the network has maintained a throughput of 70 transactions per second (TPS) and achieved a new high of 6 million daily transactions.
Blob Increase Optimization Proposal
A proposal to increase the blob target to 5 and the maximum blob count to 8 on Ethereum, with a focus on ensuring that local block builders have adequate upload bandwidth.
Ithaca raises $20 million for its L2 project.
Proposal to optimize for blob target increase.
Dune will support data for World Chain.
Base refreshes its website.
Ethereum community member Francis Li has shared a proposal to increase the blob target to 5 and the maximum blob count to 8 on Ethereum, with a focus on ensuring that local block builders have adequate upload bandwidth to support the increase. The proposal suggests three key optimizations to achieve this goal.
The first is the implementation of engine_getBlobsV1, an extension to the execution APIs that enables nodes to directly retrieve blobs from the execution layer, minimizing reliance on the Consensus Layer for data distribution and reducing upload bandwidth requirements. The second recommendation is to disable flood publishing, which would reduce the need to broadcast data to every peer.
Lastly, the proposal suggests adopting the IDONTWANT protocol, a feature of the libp2p networking stack that allows nodes to signal to their peers not to resend specific messages, thus cutting down on redundant network traffic. According to the proposal, the optimizations make the increase to a 5 target / 8 max blob configuration feasible.
Ithaca, a new spin-off project from Paradigm, raised $20 million to build a crypto technology stack that includes its own Layer 2 network built on the OP Stack, developed with Reth and Conduit. Coined as Odyssey, the L2 network is now live on the Sepolia testnet and supports features like EOF, EIP-7702, EIP-2537, and RIP-7212. Georgios Konstantopoulos, Paradigm's CTO, will lead Ithaca as CEO. Contributors and maintainers of open-source projects like Reth and Foundry are also part of the Ithaca team. Ithaca aims to accelerate crypto adoption by focusing on smart wallet development, including chain and bridging abstraction features.
Dune Analytics, a platform for querying blockchain data using SQL, announced plans to support World Chain, an identity-focused L2 network built on the OP Stack. Support will go live once World Chain goes live mainnet. Dune will provide tools for creating visualizations and analyzing onchain identity data specific to World Chain. World Chain will power the Worldcoin protocol, which currently operates on OP mainnet. The network will give priority block space to wallet addresses that are verified through World ID's Proof of Personhood credentials, aiming to reduce spam and bot activity. Nearly 7 million users have verified their World ID with a Worldcoin Orb.
ACDC #198 summary
ePBS Breakout #11 notes
TEE is a trustmebro model
Blobs market will eventually saturate
Base maintains 70 TPS
Webhash launches a Genesis Pass
Optimism vs Arbitrum comparison