Vitalik On Ethereum L2 Subcultures
Buterin emphasizes that L2s significantly contribute to cultural pluralism, which he views as highly beneficial.
Vitalik outlines Ethereum subcultures.
Polygon integrates Succinct’s SP1 zkVM.
Tim Beiko proposes ACD improvements.
OP Stack supports custom gas tokens.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Ethereum creator, Vitalik Buterin, outlined the relationship between technology and culture within the Ethereum ecosystem. He highlighted three primary subcultures in Ethereum: Cypherpunks, who are dedicated to privacy and open-source development; Regens, who are actively involved in governance experiments and promoting public goods; and Degens, who are primarily motivated by speculation and financial gains. Buterin emphasizes that L2s significantly contribute to cultural pluralism, which he views as highly beneficial for Ethereum. L2s provide platforms for subcultures to thrive, enabling new contributors to gain recognition and succeed based on their performance. Buterin concludes that Ethereum's ongoing success relies on technological innovations and its ability to expand cultural diversity.
Polygon announced plans to use Succinct Processor 1 (SP1), a general-purpose zkVM, for generating pessimistic proofs on the Agglayer. Designed by Polygon, pessimistic proofs are a new type of ZKP that prevents any single chain from compromising the security of the entire Agglayer. The integration will enable secure, cross-chain transactions across chains on the Agglayer. SP1 supports the development of ZKPs using Rust, enhancing code maintainability, auditability, and adaptability. SP1 is built on Polygon's Plonky3 proving system. Pessimistic proofs, SP1, and Plonky3, are released under an open-source license. Succinct plans to release a production-ready version of SP1 next month.
Ethereum core developer Tim Beiko proposed process enhancements to streamline Ethereum network upgrades. For AllCoreDevs (ACD) calls, Beiko recommends introducing review requests to the agenda, requiring core teams to review EIPs asynchronously before calls. He also proposed standardizing breakout rooms with a template. To refine the Network Upgrade Process, Beiko introduced the "Proposed for Inclusion" (PFI) status and suggested renaming the current inclusion list to "Scheduled for Inclusion" (SFI) to provide more clarity on the status of EIPs during upgrades. For the Ethereum Magicians forum, Beiko proposes to onboard new administrators to enhance forum management, revamp forum categories, and improve communication about breakout rooms.
The OP Stack now supports custom gas tokens across L2 and L3 chain deployments. Chain operators now have the flexibility to select any ERC-20 token as the native gas token for their networks. Operators can also sponsor transactions, enabling users to make transactions without requiring them to have the native asset of the chain to cover fees. The new feature is currently in a mainnet beta release.
Galxe introduces Gravity
BlackRock files updated S-1
Ethresear.ch: Big blocks, blobs
OP Season 6 nominations
Chainlink CCIP on Celo
SuperRare joins UMA oSnap
Rainbow integrates Relay
ENS Labs Proposes ENSv2
A proposal to revamp ENS core architecture and extend the protocol to a L2 network.
ENS Labs proposes to extend ENS to L2.
Polygon introduces Pessimistic Proofs.
Lodestar outlines its Ethereum roadmap vision.
Morpho introduces the Morpho Stack.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
ENS Labs introduced ENSv2, a proposal to revamp the core architecture of ENS and extend the protocol to an L2 network. The upgrade aims to address the scalability and cost issues of Ethereum L1. ENSv2 will provide users with improved scalability, reduced gas fees, and enhanced features for managing their domains. The redesign involves replacing the existing flat registry with a hierarchical system where each domain and its subdomains have dedicated registries. Users will still have the option to migrate their domains back to L1 if desired. The ENS Labs team is considering building on zkSync’s ZK Stack, although the L2 of choice is still under discussion.
Polygon introduced Pessimistic Proofs, a new type of zero-knowledge proof that assumes that all connected chains may be unreliable. Pessimistic Proofs are designed to safeguard the Agglayer from potential vulnerabilities on any individual chains. The Agglayer is a network of chains connected to Ethereum through a shared bridge contract. Pessimistic Proofs work by ensuring that no chain can falsely claim deposits or withdraw more funds than have been deposited. The Agglayer performs checks on state updates and internal accounting in relation to the deposits recorded on the chains' L1 contracts. After verifying that all updates are accurate, a pessimistic proof is generated to confirm the legitimacy of all transactions across the bridge.
Lodestar, the Ethereum consensus client managed by ChainSafe, presented a strategic roadmap for Ethereum's development. Lodestar recommends closing the Pectra inclusion list to additional EIPs, aside from CL EIPs 7495 and 7688, in order to deploy Pectra as soon as Q4 of this year. Notably, EOF and PeerDAS would not be included in Pectra. The current Pectra EIP inclusion list features eight proposals, including precompile EIP-2537, historical block hash EIP-2935, supply validator deposit EIP-6110, EL exits EIP-7002, Max EB EIP-7251, and account abstraction EIP-7702. For the Osaka upgrade, Lodestar recommends transitioning all Merkle Patricia Trees (MPTs) to SSZ formats. The strategy aims to avoid extending the implementation timeline by favoring incremental upgrades.
Morpho introduced the Morpho Stack, a new DeFi architecture that merges the benefits of monolithic and modular systems, similar to Polygon's Agglayer. Morpho Blue is at the core of the Morpho Stack, which facilitates the permissionless creation of isolated markets. The stack consists of modular layers, the MetaMorpho risk management layer, and a public allocator for shared liquidity.
Taiko Goes Live On Mainnet
The genesis block was proposed by Vitalik Buterin, featuring a special quote in the block’s metadata.
Taiko goes live on mainnet.
Aerodrome flips UniV3 in 24h volume.
Scroll introduces Economy Deposits.
L2 ecosystem reaches $48 billion in TVL.
Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.
Taiko launched its Based ZK-Rollup on Ethereum mainnet, enabling users to bridge assets and interact with over 10 initial dapps currently live on the network. The genesis block of Taiko was proposed by Vitalik Buterin, featuring a special quote in the block’s metadata. Taiko is built on a Based Contestable Rollup (BCR) architecture, which features a versatile multi-proof system. Based rollups leverage Ethereum block builders for sequencing transactions. Currently, Taiko supports SGX proofs, with plans to support Risc0-zkVM and SP1 zkVM proof systems in the future. In the coming weeks, Taiko will open up its network for permissionless block proposing and proving. Users can currently participate in Taiko’s trailblazer program as part of its second airdrop wave.
Aerodrome, a version of the Velodrome DEX deployed on Base, has outperformed Uniswap V3 in 24-hour trading volume on Base. Over the past day, Aerodrome saw over $200 million in trading volume, surpassing Uniswap V3's $152 million. With a TVL of $728 million, Aerodrome holds more than double the TVL of Uniswap's Base deployment. Aerodrome is part of the Velodrome Superchain, a MetaDEX serving as the liquidity and trading hub for OP Stack chains. Both Uniswap and Aerodrome deployed on Base when the network first went live in August 2023.
Scroll, an EVM-Equivalent ZK-Rollup, integrated economy deposits into its native bridge. The new feature allows users to opt-in for a batched deposit when bridging from Ethereum to Scroll Mainnet. Rather than executing deposits immediately, the system batches multiple deposit requests for up to an hour and then processes them all in a single transaction. The batched transfer saves users up to 50% on gas fees compared to bridging individually. Fast deposits are still available, with deposit times of up to 20 minutes.
The TVL across all Ethereum L2 networks reached a new record of $48 billion, more than doubling in the past five months. Arbitrum One remains the top rollup by TVL with $19.3 billion worth of assets. Optimism and Base lead in second and third place with TVLs of $7.9 billion and $6.9 billion, respectively. Linea, an EVM-equivalent ZK rollup by Consensys, has become the leading ZK-rollup by TVL, outpacing zkSync and Starknet.
Uniswap FND Q1 Financials
Ultra sound flippening tracker
Scroll introduces Keystore
FT considers leaving Base
EigenLayer AVS MicroHacks
Trump vows to commute Ross’s sentence