L2BEAT is an open-source, public-good analytics and research platform dedicated to L2 scaling solutions 💗
Layer 2
- Tweets 2,821
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- Followers 42,466
- Likes 2,764
Two rollups walk into a bar. The barman asks: "Can I see your ids?". ZK Rollup says: "I can prove to you I'm over 18, but I won't show you my id". Optimistic Rollup says: "If nobody can prove I'm underage in 7 days that means I'm over 18"
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Aaaand the first L2 to use blobs is @zksync! 👏
More projects to follow in the coming days - remember to check our new DA tab for updates!
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🚨 Major shakeup in Ethereum’s Layer 2 ecosystem: dYdX v3, a long-standing decentralized exchange, has shut down, leaving over $70M in user funds not withdrawn.
What happens to assets on an L2 when it stops, and what role does L2BEAT play? 🧵👇
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🌟 Introducing BYOR (Build Your Own Rollup) 🌟
We're beyond thrilled to unveil our new tool: BYOR - a gateway to sovereign rollups, stripped down to the core for a better understanding of the rollup magic! ✨
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The wait is over! 🙌
Today, we’re excited to launch DABEAT - your go-to platform to explore Data Availability layers, essential for ensuring user access to L2 transaction data.
Maintained by L2BEAT team, DABEAT helps you assess the unique risks across the growing DA landscape.
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No longer just TPS! ✊
Activity tab now shows User Operations per second (UOPS) and Transactions per second (TPS)!
What are User Operations, and why does this shift matter? 🧵👇
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Is this modern art 🎨 or has L2BEAT added more charts breaking down the TVL by token type 📈? You decide - l2beat.com 😜
ALT A list of projects on L2BEAT in a table with a new column called Breakdown showing the distribution of TVL by token type.
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Congratulations to Arbitrum One for making history as the first rollup to surpass Ethereum mainnet in daily transaction volume!
We're eager to see more Layer 2 projects follow in their footsteps and continue to push the boundaries of scalability.
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L2BEAT Recategorisation is LIVE! 🔀
This is the biggest update to our framework yet - redefining what it truly means to be an Ethereum L2.
130+ projects re-evaluated. New standards. Clearer definitions. Higher expectations.
Here’s what changed - and why it matters 👇
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Glad to report that all 6 rollups affected by the recent Stage 1 requirements changes have performed the necessary upgrades and are now fully compliant. That includes:
- @base
- @Optimism
- @unichain
- @Scroll_ZKP
- @inkonchain
- @KintoXYZ
Now onwards to Stage 2! 🫡
In <7 days, all Stage 1 rollups not meeting new Security Council requirements (announced 6 months ago) will be downgraded to Stage 0
Good news - @Optimism, @base, @unichain, @Scroll_ZKP, @inkonchain, @KintoXYZ are all working on required fixes
Let’s see who makes it in time 👀
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Another ZK Rollup joins the Stage 1 squad - Starknet! 💗
With this update, the top 5 rollups by TVS on L2BEAT are now Stage 1!
What changed? 🤔👇
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Scroll is now Stage 1 on L2BEAT! 💗
Congratulations to the entire Scroll team for becoming the first universal-purpose ZK rollup on L2BEAT! 👏
What exactly changed? 🤔👇
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Our research team kicks 2023 off with another security experiment. Read the full article here medium.com/l2beat/circumvent… or a summary below 🧵👇🏻 /1
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We're happy to announce that we'll be building a State Explorer for dYdX in collaboration with @dydxprotocol and @StarkWareLtd 🎉 1/5
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On August 16, OP Mainnet effectively disabled the fault proof system as part of a bug fix. The project has been set to Under Review as we further assess the situation. Given the unprecedented nature of this procedure, here are a few important comments and considerations 👇
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@arbitrum has experienced hockey stick 🏒 growth, up 2785% over the past 7 days 🤯 with a ton of money flowing in since the public release. Way to go! l2beat.com/projects/arbitrum…
ALT A chart showing Total Value Locked in the Arbitrum One rollup. Values for the last two days are many multiples higher than those recorded previously.
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ZK Catalog just got a major refresh!
We’re introducing a public framework to evaluate trusted setups of ZK proving systems across L2-related applications.
Goal: make hidden trust assumptions explicit, set clear standards & make it the go-to reference for our ecosystem. 🧵👇
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We are proud to announce Layer Two Amsterdam 🚀, a two day technical conference dedicated to L2 Scaling on #Ethereum. It will take place on April 19-20 as part of @EFDevconnect amsterdam.l2beat.com/
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.@donnoh_eth just announced our new feature during our talk at @L2DAYSxyz! 🫡
Our brand-new Liveness page is officially live and will provide you with real-time insights on rollups’ batch submissions and state updates!
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That's why we've built dydx.l2beat.com/ which allows you to trustlessly exit, completely circumventing the official UI.
I have an open position at @dydx. And today, I saw this message. My address never interacted with Tornado cash, nor I'm a citizen of any restricted country.
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We are ending 2024 with a bang! 💥
Introducing the “Others” category, a new classification group that includes those projects that lack a proof system, or fall short of sufficient DA guarantees.
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We are not losing momentum this week - Base is now Stage 1 on L2BEAT! 💗
2025 is truly the year of Stage 1 rollups!
What does it mean for Base? 🤔👇
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With EIP4844 approaching, we decided it’s a good time to extend the information we provide and introduce a brand new page for the Scaling solutions - Data Availability (DA)!
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We're proud to release 🔥 L2BEAT Bridges 🔥 - our new dashboard for bridges connecting Ethereum to other chains. l2beat.com/bridges/tvl
There's a lot to unpack so let's jump right in 🧵👇
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A fundamental trilemma seems to affect optimistic rollups, making it impossible to design safe systems with fixed delays that are simultaneously protected by a 1-of-N honest assumption - we analyzed it in our latest article! 👇
medium.com/l2beat/fraud-proo…
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With the rise of @bobanetwork and @MetisDAO L2BEAT now lists 3 instances of the @optimismPBC code base 👩💻 All of them are now clearly marked on our page with an 𝙊𝙋
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Excited to launch the ZK Catalog, an initiative that kickstarts ZK circuit verification in blockchain projects.
This marks the start of a wider initiative aimed at boosting transparency and trust in Zero-Knowledge systems.
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Because of the recent @MetisDAO upgrade we're changing Metis' classification from "Optimistic Rollup" to "Optimistic Chain". Read on to learn more 🧵👇
l2beat.com/
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Meet the newest addition to our website - Finality! 🏁
Now you can see the average time it takes for an L2 transaction to be finalized ✅ on the L1.
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Risk Rosette upgrade for Base! 🔵
Our team has completed the review of @base's latest upgrade, updating its State Validation and Proposer Failure risk slices to green 🟢!
However, the system remains at Stage 0!
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🚨 Warning: @kroma_network is shutting down on June 30!
There’s still $2.48M sitting on the chain - and after the deadline, those assets will be unwithdrawable (yes, gone).
If you’ve got funds there, withdraw ASAP!
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L2BEAT is hiring! We're looking for:
• ZK Researcher – dive into emerging ZK projects & craft new frameworks
• L2 Researcher (Interop) – dissect Ethereum L2s & interoperability projects (Layer0, HyperLane, Wormhole)
👇 More details & how to apply:
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OP Mainnet 🔴 is now Stage 1!
Following the latest update to their architecture, @Optimism is now marked green in both the State Validation and Proposer Failure sections of our Risk Rosette and moved to Stage 1.
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Please give a warm welcome 🤗 to @StarkWareLtd's StarkNet, finally on L2BEAT 🎆:
l2beat.com/projects/starknet…
Note that the TVL is zero, because there aren't any bridges deployed yet
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Following the recent rise of @Blast_L2, we've decided to add it to our upcoming projects on our website, despite its whopping $87M TVL. We wanted to explain our decision.
To the best of our knowledge, Blast is an upcoming rollup set to launch in Q1 2024 (according to their website).
The contract with $87M TVL, despite its name (LaunchBridge), is not actually a Rollup Bridge. It's a simple escrow contract guarded by a 3/5 MultiSig.
To be listed on the L2BEAT page, a system needs to post L2 data (tx data or state diffs) and the L2 state roots to L1.
Additionally, the L2 state root must be accompanied by a validity proof, or there must be a fraud proof mechanism (even if it's in the works - see our Stages framework).
Again, to our knowledge, no such functionality is available in Blast (yet), hence no listing on a main page. However, we are open to adding it in the future if they implement these features.
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Today is the day.
In 17 hours, L2BEAT’s Recategorization - our biggest framework update yet, first revealed at Devcon - goes live.
To stay listed as L2s, projects must meet higher standards - including working open proof systems or properly set up DA bridges.
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🚀 Introducing DA Throughput on L2BEAT!
Today, we're launching a new section tracking throughput across Ethereum blobs, Celestia, and Avail. 🧵👇
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New active L3 project on L2BEAT! 💗
Introducing @XAI_GAMES - an Optimium based on Arbitrum Orbit, developed by @offchain, focused on real economies and open trade in blockchain-based video games! 🎮
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First change of 2025 on L2BEAT - TVL is now TVS!
Why did we rename it?
The term TVL (Total Value Locked) is often associated with value locked in DeFi projects or, more generally, in some smart contracts.
When we started, we only tracked the value locked in canonical bridges. However, as we expanded our scope to include externally bridged and natively minted assets - assets that are not necessarily locked - we decided to rename the metric to Total Value Secured (TVS).
This change better reflects the broader scope of assets we track, i.e., all assets managed in some form by the project.
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We’re going to make risks personal! 😤
Our CEO @PiotrSzlachciak just showcased our newest upcoming product – L2BEAT Insight! 🔍
Soon, you’ll be able to check the risks of your entire portfolio across all L2s. Drop by our booth during Devcon to try out the demo!
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Worth noting: @arbitrum and @Starknet are already fully compliant Stage 1 rollups ✅
No action needed from them for this framework update 🫡
In <7 days, all Stage 1 rollups not meeting new Security Council requirements (announced 6 months ago) will be downgraded to Stage 0
Good news - @Optimism, @base, @unichain, @Scroll_ZKP, @inkonchain, @KintoXYZ are all working on required fixes
Let’s see who makes it in time 👀
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This is where L2BEAT comes in. We created an open-source StarkEx Explorer with a user-friendly interface to access the Escape Hatch.
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Congrats to @sophon for being the first project on L2BEAT to integrate with @AvailProject's bridge Vector!
This means we can finally make this sad smiley happy and Sophon users have one less trust assumption to worry about.
What's a DA bridge? 🤔👇
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1) Starting today we decided to mark projects with unverified contracts red 🟥 to warn anyone about the danger of interacting with such code.
l2beat.com
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New reviewed project on L2BEAT! 💗
Introducing @unichain - First universal rollup that launched as Stage 1 🔥, aimed at becoming liquidity and DeFi hub for other L2s.
Full analysis of the project in the following tweets 🫡
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🚨 One of the biggest updates on L2BEAT just dropped: Ecosystem Pages!
Months in the making with our Partnership Fund partners - now live, packed with everything you need to know about the Ethereum scaling ecosystems.
Buckle up as we go through it all! 👇
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All blockchains are terminally ill with scaling. Most never mention it and live like there's no tomorrow. Ethereum takes the L2 pill 💊
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Happy to list zkSync 2.0 as after many months of development they launched on Mainnet 🥳.
The current „baby alpha” version is for internal tests only, but we believe it’s a huge milestone 💚.
We are looking forward to the @zksync team removing the whitelist restriction 💗.
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Risk Rosette upgrade for ZKsync Era! (∎, ∆)
Our team completed the review of the new upgrade by the @zksync team and updated their Proposer Failure Risk Pie slice to yellow 🟡!
Detailed thread explaining why, despite earnest efforts, the system is still at Stage 0 below. 🫡
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New project now on L2BEAT! 💗
Introducing @Scroll_ZKP 📜 - ZK rollup launched on October 17th, 2023.
See our infographic below for details! 👇
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Drumroll, please! 🥁
We just launched a significant improvement to our new Liveness page - apart from insights on transaction data submissions and state updates, we’re now tracking proof submissions for ZK Rollups! 🌟
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We will be here to provide you with unbiased info on which of all the L2s truly reach Stage 1 and Stage 2! 🫡
I take this seriously. Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+, with *maybe a short grace period* for new genuinely interesting projects.
It doesn't matter if I invested, or if you're my friend; stage 1 or bust.
Multiple ZK-rollup teams have told me they're on track to be stage 1 by year end. I'm excited to see that happen!
Of course we should not throw away training wheels become we're actually confident that the proof systems are secure; that would be irresponsible. But stage 1 (75% threshold on council to override the proof system, 26%+ of council must be outside the rollup team) is a very reasonable moderate milestone. The multisigs I'm in have not had a single liveness failure in years, let alone 26%.
The era of rollups being glorified multisigs is coming to an end. The era of cryptographic trust is upon us.
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New Risk Rosette update! 🏵️
We’ve just updated the Upgradeability column into the Exit Window column!
The exit window addresses the question: in the event of an unwanted (potentially malicious) upgrade, how much time is available for users to exit before the upgrade is executed?
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New TVL framework on L2BEAT! 📈
We have adapted our methodology to account for L2 tokens that do not originate from Ethereum. Some are bridged from other chains, some are native to L2s.
Check out our new approach 👇
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Exciting opportunity at L2BEAT! 💗
We're seeking an L2 Researcher who will collaborate daily with our top-tier Ethereum experts, placing you at the heart of the latest developments in this field!
Apply here 👉 l2beat.notion.site/L2-Resear…
🔍 Your Role:
- Investigate and analyze active/upcoming L2 projects
- Study their architectures & data landscapes
- Enhance our collective knowledge in the sector
🌟 Ideal Candidate:
- Active follower of L2BEAT with a commitment to transparency, honesty, and integrity
- Extensive knowledge in blockchain technology
- Familiar with key L2 technologies like OP stack, Arbitrum Nitro, Polygon CDK, etc.
Become a part of our journey towards a more transparent and secure L2 space! 🙌
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With the recent launch of their token @bobanetwork finds itself as the #3 largest L2 currently on mainnet. Learn more at l2beat.com/projects/bobanetw…
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Shoutout to the Linea team - now running a proof system and verifier that proves 100% of the Linea zkEVM. 🫡
No more stress about recategorization for them (happening in just 8 days)!
Today, after six years of R&D, Linea has achieved a world-first with prover completeness: We are the first zkEVM to directly prove 100% of EVM execution through our zero-knowledge proofs.
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Another Stage 2 🟢 rollup on L2BEAT! 💗
Introducing @0xFacet - based rollup built on OP-Succinct using based sequencing and multi-bridging.
How does it work? 👇
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Risk Rosette upgrade for Arbitrum One! 💙
Our team completed the review of @arbitrum's new upgrade and updated its Exit Window Risk Pie slice to yellow 🟡!
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Less than 3️⃣ days until L2BEAT’s recategorisation!
⚠️ Over 105 projects will be moved to the "Others" section - losing their status as an L2 for the time being.
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ETHCC is no excuse to stop shipping 🚢 - introducing Badges 🎖️, a new feature focused on highlighting the unique aspects of every single L2!
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Future path of Ethereum scaling, how currently systems will grow, new technologies that are likely to evolve, what will happen as traffic on Ethereum-based systems increases massively... Ed Felten, co-Founder of @offchain, is a speaker you don't want to miss!
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Wen L3BEAT? Now! 🫨
We have added TVL count to the already existing metrics like Activity for L3 projects on our website.
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With EIP 1559 live, would you be interested in seeing the amount of ETH burned by each L2? 🤔
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Ever wondered what the top 10 L2 projects would look like without taking their associated tokens into account?
Wonder no more! 🫡
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Kinto is now Stage 1 on L2BEAT! 💗
For the past 6 months, we've had extensive discussions with the Kinto team, trying to apply our stages framework to a Rollup with native KYC enforcement for all users.
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We have just released another big update to our site: Activity, which is all about transactions
l2beat.com/scaling/activity
Learn more below 🧵👇
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Ethereum’s scalability roadmap continues to evolve - from sharding, to a rollup-centric vision and now toward something even more ambitious: native rollups.
In a joint article by @nethermind & @L2BEAT, we present how native rollups aim to reshape Ethereum.
Link below 🔗👇
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Today we’re excited to unveil our most forward-looking design update yet – liquid glass is coming to L2BEAT.
As we align with emerging design trends, we believe rollups should start aligning too – at least to Stage 1. 😉
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Since 2021 L2BEAT has relied on grants + donations to stay credibly neutral while providing transparent insights into Ethereum rollups.
But scaling the team & covering the expanding rollup ecosystem required a sustainable model.
Today, we’re introducing the Partnership Fund 🧵
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Introducing the new StarkEx Explorer for @dYdX!
We've revamped the experience to be more user-friendly, faster, and intuitive than ever before 🔍💗
Check out the thread for all the exciting details! 🧵👇
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Brand new tab on L2BEAT - meet Costs 🪙, providing in-depth insights into the security investments of rollups on Ethereum.
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New project now on L2BEAT! 💗
Introducing @ZKFCommunity - a universal-purpose Polygon CDK Validium, utilizing a DAC for data availability, launched on December 20, 2023.
See our infographic below for details! 🔍
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L2BEAT just got a fresh new look! ✨
We're excited to announce some updates to improve your experience on the website!
Let's dive into what's new:
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Another L2 is coming back from the “Others” section straight into the "Rollups" section! 💗
BOB (@build_on_bob) has integrated @RiscZero Kailua proof system, becoming a Stage 0 Optimistic Rollup!
Not sure what Kailua is? We’ve got you covered 👇
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The combined TVL of all L2 solutions has surpassed ✨ $10 billion ✨ experiencing a noteworthy increase in the last week.
Recognition is due for all projects involved - established players and newcomers alike!
For more details visit 👉🏻 l2beat.com/scaling/tvl
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🥁🥁🥁... and a new 🥇 of our TVL ranking is @arbitrum!
Fun fact: Arbitrum grew from ~$1.5M to ~$1.5B TVL in just around two weeks 🤯🤯🤯
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First L2 returning from the "Others" section in less than 24 hours after our recategorisation!
Lens Chain (@LC) integrated with Vector, the @AvailProject Ethereum DA bridge and is back to being listed as a Validium!
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New reviewed project on L2BEAT! 💗
@Celo - an Optimium based on the OP Stack that has migrated from L1 to Ethereum L2 via a recent hardfork.
Full analysis below 🫡👇
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We're excited to finally share with you the rollup explorer and force exit tool that we've built for @dYdX
dydx.l2beat.com
Learn more 🧵👇
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You send a transaction on a rollup and see on the corresponding explorer that there is a green badge ✅ next to it. But what does it mean? 🤔
In this article by @donnoh_eth we explore the problem of tracking transaction finality for rollups!
🔗 medium.com/l2beat/tracking-t…
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It’s time to DISCOver 🪩 every secret of L2 architecture!
Our in-house evaluation tool is now open to everyone - shine a light on contract graphs, source code and key interactions in a UI built specifically for the job.
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New section dropped in DABEAT: Liveness 🚨
It shows how actively different DA layers are posting their data availability attestations to Ethereum - and whether they stick to their usual schedule.
What’s inside? 👇
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You asked, we listened – and delivered! 💗
DABEAT now provides detailed coverage of Ethereum DA.
Check out the full analysis below! 🫡
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Shoutout also to @StarkWareLtd for their STARK Stone proving system for Cairo programs, which requires no trusted setup and introduces no additional trust assumptions! 🤩
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One thing about our industry - we sure like to come up with complicated new names for everything, which causes a lot of confusion for newcomers.
Not anymore - introducing the L2BEAT Glossary 📖, your go-to place for detailed explanations of all Ethereum-related terms.
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Exciting news for the ZK Stack builders!
We’re looking forward to seeing Atlas on mainnets ⚡️
Soon after, Airbender will make its way to the ZK Catalog!
Incorruptible Finance is now real-time.
Introducing the Atlas upgrade for the ZK Stack:
✦ 15K+ TPS sequencer
✦ 1-second ZK finality via Airbender
✦ $0.0001 proving cost per transfer
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Welcome @MetisDAO to L2BEAT 🎊! Big thanks to the Metis team for helping with the PR and answering our questions. l2beat.com/projects/metis/
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1/ 📢 New on L2BEAT - Monthly Updates!
Each month we’ll publish a roundup spotlighting our partner ecosystems & projects - covering TVS, activity, and the major news that shaped the scaling landscape.
Here’s what defined the ecosystem in September 👇
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First active L3 project on L2BEAT! 💗
Introducing @DeriProtocol - Optimistic rollup deployed on Arbitrum One utilizing Arbitrum Orbit technology, focused on DeFi.
See our infographic below for details! 🔍
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