Research Summary
The report provides a comprehensive roundup of the week’s updates and announcements on all Layer 2 protocols listed on L2BEAT. It covers developments in various Layer 2 protocols such as Arbitrum, Optimism, zkSync, Starknet, dYdX, Immutable X, Linea, Metis, Espresso Systems, Caldera, and Fairblock. The report also offers strategic insights into potential investment opportunities in the Arbitrum Ecosystem.
Key Takeaways
Layer 2 Protocol Updates
- Arbitrum: The report highlights the live voting for the second round of the Arbitrum security council election.
- Optimism: Optimism’s season 5 governance guide has been released, and the OP stack fault proof is now live on the Goerli testnet.
- zkSync: The zkSync Era competition audit is live on Code4rena, with $1.1M at stake.
- Starknet: Starknet has released its open-sourced projects.
- dYdX: dYdX is transitioning from a rollup chain to an app chain.
Layer 2 Protocol Roadmaps and Proposals
- Immutable X: Immutable X has released its roadmap on its zkEVM vision.
- Linea: Linea has shared insights on Verax, its on-chain attestation registry.
- Metis: Metis has passed its proposal to move DA back to Ethereum.
- Caldera: Caldera now supports Arbitrum Stylus and has launched the Vienna Network on Devent, an Optimistic Rollup using Espresso Shared Sequencer.
Investment and Funding
- Fairblock: Fairblock has raised $2.5M to enable fully blockchain transactions.
Arbitrum Ecosystem Insights
- Arbitrum Incentives DAO: The report suggests that the Arbitrum Incentives DAO will attract more inflows into the Arbitrum Ecosystem, leading to more liquidity.
Investment Strategy
- Investment Strategy: The report suggests buying protocol tokens earlier as the end date for the grant is 13th October, focusing on Natively Arbitrum Protocols with low MC.
Actionable Insights
- Investigate the Potential: Consider the potential of Layer 2 protocols, particularly those with low market capitalization and native to the Arbitrum Ecosystem.
- Monitor Developments: Keep an eye on the developments in Layer 2 protocols, as they can provide insights into potential growth areas.
- Consider Timing: The report suggests buying protocol tokens earlier, indicating the importance of timing in investment decisions.
