Research Summary
The report provides a comprehensive roundup of the latest updates and announcements in the Layer 2 and Modular Blockchain space. It covers key developments from various cryptocurrency projects including zkSync, Starknet, dYdX, Loopring, Linea, Scroll, Metis, Polygon, Manta Network, Aevo, Boba, Taiko, Mode, Paradex, Kroma, Kinto, Lyra, Immutable, ApeX Protocol, Sorare, Brine, Dymension, Saga, Vistara Labs, AltLayer, Celestia, and EigenLayer.
Key Takeaways
Rollups and Validium Updates
- zkSync’s Collaboration: zkSync has initiated its zkEVM Bootcamp with Encode Club, marking a significant step in its development journey.
- Starknet’s Progress: Starknet has launched its Infrastructure hackathon and released updates regarding its testnet migration to Sepoli. It also introduced the Starknet Session Key.
- dYdX’s Innovation: dYdX has released a new architecture to mitigate Miner Extractable Value (MEV), showcasing its commitment to enhancing user experience and security.
- Immutable’s Community Engagement: Immutable has released a contributor form for users willing to contribute to its ecosystem, indicating its focus on community involvement and growth.
Project Milestones and Developments
- Metis’s Anniversary: Metis celebrated its 2-year anniversary since its Mainnet launch, marking a significant milestone in its journey.
- Paradex’s Trading Volume: Paradex reached a trading volume of $1 billion, demonstrating its growing popularity and usage in the crypto market.
- Kroma’s Upgrade: Kroma announced the execution of its smart contract upgrade, indicating its continuous efforts to improve its platform’s functionality and security.
- Lyra’s New Feature: Lyra V2 introduced portfolio margin, showcasing its commitment to providing advanced trading features to its users.
Partnerships and Collaborations
- AltLayer’s Partnership: Celer announced its partnership with AltLayer, highlighting the importance of strategic collaborations in the blockchain space.
- Movement Labs’ Initiative: Movement Labs announced Move, the first Move VM-based L2 for Ethereum to use Celestia DA, showcasing its innovative approach to enhancing Ethereum’s scalability.
Community Engagement and Events
- Loopring’s Ambassador Program: Loopring released an update on its Ambassador Program, emphasizing its focus on community engagement and growth.
- Sorare’s Collection Event: Sorare’s collection event went live, showcasing its efforts to engage its user base and foster community participation.
- Brine’s Trading Competition: Brine announced its trading competition “Trade Rush”, indicating its efforts to stimulate user activity and engagement.
Actionable Insights
- Monitor Project Developments: Keep an eye on the ongoing developments and updates from various projects like zkSync, Starknet, dYdX, and others. These updates often provide insights into the project’s future plans and potential growth.
- Engage with Community Initiatives: Participate in community initiatives such as Loopring’s Ambassador Program and Sorare’s collection event. These initiatives often provide opportunities to contribute to the project’s growth and gain firsthand experience.
- Research the Potential of Partnerships: Investigate the implications of strategic partnerships like the one between Celer and AltLayer. Such collaborations can significantly impact the involved projects’ growth and the broader blockchain ecosystem.
- Understand the Impact of New Features: Study the impact of new features like Lyra’s portfolio margin on the user experience and the project’s competitive positioning in the market.
