Research Summary
The report discusses Avail, a project that aims to unify the Web3 ecosystem by providing a data availability layer for rollups. Avail recently raised $27M in funding and is set to enhance the scalability, interoperability, and security of blockchain networks.
Key Takeaways
Avail’s Role in Unifying Web3
- Unifying Rollups: Avail aims to unify all rollups, offering a data availability (DA) layer, thanks to ZK technology and KZG Polynomial commitments. This could lead to faster transactions, lower costs, and a smoother user experience.
- Avail’s Trinity: The Avail trinity that makes this unification possible includes Avail DA, Avail Nexus, and Fusion Security. These components work together to provide scalability, unification, and security.
Avail’s Impact on Scalability
- Supercharging Ethereum Throughput: Avail reduces congestion by giving rollups a dedicated data availability layer for transaction data. This enables much higher throughput on Ethereum itself by taking load off the main chain.
- Expandable Blockspace: Avail has a novel expandable blocksize model based on validity proofs and data sampling by light clients. As more devices run these light clients, the collective network can support larger blocks.
Avail’s Contribution to Decentralization and Interoperability
- Cross-Ecosystem Portability: Developers can build chains on various rollup stacks and still use the Avail Network for data storage and availability sampling. This rollup-chain portability creates a common foundation for interoperability.
- Reduces Centralization Risk: Light clients eliminate the single point of failure by enabling users to verify data availability directly. This on-device verification unlocks true decentralization.
Avail’s Cost-Effective Solution
- Lowers Costs for End Users: Storing data availability directly on Ethereum is expensive, making apps cost-prohibitive. Avail offers 90% savings over native fees, unlocking cheaper dApps that mainstream users can afford.
Actionable Insights
- Explore Avail’s Potential: Given Avail’s potential to enhance scalability, interoperability, and security of blockchain networks, stakeholders should explore its offerings and consider its implications for the future of Web3.
- Consider the Impact of Avail’s Trinity: The Avail trinity (Avail DA, Avail Nexus, and Fusion Security) could significantly impact the blockchain ecosystem. Stakeholders should consider how these components could affect their operations and strategies.
- Assess the Cost-Effectiveness of Avail: With Avail offering 90% savings over native Ethereum fees, stakeholders should assess the cost-effectiveness of this solution for their dApps and blockchain projects.
