Research Summary
The report provides a comprehensive roundup of the latest developments in the Layer 2 and Modular Blockchain space for the week of 10th – 16th December. It covers updates from various blockchain projects including dYdX, Loopring, Linea, Scroll, Manta, Taiko, Mode, Kroma, Kakarot, Lyra, Kinto, Morph, Ten, ZKM, rhinoFi, Eclipse, Saga, Conduit, AltLayer, Gelato, Avail, and Espresso.
Key Takeaways
Rollups and Validium
- dYdX’s Migration: The decentralized exchange dYdX announced its decision to shut down its exchange services as it migrates to Sepoli.
- Loopring’s Ambassador Search: Loopring, a Layer 2 scaling solution, is on the lookout for Twitter Ambassadors to expand its community outreach.
- Linea’s Integration and Launch: Supra integrated its Verifiable Random Function (VRF) into Linea, which also launched Waves 9 and 10 of its DeFi Voyage.
- rhinoFi’s NFT Drop: rhinoFi, a Validium solution, launched its NFT drop on Linea and a limited edition SPOK for Argent Starknet Bridgers.
Protocol Upgrades and Implementations
- Kroma’s Mainnet Upgrade: Kroma, a Layer 2 solution, released its Mainnet client upgrade and Protocol governance updates.
- Kakarot’s EVM Implementation: Kakarot announced the successful implementation of the Ethereum Virtual Machine (EVM) in Cairo 1.0.
- Lyra’s Launch: Lyra V2, a Layer 2 solution, is now live on the OP stack.
- Conduit’s Integration: Conduit announced its integration with Celestia DA, starting with the OP stack.
Testnet Launches and App Releases
- Ten’s Testnet Launch: Ten, a Layer 2 solution, launched its testnet and initiated the second stage of its Meet Ten Campaign on Galxe.
- Eclipse’s Testnet: Eclipse, a Layer 2 solution, announced that its testnet is now live.
- Saga’s Web App: Saga, a Layer 2 solution, launched its web app and unveiled Saga Edge Nodes.
- Espresso’s Testnet Teaser: Espresso Systems hinted at the release of its next testnet, named “Gibraltar”.
Partnerships and Investments
- AltLayer’s Partnership: AltLayer announced its partnership with Oasys to use its RaaS to build Oasys layer 2 verses and its support for Polygon CDK.
- Morph’s Investment: Bitget, a digital asset trading platform, invested in Morph, a Layer 2 solution.
Actionable Insights
- Monitor dYdX’s Migration: Keep an eye on dYdX’s migration to Sepoli, as it could impact the platform’s user experience and liquidity.
- Assess Impact of Protocol Upgrades: Evaluate the potential impact of protocol upgrades and implementations, such as Kroma’s Mainnet upgrade and Kakarot’s EVM implementation, on the respective platforms’ performance and user base.
- Explore Testnet Launches: Research the potential of newly launched testnets like Ten and Eclipse, as they could offer insights into the platforms’ capabilities and future developments.
- Consider Partnership Implications: Consider the implications of partnerships like AltLayer’s with Oasys, as they could lead to new product offerings and expanded market reach.
