L2 report vol. 28

Paradigm

Published in

Paradigm

9 min readDec 11, 2023

A biweekly update on Layer 2 protocols, 27th November — 11th December

TL;DR

The sum of all funds locked on Ethereum converted to USD is $15.6 B at the time of writing.
Arbitrum hosted a virtual developer Arbitrum Day. Offchain Labs announced a collaborative proposal to build ApeChain alongside Horizen Labs and Arbitrum. Learn how to build a DAO on Arbitrum in less than 10 minutes without writing any code
Optimism’s RetroPGF3 voting ended, and 502 projects qualified for a share of 30M OP. Optimism’s Canyon network upgrade approved, with plans for activation on January 11. Superchain Summit features talks and networking, while the We ❤️ the Art NFT contest is extended. Optimism execs are optimistic for Ethereum’s future amid its ongoing scaling battle on TechCrunch.
Kraken unleashing USDT on OP Mainnet. Wombat Exchange is now live on OP Mainnet.
Base is bringing Art Week on-chain: Base is helping bring on-chain and real-world art to Art Basel in Miami Beach with Base Hunt and Base House. Base Sepolia is now live on Alchemy.
Community testing for the Metis Proof-of-Stake Sequencer Pool will go live on January 3rd. Metis DAO is now fully accessible within the Symbiosis system. And this is the 20th network in its collection.
Boba Network releases November ecosystem update and integrates DEGA and XDSea NFT. The Pyth Network releases its BOBA/USD price feed.
Aztec introduces a new Sandbox and a podcast: Episode 1 — Tonk. A new and improved Sandbox. As a reminder, zk.money users should withdraw any remaining funds immediately. While Aztec Connect has been sunsetted, the team will process transactions and withdrawals of funds until March 31st, 2024.
Loopring + ZKPool join forces to propel advanced ZKP proving systems. The Loopring Ambassador Program: an Update. The team has just rolled out the new Loopring.io
Amazon Managed Blockchain Access, which adds support for Polygon PoS. Polygon POS proposal to increase max contract size from 24kb to 32kb. Bridged USDC standard contracts are live on Polygon zkEVM. Flipkart to launch Polygon CDK-powered chain to scale FireDrops
Last week, Scroll published the post on EIP-4844 and held a Twitter Space with some of Scroll’s earliest ecosystem builders.
Starknet Foundation has plans to allocate over 1.8bn STRK tokens across multiple initiatives to drive the adoption and growth of the Starknet blockchain. The first is about to start soon. Starknet DACH is excited about an upcoming meetup in Munich this week. Join the team for the first Chicago Starknet Meetup tomorrow. Deep dive into the latest games on Starknet.
zkSync is migrating to Sepolia. Enterprises, developers, and projects can easily launch, deploy, and test their own layer 2 hyperchains with ZK Stack — zkSync’s free, open-source modular framework for building sovereign hyperchains. Ankr, Luganodes, and Zeeve are the first wave of rollup-as-a-service providers immediately available to enable seamless hyperchain deployment. Learn more here.
ZKSpace unveils Tokenomics 2.0 Trilogy (1/3).
dYdX launches trading rewards, with over $1B in total trading volume on the dYdX Chain. Launch Incentives, run by Chaos Labs, will distribute $20M to early traders on the dYdX Chain.
Rhino.fi introduces a new NFT minting tool, reduces fees for Arbitrum Nova bridge, and promotes #zkSyncTakeover.
Immutable X launches the zkEVM testnet, partners with Merit Circle DAO, and showcases Cursed Stone game.
Zero-knowledge platform Sindri closes $5 million seed round led by CoinFund.
RollupCodes: opcodes, precompiles & system contracts for each rollup.
OP Wagmi: wagmi v2 style hooks to interact with OP Stack networks.
L2BEAT liveness dashboard adds intervals of proof submissions for zk rollups.
L2 stats. Check out how much it costs to use Layer 2.
And more!

Stats

The sum of all funds locked on Ethereum converted to USD is $15.6 B at the time of writing.

How much does it cost to use Layer 2?

Optimistic rollups

Arbitrum

Arbitrum Day full of virtual developer talks took place. Discover the latest Arbitrum Orbit, Stylus, BOLD, and Timeboost insights.
Offchain Labs announced a collaborative proposal to build ApeChain alongside Horizen Labs and Arbitrum.
The Arbitrum Boost Grant Program by Quest Protocol.
Learn how to build a DAO on Arbitrum in less than 10 minutes without writing any code, so you can work toward your mission faster.

Projects based on Optimism’s codebase

Optimism

Optimism’s RetroPGF3 voting ended, 502 projects qualified for share of 30M OP.
The governance vote for the first post-Bedrock network upgrade, Canyon, passed successfully. This means that as of Jan. 11, Canyon will be activated on OP Chain mainnets across the Superchain. Node operators will need to upgrade their nodes before the Canyon upgrade.
Optimism execs are optimistic for Ethereum’s future amid its ongoing scaling battle on TechCrunch.
A Very Onchain Summit: 2023 Devconnect Recap: This year at Devconnect in Istanbul, Turkey, the Optimism Collective hosted their first full day of talks and networking, aptly titled Onchain Summit: Superchain Edition.
Optimism We ❤️ the Art (NFT creator contest) extended to January 8th at 23:00 UTC. Superchain mints are eligible for any mints created on ZORA, Base & OP Mainnet from Nov 8th. Prizes up to 1,200,000 OP — now with 2x 50K OP winners per category: https://welovetheart.optimism.io

🚀Live on Optimism:

Kraken unleashing USDT on OP Mainnet.
soundxyz_ quests just dropped on Coinbase and OP Mainnet.
Wombat Exchange now live on OP Mainnet.

Base

Base is bringing Art Week onchain: Base is helping bring onchain and real-world art to Art Basel in Miami Beach with Base Hunt and Base House from Dec 8–10. Base Hunt invites everyone to participate (either online or IRL) in a “treasure” hunt across Miami, highlighting art, culture, and media across the city. Base House is a physical interactive space at Ampersand Studios, weaving onchain art and culture into the fabric of the city.
Base Sepolia is now live on Alchemy: Get test tokens from the Base Sepolia faucet and start migrating to the Base Sepolia testnet.

🚀Live on Base:

Altura, innovative gaming infrastructure meets Web3’s most trusted purveyor of blockchain tools to be supporting Base.
IDriss is now live on Base.

Metis Andromeda

Community Testing for the Metis Proof-of-Stake Sequencer Pool will go live on January 3rd.
Metis DAO is now fully accessible within the Symbiosis system. And this is the 20th network in its collection.

Boba Network

Boba Network’s Ecosystem Update: November Edition is out.
DEGA’s integration on Boba Network has been announced.
XDSea NFT integrates on Boba Network. The platform features an advanced no-code creator console, enabling artists to seamlessly create and launch their own NFTs.
The Pyth Network releases its BOBA/USD price feed.

Zero-knowledge rollups

Aztec

A new and improved Sandbox.
‘Aztec Labs Developer Journeys Podcast introduced. Episode 1 — Tonk. A Nintendo emulator is being built with Noir: Dappicom by the Tonk team will allow you to play your favorite Nintendo games and prove gameplay outcomes on-chain.
As a reminder, http://zk.money users should withdraw any remaining funds as soon as possible. While Aztec Connect has been sunsetted, the team will process transactions and withdrawals of funds until March 31st, 2024.

Loopring

Loopring + ZKPool join forces to propel advanced ZKP proving systems.
The Loopring Ambassador Program: an Update.
The team has just rolled out the new http://Loopring.io
Check out the knowledge base for all things Loopring L2.

Polygon

Amazon Managed Blockchain Access adds support for Polygon PoS
Polygon POS proposal to increase max contract size from 24kb to 32kb
Bridged USDC standard contracts are live on Polygon zkEVM
Flipkart to launch Polygon CDK-powered chain to scale FireDrops: FireDrops Web3 loyalty program has attracted over 3.3 million wallets since its September launch.
Wipro Deploys Falcon Industrial Supply Chain Management Platform on Polygon PoS
How to Swap Directly Onto Polygon PoS Using Matcha Cross-Chain Swaps
Polygon CDK: All About Data Availability
Spotlight Quest, Polygon PoS Validators: Kiln x Ownest

🚀Live on Polygon:

Check out the latest Polygon integrations here.

Scroll

Last week, Scroll published the post on EIP-4844, and held a Twitter Space with some of Scroll’s earliest ecosystem builders.

StarkWare

Starknet Foundation has plans to allocate over 1.8bn STRK tokens across multiple initiatives to drive the adoption and growth of the Starknet blockchain. The first is about to start soon.
Starknet DACH is excited about an upcoming meetup in Munich this week.
Join the team for the first Chicago Starknet Meetup tomorrow.
Deep dive into the latest games on Starknet.

🚀Powered by StarkWare:

A continually updated list of projects building on StarkNet.

zkSync

Enterprises, developers, and projects can easily launch, deploy, and test their own layer 2 hyperchains with ZK Stack — zkSync’s free, open-source modular framework for building sovereign hyperchains. Ankr, Luganodes, and Zeeve are the first wave of rollup-as-a-service providers immediately available to enable seamless hyperchain deployment. Learn more here.
zkSync is migrating to Sepolia: Sepolia will be the primary testnet. Support for Goerli stops Jan 2024.

ZKSpace

ZKSpace unveils Tokenomics 2.0 Trilogy (1/3)

Projects built using StarkEx

dYdX

Trading and Launch Rewards are live on dYdX Chain: Trading Rewards are active and ~50,000 $DYDX per day is available to be earned by traders on the dYdX Chain. The dYdX Launch Incentives Program is live for the next six months as well, during which $20M of $DYDX in incentives will be distributed.
Total trading volume on dYdX Chain has passed $1B.
The frog has arrived on dYdX Chain: You can trade it now at http://dydx.trade
Launch Incentives, run by Chaos Labs, will distribute $20M to early traders on dYdX Chain.
Stay up to date with the latest governance conversations and participate in forum discussions.

Validium

Projects build using StarkEx

Rhino.fi (previously DeversiFi)

Rhino.fi has just launched the brand new NFT minting tool.
Next steps for Rhino.fi Token: the future of DVF.
The team cut the fees to bridge to Arbitrum Nova by 50%, meaning their bridge now has the lowest fees around.
The #zkSyncTakeover is here, join rhino.fi’s zksync campaign today.

Immutable X

Immutable zkEVM testnet is finally here: The Immutable zkEVM Testnet, featuring all of Immutable’s platform products, is officially live.
Merit Circle DAO chooses Immutable to unlock beam’s future gaming and trading experience: the merit circle dao, the world’s largest gaming-focused DAO, today announces a new stategic partnership with leading gaming platform Immutable to expand and enhance the DAO’s ecosystem, which comprises open-source blockchain network Beam and native digital asset marketplace Sphere
Immutable and Cursed Stone: The future of the MMORPG genre: Inspired by Ragnarök Online and the Legend of Zelda series, Cursed Stone is the latest title building on Immutable zkEVM, offering players a nostalgic yet modern gaming experience like no other.‍
Under The Hood: Immutable Checkout: User experience for players remains one of the biggest obstacles standing in the way of mainstream adoption of blockchain gaming. Explore how Immutable Checkout creates a seamless in-game transaction experience for players, and unlocks untapped revenue potential for games.