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0/ Diving into Ethereum's Layer 2 ecosystem, a guest thread by @daddysether.eth from the Layer2Roundup. L2s are the onboarding vehicles to Ethereum's onchain economy, so today we're highlighting some of the biggest L2 updates from the past few weeks. 🧵👇

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1/ L2 protocols are scaling solutions that are designed to make transacting on Ethereum super fast, and ultra low-cost for users all over the world. Most importantly, L2s have the ability to leverage the industry-leading security properties of the Ethereum blockchain.

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2/ First up, @arbitrum launched BoLD. BoLD introduces permissionless validation, which means that any node operator can now submit a fraud proof to challenge the state of the chain. This is a huge decentralization unlock that drastically heightens the security of Arbitrum One. https://x.com/arbitrum/status/1889710151332245837

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3/ Next, @fuel-network published an in-depth guide which covers the architecture that makes up their decentralized sequencer design. This guide is helpful for people who wish to explore the benefits of a decentralized sequencer, and why they are beneficial to L2s. https://x.com/fuel_network/status/1891896128381256173

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4/ Additionally, @fuel-network hosted a live Twitter Spaces with @simplystaking to talk you through their new sequencer design. Many interesting topics were covered, such as: - Centralized vs decentralized sequencers - How sequencer design impacts censorship-resistance https://x.com/fuel_network/status/1892212618217300278

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5/ Moving on to some public goods news! The @optimism Collective has committed 8M OP to funding onchain builders who are innovating on the Superchain. Learn all about how you can become eligible: https://x.com/Optimism/status/1891910393221747096

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6/ Speaking of funding onchain development.. The @swellnetworkio team is allocating 125M SWELL to visionary builders across multiple categories who are helping to bring the L2 ecosystem to life. Be sure to apply if you are building something that fits within the outlined criteria. https://x.com/swellchain/status/1890236960872272268

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7/ And lastly for funding, @aztecnetwork has provided $150K to be distributed to a number of cross-chain apps that extend Aztec's core properties, such as privacy and decentralization to other L2 protocols. Submit your application below! https://x.com/aztecnetwork/status/1890638824382034414

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8/ Modernizing digital gold on @zksync. Switzerland's largest bank, UBS, deployed a PoC of their "Key4 Gold" initiative on a zkSync validium. UBS Key4 Gold is a product that allows clients to purchase a claim to physical gold using the Ethereum blockchain. https://x.com/zksync/status/1885329177446133998

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9/ Learn all about preconfirmations with ceciliaz030. In short, preconfirmations are a way for validators to speed up the time in which a transaction is ordered and processed on Ethereum L1, providing a much more seamless experience for users of the chain. https://x.com/taikoxyz/status/1891395496482419109

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10/ Based rollups in the OP Stack. Based rollups are a new flavour of L2 that leverage Ethereum's existing L1 validator set for sequencing, instead of hosting their own sequencer at the L2 layer. In collaboration with class_lambda, gattacahq released an open-source implementation for Phase 1 of a highly-performant and interoperable based rollup built using the OP Stack. https://x.com/gattacahq/status/1890466706595680278

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11/ Enhancing proof systems with fermah_xyz. Fermah has integrated with @scrollzkp to provide ultra-efficient proving that will lead to lower costs, and much faster transaction times for users of Scroll. https://x.com/fermah_xyz/status/1892273004597694499

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12/ Optimizing for UX with the Open Intents Framework. Various L2 teams from across the ecosystem have come together to collaborate on a new Intents framework that is set to enable huge UX improvements for Ethereum L2s, such as fast, frictionless, cross-chain asset transfers. https://x.com/ethereumfndn/status/1892244647369433272

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13/ Moving on to the app layer, let's take a look at RealmsEternum. Eternum is an onchain strategy game built on @starknet that combines the best of AI, gaming, and crypto. During Season 0, Eternum was responsible for filling 50% of Starknet's available blockspace—Season 1 soon! https://x.com/RealmsEternum/status/1890405950416384465

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14/ The XSGD Stablecoin is live on @arbitrum. Developed by StraitsX, XSGD is a stablecoin that is pegged to the Singapore Dollar and Indonesian Rupiah, built to provide businesses and individuals with easy access to Ethereum's onchain DeFi economy. https://x.com/StraitsX/status/1891382070103916773

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