The Protocol: EigenLayer Ready to Launch Missing Feature
Also: Bitcoin L2 SDKs; North Korea’s THORChain Use; and Quantum-Resistant BTC
Layer 2s
Blockchain Fragmentation Is a Major Problem That Must Be Addressed in 2025
For true interoperability to exist, we have to take a step back and re-approach blockchain modularity from a fresh perspective.
Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions
Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March’s record activity.
The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.
Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.
Aave Gauges Community Interest for Expansion to Bitcoin Layer 2 Spiderchain
The potential deployment on a Bitcoin layer-2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.
Bitcoin Developers Working With StarkWare, Blockstream Claim Breakthrough on New Features
Figure from the just-published paper (Heilman, Kolobov, Levy, Poelstra)
Astria, Project to Decentralize Crucial Blockchain ‘Sequencers,’ Goes Live With Main Network
Astria component diagram, from the project documentation (Astria)
Polymarket Is Huge Success for Polygon Blockchain – Everywhere But the Bottom Line
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi
“If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi,” BOB co-founder Alexei Zamyatin, told CoinDesk.
Ethereum’s Changing Landscape
For investors, ETH’s future depends on how Ethereum balances innovation with maintaining healthy economic policy, says Matthew Kimmel, digital asset analyst, CoinShares.