Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum
Dear Frens,
The L2 space has been buzzing with remarkable developments, and it’s exciting to witness the growth and momentum of Layer 2 solutions. Base continues to be at the forefront with the latest announcement of Coinbase's Smart Wallet. Base's expansion coincides with the rollout of this self-custodial solution designed to bring over a billion users onto the blockchain. Recent data shows that Base is surpassing both Optimism and Arbitrum in growth, with its total value locked (TVL) hitting an all-time high. This surge comes as investors eagerly await the launch of Coinbase’s new smart wallet, which aims to provide a seamless transition for users moving from centralized exchange accounts to decentralized applications (dApps). Lately, we are seeing more projects hop onto the L2 train. ENS Labs has unveiled a significant proposal, ENSv2. This next-gen implementation is aimed at extending ENS to a selected Layer 2 network, promising reduced costs, faster transactions, and enhanced functionalities. As the Layer 2 journey continues to unfold, we’re delighted to have you with us every step of the way. Stay on the cutting edge and keep exploring the dynamic and captivating L2 ecosystem.
Contributors: Ritaakubue, Melasin, anointingthompson1, jengajojo, Tonytad, Boluwatife, Kornekt, WinVerse
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🔒 Layer 2 Base Achieves Record TVL Ahead of Coinbase’s Smart Wallet Launch
🆕 IOTA Launches Layer 2 Ethereum Virtual Machine Network Focused on Real-World Asset Usage
🔀 Coin98 Integrates ZKFair, Elevating Multi-Chain Efficiency for Users
⚡Layer 2s as cultural extensions of Ethereum