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Amidst the surge of Layer 2 (L2) networks, Arbitrum has surpassed Ethereum in daily transactions. Various projects are focusing on enhancing blockchain convergence, with initiatives like EigenLayer enabling Cosmos blockchains to utilize restaked ETH. The L2 ecosystem is witnessing rapid development with innovations in scalability, decentralization, and cost reduction, aiming to address Ethereum's scalability challenges and improve transaction throughput. Succinct Labs has raised $55 million to advance zero-knowledge proofs technology for mainstream development.
EXCLUSIVE: @EthosStake—an upcoming active validated service (AVS) on EigenLayer—is working with various liquid restaking protocols to leverage ETH restakes and secure Cosmos chains. It has received commitments of $4 billion from LRTs so far. — Currently in the testnet phase,… https://t.co/UkezEVYddX
EXCLUSIVE: Ethos works with liquid restaking protocols to secure Cosmos chains via EigenLayer https://t.co/zzyyE70oRk
Like all other software, blockchains won't scale by enhancing just one component, they will scale by combining vertical (execution) with horizontal scalability (DA, rollups, app chains, etc..). e.g. @megaeth_labs is achieving 10K+ true TPS with low latency by rebuilding the EVM… https://t.co/P0Lqj52hkd