Weekly Rollup #87
Eclipse Mainnet Launch | Symbiotic Restaking Goes Multichain | Socket & NEAR Unveil The Chain Abstraction Framework | Nethermind's Ultrabased Rollup | DABeat | ZKBoost Consortium | Week Ending Nov 8th
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This week’s issue covers:
Eclipse Mainnet Launch
Omni x Symbiotic: Restake ETH on Symbiotic Directly From L2s
Socket & NEAR Unveil The Chain Abstraction Framework
Nethermind Unveils The Surge “Ultrabased” Rollup
DABeat
ZKBoost Consortium
Modular Raises
Modular Devcon Events
More News & Announcements
Discourse & Education
📣 News & Announcements
Eclipse Mainnet Launch
Eclipse has officially hit public mainnet!
As a reminder, Eclipse is an Ethereum rollup that leverages the Solana Virtual Machine (SVM), and Celestia underneath.
Some implications:
it’s altVM season: Eclipse’s launch is just the first of several altVM Ethereum L2s expected to launch within the next couple of months, including Movement & Fluent.
Eclipse is essentially a bridge between the Solana and Ethereum ecosystems - we’ll start seeing Solana apps deploy on Ethereum, via Eclipse, while allowing EVM apps that deploy on Eclipse to access the Solana community (more users & devs).
So how do you bridge to Eclipse?
Nexus Bridge:
The Hyperlane team has already added support for Eclipse on the Nexus bridge, allowing users to bridge assets from Solana or EVM chains directly to Eclipse.
In fact, Solana memes, like WIF, are already supported:
Stride Bridge:
Users can also bridge their TIA to Eclipse, via Stride (this route is also powered by Hyperlane).
Here’s what we can expect next (very soon), according to Eclipse’s Head of Strategy:
Eclipse went live with over 60 apps and service providers from day one - you can check them out here and start exploring the network.
Omni x Symbiotic: Restake ETH on Symbiotic Directly From L2s
Last week, Omni and Symbiotic announced their collaboration, which will benefit both teams in the following ways:
For Symbiotic: Symbiotic can now support direct deposits from Arbitrum, Optimism, and Base without having to upgrade their smart contracts. Before their Omni integration, their restaking protocol was only available through Ethereum directly.
For Omni Network: Omni will now be leveraging restaked ETH security from both EigenLayer, and Symbiotic.
Socket & NEAR Unveil The Chain Abstraction Framework
Socket and NEAR have unveiled the Chain Abstraction Framework, designed to help builders seamlessly deploy a chain abstracted applications.
Apps that are built with this framework will benefit from:
the main benefit of building with this framework: one account, one unified balance for users. Whether you have assets scattered across 5 chains, you’ll only need one aggregated account to manage them all.
no bridging, gas swaps, or other onchain complexities
user onboarding with social logins
Apps can operate across multiple chains: as a builder, you can choose your preferred execution environment (EVM, SVM, etc.) an still be present across other chains
The framework leverages both NEARs Chain Signatures tech, along with Socket’s chai abstraction tool suite.
In the near future, we can probably expect RaaS providers to integrate this framework, meaning chain abstracted rollups (from day one), deployed in 1-clicks.
Nethermind Unveils The Surge “Ultrabased” Rollup
Nethermind unveiled “Surge Rollup”, an “ultrabased rollup for builders, devs, and agents pushing Ethereum’s limit”, and surge upgrades.
As a reminder, a based rollup is essentially when a rollups sequencing operations are done by the Ethereum validators themselves, rather than by a third party (centralized) entity. In other words, the same entities building blocks for the L1, will also build blocks for the L2 based rollup.
The “ultra” comes from the fact that Surge plans to optimize throughput and performance by leveraging Nethermind’s client.
Some more Surge rollup notes:
Surge rollup is built using the Taiko stack
Surge rollup intents to go live with stage 2 decentralization from day one
will use ETH for gas
Along with the unveiling of Surge, Nethermind has also released “Surge Power Ups”, which are open source plug-ins that any based rollup can leverage to upgrade performance or functionality. Some plug-in examples mentioned include multi-prover support, sequencing & block production speed, and more.
DABeat
L2Beat released DABeat, a platform to explore DA layers and assess different risk factors amongst providers.
DABeat consists of two categories of DA layers:
Public DA Layers: general purpose DA solutions that can be used across a variety of apps and chains (i.e. Celestia, Avail, EigenDA, etc.)
Custom DA Layers: built for specific projects or ecosystems, for example, Manta DA.
Picture the difference between StarkEx chains, and Starknet - similar approach with the above mentioned DA categorization.
Some metrics you can track include:
Total Value Secured: how much value is across all rollups that utilize the respective DA solution
Slashable Stake: how much are DA validators/nodes putting up (how much skin in the game)
DA layer risks:
Bridge risks
Fallback mechanism
Architecture details
Plus, L2Beat has unveiled their own risk evaluation method to help map out risks between providers.
ZKBoost Consortium
Gevulot unveiled the governing council, comprising of 39 entities aiming to abstract the ZK proof supply chain, along with the unveiling of their first product, ZKBoost API.
Put simply, with this ZKBoost API, L2s will just need to access this one API in order to access any of the proving systems that are part of this consortium. The ultimate goal is to streamline adoption of decentralized proving, helping advance rollups to stage 2 decentralization.
Modular Raises 💰
Vlayer announced their $10M raise to develop Ethereum’s “Solidity 2.0”.
Modular Devcon Events 🎭
L2con Reminder
L2con is the largest conference during Devcon about L2s, modularity and infrastructure for Web3 developers and founders.
Expect speakers from Celestia, Offchain Labs, Scroll, Matter Labs, Monad Labs, Espresso Systems & many more!
📅 13 November, Devcon
We have 10 more free guaranteed tickets for the event for readers of the newsletter! Choose a "guaranteed seat" option and add code MODULARMEDIAWEEK4 in the "add a voucher" field.
Register here:
Other Side Events During Devcon:
Here’s a list of Chain Abstraction focused events during Devcon, listed by Ethan from Particle - View
Bankless will be hosting their own summit the day after Devcon (Nov 16th), alongside some interesting guests - Register
Citrea will be hosting a “Scaling Bitcoin” event at Bangkok, on the 14th. The event will feature several interesting talks from teams like Avail, Catalyst, Celestia, Hyperlane, StarkWare, & more - Register
Lagrane unveiled the long list of speakers for Proof Summit - View
Speaker lineup for Abstract Summit, happening in Bangkok on the 12th, has been unveiled - View
Bangkok events list, uploaded by Celestia - View
More News & Announcements
Espresso shared an update on their misison, emphasizing composability, and decentralized confirmations - Read
Mantis will be integrating Espresso’s shared sequencer to offer their solving network decentralized confirmations, while also getting the benefit of increased composability. Check out the announcement to learn more - Read
Klaster & Biconomy cooperate to launch a “modular execution environment” (MEE): This collaboration combines the chain abstraction properties of Klaster with the account abstraction properties of Biconomy, to offer a new type of transaction called “Supertransaction”. Put simply, it allows devs to build composable, intent-centric apps - Read
Cosmos Hub v21 update release: This will enable ICS chains (consumer chains) to issue rewards in any denomination (up to three). “For example, a consumer chain could send USDC as ICS rewards” - Read
Base gets some new green slices on L2Beat: State Validation, and Proposer Failure (improved risk factors) - View
RWA platform, Re.al, cuts its finality time from 7-days to 6 hours, which is now only possible because of Arbitrum’s recent “fast withdrawals” release. This was done via Gelato, which shows the perk of using a RaaS (they handle upgrades for you). Benefits of fast withdrawals include better fluidity for capital, Improves arbitrage opportunities, and enables new efficiencies for 3rd party bridges - Read
A bit late, but Bungee has moved from an interface to a complete protocol that enables users to swap any token on any chain, to any other token on any other chain. Plus, this “global marketplace” features chain abstraction features such as gasless swaps and a solving network that ensures users always get the best prices. This new global marketplace is live today, but still in early (pre audit) development, so use with caution - Read
Conduit now offers Account Abstraction out of the box for any rollup (not just Conduit based ones). This was done thanks to a collaboration with Zerodev, which provides the AA tech. This enables better user flows, gas sponsorships (gasless transactions), and social recovery. Teams can get access to AA for their chain for $500/month from Conduit, as opposed to the typical high cost it’ll be if adding AA independently through a 3rd party provider - Read
Skate will be launching an SVM version of their Polymarket miniapp, to be used on both Solana & Eclipse - Read
Skate’s current miniapp deployment has reportedly already hit 2.5M users (this is a app on the Ton chain). - View
Privyy releases “Delegated Actions”: this means users can allow the app to perform specific actions on your behalf, which can be used for limit orders, paying for monthly subscriptions, or more - View
Bitte has launched their own version of Universal Accounts. The difference: Bitte directly integrates AI into their solution, enabling users to express an intent using their voice (like an Alexa for onchain activities). During this initial release, Bitte has integrations with 5 chains, including Base, Optimism, Arbitrum, Gnosis, Ethereum, and Polygon. Under the hood, Bitte’s UAs leverage the Safe & NEAR protocols. - Read
Router protocol has integrated Bitcoin into their cross-chain bridge, “Router Nitro”: this will allow users to swap any ERC token from Ethereum to BTC on Bitcoin. In other words, use your Metamask (or whatever EVM wallet you use) to access BTC directly on Bitcoin, without having to bridge yourself. - Read
Inc public testnet is now live! As a reminder, this is Kraken’s recently unveiled L2 - View
Agoric integrates Union (interop protocol), enabling Agoric API users to transfer assets between Cosmos and EVM chains - Read
Manta (Eth L2) will be supporting ERC-7683: cross-chain intent messaging standard created by Across & Uniswap - Read
Fluent will also support ERC-7683 - Read
Both Fluent & Manta (two Ethereum L2s) announced their support for ERC-7683, a cross-chain intent messaging standard created by Across & Uniswap.
Hyperlane continues its altVM expansion, this time making its way to the zkSync ecosystem - Read
Hyperlane Sueprlane is live on the first chain - Read
New L3 chain testnet launch: EveDex has launched a perp DEX on its own L3 network, powered by the Arbitrum Orbit rollup framework. The L3 was deployed using Gelato’s RaaS - Read
OP Labs, Uniswap, and others propose ERC-7802, a bridge agnostic cross-chain interface - Read
Ethereum crossed above the blob target for the first time - View
EiegenLayer is looking for marketers! - View
On November 11th, Arbitrum will be opening registrations for Stylus Sprint, which will be rewarding 5M in ARB grants to devs using Stylus - Apply
📚 Discourse & Education
Brendan Farmer’s take on how the agglayer can accrue value. TLDR, there are two paths: one focuses on value extraction through sequencer fees, and the other focuses on ecosystem growth. He prefers the latter. - Read
The Quicknode team shared a guide for devs that compares the four leading rollup frameworks: OP Stack, ZK Stack, Arbitrum Orbit, & Polygon CDK - Read
dYdX’s Ethereum chain ha sofficially shut down. But what happens to the $70M that wree not withdrawn? L2Beat explains (don’t worry, you’re safe, in this instance) - Read
New Ethereum Research Post: “3-Slot Finality: SSF is not about Single Slot” - Read
The Avail & Particle Network teams have co-authored this new paper about how unification, along side Universal Accounts, help create the dream UX for users - Read
A great, simple thread about: “What are altVMs and why do they matter?” - Read
Case study of how LogX was able to permisisonlessly deploy a Hyperlane instance, to power their cross-chain perpetual trading app. The short thread also lists some of the unique customizations teams can make when deploying a Hyeprlane instance - Read
See what “BBR” is all about, as Nick White claims is one of the coolest features to come with the upcoming Celestia upgrade, Ginger Read
A unique advantage of the FuelVM: “it was designed for L2s & rollups” - Read
Here’s a roundup of everything you missed from the Hyperlane ecosystem during October, including Superlane, yield routes, & more - Read
“It costs 357M times more to send a packet across rollups vs the cloud” - Listen
Here’s a very good visual representation of what low latency looks vs huge latency. Two examples used: One looks at the mouse movements across a screen (from a user POV), and one looks at the backend efficiency it’ll provide onchain protocols like CLOBs - View
Introducing “Coordinated”, a new “community-led podcast for the EigenLayer ecosystem” - View
Here’s a 2-minute tutorial on how to bridge to Flame and add liquidity to their Uniswap like AMM - View
Celestia’s latest Core Dev Call - Listen
That's all for this week! Thanks for reading 🧱🎬