Ethereum is scaling.
🚨🥧 We just recorded a new Ethereum Ecosystem TPS record: 3,453 TPS today at 14:37 UTC!
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Amazing to see so many major L2s now at stage 1. The next goal we should shoot for is, in my view, fast (<1h) withdrawal times, enabled by validity (aka ZK) proof systems. I consider this even more important than stage 2. Fast withdrawal times are important because waiting a week to withdraw is simply far too long for people, and even for intent-based bridging (eg. ERC-7683), the cost of capital becomes too high if the liquidity provider has to wait a week. This creates large incentives to instead use solutions with unacceptable trust assumptions (eg. multisigs/MPC) that undermine the whole point of having L2s instead of fully independent L1s. If we can reduce native withdrawal times to under 1h short term, and 12s medium term, then we can further cement the Ethereum L1 as the default place to issue assets, and the economic center of the Ethereum ecosystem. To do this, we need to move away from optimistic proof systems, which inherently require waiting multiple days to withdraw. Historically, ZK proof tech has been immature and expensive, which made optimistic proofs the smart and safe choice. But recently, this is changing rapidly. ethproofs.org/ is an excellent place to track the progress of ZK-EVM proofs, which have been improving rapidly. Formal verification on ZK proofs is also advancing. Earlier this year, I proposed a 2-of-3 ZK + OP + TEE proof system strategy that threads the needle between security, speed and maturity: ethereum-magicians.org/t/a-s… * 2 of 3 systems (ZK, OP) are trustless, so no single actor (incl TEE manufacturer or side channel attacker) can break the proof system by violating a trust assumption * 2 of 3 systems (ZK, TEE) are instant, so you get fast withdrawals in the normal case * 2 of 3 systems (TEE, OP) have been in production in various contexts for years This is one approach; perhaps people will opt to instead do ZK + ZK + OP tiebreak, or ZK + ZK + security council tiebreak. I have no strong opinions here, I care about the underlying goal, which is to be fast (in the normal case) and secure. With such proof systems, the only remaining bottleneck to fast settlement becomes the gas cost of submitting proofs onchain. This is why short term I say once per hour: if you try to submit a 500k+ gas ZK proof (or a 5m gas STARK) much more often, it adds a high additional cost. In the longer term, we can solve this with aggregation: N proofs from N rollups (plus txs from privacy-protocol users) can be replaced by a single proof that proves the validity of the N proofs. This becomes economical to submit once per slot, enabling the endgame: near-instant native cross-L2 asset movement through the L1. Let's work together to make this happen.
Glad to report that all 6 rollups affected by the recent Stage 1 requirements changes have performed the necessary upgrades and are now fully compliant. That includes: - @base - @Optimism - @unichain - @Scroll_ZKP - @inkonchain - @KintoXYZ Now onwards to Stage 2! 🫡
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Gantz retweeted
Ethereum 🤝 ZKsync
Ethereum holds 52% of total RWA value #Ethereum accounts for 52% of the total on-chain RWA, valued at $4.60B, with @zksync following in second place at $2.04B. @StellarOrg , @Aptos , and @Algorand also rank among the top networks.
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Gantz retweeted
Intents aren't magic, but Anoma apps will feel like they are 🧙‍♂️ Users simply express their intent, and Anoma takes care of the rest. This enables a more human-centric future of seamless, natural user interfaces, and empowers people to make blockchains work for them.
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It's been over a year since @DeltaPrimeDefi integrated RedStone's price feeds into Prime Account 🤝 On this occasion, we have prepared a joint campaign that rewards Prime Account users with RSG points ♦️ Learn how to get them in the thread👇
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Gantz retweeted
Exciting news 🔊 Openfort has integrated with @kroma_network an Optimistic Rollup utilizing zkEVM. This integration provides game developers with: → A scalable and cost-effective environment on Kroma network. → Simplified user onboarding → Improved gaming user experience via account abstraction.
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1/ Orderly Network and @LogX_trade Integration on @arbitrum is LIVE! (🟣,🟢) Details: • LogX's smart perp routing through Orderly • Deep liquidity from Orderly to LogX users • Better rates for trading perps • Trade and earn points ▶︎ app.logx.trade/
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Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem. galxe.com/Berachain/campaign…
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🤝We are thrilled to announce our collaboration with The People's Alliance! ✨ 🌐 Dive into the FIRST & LARGEST community-exclusive Inscription system on the blockchain. 💻 Join us, complete simple tasks, and Mint your moments NOW at ally.build?inviteCode=V81QWM #JoinTheAlliance
WE'RE LIVE! The People's Alliance's Inscription ($ALLY) can now be minted on @lineabuild. From now, and until all 21 Billion $ALLY are minted, you can participate in the first-ever community-exclusive Inscription system. Details 🧵, or get started at ally.build!
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These are our latest successes ✅ All modules work smooth ⚙️ Retweet contest already closed Now keep an eye on your dao 👀
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Gantz retweeted
Forbes dives into #web3 with their new social account, @ForbesWeb3! 📱 Join the movement, take part in the ForbesWeb3 campaign, and earn Loyalty Points on #Galxe 🌟 Exciting tasks await - Stay tuned for future campaigns and activations! gal.xyz/ForbesWeb3
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Gantz retweeted
Want to earn early adopter rewards? 🪂🧐 Now’s your chance. Claim a limited-edition WOOFi Pro NFT and a share of $5,000 $ARB in 3 new campaigns powered by @Galxe 👇 (1/4) Campaign collection: galxe.com/woonetwork/campaig…
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Meet the projects that are new partners in the #RedStoneExpedition ♦️⛏️ Take part in a @Galxe campaign and pass a quiz to win a special OAT! 👉 galxe.com/RedStone/campaign/…
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🚀​​ Calling builders & backers: #BuildersVoyage, the first-ever builder-honoring campaign by @aspecta_id & @LineaBuild is NOW LIVE! 🔥 Link GitHub to unlock different #BuilderNFT. Not a builder? Claim #BackerNFT. ☀️ Collect #LineaVoyageXP & more ⬇️ aspecta.id/campaign/builders…
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Gantz retweeted
Mission Web 3 Module 6…LAUNCH 🚀 We’ve collaborated with @blur_io to bring you this educational module on NFTs! Blur is the NFT marketplace for pro traders backed by @Paradigm. Discover Blur and take your #Web3 experiences to the next level. ⬇️ galxe.com/MissionWeb3/campai…
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I joined @MayadeenEnglish to discuss how the western press had acted as a megaphone for @netanyahu, uncritically repeating his lies and generating the bloodlust that led to the grisly murder of a Palestinian child in Chicago. Blood is on their hands.
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Gantz retweeted
Remember Israel told you it all began on oct 7th?
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I was a journalist in Palestine during the first Intifada. That’s when I learned the culture, the politics and the truth of their struggle. 24 journalist have been killed in #Gaza since October 7. This is a war crime and violation of international law. ☮️✌️🇵🇸
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