L2BEAT is an open-source, public-good analytics and research platform dedicated to L2 scaling solutions π
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Every privacy protocol says "private."
But the question is: private from whom?
We just shipped a new feature on L2BEAT that answers that for every protocol we track, against 5 different adversaries.
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@PayyApp Security Exploit & Pause
Payy experienced a smart contract exploit affecting its bridge infrastructure.
The team has paused operations while investigating the incident and working on a recovery plan.
nitter.net/payy_link/status/21031β¦
Today at 4:21 UTC Payyβs bridge contract on Ethereum was exploited and drained of its full balance.
Investigation is ongoing and we are following incident response guidelines.
While we investigate, all Payy Network transactions are paused including deposits, withdrawals, transfers and card transactions.
We will continue to communicate updates here.
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@PhalaNetwork: TVS Up 135% WoW
Phala TVS jumped 135% this week.
Demand for confidential AI compute spiked, with the network handling over 202B tokens in a single day on its OP Succinct stack.
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@Apple Stablecoin Strategy Role
Apple posted a $280k Apple Pay strategy role requiring expertise in stablecoins and tokenized deposits.
The move hints at potential stablecoin settlement across Apple's ecosystem of 2B active devices.
jobs.apple.com/en-ng/detailsβ¦
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@HyperliquidX: $7.51B TVS ATH
Hyperliquid hit a massive new milestone, reaching a $7.51B All Time High in Total Value Secured.
The growth is fueled by record active monthly addresses and the new manual borrowing feature, driving more collateral onchain.
Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.
Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.
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@GravityChain: TVS Spikes to $107.28M on Sep 20th
Gravity Alpha Mainnet TVS reached $107.28M on L2BEAT, driven by 98.5% canonically bridged value.
The surge follows increased activity and asset migration ahead of the L2 sunsetting phase.
Fast Withdraw is now available on the official Gravity bridge, enabling $G transfers from Gravity Alpha Mainnet to Ethereum without the seven-day withdrawal waiting period. Fast Withdraw transfers typically complete in around 10 minutes.
This option applies only to new transfers. Pending withdrawals submitted through the canonical bridge will continue under the original process and cannot be accelerated through Fast Withdraw.
You can bridge $G from Gravity to Ethereum via the link below: g.xyz/gravity-fast-withdraw
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@Lighter_xyz on @RobinhoodApp $92.35M TVS ATH
Lighter on Robinhood reached a new record high of $92.35M in TVS
The growth is propelled by perpetuals trading in Robinhood Wallet and ongoing rewards program activity.
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This week's top highlights through our lens π
ποΈ @Apple possible stablecoin integration & @ecb Pontes Launch
π ATHs: @HyperliquidX & @Lighter_xyz on @RobinhoodApp & @nillion
π L2BEAT Adversaries & Shielded Pool Spec Review
And more π§΅π
l2beat.com/
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European Central Bank Pontes & Bundesbank Deploy
The @ecb launched Pontes to settle tokenized assets in central bank money.
@zksync open sourced Prividium core, with Deutsche Bundesbank deploying it self hosted on its own infrastructure.
nitter.net/coinbureau/status/2101β¦
πͺπΊBREAKING: ECB launches βDigital Euroβ for banks as Pontes begins tokenized finance pilot.
President of the European Central Bank,Β Christine Lagarde announcesΒ The ECB is launching Pontes today, a platform that will connect private blockchain networks with the TARGET system, allowing banks to settle tokenized assets directly in central bank money.
βIt's digital euro made available for banks,β the ECB says, allowing institutions to transact using tokenized assets and DLT βfaster, without friction," sheΒ adds.
Pontes is the first step toward the ECBβs broader Appia ecosystem for tokenized financial markets, while consumer-facing digital euro testing is planned for mid-2027.
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@NillionNetwork: New TVS ATH
Nillion Total Value Secured reached a new high of $3.04M, 100% canonically bridged.
The growth reflects NIL token appreciation driven by ecosystem momentum around Encrypted Covenants and Dusk mainnet.
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We reviewed the @eth_systems spec and here are our suggestions for improving the design π
When we launched EthSystems we said each use case needs its own system, designed, specified, and hardened properly, and that someone has to do that work.
Our specs site is now public: specs.ethsystems.org
Starting small: a shielded pool for confidential payments, an attestation-gated profile of it, and the process behind both. Each spec states what the protocol does, what it assumes, and what it guarantees. This means engineers, auditors, and regulators can work from the same document.
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We recently released Privacy adversaries, which shows which adversaries each privacy protocol protects you from.
Every protocol page has a detailed section, where each rating comes with advice on what a careful user can do to stay private.
Here's are some of the top advices π
Every privacy protocol says "private."
But the question is: private from whom?
We just shipped a new feature on L2BEAT that answers that for every protocol we track, against 5 different adversaries.
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π To protect your privacy against network observers
- Read the chain from your own node, and send transactions over Tor to a public node.
- If you use a VPN, keep in mind that it hides your IP from the relayer but sees it itself, so pick one you trust.
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Make sure to check all advices on the protocols' detailed pages, and let us know if we've missed something!
l2beat.com/privacy/summary
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L2BEAT π retweeted
privacy pools v1 now has four green dots on @l2beat π’
Link privacy against the network observer is now green for @0xprivacypools! π’
This is a result of two recent fixes to their frontend, the latest being custom RPC support π
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Link privacy against the network observer is now green for @0xprivacypools! π’
This is a result of two recent fixes to their frontend, the latest being custom RPC support π
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What changed:
1. Login previously sent your deposit labels and withdrawal address to the ASP/compliance provider. Now deposits are matched locally.
2. A hardcoded RPC saw your deposits and withdrawals, linkable by session even over Tor. Fixed with custom RPC support.
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Check the full privacy breakdown here:
l2beat.com/privacy/summary
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