While Ethereum’s blocks have been nearly full for over a year, we’ve seen multiple L1 & L2 networks...for independently secured modules whereas Ethereum, Polkadot, Near, and Celestia (a relatively new L1...What makes rollups special amongst L2s is that they don’t try to get around this problem.

ETH Lags Other L1s Over the past 30 days, ETH has struggled to keep up with other L1 tokens....likely cause for this has been the flurry of announcements regarding new incentive programs on these L1s...L2 Gas Consumption L2s have continued to gain steam, with them now comprising ~1% of total daily gas...

🔍 The L2 Wars The adoption of layer-2 networks built on Ethereum has been impressive over the past...In this case, the proof is in the fees: ~4% of Ethereum’s gas is now consumed by L2 contracts, up from...Additionally, L2s have flipped the Ethereum base layer in terms of transactions per second.

Morgan and FIFA are opting for tailored Avalanche L1s....Avalanche now supports 75 active L1s and over 845 total validators....of L1s live on Avalanche reflects how flexible the architecture is....Maplestory N runs on Henesys, their own Avalanche L1 tailored for the MSU ecosystem....Unlike the other projects, Mogul doesn’t run its own dedicated L1.

Examples like Uniswap (Unichain L2) and dYdX (dYdX L1) come to mind....This subsampling method greatly reduces network constraints and resource usage, enabling sub-2 second...the L1’s performance. ...All staking-related operations for the Avalanche L1 are handled by the L1’s validator manager.

The token briefly ran 50% ($2-$3) in the weeks leading up to release before continuing to chart a seemingly...

Part 2 – Applications In Part 1 we have overviewed Anoma’s intents and seen how they compare to Ethereum-style...“Part 2: WTF are intent-based apps?”...has 2 sections; First, we take a look at some existing intent-based apps across various verticals that...Across is a bridge focused on Ethereum L2s and rollups. It has 2 modes of operation; fast and slow.

Unfortunately, compared to their competitors on other L1s, their activity is minuscule.

As highlighted by Flashbots’ research on L2 MEV, over $3.9 Bn in atomic arbitrage volume and $400 Mn...in sandwich attacks volume have occurred across major Layer 2 networks such as Arbitrum, Optimism, zkSync...The funds used by a prospective auction participant to place bids are deposited into this contract on L2...

Most L1s already have the significant majority of their supply staked (ETH is currently the outlier for...

...the same amount sold by Tesla. 5 Votes to Follow Aave is voting to relax requirements for Level 2...Level 2 includes any governance actions that affect Aave’s voting dynamics and logic – including stkAAVE...Bored Ghost Labs, the proposer, thinks that the current requirements for Level 2 governance hamper innovation...

Axie floor prices increased from 0.03 ETH to around ~0.066 ETH, and MEO 2 Axie prices rose from 0.084...flat throughout the month while Mystic 1 Axie floor price grew from 5.5 ETH to 9.99 ETH and Mystic 2...

Chart of The Day: Some L1s Win, Some L1s Lose Since the BTC bottom around Jan. 24th, most L1s have...Surprisingly enough, AVAX seems to move with a higher correlation to BTC relative to other L1s....Terms on the loan are as follows: 6-month loan for up to $5M in FRAX. 9% APR on drawn balance; 2% on...

This is a tool used to exchange cryptocurrency locked on IMX L2 by buying and selling Immutabucks, a...Internet Game is an interactive entertainment platform that is launching its Season 2, titled “Bear Market...There are 2 parts to the games....Part 2 is a live finale with 3 multi-player games hosted by Gmoney & Leah Lamarr.

Chart of The Day: Near Leads L1 Recovery NEAR led the L1 recovery by growing by ~50% over the past...With LFG putting buy pressure on BTC, it has outperformed multiple other L1s like CRO, AVAX, BNB, and...Chart of The Day: Near Leads L1 Recovery NEAR led the L1 recovery by growing by ~50% over the past […...

...moving the execution of transactions to a separate chain and then batching them together to post to the L1...protocol launched, originally on the PoS sidechains xDAI and Polygon, and later in the year on the L2...Usage did not start to spike until the L2’s became more used....As we see below, this directly correlates with the L2 launches.

Chart of The Day: Gas Spend Surges in March on L2 Activity Layer-2 rollups post all their transactional...data to L1s....This allows L2s to inherit the security of the L1 it settles on....by L2s to utilize its security....For more detail, read our Delphi Pro report about L1s vs L2s.

Chart of The Day: Avalanche and Cosmos Lead L1 Recovery The crypto markets experienced a tumultuous...This, of course, had a knock-on effect on the rest of the market, including other L1s....For more on L1s, you can read more on our Delphi Pro report on L1s vs L2s here. Paywall removed!

L1s Can’t Stop, Won’t Stop BTC is and has been leading the market for a few weeks now....When BTC momentum slows down, L1 tokens often perform better than any category....L1s have been the best performing tokens since the June bottom — and quite frankly, they boast the highest...Most L1 tokens (especially SOL) experienced a strong catch-up move today.

Arbitrum and Metis Lead L2 TVL Growth Total Value Locked on L2s has risen back to levels seen at the...Among the seven largest L2s by TVL, only Arbitrum (+19% YTD) and Metis (+94% YTD) have seen positive...