Viewed another way, using a fixed date range (Feb 1, 2023 – Present) rather than a rolling period, we...

In this report, we look at how the Layer 2 ecosystem is shaping up and dive into the varying rollup solutions...In order to unlock the next phase of growth, the scaling torch has been passed over to Layer 2s, led...

After years of discussion, it seems like Layer 2s are finally here....It’s truly incredible how many additional features can be unlocked with DeFi protocols moving to Layer...While Layer 2 will bring incredible benefits for individual applications as they are ported over, it...

What actually happened is that these alt-EVM layer 1s got a significant amount of users as people left...” for the purposes of comparison, Arbitrum & Optimism (being L2s) settle on Ethereum unlike the layer...ORU Fee Markets and Gas Expenditures Layer 2 fees consist of two dimensions: L1 resources L2 resources...

You may have heard the Fuel pitch; the fastest modular execution layer ever. Bold claim....A core pillar of modular execution layers is to be verifiable....However, modular execution layers encompass a broader definition than rollups as they don’t subscribe...These factors form the foundation of Fuel’s modular execution layer vision and the FuelVM.

Under the hood, zkVerify strips away entire layers of complexity from the ZK stack....Proofs will underpin every layer of the stack, from consensus to client privacy, building the foundation...ZK-Apps vs ZK-Infra ZK protocols can be divided into two categories:  (1) Infrastructure (Infra) providing...

2 weeks) Security not equivalent to that of layer 1 Ethereum Rolling back state would be unworkable in...1....1, plus other benefits such as fast withdrawal times, privacy etc....1 seeking to scale now....Alternatively if the migration of leading layer 1 projects to layer 2 does not quite happen, then this...

Each 1% rise in the average yield equates to ~$300-325B of additional annual interest expense.

...cryptography to ubiquitous infrastructure. zkVerify is making that possible as a modular verification layer...The idea is that proofs effectively become a common trust layer between legacy systems and blockchain...compression is transforming a large STARK proof into a smaller SNARK, so onchain verification becomes O(1)...

That’s enough to offset around 1% of inflation annually, which I netted out in the graph above. ...It was capped at 1 SDT per transaction, accounting for a very small portion of revenue....So for every $1 of UST minted, exactly $1 of LUNA is burned. ...Your Nakamoto coefficient could be a trillion though, but if their cumulative stake is $1 I could overtake...

That is the gap Intuition Protocol is designed to close: a public, portable, and composable trust layer...The system is closer to the game-theoretic consensus of Layer 1 blockchains than to a simple DeFi protocol...This creates a valuable layer of social capital and reputation....The answer lies in the application layer.

While private property rights and markets have led to massive progress, underfunded public goods are a class of coordination problem which cannot be solved solely using markets. In this post, I explor...

We believe that over the next 12-18 months there will be increasing interest in gaming projects that prioritize sustainable monetization over speculative hype. This report examines Mythical Games and...

The issues that plagued centralized exchanges (CEX) in their infancy have still not been eradicated. In the grand scheme of things, we’ve made some vast improvements to CEX performance. Some are bette...

Coupled with their recent launch of Ronin, the release of the Play-To-Earn documentary, and crossing the 1...daily volume hit an all-time-high of ~130 ETH on 22 June, significant considering it was under 20 ETH 1...

The focus of these solutions ranges from innovating at the base-layer’s consensus design, creating new...Imagine the average gas fee is $1....If the average gas fee is $1 and there is a $1,000 profit opportunity on the line, the arb bots can basically...Before we run through the steps, let’s first define the participants, of which there are three – 1) Searchers...

...image of it [+2000 USDC, -1 ETH]. ...If Alice owes Bob 1 ETH, Bob owes Greg 1 ETH, and Greg owes Alice 1 ETH, no one actually needs any “money...In this manner, the intent gossip layer can be imagined as an incentivized data availability layer....Together, they form a two-layered authorization scheme.

While private property rights and markets have led to massive progress, underfunded public goods are a class of coordination problem which cannot be solved solely using markets. In this post, I explor...