Redacted Research 🀄️ @RedactedRes Twitter profile

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Redacted Research 🀄️

@RedactedRes

29 days

Avalanche, a multi-billion $$$ ecosystem, is about to undergo a major transformation. ACP-77 will be a big step towards an ecosystem of interoperable, fully customizable & sovereign L1s. Wait, modular L1s on @avax ? Research-🧵 full of ██████ alpha on a major catalyst.

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Redacted Research 🀄️

@RedactedRes

4 months

Hey @LayerZero_Labs , quick question: Why is your Axelar DVN controlled by an Externally Owned Account, that has the ability to censor traffic and transmit fraudulent transactions? After the recent X beef between @axelarnetwork and @LayerZero_Labs , we got curious about

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Redacted Research 🀄️

@RedactedRes

9 months

With $600m in TVL & >$175m in funding, @OptimismFND is the 2nd largest rollup! Soon the Superchain will merge OP chains into one interoperable L2 ecosystem! We @RedactedRes have done 100s of hours of research & compiled a 100+ page report of alpha! Entirely for FREE! 🀄

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Redacted Research 🀄️

@RedactedRes

27 days

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ Since 2020, over $4 billion has been siphoned from DeFi, losses that could have been prevented for a fraction of the cost. How? By integrating an incident response protocol that will act as soon as a malicious actor tries to

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Redacted Research 🀄️

@RedactedRes

2 months

🔎📊 Investigating Taiko 📊🔍 @taikoxyz recently launched at $2.5B FDV and received mixed feedback from the community. With $32M in funding and $40M in TVL, what are the opportunities on the chain? Let's explore their current ecosystem, growth strategy, and future plans.

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Redacted Research 🀄️

@RedactedRes

3 months

✨🔴 The Rise of the Superchain 🔴✨ Optimism is more than OP Mainnet. Optimism is more than Optimistic Rollups. So what is Optimism? Find out in the most comprehensive research report on the Superchain 🧵👇

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Redacted Research 🀄️

@RedactedRes

2 months

🔎📊 Investigating Taiko 📊🔍 The @taikoxyz airdrop is live & $TAIKO is sitting at a mere $2.2B FDV, only a fraction of competitors like @Starknet ($13.5B). Additionally, @taikoxyz has paid >$1M in fees since mainnet launch, which is almost 10x more than @zksync 's total cost,

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Redacted Research 🀄️

@RedactedRes

2 months

✨♾ Redacted Research - EigenLayer Series ♾✨ $𝟰𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘄𝗮𝘀 𝘀𝗽𝗲𝗻𝘁 𝗼𝗻 𝗽𝗿𝗼𝗼𝗳 𝘃𝗲𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟯 𝗳𝗼𝗿 𝗭𝗞 𝗿𝗼𝗹𝗹𝘂𝗽𝘀 𝗼𝗻 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗮𝗹𝗼𝗻𝗲. Industry studies anticipate ZK proof generation to become a $𝟭𝟬

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Redacted Research 🀄️

@RedactedRes

2 months

The $ZK airdrop checker is coming today & pre-market $ZK is valued at $15B, likely making it one of the biggest airdrops ever. 👉 After over 1 year of mainnet, what's the state of the @zksync Era ecosystem? 👉 Should you sell your $ZK? Data-driven 🧵 full of redacted alpha.

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Redacted Research 🀄️

@RedactedRes

11 days

The Truth about L2 Trust Assumptions Imagine you are a DeFi user on a rollup. Your favourite app gets hacked and you are down five figures. Would you want the chain to be stopped to retrieve the funds? Imagine you hold six figures on a L2 with billions in TVL. Would you

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Redacted Research 🀄️

@RedactedRes

3 months

The Redacted Research Hub is live! 🧠✨ Today marks a huge milestone for @RedactedRes on our mission to make institutional-grade research freely accessible to all the degens out there. Don't fade anon (Link below!) 🧵

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Redacted Research 🀄️

@RedactedRes

3 months

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ In this series we've previously covered what @eigenlayer can do for the interoperability space, but what if it can help Optimistic rollups be more secure? Or DePIN chains be verifiably more decentralized? Now, let's dive into how

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Redacted Research 🀄️

@RedactedRes

4 months

Thank you @PrimordialAA We had another look and some questions remain: The contract you are referring to in your comment was created just a few days ago and was created by the same EOA (1) that we point out in our original post. The "test" contract was even linked in the

Bryan Pellegrino (臭企鹅)

@PrimordialAA

4 months

@RedactedRes @LayerZero_Labs @axelarnetwork This is actually for a test contract that was never used — the correct contract addresses are here and have been audited by @zellic_io Audit can be found here:

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Redacted Research 🀄️

@RedactedRes

3 months

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ For the modular infrastructure space, @eigenlayer is a game-changer. It generalizes Ethereum's trust network and economic stake to secure decentralized networks that go beyond the capabilities of the base layer. One example of

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Redacted Research 🀄️

@RedactedRes

10 months

GM 🀄️

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Redacted Research 🀄️

@RedactedRes

9 months

The @CelestiaOrg mainnet launch is near and will enable new network and application designs! One narrative you'll hear about a lot as we head into the next cycle are "sovereign rollups". We have a complete breakdown of this novel type of network desing ready for you! 🀄️

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Redacted Research 🀄️

@RedactedRes

3 months

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ Taking rollup security to the next level and providing a versatile proving infrastructure for a trustlessly composable Web3 ecosystem powered by ZK. Meet @AutomataNetwork , a Multi-Prover implemented as an Actively Validated

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Redacted Research 🀄️

@RedactedRes

9 months

Why does @OptimismFND let anyone build on the OP Stack permissionlessly? Don‘t they create competition for their own OP Mainnet? Is it accruing value to Optimism & its main product? It's complicated. But let us walk you through some of our redacted thoughts!🀄️👇 To understand

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Redacted Research 🀄️

@RedactedRes

7 months

The Optimism RPGF results are in! 🔴 ✨ 30M OP tokens were granted to contributors of the @Optimism ecosystem! 🤯 We are excited to announce that Redacted Research received 24.6K OP. Thanks again to everyone who voted for us! 🙏 Now, it's time to look at RPGF stats! 📊👇

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Redacted Research 🀄️

@RedactedRes

4 months

The memecoin mania that happened over the past few weeks have eclipsed the Dencun upgrade. However this is one of the biggest upgrade for Ethereum. What is exactly EIP-4844, it's impact and more importantly, what are its drawbacks? A research driven thread 🧵

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Redacted Research 🀄️

@RedactedRes

4 months

We are not paid or externally incentivized to do this, no. Redacted Research has never done sponsored content. We want transparency around trust assumptions for users in Web3 and that is not exclusive to a specific protocol or type of technology. Let us give you an example:

Bryan Pellegrino (臭企鹅)

@PrimordialAA

4 months

@RedactedRes Did you actually read the audit? You cannot forge anything, you cannot ever touch existing pathways, and you can DoS because Axelar has no on-chain quoting (which is laughable in the first place). There are entire portions of the audit dedicated to what you're claiming here Can

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Redacted Research 🀄️

@RedactedRes

3 months

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ Smart contracts, while excellent in enabling on-chain programmability, have inherent limitations due to their inability to access real-world data. In other words, blockchains lack awareness of external events and cannot access

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Redacted Research 🀄️

@RedactedRes

3 months

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ @eigenlayer initiated a new paradigm by separating the execution from the security layer. The result? Middleware such as bridges, oracles and DA-layer secured by Ethereum. What if it was possible to secure L1s as well? Introducing

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Redacted Research 🀄️

@RedactedRes

1 month

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ We've explored the modular intricacies of blockchains, from interoperability to execution layers. Now, imagine a game-changer that redefines how dApps, users, and computing power interact that isn't really being talked about.

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Redacted Research 🀄️

@RedactedRes

1 month

After multiple months of farming and $1.65B in TVL, $BLAST has just launched at $2.3B FDV. The current market has been extremely challenging for recent launches ($ZRO, $ZK). Will Blast be different? Everything you need to know about Blast, the Fullstack Chain and its launch 🀄

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Redacted Research 🀄️

@RedactedRes

2 months

✨🀄️ Redacted Research - EigenLayer Series 🀄️✨ Unlock the power of Multi-Signature wallets for secure crypto control. @silencelabs_sl elevates "not your keys, not your crypto" with Two-Party Multi-Computation (MPC) tech, keeping your assets safe in any scenario. 🧠 Why Silent

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Redacted Research 🀄️

@RedactedRes

4 months

The ecosystem of chains building on the OP stack that could become part of the Superchain is growing exponentially . Let us introduce you to 27 projects you must know: 🔹 @OPLabsPBC - First OP stack based chain built by the @Optimism team and boasting a TVL of $7.2B. 🔹 @base

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Redacted Research 🀄️

@RedactedRes

4 months

Amazing overview @therollupco ! 🫡 Great to see the modular ecosystem mature! A Redacted Primer on Modularity 👇 Modularity separates the core functions of a blockchain into distinct, interchangeable layers. 🧱✨ In these functional areas, specialized players emerge that build

The Rollup

@therollupco

4 months

The Modular Ecosystem Map: A market map of the 100+ projects leading the Modular Expansion.

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Redacted Research 🀄️

@RedactedRes

5 months

Alright anon, seems like it's time to get back to this bread. ✅ Short-Form Insights ✅ In-Depth Research Reports ✅ ███ ███████ Ready? 🀄

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Redacted Research 🀄️

@RedactedRes

9 days

What does it mean to 'Make Ethereum Great Again' ? ✦ > 100k Transactions per second ✦ < 1ms Block time & latency ✦ < 0.01$ Transaction fees Meet ███████ a parallel EVM L2 backed by @VitalikButerin that recently raised a $20M seed round. Redacted Mega-🧵 full of alpha

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Redacted Research 🀄️

@RedactedRes

29 days

5/ There are >40 active subnets on mainnet or testnet, which includes a broad spectrum ranging from DeFi app chains to gaming chains or modular infra layers such as shared sequencers like @movementlabsxyz M1 or @nodekitorg . However, the focus today lies on the impact of ACP-77.

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Redacted Research 🀄️

@RedactedRes

9 months

With the rapidly evolving space of modular execution layer designs, it is important to ensure a coherent, shared terminology. At @RedactedRes , we propose a layered terminology based on different levels: L0: Rollup-based Scaling Solutions Scaling solutions that put computation

Redacted Research 🀄️

@RedactedRes

9 months

@toghrulmaharram @0xDinoEggs We agree that Optimiums/Validiums are different from rollups wrt mechanics (DA) / trust assumptions. We aimed to differentiate by separating "pure" rollups from Optimiums/Validiums to keep the visualization simple. As the concepts of off-chain tx processing & tx aggregation

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Redacted Research 🀄️

@RedactedRes

29 days

4/ Independent blockchains? Yes anon. @avax is more than the primary network. It's an ecosystem of sovereign and interoperable L1 blockchains that can be fully customized and run app- or vertical-specific execution logic on what is essentially a modular blockchain SDK.

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Redacted Research 🀄️

@RedactedRes

29 days

29/ With @SuzakuNetwork , a restaking protocol for sovereign blockchains, @ash_avax will also bring restaked security to the subnet stack. Suzaku allows devs to build any kind of subnet-based AVS secured by assets like $AVAX, $ETH or even $BTC.

Emin Gün Sirer🔺

@el33th4xor

2 months

Gauthier described Suzaku, a system that orchestrates restaking for sovereign networks. It is integrated with external restaking ecosystems, such as ETH, and uses Avalanche subnets for its operation. #codebase

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Redacted Research 🀄️

@RedactedRes

8 months

One and a half months ago, we published the most comprehensive research article on @optimismFND , spanning over 100 pages to present the complete L2 solution. While the foundation has made impressive technological advancements, we were surprised by the disruption in terms of

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Redacted Research 🀄️

@RedactedRes

29 days

30/ @avax already has a strong footing in the gaming sector as well, which is another growth driving sector with a huge addressable market. Will definitely be an ecosystem to watch as modularity continues to blur the lines between L1s, L2s & other network configurations.

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Redacted Research 🀄️

@RedactedRes

29 days

1/ Avalanche is one of the most established ecosystems and strongest brands in the entire crypto space. The @avax C-Chain (Contract Chain) is one of the largest networks in terms of TVL, stablecoin supplies and on-chain activity (which has all suffered in the past months tho).

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Redacted Research 🀄️

@RedactedRes

29 days

That's a wrap! We hope you've found this thread helpful! 🫡 Make sure to follow @RedactedRes stay ahead of the curve on all things modular infra. Like/Repost of the below post is also highly appreciated! 🙏👇

Redacted Research 🀄️

@RedactedRes

29 days

Avalanche, a multi-billion $$$ ecosystem, is about to undergo a major transformation. ACP-77 will be a big step towards an ecosystem of interoperable, fully customizable & sovereign L1s. Wait, modular L1s on @avax ? Research-🧵 full of ██████ alpha on a major catalyst.

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Redacted Research 🀄️

@RedactedRes

9 months

We have done hundreds of hours of in-depth research to craft this 103 pages report🀄 Bear with us as we break down the Optimism ecosystem, exploring the underlying technology and the Superchain vision, its unique features, & how it sets itself apart from other L2 solutions! /1

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Redacted Research 🀄️

@RedactedRes

29 days

22/ Ethereum's rollup-centric roadmap and @Solana 's global shared state machine represent different scaling approaches. What @Cosmos , @avax and Ethereum do agree on though, is that dedicated execution environments and optimized stacks are key to addressing performance issues.

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Redacted Research 🀄️

@RedactedRes

29 days

7/ 🌐 What's Changing? ✦ Subnet Validators only need to sync the P-Chain, reducing hardware requirements ✦ The need to stake 2000 $AVAX is removed & replaced by a lower, continuous fee mechanism. ✦ Better builder experience & interop powered by Avalanche Warp Messaging.

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Redacted Research 🀄️

@RedactedRes

29 days

3/ In the context of ACP-77, the P-Chain, which coordinates validators and manages subnets, is the most relevant one. It is responsible for network-wide operations, including the creation and management of subnets (independent blockchains) and the validator management.

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Redacted Research 🀄️

@RedactedRes

29 days

2/ However, @avax is much more than C-Chain or a singular (EVM-compatible) execution layer. It consists of three primary chains: ✦ Contract Chain (C-Chain) ✦ Platform Chain (P-Chain) ✦ Exchange Chain (X-Chain)

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Redacted Research 🀄️

@RedactedRes

29 days

26/ Nontheless, as applications mature and seek more customizability and token utility, dedicated & sovereign blockchains will be crucial. In this context, @blockworksres sees @avax well positioned to become a leading platform to build interoperable, high-performance L1 chains.

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Redacted Research 🀄️

@RedactedRes

29 days

27/ With ACP-77 removing the last existing barriers on that front and institutional Blockchain-as-a-Service providers like @AvaCloud potentially serving as the final abstraction layer on top of the subnet stack, a subnet season (fueled by institutions) could be imminent.

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Redacted Research 🀄️

@RedactedRes

29 days

19/ 🤔 So, why does all of this matter? Global shared state machines a.k.a. general purpose L1s like Ethereum and @Solana may not satisfy global scale or offer the best developer experience or value capture.

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Redacted Research 🀄️

@RedactedRes

29 days

14/ So, how does it work on @avax ? Post ACP-77, the monthly cost of operating a Subnet will vary based on $AVAX prices, as the continuous cost paid to the P-Chain is priced in nAVAX/s.

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Redacted Research 🀄️

@RedactedRes

29 days

20/ Ethereum mainnet places heavy costs on users during high demand periods, while @Solana 's congestion issues render it near-useless during peak times. Dedicated L1 blockchains and specialized VMs can offer better performance & predictability.

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Redacted Research 🀄️

@RedactedRes

29 days

6/ 💡 Motivation Previously, validators needed to stake 2000 $AVAX (~$70k) and sync the entire Primary Network, making it costly and resource-intensive. Also, regulated entities couldn't launch subnets due to mandatory Primary Network validation posing a regulatory barrier.

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Redacted Research 🀄️

@RedactedRes

29 days

8/ To understand the competitive landscape, @blockworksres recently compared different dedicated blockchain solutions with regards to cost of validation: ✦ Ethereum Rollups ✦ @CelestiaOrg Rollups ✦ @Cosmos appchains (Hub consumer chains) ✦ Avalanche Subnets (Post ACP-77)

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Redacted Research 🀄️

@RedactedRes

9 months

Find below the link to the complete research article ⬇️ This thread will highlight the report's key parts. Let's dive in! 🀄 /2

Optimism - A Holistic Research Report

A complete research report on Optimism made by redacted minds

redactedres.substack.com

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Redacted Research 🀄️

@RedactedRes

2 months

Stay tuned as we will follow up with a deep dive into the @zksync Hyperchain vision, the ZK Stack, the tokenomics & more! Drop @RedactedRes a follow & turn on notifications. ZK summer is about to get hot. Like & RT of the below post also appreciated! 🙏👇

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Redacted Research 🀄️

@RedactedRes

29 days

9/ Post EIP-4844, rollup costs to post data to Ethereum mainnet have reduced by ~99%. Overall, based on @blockworksres data, OP Stack chains are currently the cheapest stack, at ~$2/MB of processed txs on average, compared to @Arbitrum at ~$15/MB and @ZKSync at ~$150/MB.

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Redacted Research 🀄️

@RedactedRes

29 days

18/ Additionally, @avax subnets also have the added benefit of native interop & hardware redundancy to reduce liveness risks. Thanks to Avalanche Warp Messaging (AWM), subnets are interoperable among each other and they can leverage all the infra & tooling available on C-Chain.

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Redacted Research 🀄️

@RedactedRes

29 days

21/ Global shared state machines generally limit builders' ability to customize products. Appchains, like those in the @Cosmos ecosystem or the ones built on @avax subnets, offer more design space and control, enabling better end-user experiences.

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Redacted Research 🀄️

@RedactedRes

29 days

31/ The @avax tech stack could become a core piece of infra as we're heading into a multichain future with app- and vertical-specific blockchains, customized at every level of the technology stack are on the rise. 🧠 DYOR anon.

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Redacted Research 🀄️

@RedactedRes

29 days

16/ In their analysis, @blockworksres quantified the historical daily onchain costs of operating @dexalot , a DEX currently an @avax subnet, in multiple configurations: ✦ PAYG Subnet (ACP-77) ✦ Ethereum-based OP rollup ✦ Celestia-based OP rollup ✦ Cosmos consumer chain

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Redacted Research 🀄️

@RedactedRes

29 days

17/ As the above chart shows, @blockworksres found that post ACP-77, subnet validation in this case would be more cost-effective than an Ethereum-based rollup and easily cost-competitive with a Celestia-based rollup configuration.

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Redacted Research 🀄️

@RedactedRes

2 months

14/ But back to @zksync Era. What are people doing onchain? Activity peaked between Dec 2023 and Feb 2024 when airdrop farmers flooded the chain in the hope of a juicy $ZK allocation. On Dec 25th 2023, the chain reached ATH activity with >557K daily active addresses.

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Redacted Research 🀄️

@RedactedRes

29 days

25/ Additionally, it has caused performance issues with many @Cosmos chains being susceptible to DDOS attacks due to a poor mempool design. .

Zaki ⚛️🍷

@zmanian

7 months

The @cometbft mempool is poorly designed. Cosmos teams need to build an alternative system asap. Happy to help or if someone wants to give me a grant, @iqlusioninc can hire a team and build one.

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Redacted Research 🀄️

@RedactedRes

29 days

11/ The cost per tx on all these different L2 execution layers overall strongly varies tho. Pls note the below visual only includes Ethereum rollups, uses a different metric (cost/tx) than the blockworks report (cost/MB) and that the data is sorted based on TVL, not cost.

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Redacted Research 🀄️

@RedactedRes

29 days

15/ This fee changes based on a target utilization of total subnet validators registered on P-Chain, not based on the amount of economic activity on the subnet itself.

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Redacted Research 🀄️

@RedactedRes

29 days

10/ EIP-4844 & specialized, modular DA layers like @CelestiaOrg , @AvailProject or @eigen_da solve the DA problem. Rollups that publish data to @CelestiaOrg are the evidence, being even cheaper than EIP4844 rollups and reducing data cost by >92%, with some paying only ~$0.20/MB.

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Redacted Research 🀄️

@RedactedRes

2 months

13/ The most extreme example is @starknet though with 70% of the assets on the network is just $STRK, which is currently sitting at a huge FDV with a relatively low float. The composition of the value secured on the network is worrying.

Bring Me!!

@BringMeCoins

2 months

📉 Starknet is getting worse every day, lol ▸TVL on Starknet is $1B, but $700M of that is $STRK (70%) ▸The amount of stablecoins on a network is a clear indicator of its opportunities. If there's barely any stablecoin circulation, it means people don't see a reason to move

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Redacted Research 🀄️

@RedactedRes

29 days

28/ Similar to RaaS in the Ethereum and @CelestiaOrg world, L1-as-a-Service where you can deploy fully customized L1s through a web UI could be a huge catalyst for ecosystem growth.

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Redacted Research 🀄️

@RedactedRes

29 days

13/ But back to the comparison of these different stacks. @Cosmos Hub consumer chains have bespoke revenue-sharing agreements where the Hub takes a % of economic activity. However, this model seems flawed as Stride & Neutron pay different amounts for equal economic security.

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Redacted Research 🀄️

@RedactedRes

29 days

24/ @blockworksres also points out that while rollups lack native interop standards (for now), @Cosmos chains (that have IBC) have historically suffered the issue of "tech debt", which has hurt its flexibility.

Dev Bear⛵️✨

@itsdevbear

2 months

The thing that has always bothered me about the SDK is how it forces you to do things “the way the sdk does them”, without allowing for flexibility. Things like modular encoding, allowing spinning up secondary services and generally giving the developer more control around how

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Redacted Research 🀄️

@RedactedRes

2 months

12/ It will then however be in a situation akin to @MantaNetwork where the total value secured on the chain is $777M, but 64% is $MANTA. A large % of native token in total value secured hints at an ecosystem that struggles to attracts external assets.

Louround 🥂

@Louround_

2 months

L2Beat's new feature separates the total TVL count from the chain's own token, here are some metrics ⬇️ 🔹 @MetisL2 's TVL of $629M is composed of 91% of $METIS ($587M) for a non-token TVL of $42M 🔹 @Starknet 's TVL of $1.13B is composed of 77% of $STRK ($824M) for a non-token

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Redacted Research 🀄️

@RedactedRes

4 months

🔗 Links: ( 1 ) : ( 2 ) : ( 3 ) : ( 4 ) : ( 5 ) :

AxelarDVNAdapter | Address 0xDC97F0D29a801cC2Fd8f152Cd93E96DACA750E8E | Etherscan

The Contract Address 0xDC97F0D29a801cC2Fd8f152Cd93E96DACA750E8E page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and...

etherscan.io

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Redacted Research 🀄️

@RedactedRes

29 days

23/ However, L1 maxis might argue that sovereign L1 blockchains enable apps to capture value across multiple layers & create new demand drivers for native tokens, leveraging their architecture for token utility and MEV revenue.

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2 months

6/ @zksync Era currently has a market share of 1.8% and is the 8th largest rollup based on @l2beat data. Note again that the $815M of TVB refer to the total value secured on the chain, not only the value locked in apps. It also includes borrowed assets & differs from @DefiLlama .

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29 days

12/ However, the visual does show that the rollup cost composition has changed significantly post EIP-4844 for many. Often, compute is now the key cost component. What that means in the example of @taikoxyz , I recently investigated with @RedactedRes .

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@RedactedRes

2 months

🔎📊 Investigating Taiko 📊🔍 The @taikoxyz airdrop is live & $TAIKO is sitting at a mere $2.2B FDV, only a fraction of competitors like @Starknet ($13.5B). Additionally, @taikoxyz has paid >$1M in fees since mainnet launch, which is almost 10x more than @zksync 's total cost,

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3 months

6/ Our team combines years of experience across a broad range of verticals and includes @Louround_ , @0xJermo and @zerokn0wledge_ .

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@RedactedRes

3 months

Tagging some must follow OP ecosystem contributors: @Subli_Defi @Th3Optimist @OptimismHub @OptimistMage @OPambassador @thankoptimism @Reformed_Normie @binji_x @Vonnie610 @stephanie_vee @OptimismGrants @OptimismGov @TrustlessState

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@RedactedRes

3 months

11/ The OP stack is the leading (EVM) rollup framework and with network effects playing an important role (primarily due to interop benefits), the OP stack is in a very strong position to capture market share in what many refer to as the "Stack Wars".

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@RedactedRes

9 months

We spent a lot of time crafting this article and would highly appreciate if you could support us with a Follow ( @redactedres , Like, RT/QT or comment! Thank you very much frens 🀄 Tell us in the comments which infra project you would like us to cover in the next edition ⬇️

Redacted Research 🀄️

@RedactedRes

9 months

With $600m in TVL & >$175m in funding, @OptimismFND is the 2nd largest rollup! Soon the Superchain will merge OP chains into one interoperable L2 ecosystem! We @RedactedRes have done 100s of hours of research & compiled a 100+ page report of alpha! Entirely for FREE! 🀄

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4 months

✨🔴 Staying Optimistic on Fault Proofs 🔴✨ Currently, the OP stack doesn't have a live fault proving mechanism. This introduces significant trust assumptions. Let us unpack what it means and why it matters in the context of the Superchain. 👇 The @Optimism Superchain will

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@RedactedRes

3 months

2/ In our report we cover: ✦ The OP Stack ✦ Scaling Ethereum Values on L2 ✦ The Superchain Ecosystem ✦ The Road Ahead ✦ Conclusion Stay with us for a brief TL;DR. 👇

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@RedactedRes

2 months

7/ With a @DefiLlama TVL of $165.5M on the network, @zksync confirms its leading role among the general purpose validity rollups (zkEVMs for now) in the market. This now only includes assets that are locked/deployed in applications on the chain.

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@RedactedRes

3 months

Most notable OP Stack chains: @rss3_ @Mint_Blockchain @aevoxyz @Blast_L2 @0xMantle @BNBCHAIN (opBNB) @swan_chain @kroma_network @zentachain @EspressoSys @DeBankDeFi @ZircuitL2 @MantaNetwork @RolluxL2 @0xcurio @foamspace

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@RedactedRes

2 months

1/ If we assume 10% of the supply being dedicated to the first airdrop, $ZK is a $1.5B airdrop and would rank 7th in the below list right out of the gates. With additional airdrops and a potentially rising valuation over the bull, $ZK could very well move up the list though.

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2 months

27/ For a complete assessment of $ZK as an investment or to decide when to sell a potential airdrop, a lot more factors have to be taken into consideration. Aside onchain activity and the Hyperchain vision this includes tokenomics, go to market plan, etc.

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2 months

2/ 2024 is shaping up to become one of the hottest airdrop seasons we have seen to date. The value of airdrops will likely be in the tens of billions, especially if like @coingecko , we look at ATH valuations throughout the cycle.

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3 months

12/ In conclusion, we believe that the Optimism ecosystem is uniquely well positioned to remain a dominant stack for rollups built on Ethereum long-term.

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@RedactedRes

9 months

The concept is based on the idea that a blockchain cannot reach all three core qualities that any blockchain network should strive to have all at once: 🔹 Scalability 🔹 Security 🔹 Decentralization /6

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@RedactedRes

3 months

5/ A crucial architectural feature of the OP Stack is its modularity. In our report, we explore the four key layers: ✦ Sequencing ✦ Execution ✦ Settlement ✦ Data Availability Across any of these layers, OP chains can be customized & optimized for specific verticals.

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2 months

5/ @zksync Era was the first zkEVM to market. Today it is the largest validity (a.k.a. ZK) rollup measured in terms of total value bridged ($815m). This includes all assets on the network, regardless of whether they are held in wallets or sit in contracts (Total Value Bridged).

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3 months

10/ The ecosystem of OP stack based rollups is constantly expanding and already counts over 35 chains. A huge pool from which the Superchain can source additions to its overarching vision of a unified ecosystem that scales the values of Ethereum on L2.

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2 months

3/ Please note that the data only includes airdrops until 2023 and has been updated for the last time in March 2023. 2024 airdrops like @alt_layer ($100M), @ether_fi ($210M) and @MantaNetwork with 30M $MANTA, are not on the list, but also much smaller than the leaders here.

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3 months

1/ In the past months, we went deep down the Optimism rabbit hole to assess the state of the ecosystem. This resulted in the most comprehensive guide to the OP stack, the Superchain vision and beyond in 2024! Let's dive in!

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@RedactedRes

9 months

1. Introduction Aiming to solve Ethereum’s scalability problem, Optimism’s OP Mainnet was one of the first general purpose EVM rollups to go live on mainnet. Since its launch, Optimism has consistently been at the forefront of L2 innovation. /3

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2 months

4/ For the $ZK airdrop, onchain data suggests that we are looking at hundreds of thousands if not millions of eligible wallets. Is ZK summer finally here? Get yourself a coffee and get comfortable anon. This will take some time.

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@RedactedRes

2 months

22/ Nevertheless, @zksync Era has a comparably impressive ecosystem of DeFi applications. Over 100 applications put @zksync Era before other L2 ecosystems like @LineaBuild , @0xMantle , @Scroll_ZKP , @MetisL2 or @0xPolygon zkEVM.

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3 months

8/ The Superchain aims to enhance scalability horizontally, allowing new chains to deploy seamlessly, sharing security, bridging, upgrades, governance, and communication. All while remaining entirely open-source.

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@RedactedRes

2 months

24/ Additionally, a lot of historical activity seems to have been driven by airdrop farmers, which is evidenced by the decline in activity over the past months. However, the TVL injection of the $ZK launch could spur another growth phase for this still healthy ecosystem.

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3 months

The Superchain ecosystem: @OrderlyNetwork @PontemNetwork @worldcoin @LiskHQ @redstonexyz @modenetwork @Optimism @base @ourZORA @build_on_bob @CyberConnectHQ @lyrafinance @Ancient8_gg @fraxfinance OVM (pre-Bedrock version of OP stack) @MetisL2 @bobanetwork

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2 months

23/ Okay, so what is the conclusion here? @zksync Era is a leading L2 ecosystem and with the token launch, the hottest ZK-powered L2 in the market right now (most eyes on it). Nonetheless, there is a considerable gap in activity and TVB/TVL compared to more mature ecosystems.

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2 months

15/ With the $ZK airdrop approaching, a notable fall in on-chain activity has become evident. Not only in terms of active addresses, but also in terms of transactions on the network. Daily tx volume peaked on the 16th of Dec 2023 at roughly 5.4M.

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@RedactedRes

2 months

11/ TVL & TVB numbers alone are not what matters though. The $ZK airdrop will potentially inject over $1.5B into the ecosystem, pushing value bridged to / secured on the chain (TVB) beyond $2B. This would catapult @zksync to 5th spot in @l2beat 's TVB ranking.

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@RedactedRes

2 months

10/ @Starknet (probably @zksync 's main competitor) also stands out here with 37%. @nostrafinance with over $260M is the clear leader in the ecosystem, with TVL up 24% on the month.

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