Token Relations

In this week's Optimism Foundation ecosystem overview, we dove into the latest happenings on the Superchain Uniswap Labs announced the launch of Unichain, a layer-2 blockchain (L2) built using the OP Stack that will join the Superchain Unichain looks to integrate 1-second block times and Flashbots to further reduce transaction confirmation times to 250 milliseconds. This can be a faster solution for DeFi users to obtain near-instant transaction experiences, which in turn could enhance the overall user experience As part of the Superchain, Unichain will contribute a portion of its revenue to the Optimism Collective and participate in shared governance For context, Uniswap generated about $1.3 billion in trading and settlement fees last year, providing the protocol and its token holders no value in return, according to Michael Nadeau, founder of The DeFi Report Read the full details here: https://lnkd.in/g5F3n4DN

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Polygon Labs bought $2 million worth of nodes to help grow Moonveil Entertainment’s gaming-centric layer-2 blockchain Moonveil plans to leverage the Polygon Chain Development Kit (CDK) and connect to the AggLayer to help enable modular operations and cross-chain liquidity. This ecosystem aims to be a key foundation for gaming product developments and Polygon Labs’ strategic investment will be allocated across each tier, the firm said Moonveil leverages nodes to facilitate greater decentralization in its network and align with advancements in the Polygon CDK. This is important because nodes are essential for decentralizing key functions, such as Data Availability (DA) and proof verification Read more about the full integration here: https://lnkd.in/ghGAwwkV

Shoutout to Token Relations for being featured in this week’s edition 🔥👇🏼

Moonveil Entertainment, a gaming-centric layer-2 network, announced a partnership with Sonic, a Solana-focused SVM chain, with the goal of improving interoperability for gaming within the AggLayer and across ecosystems. Moonveil plans to leverage the Polygon Chain Development Kit (CDK) and zero-knowledge proofs as well as connect to the AggLayer to provide a more secure game development experience. Its goal is to offer seamless cross-chain liquidity, interoperable rewards, and a more unified gamer experience for users. Moonveil also wants to help scale web3 games with increased liquidity options and implement a gamified rewards system, which can onboard more traders and gamers alike. If you want to learn more about interoperability and how this partnership can onboard the next million users to web3 gaming and blockchain technology, check out the details here: https://lnkd.in/e8GRFvM7 We dove into Moonveil and Sonic and what they're building for the AggLayer. We also highlight projects building on top of the Polygon Labs ecosystem and community members who went and above and beyond.

Solana-based DePIN DeCharge Network heats up as EV charging market dives further into the sector https://lnkd.in/eDdZ75pj

Coinbase’s L2 Base hit 5.27 million daily transactions on Friday, marking an all-time high metric for the network. The transaction volume on Base has grown substantially since March and is up over 1,000% since the beginning of 2024. Since mid-August, the network has maintained over 4 million daily transactions and more than 1 million active users, the data shows. Base, which is built on the OP stack, accounts for 71.7% of total transactions within the Superchain, according to data from the Superchain Health Dashboard (https://lnkd.in/eRyg_GWM). This highlights its growing market share and influence, likely driven by developer innovations, user incentives, and an increase in attention on the protocol.  Read more about all the details and what might be contributing to Base's growth, and how it affects OP Labs PBC's Superchain: https://lnkd.in/eGQajGnq

Polygon Labs co-founder Sandeep Nailwal and IoTeX co-founder Raullen Chai shared IoTeX’s decentralized physical infrastructure network (DePIN) technology will be integrated into the AggLayer The DePIN sector is hot this market cycle in web3 and for real world use cases across areas like electric vehicles, cellular connectivity and other areas. This announcement comes at a time when blockchains and DePIN projects alike are looking for more ways to collaborate and expand the subsector. IoTeX uses DePIN infrastructure to manage user’s onchain identity that can provide access to a multi-chain ecosystem. Read more about this collaboration and why it matters for the DePIN sector and the growth of the AggLayer Details here: https://lnkd.in/eDtWhspQ

ParaFi Capital, a digital asset management firm with over $1 billion in AUM, partnered with Securitize to tokenize a portion of one of its venture funds on the Avalanche network As one of the largest investors in real-world asset tokenization, ParaFi’s decision to utilize Securitize and Avalanche proves the growing recognition of the blockchain as an efficient, secure, and transparent method for managing and trading financial assets In general, the usage of blockchain technology could speed up settlement processes and offer long-term advantages such as liquidity or reduce administrative costs If institutional firms continue to choose to utilize Avalanche’s infrastructure to come onchain, the network can become the go-to landing place for institutional investors looking to tokenize their venture funds and assets If you wanna read more this partnership, what it means for the Avalanche ecosystem, and how blockchain technology is taking the traditional finance world by storm... Read more here: https://lnkd.in/ezR8BaXY

OP Labs collaborated with Succinct to release OP Succinct, a toolkit that chains and rollups can use to integrate zero knowledge proofs (ZKPs). OP Succinct aims to make it easier to convert an OP Stack chain that uses optimistic rollups and upgrade to ZK rollups by leveraging SP1, Succinct’s zkVM, to give developers the option to enable ZKP for their rollups. Traditionally, OP Stack chains have been deployed using optimistic rollups. However, with the release of OP Succinct, OP Stack rollups can now use ZKP technology. This is important because ZK technology is seen as more secure, offers faster finality, and is a better cost efficient option compared to optimistic rollups. Read the entire overview here and why it matters for the broader ecosystem and crypto developer world: https://lnkd.in/eFw27p4T