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The Ethereum Foundation is going through a bit of civil unrest, but work on the world computer continues. Enter the next iteration of rollup design: native rollups. |
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CCIP transfer volume: |
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The hybrid layer-2 Build on Bitcoin (BOB) is adopting Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure. The chart above highlights the tokens most actively bridged via CCIP. USDC leads the pack at 66% of total USD volume, followed by Aave's stablecoin (GHO) at 15.5%, and SolvBTC at 5.7%. |
Aave primarily utilizes CCIP for GHO transfers to and from Arbitrum. |
BOB's use of CCIP will provide a secure bridge for SolvBTC and its Babylon-staked counterpart, SolvBTC.BBN. |
"CCIP will complement BOB's trust-minimized BitVM bridge to Bitcoin and native bridge to Ethereum," the BOB team said. A prototype of the BitVM bridge was tested in December. |
— Macauley Peterson |
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Zerebro is the most creative AI agent on the internet breaking through the paradigms of what we normally think of artificial intelligence and crypto. |
Zerebro is an autonomous AI agent that creates viral music, cross-chain NFTs, runs its own Ethereum Mainnet validator, and posts across various social media platforms while learning and evolving with every interaction.
Additionally, Zerebro's architecture is built decentralized networks and is replicable through the ZerePy open source framework. |
The goal for Zerebro is to push the agentic future by advancing technical and creative capabilities. |
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Enter the native rollup |
The Ethereum Foundation is going through a bit of civil unrest, but work on the world computer continues. |
Ethereum researcher Justin Drake published on the ethresearch forums yesterday a compilation article on a new rollup design known as "native rollups." |
If you're non-technical like I am, keeping up with Ethereum's ever-changing landscape of rollup designs is tedious — let alone keeping up with its entire infrastructural stack. |
But the simplest way to think about native rollups is that it relies on Ethereum L1 validators for proving, i.e., state transition function and validation. |
This contrasts with optimistic rollups (e.g., Optimism, Arbitrum) or zk-rollups (e.g. Starknet, ZKsync) that push the computational burden of execution to an L2 before relying on a fraud or zk proof system to generate a state root and proof which settles back on mainnet. |
These proof systems are code-heavy and subject to bugs and other vulnerabilities, which is why rollup sequencers — the entity that orders transactions on an L2 — have historically been centralized. Complaints about sequencer centralization in turn have spurred "based" rollup designs like Taiko that rely on Ethereum L1 validators to perform sequencing (you can read all about it here). |
But back to native rollups. Drake's proposal suggests introducing an "execute" precompile — a hardcoded function into the EVM — that will verify EVM state transitions of users' transactions. This achieves a few breakthroughs: |
Native rollups no longer need to invest in and maintain expensive prover networks of miners with specialized GPU hardware since proving would be handled and enforced by L1 validators. Native rollups no longer need to maintain complex governance structures involving trusted security councils to approve contract upgrades in order to achieve EVM-equivalency.
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Both of these unlocks in effect make native rollups "trustless" by inheriting the security of Ethereum L1. |
Finally, like based rollups, native rollups would enjoy "synchronous composability," which refers to the ability of onchain transactions to be composable across different rollup chains, rather than being fragmented. The return to seamless fungibility of assets across L1 and L2 chains would solve the longstanding UX problem of constant bridging across chains. |
Unlike based rollups, however, native rollup execution will not be constrained by the 12-second block time. Thanks to the "execute" precompile, L1 validators will only need to verify zk proofs without having to perform computation themselves. |
Could native rollups mitigate the problem of ETH value accrual? Perhaps. |
As I understand it, validators would enforce execution with the new precompile, which would make ETH necessary for transaction settlement. |
Second, the elimination of L2 governance (and its tokens) could redirect value back to ETH as the primary value sink. |
Native rollups represent yet another incremental but pivotal step toward reinforcing Ethereum's value proposition and ETH's role as the foundation of the decentralized ecosystem. |
— Donovan Choy |
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EigenLayer Rewards v2 went live yesterday on Ethereum mainnet, offering new ways to earn rewards from EigenLayer Actively Validated Services (AVS).
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The Rewards v2 update allows for Batch Rewards Claiming, which reduces gas costs by enabling users to claim multiple rewards in a single transaction. This efficiency upgrade aims to optimize both economic and operational flexibility, allowing users to earn more with fewer transactions. |
As an example, perp DEX Aevo is incentivizing users to deposit Etherfi's weETH (EigenLayer restaked ether) as collateral to use for trading. In doing so, traders can earn rewards in EIGEN. |
— Macauley Peterson |
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Proposed changes to Solana inflation: |
SIMD 228 proposes a dynamic emission mechanism for SOL, adjusting the inflation rate based on a target staking ratio of 50%. (SIMD stands for Solana Improvement and Maintenance Document, akin to Ethereum EIPs.) |
This would replace the current fixed emission schedule, and reduce inflation by 15% annually until it reaches 1.5%. Currently, SOL's annual inflation rate is around 4.05%, with substantial daily issuance and burning. SIMD 228 aims to reduce inflation faster, potentially lowering it to zero in 12 days if staking behavior remains unchanged. |
The reduction in issuance could encourage DeFi activity, with staking yields likely dropping to around 3%. However, if staking participation decreases in response to lower inflation, the impact on yield may stabilize at 0.75% annual inflation. Additionally, SIMD 228 could decrease dilution for non-stakers and boost SOL's use in DeFi apps. To complement this, SIMD 123 is considered vital for enabling validators to share unburned fees with stakers. |
For full details, check out the latest Blockworks Research Flashnote by Carlos Gonzalez Campo. |
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This June, Brooklyn becomes the hub for developers, problem-solvers, and builders shaping the onchain future. From technical deep dives to collaboration opportunities, Permissionless IV is where the brightest minds tackle the challenges and opportunities in Web3. |
📅 June 24–26 | Brooklyn, NY |
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 | Liam @liamherbst_ |  |
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Chatted with the Virtuals team. The updated fee structure was not reflected in this dashboard. Their fees yesterday were: · Agent creations: $10k
· Pre-bonding trades: $52k
· Post-bonding trades: $134k Bringing total fees 88% below ATH (adjusted for daily USD values).… x.com/i/web/status/1… | Liam @liamherbst_ Virtuals did $13k of revenue yesterday. Down 99.4% from ATH. |
| | | 5:03 PM • Jan 21, 2025 | | | | | | 209 Likes 19 Retweets | 54 Replies |
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|  | Konstantin Lomashuk cyber/acc @Lomashuk | |
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👀 |  Second Foundation @2nd_foundation_
hello world computer |
| | | 1:37 PM • Jan 22, 2025 | | | | | | 428 Likes 25 Retweets | 61 Replies |
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|  | Austin Federa | IBRL | 🇺🇸 @Austin_Federa | |
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The idea that @coinbase is intentionally sabotaging Solana is baseless. I've spoken with a number of folks over there working on rebuilding their systems and it's just classic big-company engineering stuff. This does't mean it's acceptable –– to them internally or to us users… x.com/i/web/status/1… | | | 7:44 PM • Jan 21, 2025 | | | | | | 666 Likes 36 Retweets | 154 Replies |
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| | Second Foundation @2nd_foundation_ | |
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hello world computer | | | 1:30 PM • Jan 22, 2025 | | | | | | 1.81K Likes 260 Retweets | 539 Replies |
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