Layer 2 TVL tags new all-time excessive regardless of throughput sliding.
Outstanding Ethereum Layer 2 groups are readying to embrace a brand new customary for rollups that would enhance L2 interoperability with mainstream tech.
On Feb. 10, Scroll introduced the finalization of the primary Rollup Enchancment Proposal, RIP-7212.
The brand new customary helps precompiling for the secp256r1 curve, which is used broadly throughout the web. The brand new customary is designed to enhance the compatibility of sensible contract execution with current {hardware} and software program distributors, together with Apple and Android. For instance, the usual may facilitate transaction signing through biometric authentication on cellular gadgets.
“All of tech makes use of [secp256r1], so having a precompile for it might enable issues like storing keys in iPhone safe enclaves,” tweeted Tim Beiko of the Ethereum Protocol Guild.
The brand new customary was finalized in the course of the Feb. 7 RollCall assembly, a collaborative name between distinguished Layer 2 groups.
Scroll mentioned Polygon has already dedicated to implementing the usual as a part of its forthcoming Napoli improve, whereas ZkSync is making ready to undertake RIP-7212 someday round April. The workforce added that Optimism and Kakarot are additionally engaged on integrating the brand new customary shifting ahead. Evmos, a Cosmos-based community supporting Ethereum sensible contract execution, has additionally moved to help the usual.
“At the least three rollup groups have already dedicated to implementing this new customary,” Scroll tweeted.
The usual was first described as an Ethereum Enchancment Proposal (EIP) throughout June 2023, however was later reimagined as an improve for rollups as a consequence of most Layer 2s shifting to introduce native help for account abstraction.
Scroll additionally celebrated the finalization of RIP-7212 as setting the stage for future enchancment proposals completely designed for rollups.
“This week’s RollCall breakout name was an attention-grabbing exploration into how standardization frameworks evolve and mature over time,” Scroll mentioned.
The information comes as the overall worth locked (TVL) in Layer 2 networks is posting new all-time highs following current bullish momentum within the digital asset markets.
Greater than $23.3B value of crypto is at the moment held on Ethereum Layer 2s, in line with L2beat. Arbitrum at the moment boasts a 49% market share and is urgent into new highs of roughly $11.5B, adopted by Optimism with a 26% dominance and $6B TVL.
Nevertheless, on-chain exercise throughout Layer 2 networks additionally sank to 41.5 transactions per second (TPS) on Feb. 9 — its lowest degree since Dec. 1.
