Ethereum Layer 2 News Roundup – Week 32

Aug 2023

Table of Contents

This week: Celebrate SecondLive 2nd Anniversary and earn incredible NFT + Token rewards, Ethereum deFi dashboard DeBank launches Layer-2 on Optimism’s OP stack, Mode Network launches the Mode Public Testnet, complete Eldfell (Taiko L3 testnet) quests for potential airdrop, and more Ethereum updates.

KEY TAKEAWAYS

Celebrate SecondLive 2nd Anniversary and Earn Incredible NFT + Token Rewards
Ethereum DeFi Dashboard DeBank Launches Layer-2 on Optimism’s OP Stack
Mode Network Launches the Mode Public Testnet
Complete Eldfell (Taiko L3 testnet) Quests for Potential Airdrop

ECOSYSTEM UPDATES

Ethereum DeFi Dashboard DeBank Launches Layer-2 on Optimism’s OP Stack

DeBank, a DeFi portfolio visualisation and blockchain explorer platform, has announced the launch of DeBank Chain, a new layer-2 blockchain built on Optimism’s OP Stack. DeBank Chain is billed as an “asset layer for social” and is built as an optimistic rollup, a type of layer-2 scaling solution that offers a high throughput and low fees

DeBank launched the testnet of its layer-2 network on 11th August with plans “to roll out the Mainnet in 2024.” For more details, visit here.

Mode Network Launches the Mode Public Testnet

Mode announces the launch of the Mode Public Testnet on August 7th. Mode is the OP Stack Layer 2 designed for hyper-growth that directly rewards developers, users & protocols to grow Mode & Optimism Superchain ecosystem.

Mode mainnet will offer features like revenue sharing for smart contract developers, referral revenue for bringing new participants, a project growth dashboard, and tools for scaling communities. Their goal is to become the leading L2 and the hub for user and liquidity in the Superchain.

Celebrate SecondLive 2nd Anniversary and Earn Incredible NFT + Token Rewards

SecondLive is celebrating their second anniversary from August 6th to August 26th. They have planned an extraordinary event that features an exclusive commemorative NFT as a token of appreciation to the community. The NFT offers future benefits and rewards to its owners across multiple chains.

Additionally, users can participate in the Birthday Costume Design Contest, an event that encourages creativity, showcases design proficiency, and enriches the dynamic fashion domain of SecondLive. Alluring rewards such as $USDT and $BEAN tokens are up for grabs. For more details, visit here.

Complete Eldfell (Taiko L3 testnet) Quests for Potential Airdrop

Taiko’s fourth testnet, Eldfell L3 (alpha-4), is live. This testnet is designed to test two new features: deploying Taiko on Taiko as an L3 inception layer and testing a new staking-based prover economics.

Inception layers are a new way to scale blockchains. They allow a blockchain to be built on top of another blockchain, which can lead to significant improvements in scalability and performance. Taiko’s Eldfell L3 testnet is the first time an inception layer has been used to scale a ZK-rollup.

For a step-by-step guide on how to complete Eldfell L3 quests, visit here.