More users moved from Blockchain Layer 1 to Layer-2s over the past week at Ethereum Scaling Solutions (Layer-2s). Here is a recap of the Ethereum Weekly Ecosystem.

Key Takeaways

  • Ethereum & Layer-2s On-chain Data Highlights
  • Metis announces LayerZero is official live on Metis Goerli Testnet
  • zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
  • Raise Launchpad product testnet on zkSync 2.0
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Ecosystem Updates

What should we do now that the crypto market is extremely bearish?

Ethereum & Layer-2s On-chain Data Highlights

Ethereum Weekly Recap Week 47 (17/11 - 23/11) - 1

Through data indicators like Active Addresses and Total Value Locked in L1 Ethereum over the previous week, both the Layer-2s and Ethereum ecosystems indicated a slight increase.

Both ecosystems experienced these increases. The cryptocurrency market is expected to experience numerous ups and downs in the future, but the creator will always maintain a stable state in order to keep creating and making contributions to society.

Weekly Highlight News

Ethereum News

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zkSync has raised $458M in mission-driven funding and will go full open source at their next milestone
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Matter Labs closed a $200 million Series C funding round led by Blockchain Capital and Dragonfly with participation from LightSpeed Venture Partners, Variant, and Andreessen Horowitz. The company has raised $458 million, including $200 million from BitDAO for ecosystem projects.
In the past two years, venture capital has flowed freely into blockchain projects, but investors are more cautious now. According to Cointelegraph Research, crypto and blockchain venture funding fell 66% quarter-on-quarter. 2022 could set records for funding deals and total capital raised.
Raise Launchpad announced the launch of their Raise Launchpad product testnet on zkSync 2.0

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Raise Finance, a platform for decentralized on-chain payments and fundraising built on zkSync 2.0 where functions (features) will be tested:
  • Staking
  • Getting tier-level & Tickets
  • Whitelisting mechanism
  • Investing & Purchasing
  • Claiming token & Token distribution

Product Development

  • Raise Finance
  • Raise Pay
  • Raise Store
  • Raise Launchpad (Currently, products are in the testing phase)
Celer Expands Support of zkSync to Include Asset Bridging and Message Passing (Celer IM) for zkSync 2.0
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After integrating asset bridging and generic message passing (Celer IM) for zkSync in early 2022, they’re happy to continue supporting their growth. 

After integrating asset bridging and generic message passing (Celer IM) for zkSync in early 2022, they’re happy to continue supporting their growth. 

They can continue to enable interoperability between zkSync and other ecosystems and provide fast, secure, and easy cross-chain user experiences.

Celer will continue to support asset bridging for external chain-to-mainnet token transfers. We’ll also support Celer’s Inter-chain Messaging Framework, a generic message passing protocol, to enable developers to build cross-chain dApps on zkSync 2.0.

This will allow dApps to create smooth cross-chain UXs between zkSync 2.0 and external blockchains and support NFT bridges, the ability to buy and sell NFTs across chains, and cross-chain reward claiming. All of these are possible with Celer IM’s one-click, one-transaction UX.
Additional Notable Events

Notable Threads of the week

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Additional Ethereum News

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