Before launching Aave V4 on Mainnet, the team validated its logic across 4M Virtual TestNet instances.
As institutional and fintech teams build on top of Aave, testing and validating integrations with the protocol is essential for building resilient financial systems.
And Virtual TestNets make this possible. 🤝
Fireside chat happening now at Pragma Cannes 📍
DeFi is scaling fast and agents are writing more code than ever. The risk surface is growing with it.
@bendzi, CEO of @TenderlyApp, discusses the future of dev-tools.
Tenderly is live on @tempo Mainnet from day one.
Tempo is built from the ground up for payments.
Fast. Reliable. Predictable.
Here's what Tenderly brings to Tempo builders 🧵
https://t.co/rTH0NRKEF9
considering a pilot Ethereum community hub in San Francisco
a high signal place to support people building on Ethereum, or anyone who wants to learn / help grow the SF ethereum community
Who's the best person to run this or help kickstart? DMs open 🥹
We're growing! 🙌
Tenderly has 11 open roles across engineering, product, sales, and customer success.
If you’re passionate about building the future of Web3, this is your chance to join a team shaping it from the ground up. 🧵👇
🔗 Apply now: https://t.co/awICNq2y1i
Let's be clear about something regarding Ethereum.
1. Highest security
First of all Ethereum has the highest security amongst the programmable execution environments.
Yes this matters. When world moves onchain, that means that most important and mission critical use-cases will use Ethereum. Most importantly this means $25T finance industry.
2. DeFi TVL
The only PMF for onchain has been DeFi. Out of the 122B TVL Ethereum is the home for over half of it and almost 6x to the second biggest.
The economies of scale is on Ethereum. Mainnet Aave is the only place you can borrow $1B in stables by posting a collateral. You can't do it anywhere else.
All the most relevant DeFi innovation I keep being pitched is still on Ethereum.
3. Developer ecosystem and tooling
While building DeFi sounds an easy to replicate anywhere, that is not really the case. DeFi protocols need solid network security and stability to be able to serve collateralized products and any product that include a oracle price feed.
Second, in most nascent network ecosystems its much more harder to build DeFi and to secure it.
Ethereum has advantage here as the developer ecosystem has build solid tooling around development (Hardhat, Foundry), multiple different testing tools, i.e. different fuzzy-testing, simulation tooling such as Tenderly for debugging and robust ecosystem of auditors that are really going deep into the code and caring, not just rubber stamping audit reports.
4. EVM innovation
EVM has been the most valuable innovation in the Ethereum ecosystem. We are seeing more exciting innovation happening on EVM space, including from ZK-based EVMs to solve scalability from ZKSync, Scroll to Linea and Succinct. Instead of seeing one path of innovation, we are seeing multiple options competing to provide the best scalability and also privacy for users.
5. L2 strategy (+ Beef up Ethereum L1)
People critisize the L2 strategy on Ethereum but it actually works. It allows L1 to offer highest security for Ethereum while allowing innovation to foster on L2s (as per previous point). Every major exchange or institution is looking to run their own network. They want customization and they want economics.
How I would like to see this continue is that we keep innovating on the L1 side, and beef up Ethereum mainnet, faster.
Once cross-chain liquidity is solved and ux challenges are removed, it all feels unified, and super fast.
6. POTUS is building on Ethereum
WLF Aave instance is going to be deployed on Ethereum mainnet. Lot of innovation will follow on DeFi with WLF. This is where POTUS fundamentals are happening.
7. The institutions are deploying on Ethereum
For institutions like BlackRock their main base is Ethereum and this is because Ethereum provides the highest security and stability for institutions to issue assets like RWAs, its also where all the DeFi network effects are.
8. Talent pool
Most of the talented smart contract developers are on Ethereum, writing Solidity. This is also the reason why the most biggest protocols are on Ethereum and have been running for years and the same reason why the developer tooling on Ethereum is light years ahead of everything else. It's a more mature ecosystem.
Remember, onchain is full of short term (very risky) opportunities that take the moment of attention but what really matters down the line is fundamentals. The ecosystems and its users that focus most of fundamentals will get the most adoption.
It's just a matter of time when ETH pumps, but when it does, it's going to be the biggest revenge pump ever.
We already have new one-click integrations on Conduit Marketplace!
@TenderlyApp's full-stack developer toolbox is now available on the one-click model. Add it to your rollup to equip devs with a virtual testnet, gas profiler, debugger, and more!
Had the amazing opportunity to work with @KAndrewHuang and the team on making the @TenderlyApp 🤝 @conduitxyz rollup integration even easier!
We are one step closer to having Tenderly tooling available for every developer in the L2 ecosystem.
We’re excited to introduce Conduit Marketplace!
Conduit chains can now get best-in-class tooling from 48 providers directly from the Conduit platform. Apps listed on Marketplace get instant distribution to every chain deployed with Conduit. Learn how it works below ⬇️
There is no escape!
For a whirlwind tour of the bleeding edge of Web3 tech, Frontiers was the place to be!! 🔥The quality of speakers and content assembled by @gakonst and the crew is insane.
Also, the OSS-flavored metallic keycaps look insane! 🤯🤯🤯
Thrilled to announce the @conduitxyz Series A, with @Paradigm doubling down and co-leading with @HaunVentures
We want to make onchain compute as accessible as cloud compute so that crypto devs can build without limits. More below on how this raise advances that goal
Get an overview of the EVM networks in 2023. 🌐
The ecosystem is becoming increasingly multichain, with several scaling solutions showing an increase in on-chain activity. 📈
Plus, launching new chains is easier than ever!
Read the full report here 🧵
https://t.co/VmDcZLagkt
Calling all @BuildOnBase developers! If you are building on Base Goerli you should consider using @TenderlyApp infra since Tenderly is faster than Base's public endpoints from Europe, N.America, Asia, Australia and ME & Africa
https://t.co/DGs4PskfaK
⚙️ Today we’re launching Conduit Integrations
Rollups on Conduit, like @ourZora and @pgn_eth, can extend their chains with all the apps and services their users need. From bridging to account abstraction – we connect our customers with the right people
Super excited! I am an official employee with @TenderlyApp! So so excited to be on...
--THIS team teaching
--THIS web3 solution at
--THIS time in web3...
🚀🌙
#web3#blockchain