QAO

[Nethermind @Nethermind]

Aztec Alpha went live last quarter. The first privacy ZK rollup with full private smart contract execution on Ethereum mainnet.

We shipped a multi-asset fee payment contract (FPC) to testnet. FPCs are native to @aztecnetwork. What was missing was a version that supports non-native assets. With ours, users bridge USDC and pay fees in it directly, with no separate fee token to acquire first. One less wall between a new user and their first transaction.

Our Aztec Governance Dashboard went live. Our AztecNodes explorer added mainnet support. Plus developer tools: a faucet, a linter, an installable set of agent skills. And underneath, the protocol kept getting harder to break. 34 audit findings closed. Incident response through three post-launch events.

Privacy on Ethereum was a research direction for a decade. Last quarter, it became a working stack.

[binji @binji_x]

People are freaking out thinking the L2 roadmap got dismantled.

It didn't.

It evolved, literally !

The old roadmap:

L2s were branded shards aka mini-Ethereum but cheap. Aka “your job is to scale and that’s it.”

But! L2s did amazing things, they outcompeted, they spread what’s possible, they made people believe and actually USE this thing.

So!

The new roadmap: L2s are specialized chains that inherit Ethereum's security.

The goal is now to be the best at somETHing.

Privacy.
Gaming.
DeFi.
Speed.
AI.
Social.
Institutional.

Whatever your USERS need.

The politics, the “acknowledgment” does not matter, the proof is much realer (literally).

This IS NOT Ethereum stepping back from L2s.

ITS L2s stepping Forward.

Stage 1 = minimum if you're handling ETH.

Beyond that?

Differentiate.
Get weird.
Build what only YOU can build.

by the way the native rollup exists and is a REAL effort !

AKA ZK verification built into the protocol itself.

This is literally Ethereum investing deeper in L2s, not walking away.

The roadmap DID NOT get dismantled.

It got upgraded.

IT GOT FREER

IT GOT MORE REAL.

WE HAVE A JOB TO DO

and the job is to bring this to the world

togETHer.

If you're building on an L2 right now, nothing changed except your ceiling.

It just got higher.

[The Book of Ethereum 📘 booe.eth @Bookof_Eth]

Three things stand out here:

1. The admission that L2-as-branded-shard is dead. L1 scaling + L2 reluctance to decentralize killed that vision. No point pretending otherwise.
2. "Stage 1 minimum or you're just a separate L1 with a bridge" is the new bar. This reframes a lot of projects overnight. Some will hate this clarity.
3. The native rollup precompile is underrated. Enshrined ZK-EVM verification that auto-upgrades with Ethereum and gets hard-fork protection if bugged, that's the infrastructure that makes trustless interop actually possible.
The L2s that win from here are the ones building things L1 genuinely can't do: privacy, non-EVM VMs, specialized non-financial apps, sub-second latency. "Cheaper gas" isn't a moat anymore.

Honest framing > hopium narratives. This is good for Ethereum long-term.

[QAO @qa_qao]

@Aaquibzy @Tdayz_X @aztecnetwork The votes came from the sequencers. All sequencers had their voting power delegated to the rollup contract. And this rollup contract can vote with the entirety of the sequencers voting power. The vote function in the rollup contract could be called by anyone. Including you.

[Ethereum @ethereum]

Ethereum is the #1 choice for global financial institutions.

Over the last few months, adoption has accelerated. Here are 35 stories of how institutions are building on Ethereum.

1/ @krakenfx launched xStocks on Ethereum, issuing tokenized versions of popular U.S. stocks and ETFs as ERC-20 tokens.

Kraken’s eligible clients can now deposit and withdraw fully collateralized equities, directly on Ethereum.

2/ @OndoFinance launched Ondo Global Markets on Ethereum with 100+ tokenized U.S. stocks & ETFs.

24/7 access to programmable equities, backed by real securities, is now available alongside DeFi integrations for lending, trading, and more.

3/ @ChinaAMC_HK launched its Select USD Money Market Fund on Ethereum, one of the first tokenized funds from a major Chinese asset manager.

One of Asia’s largest firms (over $449B AUM) now provides access to high-quality, short-term USD instruments with 24/7 settlement.

4/ @Fidelity introduced the FDIT tokenized money market fund on Ethereum.

The Fidelity Digital Interest Token (FDIT) brings the bank’s investors the speed of onchain settlement alongside the stability of traditional instruments.

5/ @Google announced the Agent Payments Protocol (AP2), enabling AI agents to autonomously execute payments using stablecoins on Ethereum.

Built in collaboration with The Ethereum Foundation, Coinbase, MetaMask, and others, AP2 allows AI to transact securely, bridging the gap between automated intelligence and finance.

6/ @UBS, @PostFinance, @sygnumofficial, and the Swiss Bankers Association successfully piloted Deposit Tokens on Ethereum.

By demonstrating legally binding cross-bank settlement on Ethereum’s public infrastructure, the proof-of-concept paves the way for programmable, instant, cross-institution settlement.

7/ Santander’s @openbank_es launched ETH trading services in Germany, allowing customers to buy, sell, and custody ETH directly through their bank accounts.

This integration is a strong signal of institutional confidence in ETH under MiCa regulation.

8/ @AmericanExpress launched Amex Passport, blockchain-based travel stamps minted as NFTs on Ethereum L2 @base.

Cardholders can now create an onchain record of experiences and memories from international trips, blending loyalty rewards with digital ownership.

9/ The first tokenized S&P 500 Index Fund licensed by @SPDJIndices, SPXA, was launched by @centrifuge on Base.

10/ SWIFT and 30+ banks are designing a blockchain ledger to support tokenized assets and real-time, 24/7 cross-border payments alongside existing financial systems, starting with a prototype with Consensys.

@swiftcommunity connecting 11,500+ institutions globally will create a bridge between traditional finance and onchain value.

11/ @SocieteGenerale FORGE, an integrated subsidiary of the 161-year-old commercial bank, deployed EURCV & USDCV lending and trading on Ethereum DeFi protocols Morpho and Uniswap.

One of the largest custodians in Europe now provides institutional-grade collateral and liquidity for DeFi markets.

12/ @Stripe expanded its crypto support on Ethereum to include stablecoin-based subscriptions and recurring billing.

Hundreds of thousands of companies that use Stripe can now accept USDC for subscriptions with automatic renewals, building on Ethereum for lower-cost payments with near-instant settlement.

13/ @Securitize and @FGNexusio tokenized the FGNX stock on Ethereum, representing the first NASDAQ-listed preferred equity issued fully onchain.

Ethereum is the platform to build programmable assets that bring public markets to the digital age.

14/ @AntGroup, the fintech behind @Alipay, launched @JovayNetwork, a L2 for institutional tokenization.

The company behind one of the world's largest retail platforms is now building global institutional settlement for tokenized assets on Ethereum.

15/ @jpyc_official launched the world's first yen-pegged regulated stablecoin on Ethereum.

Complaint, programmable yen transactions are now available worldwide, backed 1:1 by yen reserves under Japan’s Payment Services Act.

16/ @BNYglobal and Securitize announced a tokenized AAA-rated CLO fund on Ethereum.

Institutional credit moving onchain brings liquidity and transparency to traditional asset classes.

17/ Google partnered with @Polymarket, integrating onchain prediction market data to Google search results.

The largest search provider now leverages the Ethereum ecosystem as a primary source of truth.

18/ @StartaleGroup released the Startale App, a SuperApp for @soneium's growing Ethereum L2.

Mainstream users in the Soneium L2 ecosystem can now access simple onchain interactions and rewards with a unified platform for wallets, assets, and apps.

19/ @jpmorgan migrated its tokenized deposit product, JPM Coin (JPMD), from its internal permissioned blockchain to Base.

Moving from a private chain to an Ethereum L2 will meet demand from JPMorgan’s institutional clients for payments, collateral, and margin settlement on public infrastructure.

20/ @Mastercard announced it will build on Ethereum L2 @0xPolygon to expand its Crypto Credential program to self-custody wallets.

Working with @mercuryo_io, the expansion will allow Mastercard users to send crypto using verified, human-readable aliases.

21/ @Amundi_ENG, Europe’s largest asset manager ($2.75T AUM), launched a tokenized share class of its euro money market fund on Ethereum mainnet.

Bringing traditional cash management onchain unlocks 24/7 settlement and composability for euro-denominated capital.

22/ Sony Bank announced plans to launch a USD-pegged stablecoin on @soneium, its Ethereum L2, in early 2026.

From gaming to finance, Sony is building its ecosystem’s home base on Ethereum.

23/ @WisdomTreeEU introduced the world’s first physically-backed ETP for @LidoFinance Staked Ether.

The fund will provide European investors with regulated exposure to the spot price of stETH and its ETH staking rewards.

24/ The @CFTC announced a pilot program that will allow ETH, BTC, and USDC to be used as collateral in US derivatives markets, alongside new guidance on using tokenized assets as collateral.

This marks a significant shift in how ETH and other digital assets can be integrated into regulated US markets.

25/ @BlackRock filed for a staked ETH ETF.

Following the success of their spot ETH ETF, this filing seeks to unlock the value of Ethereum's native staking reward rate for traditional investors.

26/ The @ADI_Foundation, backed by IHC, announced the mainnet launch of institutional L2 @ADIChain_, part of the @zksync Elastic Network.

Supported by the UAE's largest conglomerate, ADIChain will host the country's regulated stablecoins and aims to bring 1 billion people onchain across the Middle East, Asia and Africa.

27/ JP Morgan launched MONY, their first tokenized money market fund, on Ethereum mainnet.

The firm seeded the fund with $100M of its own capital, signaling their commitment to public chain tokenization.

28/ @coinbase announced Coinbase Tokenize, built on Base, as their new end-to-end institutional platform for tokenizing RWAs.

Combining issuance, custody, compliance, trading, and infrastructure, the new product will streamline the process of bringing assets like tokenized stocks, equities, funds, and real estate onchain in the Ethereum ecosystem.

29/ @RobinhoodApp added 500 tokenized assets on @arbitrum, bringing their platform to nearly 2000 assets tokenized.

With over $14M in total tokenized value, Robinhood continues deepening their integration with Ethereum’s L2 ecosystem.

30/ @BlackRock, @Mastercard, and @FTI_Global partnered with the ADI Foundation in the UAE, builders of the ADIChain L2.

The group will explore tokenized asset structures, digital asset regulatory frameworks, stablecoin settlement, and cross-border payment infrastructure.

31/ @SoFi became the first national US retail bank to issue a stablecoin (SoFiUSD) on a public, permissionless blockchain.

Launched on Ethereum, SoFiUSD will first be used for faster, cheaper internal settlements for the fintech giant and its partners.

32/ @telcoin launched eUSD on Ethereum and Polygon, a regulated U.S. dollar stablecoin issued by Nebraska state-chartered digital asset depository institution Telcoin Digital Asset Bank.

The launch marks another milestone in U.S.-regulated banks issuing stablecoins directly on public blockchains, bringing traditional regulated banking to the Ethereum ecosystem.

33/ @Grayscale distributed the first ETH staking rewards to ETHE ETF shareholders.

In a first for US regulated products, investors received Ethereum’s native yield directly, proving that staked ETH ETFs can deliver the economic utility of the network.

34/ @MorganStanley filed for a Staked Ether ETF, doubling down on its crypto strategy.

One of the world’s largest wealth managers is moving beyond spot exposure to capture Ethereum’s native staking yield for clients, signaling a shift to productive participation.

35/ The ADI Foundation partnered with M-Pesa to bring 60M+ users onchain.

Africa’s largest mobile money platform is integrating blockchain rails to power instant cross-border payments and stablecoin transactions, merging massive fintech scale with Ethereum’s global settlement layer.

—

Ethereum is the trusted, global settlement layer for real-world adoption, used by institutions, governments, and enterprises worldwide.

Learn more about building on the institutional liquidity layer: https://t.co/jUshBvAXKa

[Backers | Fortnite News @BackersGamesF]

ALL NEXT 100% FREE GAMES ON THE EPIC GAMES STORE GOT LEAKED ⁉️

(Disclaimer: The information can be wrong, don't take this as a confirmation)

• Hogwarts Legacy: Dec 11
• Jurassic World: Evolution 2: Dec 18
• Desperados 3: Dec 19
• Total War: Warhammer: Dec 20
• Tropico 5: Dec 21
• Chicken Police - Paint it Red!: Dec 22
• Loop Hero: Dec 23
• Lego Batman: Dec 24
• Commander Keane: Dec 25
• Farming Simulator 2022: Dec 26
• Slime Rancher 2: Dec 27
• Terraria: Dec 28
• Detroit: Become Human: Dec 29
• Mortal Kombat 11: Dec 30
• Red Dead Redemption 2: Dec 31

(Source: https://t.co/6ZHLfijo9U -- first noticed by @blortzen)

[jaosef.eth @jaosef]

BRB while we look up your allocation from our Postgres database.

Or you could get allocations in realtime with 100% transparency using @Uniswap ‘s CCA, backed by Ethereum.

It’s 2025, there is no excuse not to do this on chain.

Choose the future you want to exist.

[Ethproofs @eth_proofs]

Target acquired: Happy to share our new Client-Side Proving dashboard — a collaboration with the amazing CSP team at @PrivacyEthereum

https://t.co/5aq5nhsz6z

[hoobi.eth 💗 @hubkotl]

People hating on @aztecnetwork for requiring KYC, but that’s literally the first ICO (I think) with a @ZKPassport option for compliance, which is actually crazy

I guess reading with any nuance is too much for some people

[Justin Drake @drakefjustin]

Progress toward real-time proving for Ethereum L1 is nothing short of extraordinary.

In May, SP1 Hypercube proved 94% of L1 blocks in under 12 seconds using 160 RTX 4090s. Five months later Pico Prism proves 99.9% of the same blocks in under 12 seconds, with just 64 RTX 5090s. Average proving latency is now 6.9 seconds.

Performance has outpaced Moore's law ever since Zcash pioneered practical SNARKs a decade ago. Today's Pico Prism results are a striking reminder of that exponential curve.

Beyond performance, zkVM diversity is remarkable. At least nine zkVMs are racing toward real-time proving: Airbender, Ceno, Jolt, OpenVM, Pico Prism, R0VM, SP1 Hypercube, Ziren, ZisK. That diversity is strength, similar to CL and EL client diversity.

Fusaka, expected in December, will simplify real-time proving. EIP-7825 caps per-tx gas usage, enabling more parallel proving via subblocks. MODEXP, a prominent "prover killer", is being repriced with EIP-7823 and EIP-7883.

By year's end several teams will prove every L1 EVM block on a 16-GPU cluster, drawing less than 10kW total. The 10kW target—about the same as a Tesla home charger—matters for on-prem proving in garages and offices, eliminating reliance on cloud proving.

gigagas frontier

L1 throughput has grown 100x since genesis ten years ago, from 20 kilogas/sec to 2 megagas/sec. With zkEVMs we can 100x again, in half the time. The key is to bypass validators as Ethereum's current scalability bottleneck.

Lean execution proofs also decentralise validation. Goodbye 4TB NVMe, 8 cores, 64GB RAM recommended by EIP-7870. A Raspberry Pi running statelessly, or even a phone, will soon suffice. The scalability vs decentralisation dilemma is dying.

Zooming out, the lean Ethereum vision is gigagas L1 and teragas L2. Gigagas L1 (10K TPS) means high-value payments, trading, and social apps directly on mainnet. Teragas L2 (10M TPS) means welcoming the entirety of finance onto Ethereum.

Nov 22: Ethproofs day demo

Behind the scenes teams are preparing a special Devconnect demo. In 38 days my home validator will run on zkEVM proofs. My mighty Geth node will go dark—no more execution client.

Devconnect Argentina is Ethereum's world fair. World fairs unveiled the lightbulb, running water, cars, refrigeration, phones, escalators. Real-time proving is Ethereum's lightbulb moment.

Ethereum's future is bright. Believe in something :)

[Aztec @aztecnetwork]

👀

[Aztec @aztecnetwork]

gAztec fam looking good here 🪿

Shoutout to @Obol_Collective for diving into Distributed Validators, and @Rocket_Pool for their vision on getting more operators to participate in a truly decentralized network.

And to our host @realRoberto38, the songbird of our generation 🎶

[Aztec @aztecnetwork]

Explore a design space built for programmable privacy.

@0xdavid highlights the new developers page, featuring:

• Latest news
• Builder benefits
• How a txs works on Aztec
• Getting started in the sandbox
• Resources & more

👉 https://t.co/d4CD90z56c

[mteam.eth @mteamisloading]

I really hope Aztec works. Crypto without privacy first execution environments is severely disadvantaged. We don't even hear of what could have been done on blockchains if they had privacy since day 1.

[Aztec @aztecnetwork]

1/5 The next Renaissance is here.

An era when code, culture and capital combine to unleash unprecedented adoption.

[Aztec @aztecnetwork]

Tomorrow you will understand.

[Aztec @aztecnetwork]

ALWAYS STAND ON BUSINESS

52k visitors to the testnet since adversarial launch
400k visits to the playground since testnet launch
150k txs
20k full nodes running
7.1k in the validator queue
10.5k in the validator set

https://t.co/6F5ZEQpVXJ

[David Hoffman @TrustlessState]

Brother we are making financial systems that supersede nation state laws

Previously, nation states are the only insitution capable of enforcing a monetary standard

Now, thanks to Satoshi, that privilege is democratized to the public.

We can now produce money at Internet scale

If you don’t understand this, what are you even doing in crypto??

[Spire🗼 @Spire_Labs]

We’re excited to announce that DA Builder, our blob aggregation protocol, is now live on Ethereum mainnet!

Significant cost savings for rollups and users are finally here.

🧵👇

[Aztec @aztecnetwork]

Honk if you Plonk 🪿

(Discord Town Hall kicks off in 1 Hour)