LFD S3 & Inner Circle (January) rewards have been distributed!
Check eligibility, rankings, and the full reward lists here: https://t.co/JNTw3n99d2
๐๐๐ ๐ฆ๐ฏ โ ๐๐น๐ถ๐ด๐ถ๐ฏ๐ถ๐น๐ถ๐๐
To be eligible, all participants needed:
- At least 3 unique on-chain quests
- At least 20 total on-chain completions
In short:
eligibility = 3 unique quests + 20 total completions ranking = weighted score
๐ช๐ต๐ฎ๐ ๐๐ต๐ถ๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐บ๐ฒ๐ฎ๐ป๐:
๐น Unique on-chain quests
These refer to different types of on-chain actions (e.g. staking, bridging, swapping).
Each action type counts as one unique quest. Doing the same quest multiple times (e.g. staking three times) still counts as one, not three. The goal was variety - trying different onchain tasks.
๐น Total on-chain completions
This is simply the total number of times you completed any on-chain quest.
Example: staking once + bridging twice + swapping once โ 4 total completions & 3 unique quests.
To qualify you needed 20+ total completions and at least 3 different quest types.
๐๐ผ๐ ๐๐ต๐ฒ ๐ฟ๐ฎ๐ป๐ธ๐ถ๐ป๐ด ๐๐ฎ๐ ๐ณ๐ผ๐ฟ๐บ๐ฒ๐ฑ
Final rankings are based on a weighted score including:
- Unique on-chain quests
- Total on-chain completions
- TVL
- Total points
- Streak
- Transactions
- Other smaller factors
The higher your combined weight, the higher your final score.
If you're lower on the list, your overall weighted score was lower โ not that you weren't eligible.
๐๐ป๐ป๐ฒ๐ฟ ๐๐ถ๐ฟ๐ฐ๐น๐ฒ โ ๐๐ฎ๐ป๐๐ฎ๐ฟ๐
37 Legends & Waiting List members reached the minimum score (30) and were rewarded.
- Ranking formula: 85% FP + 15% CP
Tokenized real-world assets on Ethereum have surpassed $17B ๐ผ
Thatโs nearly +300% YoY growth ๐
Stablecoins on mainnet? Over $175B ๐ต
BlackRock. JPMorgan. Franklin Templeton; theyโre all building on Ethereum.
Zooming out ๐
Traditional giants and crypto-heavy investors see massive growth potential for RWAs on public blockchains.
Standard Chartered estimates tokenized RWAs could hit $2T by 2028, with most issued on Ethereum ๐
ARK Invest sees tokenized assets reaching ~$11T by 2030 ๐
@wintermute_t just launched institutional tokenized gold trading ๐ช
Wall Street. Onchain. Happening in real time.
Building a new L1 is brutally hard. Itโs not just the tech, you need a massive ecosystem to make it work, and that race already has clear leaders like Ethereum. Building services and apps on existing infrastructure is far easier, and that space is wide open with real opportunity.
There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:
* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026
Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path.
First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum.
This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead.
We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs.
What would I do today if I were an L2?
* Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features
* Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets
* Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?)
From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug.
The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately).
This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: https://t.co/9jy6v1X6Fw and https://t.co/gZmu3YjebM ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add.
This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.
The ETH staking queue exploded this month, reaching a new all-time high.
New stakers now wait around 70 days before earning rewards.
We have never seen it like this before.
๐๐๐ ๐ฆ๐ฒ๐ฎ๐๐ผ๐ป ๐ฏ ๐ต๐ฎ๐ ๐ผ๐ณ๐ณ๐ถ๐ฐ๐ถ๐ฎ๐น๐น๐ ๐ฒ๐ป๐ฑ๐ฒ๐ฑ.
Huge thanks to everyone who showed up. Shipped things.
If you participated, keep an eye out.
Recaps, stats, and whatโs next are coming soon.
ERC-8004 is now live on mainnet.
5 months ago, we wrote the specs for the Trustless Agents standard.
Since then, over 10k agents registered on testnet.
Today, weโre releasing it on Ethereum Mainnet.
Welcome to the 8004 Genesis Month.
Hereโs everything you need to know ๐
๐๐๐ฆ๐ข๐ง๐๐๐ซ: ๐๐ญ'๐ฌ ๐ญ๐ก๐ ๐๐ข๐ง๐๐ฅ ๐ฆ๐จ๐ง๐ญ๐ก ๐๐จ๐ซ ๐๐ ๐! The Season 3 campaign will officially conclude on Saturday at 23:59 UTC.
A big thanks to everyone who participated this season.
Whether you joined quests,
played Groove Builders,
spun the wheel,
shared feedback,
or simply supported the community,
we appreciate you all.
๐๐๐ฆ๐ข๐ง๐๐๐ซ: ๐๐ญ'๐ฌ ๐ญ๐ก๐ ๐๐ข๐ง๐๐ฅ ๐ฆ๐จ๐ง๐ญ๐ก ๐๐จ๐ซ ๐๐ ๐! The Season 3 campaign will officially conclude on Saturday at 23:59 UTC.
A big thanks to everyone who participated this season.
Whether you joined quests,
played Groove Builders,
spun the wheel,
shared feedback,
or simply supported the community,
we appreciate you all.
ERC-8004 is going live on mainnet soon.
By enabling discovery and portable reputation, ERC-8004 allows AI agents to interact across organizations ensuring credibility travels everywhere.
This unlocks a global market where AI services can interoperate without gatekeepers.
This is why customization at the L1 layer isnโt a nice-to-have.
https://t.co/hwz5FM1cl0
Itโs how chains move from generic infrastructure to real-world adoption.
Which category do you think will drive the next wave of on-chain growth?
๐๐ง๐ ๐๐ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐๐ข๐ญ ๐๐ฅ๐ฅ
Not all blockchains are meant to optimize for the same thing.
RWA platforms, consumer apps, and DeFi protocols have fundamentally different requirements at the chain level.