Ethereum's Layer 2 (L2) network will undergo a major upgrade in 2025, aimed at addressing cross-network interoperability and liquidity island issues. With the participation of major platforms like Kraken and Uniswap, the new ERC-7683 standard will enable more efficient interactions on Ethereum's L2 network, driving the development of decentralized finance (DeFi).
Key Points
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Kraken plans to launch a new Ethereum L2 network, Ink, in 2025, based on Optimism's Superchain technology.
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The ERC-7683 standard will achieve interoperability of Ethereum L2 networks, enhancing user experience.
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Uniswap has also launched its own L2 network, Unichain, further strengthening the DeFi ecosystem.
Kraken's Ink Network
Kraken announced it will launch its Ethereum L2 network, Ink, in early 2025. The network will be based on Optimism's OP Stack technology, aiming to provide users with faster transaction speeds and lower fees. Ink will connect with Optimism's Superchain, becoming a decentralized finance (DeFi) hub, supporting one-second block times, with plans to achieve sub-second block times in the future.
Ink's testnet will go live at the end of 2024, offering developer support and related activities to attract more developers to participate.
Introduction of the ERC-7683 Standard
ERC-7683 is a new cross-chain standard in the Ethereum ecosystem, expected to be implemented in 2025. This standard will enable interoperability between different L2 networks, allowing users to easily transfer assets and conduct transactions across different networks.
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Cross-chain Intent: Users can create "fill networks" to standardize the expression of cross-chain transactions.
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Decentralized Applications: ERC-7683 will enable decentralized applications to govern across multiple chains, simplifying the cross-chain governance process.
Uniswap's Unichain Network
Uniswap Labs also launched its L2 network, Unichain, in 2025, aiming to address liquidity fragmentation issues. Unichain will be compatible with Optimism's Superchain, supporting cross-chain transactions and reducing transaction costs.
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Efficient Transactions: Unichain will achieve a speed of four sub-blocks and one full block per second, significantly improving transaction efficiency.
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Liquidity Integration: The launch of Unichain will help integrate liquidity from different networks, enhancing user experience.
Future Outlook
With the launch of these new networks, Ethereum's L2 ecosystem will become more unified and efficient. The implementation of ERC-7683 will provide a better experience for developers and users, driving further development of decentralized finance. The participation of Kraken and Uniswap will lay a solid foundation for Ethereum's future, attracting more users and developers to join this ecosystem.
Sources
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Kraken unveils new Ethereum L2 built on Optimism’s Superchain - Blockworks, Blockworks.
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Ethereum L2s Become Unified in 2025 Thanks to This Upgrade, U.Today.
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Kraken Announces Ink: New Ethereum L2 Blockchain for 2025 Launch - Blockonomi, Blockonomi.
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Uniswap Labs introduces Unichain L2 native network | Cryptopolitan, Cryptopolitan.