-
Ethereum turns 9.
-
Linea supports ENS domains.
-
Compound proposes a staking product.
-
Movement integrates Polygon’s AggLayer.
Listen on: Apple | Spotify | Castbox | YouTube
9 years ago today, Ethereum was launched as the first smart contract blockchain. On July 30, 2015, the Ethereum genesis block was mined into existence, referred to as the Frontier launch. Frontier, the first mainnet release of Ethereum, provided miners with a block reward of 5 ETH per block.
Linea, an EVM-equivalent ZK-rollup by Consensys, now supports ENS domain name resolution on its network. The implementation leverages EIP-3668, a standard that allows contracts to request external offchain data in a call or transaction. Known as CCIP Read, the standard enables Linea to retrieve ENS domains. Linea is the first zkEVM to implement CCIP Read. Developers on Linea can also use this standard to retrieve cross-chain data. The integration supports the use of human-readable domains across all ENS-compatible dapps on Linea and significantly reduces gas fees for managing ENS domains. To date, over 2 million domains have been registered on ENS.
Compound Protocol Head of Growth, Bryan Colligan, has proposed the launch of a new Staked Compound Product to replace Proposal 289. The new staking product will allocate 30% of market reserves to staked COMP holders in proportion to their stake, with funds sourced from fees collected through liquidity provision and borrowing. Over the weekend, an individual named Humpy approved a proposal for the transfer of 499k COMP tokens, worth $25 million, from the Compound treasury into a multi-sig wallet controlled by his team. Proposal 289 intended to use the funds to establish a yield-generating DeFi vault. The new Staked COMP product will be managed by the Compound DAO, rather than by Humpy, who has agreed to cancel Proposal 289.
Movement, a network of MoveVM-based layer-2 chains, has committed to integrate with Polygon’s AggLayer. The integration facilitates unified liquidity for MoveVM chains and bridges the Move and EVM ecosystems, enhancing interoperability. Six initial MoveVM projects will connect to the AggLayer and will leverage Celestia for data availability. Move is an alternative smart contract programming language. Movement is currently live on testnet.
