[Xangle Digest]

※ This article contains content originally published by a third party on March 22, 2023. Please refer to the bottom of the article for the copyright notice regarding this content. 

 

 

 

 

 

In the past two months, the crypto industry is developing rapidly with remarkable results，

· The orderly progress of the Ethereum Shanghai upgrade and the completion of the preparation of the test network upgrade.
· The development of Layer2 exceeded expectations, and the number of single-day transfers of Arbitrum briefly exceeded the number of transfers of the main network in January, and the zk rollup represented by scroll also had a major version update further from the main network.
· On-chain data remained stable, with transaction data hovering between 160~170b in January and February.
· The BTC ecosystem has seen rapid growth, with Ordinals NFT bringing Taproot adoption rates from 1.7% to around 10% recently.
· Multi-chain ecology Cosmos has also seen rapid growth, with Lamada 9 upgrade coming through and multi-chain ecological infrastructure growing rapidly.

OKX Ventures have also maintained focus on the industry over the past 2 months, continuing to be bullish on the zk ecosystem, LSD, multi-chain interconnection and storage, making investments in Scroll, LayerZero, zkPass, Diva, and Permaweb.

 

Scroll

Project Overview

Scroll is a zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools.

Project Highlights

· PreAlpha Testnet received 300k+ unique addresses in the first week and 600k+ unique addresses with 400k+ daily tx at the end of January.

· 15m transactions dealt on the Testnet to date with a 3-second average block time, and the testnet has interacted with almost 1m unique wallets. Scroll zk-evm can prove a typical 5M gas block with less than 20-minute latency, costing less than 300GiB server memory, also zkEVM circuits improved, halo2 community edition gained support from Ethereum Foundation and Electric Coin Company (zcash). Besides, Infrastructures optimized from Redis cache layer and bridge contract aim to facilitate the transmission of information between L1 and L2, which is also a great complementary to circuit upgrade. More bridge details : https://scroll.io/blog/architecture

Investment logic

Scroll is positioned to be the EVM equivalent of zk-Rollup, which is also the Type 2 zkEVM project exemplified by Vitalik in his introduction of the 4 types of zkEVM. OKX Ventures has made a strategic investment in scroll, which has been doing very well lately, with the PreAlpha test network receiving over 300,000 unique addresses in the first week and over 600,000 at the end of January. The PreAlpha test network received over 300,000 unique addresses in the first week and over 600,000 unique addresses at the end of January, with over 400,000 tx per day.