As ETH market dominance hits new multi-year lows, Ethereum community members are looking to based rollups to help address issues of liquidity and user fragmentation across Ethereum Layer 2 (L2) blockchains. In an X post earlier this month about upcoming Ethereum developments, the blockchain’s co-founder, Vitalik Buterin, mentioned based rollups, noting that they are already “making rapid progress.” Rollups are a kind of Ethereum L2 scaling solution. “Based” or “L1-sequenced” rollups are a subset of these scaling solutions, first introduced by Ethereum researcher Justin Drake in March 2023. They were created to address fragmentation issues with rollups, letting Ethereum mainnet’s own validators, not third-party sequencers, decide the order of transactions. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
