Layer 2

Robinhood Chain achieved $3.1B in weekly DEX volume and 65K users since its July 1 launch, according to Bernstein. The Layer 2 network is focusing on tokenized markets.

Ethereum Layer 2 protocol Zero Network is shutting down operations and redirecting resources toward developing Zerion's API and wallet services. This shutdown adds to a growing trend of cryptocurrency protocols ceasing operations.

Ronin is transitioning to Ethereum layer 2 from an independent sidechain. This move indicates a shift in Ronin's infrastructure strategy. The transition aims to enhance scalability and security.

Ethereum Layer 2 solutions are gaining traction and becoming increasingly active, potentially shifting activity away from the mainnet. This trend is notable in the Ethereum ecosystem. The growth of L2s indicates a changing landscape for Ethereum users.

Aave's risk manager models two scenarios from the Kelp DAO exploit, with the first scenario risking a 15% depegging of rsETH but being cheaper, while the second scenario is costlier but protects Ethereum mainnet by concentrating losses at layer 2.

The user is seeking a KYC-free method to purchase tokenized stocks onchain, criticizing current platforms for requiring KYC and being centralized, and inquires about the feasibility of such transactions on Ethereum or Layer 2.

The article discusses the feasibility of building directly on layer 1 blockchain infrastructure and eliminating the need for layer 2 solutions. It poses the question as a submission from a Reddit user.