Venus Protocol's lending markets on ZKsync have accumulated over $14 million in deposits, sparking interest in the crypto community. To shed light on this development:
- A discussion is scheduled for September 25th at 15:00 UTC
- Participants include:
- ZKsync Foundation Director, @Be1garat
- Head of Venus Labs, @bradherenow
This follows the recent launch of Venus Protocol's money market on ZKsync Era, offering:
- Borrowing and lending options for WETH, WBTC, stablecoins, and more
- Access via https://app.venus.io/#/?chainId=324
Stay tuned for insights into what's driving depositor enthusiasm for this new lending platform on ZKsync.
There's a new money market on ZKsync Era. Borrow and lend WETH, WBTC, stables, and more with @VenusProtocol ๐ app.venus.io/#/?chainId=324
Venus Protocol is officially live on @zksync โก๏ธ This strategic deployment will initially include lending markets such as WETH, WBTC, USDT, and USDC.e, with plans to introduce more by the end of the year. The integration aims to provide fast, cost-effective transactions while
There's over $14M sitting in @VenusProtocol's lending markets on ZKsync. What's got these depositors all hyped up? ๐ค Find out on September 25th at 15:00 UTC when ZKsync Foundation Director, @Be1garat chats with Head of Venus Labs, @bradherenow ๐ x.com/i/spaces/1lPKqโฆ
Ethereum Fusaka Upgrade Goes Live: Major Scaling Breakthrough for L2s
**Ethereum's Fusaka upgrade is now live**, marking a significant milestone for network scaling and user experience. **Key improvements include:** - **PeerDAS technology** reduces L2 data costs, enabling lower fees over time - **Gas limit increase** from 45M to 60M boosts L1 throughput by 33% - **R1 passkeys** enable phone-native wallets for better accessibility - **Enhanced proof verification** bandwidth for rollups like ZKsync **What this means:** The upgrade maintains decentralization while dramatically improving scalability. L2 rollups become more efficient with cheaper data availability and expanded bandwidth. **Looking ahead:** Next major upgrade "Glamsterdam" is planned for H1 2026, focusing on MEV transparency, censorship resistance, and privacy enhancements. This positions Ethereum to onboard the next billion users through improved wallet UX and reduced transaction costs across Layer 2 networks.
๐ฆ Banks Want L2s
**Enterprise demand for Layer 2 solutions is growing**, but regulatory barriers remain a major obstacle. At EFDevcon, @gluk64 highlighted a key challenge: **banks, fintechs, and enterprises show strong interest in L2 networks** but struggle to build on public chains due to: - Privacy requirements - Compliance restrictions - Regulatory uncertainty This creates a **product-market fit paradox** - there's clear demand for specialized blockchain solutions, but traditional financial institutions need private or permissioned alternatives. The comment suggests **Ethereum's L2 roadmap** may need to address these enterprise needs through specialized chains that can meet institutional requirements while maintaining the benefits of Layer 2 scaling. *This enterprise adoption challenge could shape the future direction of L2 development.*
๐ง In Sync with ZKsync
ZKsync launches **In Sync with ZKsync**, a new X Spaces series highlighting onchain innovators. The debut episode focuses on: - **Institutional adoption** - **Privacy solutions** - Guest announcements coming tomorrow This series will spotlight builders pushing the onchain frontier forward, starting with conversations around how institutions are embracing blockchain technology. *Stay tuned for guest reveals and join the conversation about the future of institutional crypto adoption.*
๐ค Partnership Alert: Privacy Solutions
**Partnership Announcement** A collaboration has been formed with @lnetglobal to integrate privacy and scalability solutions into their Results Based Finance offerings. **Key Details:** - Target market: Governments and institutions across Latin America - Focus: Trust-based finance solutions with privacy protection - Leadership: @MelodyCelestine (CCO of Lnet) discussed the partnership on @therollupco **Impact on Finance:** - Enables programs to measure impact while maintaining data privacy - Helps secure additional funding through trusted processes - Privacy features are essential for user confidence in the system This partnership represents a practical application of blockchain privacy technology in government and institutional finance across the LATAM region.
ZK Rollup Pioneer Envisions Global Economy Moving Onchain with Prividium Network
@gluk64 presented his **Incorruptible Finance thesis** on Blockworks Space, outlining a future where the global economy operates entirely onchain. The vision centers on **Prividiums** - individual blockchain instances that every business would operate, similar to how companies maintain bank accounts today. These Prividiums would seamlessly interact with each other across the network. Key components of the thesis: - **ZK proofs** as the foundation for maintaining incorruptibility - **Mobile verification** of Ethereum blocks in just 1 second - **Universal adoption** where every business has its own Prividium This represents a shift from traditional financial infrastructure to a fully decentralized, verifiable system where businesses can maintain sovereignty while participating in a global onchain economy. The presentation builds on previous discussions about making blockchain verification accessible to everyday users through mobile devices.