/twitter.com/ProofOfTrack/status/1777969638586106163
🤯 In one day, we saw three big announcements.
Parallel EVM: @Monad_xyz Huge Raise Led by @Paradigm
Restaking: @EigenLayer @Eigen_DA Mainnet (also @Karak_Network)
zkVM: @a16z Released Jolt
Let's explain 1 by 1 ⬇️
[Parallel EVM] 🏎️
@Monad_xyz has been active in the Parallel EVM space.
It’s about scaling to 10,000 TPS (⚡️) by breaking the execution bottleneck of EVM.
The team announced $225M fundraise, led by @Paradigm.
https://twitter.com/monad_xyz/status/1777687376136982767
[Parallel EVM] 🏎️
@Paradigm has been bullish about Parallel EVM.
Now they found the team to execute on this idea.
https://twitter.com/gakonst/status/1734253305847767385
[Parallel EVM] 🏎️
What else is interesting about this?
Haseeb posted something controversy and considered “shilling bags on ct”.
Here’s a response by @jtriley_eth on pointing out some of the “offs”.
https://twitter.com/jtriley_eth/status/1777732611697475678
[Parallel EVM] 🏎️
A misconception about Monad is that: @Monad_xyz is all about “parallel execution”.
But Monad is more than that, see explanation by @kenoeHD. 🫡
https://twitter.com/keoneHD/status/1777747102317052188
[Restaking] 🏦
@EigenLayer announced mainnet of @Eigen_DA.
Now restakers can “really restake” into actual running AVS of EigenDA.
https://twitter.com/eigenlayer/status/1777757913718899074
[Restaking] 🏦
However, it’s just mainnet, no token.
The most important question for @EigenLayer: Wen Token? 🥺
https://twitter.com/0xcarnation/status/1777780071505314247
[Restaking] 🏦
A competitor to @EigenLayer, @Karak_Network raised 48M at 1B valuation.
Difference is Karak can enable restaking for every chain every asset.
On Karak, @chainyoda posted a lot of hot takes 🔥, pointing out some weakness in its design.
https://twitter.com/chainyoda/status/1777627979100701151
[Restaking] 🏦
It all comes down to one question that 5 months ago @smyyguy asked.
Q: Why @EigenLayer only takes ETH for restaking, not all assets?
A: It’s about the convergence and same stake asset for pooled security. 🙏
https://twitter.com/smyyguy/status/1777733822769176938
[zkVM] 🧮
@a16z open-sourced Jolt: outperforms @RISCZero by ~6x and @SuccinctLabs SP1 by up to 2x.
TL;DR: a16z overtakes the zkVM industry as a VC. 👀
https://twitter.com/a16zcrypto/status/1777801330242781571
[zkVM] 🧮
Kinda in response to this, @RISCZero posted a feature comparison of zkVM, revealing that R0 is the most production-ready one.
https://twitter.com/RiscZero/status/1777439550757019683
[zkVM] 🧮
On this, the fast-forwarded development on zkVM is crazy.
Let’s focus on adoption more, than competition.
https://twitter.com/0xBalloonLover/status/1777799485969588341
Anyway, this is just another day in Crypto. It’s just has more exciting news.
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Stay hydrated! 😇