The Ethereum community moves ahead with full support for Zero-Knowledge Proof. The foundation now plans to bring zkEVM to Layer 1 within a year. Validators will use zk clients to verify blocks, not re-execute them.
The Glamsterdam expansion will speed up proof generation, making it cheaper and energy-competitive too. Aiming at real-time proof with sub-$100,000 equipment and sub-10-second proof time, Linea is positioning itself towards an important milestone.
The project leader has confirmed this month’s release will provide Token Generation Event specifics. The highly awaited release follows the first-introduced roadmap in Bangkok. Hyperliquid sets the new standard. Its open interest has gone beyond $10.6 billion.
Ethereum governance powers HashKey launch
Market observers commented that the HYPE token added more than 18% this week. Bybit listed HYPE in its spot listings, giving it enhanced exposure. Eigen Labs decreased its employee count by 25%. The team laid off 29 positions to shift its concentration towards EigenCloud.
The firm recently injected $70 million, which brought its total funds to $220 million. The layoffs are the result of resource reallocation and not financial hardship. Polygon PoS has changed its consensus layer. Heimdall v2 went online on July 10th. The adjustment moves from aging Cosmos technology to CometBFT.
Finality now occurs at an average of five seconds with enhanced efficiency and reduced technical debt. Polygon asked dApps to increase their confirmation settings briefly. BNB carried out its 32nd quarterly burn. Over 1.59 million BNB tokens, totaling almost $1.024 billion, have gone to permanent destruction.
The total supply is now almost 139 million tokens. HashKey Chain introduced its mainnet with veHSK. This is the new governance mechanism that allows voting by locking tokens. The system brings about both the daily governance and large-scale decision-making processes.
Inception shuts down after two years of struggle
Individuals get to experience special ecosystem benefits too. Aptos made an enormous jump in real-world assets. Total value locked reached $538 million in the last 30 days. This is placing Aptos third after Ethereum and ZKsync Era.
Private credit is at the top with $420 million. OpenSea acquired Rally. The transaction positions Rally Wallet in line with the brand of OpenSea. It allows the growth of token trading on 19 chains. OpenSea specifies the expansion of OpenSea beyond NFTs.
It shut down after two years. Re-staking protocol did not attain market fit. Despite audits and integrations, the absence of incentives was the final stumbling block, according to the team. It officially shut down after their January $3.5 million fundraising.
