The idea is to create shared liquidity (so funds can move freely), simpler infrastructure for developers, and a smoother experience for users. The system would also continue to use ETH as its main token for fees, rather than introducing new ones.

The project is being developed openly with input from the wider Ethereum community.

“Ethereum doesn’t have a scaling problem. It has a fragmentation problem. Every new L2 is a silo that makes it harder to seamlessly extend and drive value back to the Ethereum mainnet,” said Friederike Ernst, co-founder of Gnosis, in a press release shared with CoinDesk. “The EEZ is designed to do the opposite.”

Read more: From ‘Ethereum’s sidekick’ to standalone stars: How Vitalik Buterin’s latest pivot is forcing Layer 2s to grow up

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16x9 Image Stablecoin Landscape Series

As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.

Why it matters:

Stablecoins are entering their third phase of evolution – the institutionalization era – becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.

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(Markus Winkler/Unsplash)

The ecosystem’s smaller tokens are acting as leveraged bets on TAO, with multiple subnet tokens posting 200-400% monthly gains.

What to know:

  • Bittensor’s TAO token has surged about 90% in March, while subnet tokens in its ecosystem have rallied even more sharply, lifting their combined market value to roughly $1.47 billion.
  • The gains are fueled in part by Subnet 3’s Covenant-72B model, a permissionlessly trained large language model that posted a competitive…

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