#15 Interchain Rollups are here
In this post we will break down interchain rollups
Interchain Rollups are The Next Major Crypto Narrative.
I've got An Alpha for you.
Let's deep dive into this valuable narrative.
The End Game
In "The End Game" blog post by Vitalik Buterin, he laid out three important components for the future of Ethereum scaling:
• Decentralized Settlement Layer
• Low-Cost Rollups
• Interchain Communication Network
Ethereum L1 is becoming the decentralized settlement layer, while we're seeing robust infrastructure getting ready to launch low-cost Rollups using a modular architecture. Interchain communication is the missing link as of now in terms of adoption.
You won't find many mentions about interchain rollups on Twitter, but it's important to know that we'll need infrastructure enabling cross-chain communication between rollups with different chains when you have so many rollups across different chains.
There are a couple of projects building infrastructure to bring interchain communication for rollups, such as: -
Synapse
Synapse is building SIN (Synapse Interchain Network), which will allow projects to launch interchain rollups using their own SDK called Syn OP Stack, inspired by OP Stack. Interchain Rollups can communicate with all supported EVM and non-EVM chains.
They've launched the testnet with 18 chains, and they have recorded over $42B worth of interchain volume so far. Synapse will also use SIN as a data availability layer, and they will employ an optimistic verification design which involves Executors, Guards, Notary, Broadcaster.
All these key participants in their network will get paid for their role in the verification process of a transaction, which will be confirmed after consensus. Synapse also has a native token, $SYN, which will have utility as a gas fees token, for governance, and for staking.
Hyperlane
Hyperlane is making the whole process of interchain communication easy by providing simple APIs that developers can use to enable cross chain communication in rollups.
They provide custom modules to choose interchain security and data availability, and they support both EVM and non-EVM environments. Developers can easily build interchain rollups based on their use case requirements.
Polymer Labs
Polymer is building an L2 using OP Stack to establish crosschain communication between Cosmos and Ethereum L2s. They are building a modular stack where they will allow developers to create app-specific rollups with IBC support using the Cosmos SDK on Ethereum.
Polymare is using Ethereum as a settlement layer, and they're using EigenDA as a data availability layer. They recently announced their fundraise of $23 million led by Blockchain Capital, DCG, and Maven11.
Eclipse
Injective has launched an Interchain Solana SVM rollup called Cascade in collaboration with Eclipse, which allows Solana developers to deploy apps on the Injective blockchain. Cascade is currently in testnet.
Eclipse is also building the fastest rollup on Ethereum, which will allow Solana developers to launch apps on Ethereum, leveraging the performance of SVM and the economic security of Ethereum.
The Future
The future Interchain communication between rollups and different chains is an important component of Ethereum scaling. We will see more projects exploring this theme, and you will find more people talking about it in the near future.
Disclaimer: I'm not offering any financial advice here. Use this post for an educational purpose only. You're responsible for your own losses.