/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.

[Parallel EVM] 🏎️

@Paradigm has been bullish about Parallel EVM.

Now they found the team to execute on this idea.

[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”.

[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. 🫡

[Restaking] 🏦

@EigenLayer announced mainnet of @Eigen_DA.

Now restakers can “really restake” into actual running AVS of EigenDA.

[Restaking] 🏦

However, it’s just mainnet, no token.

The most important question for @EigenLayer: Wen Token? 🥺

[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.

[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. 🙏

[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. 👀

[zkVM] 🧮

Kinda in response to this, @RISCZero posted a feature comparison of zkVM, revealing that R0 is the most production-ready one.

[zkVM] 🧮

On this, the fast-forwarded development on zkVM is crazy.

Let’s focus on adoption more, than competition.

Anyway, this is just another day in Crypto. It’s just has more exciting news.

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Stay hydrated! 😇