David Walsh | Ethereum Foundation
@davwals
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Head of Enterprise @ethereumfndn | @ethereum
onchain
Joined August 2017
One month in at @ethereumfndn leading the new EF Enterprise team. One thing is clear: Ethereum is the Liquidity Layer for the internet of value. It is the backbone of the onchain economy and the data speaks for itself: → 90% of RWAs live on Ethereum & L2s → DeFi TVL is 9x the
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Ethereum Mainnet holds 7.5x more TVL than its closest competitor
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L2s can be as decentralized as the L1 they settle on. And this is why Ethereum will be the home for the world’s L2s.
this is what many critics don't understand (or purposefully try to hide) about L2s they are not just single servers cooking a blockchain because they are connected to Ethereum, you can force them to include certain transactions in blocks no "decentralization" within the L2 as
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Ethereum is the home of DeFi Ethereum is the home of new chains (read economies) Ethereum is the future of finance
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Ethereum is the undisputed home of DeFi ⟠ It doesn’t just lead, it dominates Ethereum holds 7.5x more Total Value Locked than its closest competitor Everything that matters in DeFi lives on Ethereum
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📢 JUST IN: JPMorgan to allow institutional clients to use Ethereum and bitcoin as collateral.
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⚡️ @JovayNetwork is a new L2 by Ant Digital Ecosystem partners and affiliates include: @Alipay
@AntGroup
@AlibabaGroup Yunfeng Financial Excited to watch how Jovay evolves and grows over the coming months
We’re continuously building core framework to drive on-chain growth and deliver real value. The Jovay Mainnet is now live — and we look forward to collaborating with more ecosystem partners to shape an open digital future. Builders are welcome to join us and explore the
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Link: https://t.co/kr2tKbTwZG Shoutout to @Decentralisedco
decentralised.co
Build airlines not airports ✈️
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Why should an alt L1 become an L2? → Reduce security costs by 99%+ → Faster transactions → Real liquidity access The list goes on.. See why @Ronin_Network and @Celo made the leap 👇
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Institutions care about 3 things: security, liquidity and reliability Ethereum is the most secure blockchain with deepest liquidity and 100% uptime That's why institutions are choosing Ethereum
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We published an article on how we’re approaching zkVM benchmarking for Ethereum: https://t.co/4Bf3FOuEFT Hopefully it’s a useful starting point for diving deeper into the technical details of this effort.
zkevm.ethereum.foundation
A comprehensive overview of our Q2 achievements, upcoming milestones, and how the community can get involved in the zkEVM initiative.
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L1s will eventually move to ethereum due to economics; $15m ~ $25m per year spent on validators drop to near zero. when that happens, the revenues flowing to eth will easily cover inflation. the bull case for ethereum laid out by @Decentralisedco is very very strong.
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Ethereum will be the network of choice for TradFi
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At the Bank of England and BIS DLT innovation Challenge understanding the needs of central banks. Those needs are met by Ethereum and L2s.
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Celo and Ronin just demonstrated why every alt L1 might eventually become an Ethereum L2 Celo shut down 110 validators and cut security costs by 99.8%, from $6.9 million per year to just $13,200. Ronin paid out $35 million in staking rewards since 2023 just to maintain their
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The EF Enterprise Team @davwals @_ashmorgan_ @ismiMatthew didn’t just talk to them, we worked with them. I was there.
Ant Digital the company behind Alibaba (China's Amazon) and Alipay - a Chinese super wallet with 1.3 billion users is building an Ethereum L2. Looks like a zkRollup. This has been under the radar, no hype. I'm doubtful there was any BD deal here - likely they didn't even talk
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It’s very impressive to see Ant Group & ultimately Alibaba out of Hong Kong take such an impressive approach to scaling their existing infrastructure into a new global and scalable network built on Ethereum. We’ve worked with the team over the last couple months to ensure that
🌐Jovay joins hands🤝 with @ethereum to build the next era of Layer 2. This is not just a step into the Ethereum ecosystem — it’s the beginning of a broader future.✨ Let’s build the next chapter together! #Ethereum #Layer2 #Jovay #RWA #Web3
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