Swell L2 Development Update

Since the Swell L2 Pre-Launch opened in April, deposits have soared to around $1 billion.

Meanwhile, an ecosystem has proliferated with a growing number of protocols supporting the network.

As we look towards the launch, here are the latest updates from our technical infrastructure partners.

Polygon CDK

Swell L2 is being built on the Polygon Chain Development Kit (CDK).
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This is a modular, open source software toolkit for blockchain developers to launch new L2 chains on Ethereum, and is currently being upgraded.

This release will introduce a number of improvements including:

• Boosted stability and scalability, with the Erigon Ethereum community client RPC and sequencer enabling more than 100 transactions per second and increased gas limits.
  
  
• Increased prover capacity, which translates to higher counter limits for smart contracts. This enables more complex smart contracts and more sophisticated DeFi protocols.

• Native AggLayer integration, with pessimistic proofs providing easier connectivity to the AggLayer out of the box. More new chains continue to join the AggLayer, including recently launched Korean L2 Silicon .

The upgrade is expected to go live in October, setting the stage for the launch of Swell L2 soon afterwards.

Ankr RPC

Swell L2 will use Ankr's Remote Procedure Call (RPC) to connect dApps and blockchain projects to Swell L2.

Ankr provides RPCs for every leading L2. The RPC infrastructure is notable for operating without any cloud dependencies: Ankr has created its own CDN network with independent distributed data centers, no cloud fees, and high public rate limits. This makes it one of the fastest on the market.
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Developers enjoy a simple onboarding experience through the free public RPC, and can use various high-performance RPC connections for smart contract deployment, transaction execution, and network data retrieval.

RedStone Oracle

Long-standing Swell partner RedStone will be the first Oracle on Swell L2.

The oracle is not only the leader of the liquid restaking market, but will also be secured by restaked assets through EigenLayer and Symbiotic – supporting Swell’s vision of the Restaking Yield Layer.

Swell L2 testnet

Up next, Swell L2 testnet in early Q4.

This fully-featured testnet environment will closely mirror mainnet conditions, allowing for thorough testing and experimentation prior to the launch.