Chainfeeds Summary:
This article compiles a list of teams that, following the Fusaka upgrade, are actively building, expanding, or explicitly committing to using Ethereum L1, based on public statements and one-on-one communications.
Article source:
https://x.com/KhanAbbas201/status/2021255326679564425
Article Author:
Abbas Khan
Opinion:
Abbas Khan: 1) ENS publicly stated that Fusaka was a key reason for its reaffirmation of Ethereum L1 as the execution layer and its abandonment of its self-built L2 (Namechain) plan. This is a significant roadmap shift for a protocol deeply embedded in Ethereum's identity system and composability layer, reflecting a strategic change brought about by the significant improvement in L1 usability. 2) Aerodrome plans to expand MetaDEX to Ethereum L1 in Q2, deploying more advanced market structures and liquidity mechanisms directly to the mainnet. This reflects its confidence in L1's ability to support high-value, strongly coordinated DeFi applications, rather than simply viewing it as a passive settlement layer. 3) Blackhole, the largest DEX on Avalanche, is launching @SupernovaDEX, a new ve (3,3) mechanism system built directly on Ethereum L1. 4) A+ is a one-stop infrastructure platform that enables regulated financial institutions to issue stablecoins compliant with GENIUS regulations on Ethereum. 5) Multiple banks can mint under the same stablecoin code $USDA+, achieving shared liquidity across issuers, unified security, and native DeFi interoperability. 6) Onchain City is building infrastructure to help governments and public institutions deliver public services through on-chain systems rather than traditional paper-based processes. 7) Synthetix is redeploying its perpetual contract platform back to Ethereum L1, adopting an architecture of "off-chain CLOB + on-chain custody and settlement," striking a balance between performance, mainnet security, and composability. 8) Polaris Finance is building a fully on-chain stablecoin operating system that generates yield through endogenous volatility, rather than relying on RWA, US Treasury bonds, or off-chain counterparties. 9) Cypher, an ICO and issuance platform built by the @CamelotDEX team, is introducing this model to Ethereum L1, prioritizing neutral settlement and the availability of deep native liquidity. 10) Spreads Finance has migrated from Berachain to Ethereum L1 and plans to launch additional on-chain equity products this month. 10) Ember Protocol has expanded from Sui to Ethereum L1, and its largest vault has now begun accepting stablecoin deposits on L1.
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