Ethereum Layer 2 Unleashed: Year 2023 in Review with Reddio

Ethereum Layer 2 Unleashed:  Year 2023 in Review with Reddio

Reddio steadfastly maintains its mission: to simplify blockchain technologies for Web 2 developers. By honing our focus on Ethereum Layer 2, we've made it exceptionally user-friendly for developers to engage and innovate.

With such mission in mind, over the past year, we focus on listening to developers' need and constantly deliver for them.

1. Enhancing Reddio StarkEx Layer 2

StarkEx is the most mature zk Layer 2 technology and has accumulated $1.16T, with 125M NFTs minted on the network. By partnering with StarkWare, Reddio delivered asset onchain and asset trading for Layer 2 in 2022.

To complete the tech stack, in 2023, we have stabilized and enhanced Reddio's own sequencer for StarkEx, iterated APIs based on developers' feedback, launched StarkEx block explorer and L1<>StarkEx L2 bridge. With the recent launch of ERC20 trading APIs, we are completing the stack for StarkEx Layer 2. To enable developer to be able to finish their first task in 5 mins and accelerate their integration, we enhanced JS, Unity SDKs, launched Java, Go, Python and C# libraries and quickstart demos.

2. Working on Starknet smart contract templates

With Starknet becoming more mature, we are receiving more feedback on the difficulties of building smart contracts on Starknet. To assist developers with resolving these difficulties, we delivered a family of smart contracts templates to deploy applications faster on Starknet, including the most common development requests such as ERC20, token airdrop, ERC721, ERC1155, ERC721 staking and also NFT marketplace.

3. Deliver Starknet node services with the least global latency

There are very few node service providers for Starknet and no one has been focusing on low latency among the existing providers. We have benchmarked existing solutions and chose the best solution with fine-tunes mechanism to make the node services available to all developers.

4. Deliver Reddio's Starknet Layer 2

The more we talk to Starknet developers, the more we realised an alternative Starknet is needed, which provides 0 gas fee and high performance for fully onchain games, Dex, and DApps. Hence, we launched our Starknet Layer 2, which is powered by Madara, to just do that. The testnet has been ready and batter-tested with a few of our own customers, and we are preparing it for a larger audience in January of 2024.

5. Start Reddio's own Starknet sequencer for Appchain

While we have been extensively testing Starknet Layer 2 testnet, we realised Madara is far from ready for production, especially when it comes to specific requirements. With the core infra engineer from Scroll joining us and with our experience in building a StarkEx sequencer, we are confident in our ability to build a more stable and much higher performance sequencer for developers. Our sequencer will support both CairoVM and EVM, and with tick-based system for genres of different fully on-chain games. We are building the stack now and will announce the open source stack in Q2 of 2024.

Grand Roadmap in 2024 and beyond

Without a grand roadmap, it's hard for developers to follow. Here's the grand roadmap developers have been asking and waiting for, most of which will be available in 2024.

  1. Improve StarkEx developer experience further for developers to onboard with Reddio
    This will include dashboard improvement of onboarding journey, more tutorials, quickstart, SDKs and libraries.
  2. Reddio's Starknet Layer 2 with 0 gas and high performance
    We have been advocating 0 gas for Layer 2 for years, and successfully launched StarkEx powered Layer 2 with 0 gas. Now, we bring that experience to Starknet and launch our owner Starknet Layer 2 powered by the most customizable sequencer developed by Reddio.
  3. Incentive plan for developers and users to onboard with the best technologies
    Starting with a point system, we will keep track of what developers have been building either on StarkEx Layer 2 or Starknet Layer 2. We will also launch our staking plan to incentivized for users once they have deposited their asset to Reddio's own Layer 2.
  4. One click to launch L2/L3 Appchain powered by the best technology in the industry
    By launching our own L2, Reddio will provide the infrastructure and developer experience so that developers can easily fulfill and/or service large customers' blockchain requirements.  
  5. 5 minutes to get simple task done without learning Cairo or Solidity for your own Appchain
    Ultimately, Reddio's goal is to assist all developers. In doing so, we make it easy for Web2 developers to use our L2/L3 infra, with a very minimal learning curve.
Reddio Platform

The Reddio team is very excited about 2024. We anticipate that 2024 will be a great year for L2/L3 and we are ecstatic to share our technology with the greater developer community. We invite interested partners to talk to us and build together with us on the Reddio Starknet Layer 2. Together, we can lay the foundation for L2/L3 Appchain. As such, we especially welcome partners working on wallets, bridges, AMMs, and NFT marketplaces to talk to us.

2024, Onward and Upward!