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Rollups Integrate AvailDA, Renzo Modifies Airdrop After Backlash

Apr 25, 2024
Author
Tom Couture
Tom Couture AC
Market Update U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop in #META following its Q1 earnings release. Crypto markets are faring better, with #BTC (-0.28%) trading at $64k and #ETH (+0.32%) showing strength, rising to $3,150. A report was released this morning that the SEC plans to reject the Ether spot ETFs in May. Although the reason for the rejection remains to be seen, the news is likely fully priced in and may provide support to the ETHBTC ratio, which has gained 0.60% and is approaching the 0.05 mark. Source: ZerohedgeAvail, a modular interoperability solution, plans to onboard Arbitrum, Optimism, StarkWare, zkSync, and Polygon to its data availability solution, AvailDA, helping them scale their respective networks. Data availability has become a bottleneck in rollups’ scaling journey, and Avail should help improve L2 efficiency. Although the partnerships pertain to data availability, Avail also has two other key components – Avail Nexus and Avail Fusion – that complete the “Avail Trinity.”

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