A list of projects that are already building on Tezos’ EVM-compatible Layer 2: Etherlink.
Etherlink, for the past few months, has been all the buzz in the Tezos ecosystem and not only. It’s not really a surprise since it’s one of the few decentralized EVM-compatible Layer 2 networks and with its recent beta mainnet launch the buzz has been getting stronger.
In this article though, we won’t talk about what Etherlink is since we’ve already covered that in previous articles like “Etherlink: EVM Rollup Enhanced!” and more recently with “Etherlink: The Best Of Both Worlds”. Instead, I thought it would be interesting to take a look at some of the projects that have already integrated with Etherlink or are currently in the process of building on it. Although the list isn’t exhaustive and includes only a selection of projects that caught my eye, it remains quite extensive. So, let’s dive right in!
LayerZero
LayerZero is an omnichain interoperability protocol designed to enable seamless communication and data transfer across different blockchain networks. With LayerZero, Etherlink users will be able to transfer assets and liquidity from other protocols directly to Etherlink, enhancing the platform’s liquidity and usability. This integration not only supports liquidity transfer but also enables the development of complex, multi-chain decentralized applications (DApps) on Etherlink, making it a more versatile and powerful platform.
Hanji
Hanji is an on-chain central limit order book trading platform. Through it, users will be able to trade assets efficiently by placing limit and market orders directly on the blockchain, ensuring transparent, fair trading with minimized slippage and high liquidity. It’s worth mentioning that Hanji is being developed by the same team that brought us Kord.fi!
Thirdweb
With Thirdweb, developers can easily build, launch, and manage their own decentralized applications (DApps). The platform simplifies the development process by making a lot of the EVM tooling available.
Fireblocks
I’ve covered the importance of the Fireblocks integration with Tezos in a previous article. The tl;dr is that this integration helps with increased liquidity, accessibility, and institutional adoption, and all those benefits become true for Etherlink as well.
Plend
Plend is another decentralized finance (DeFi) platform focusing on lending and borrowing services that is being built on Etherlink. Built by the team that also built Plenty.Network, Plend is currently available on the Etherlink testnet and you can play around with it here.
Hashleap
Hashleap will enable Etherlink users to accept and manage crypto payments easily. Users will be able to send, accept, and track business crypto payments, making it simple to handle salaries, expenses, and other transactions in crypto.
TachySwap
TachySwap is an AMM-based decentralized exchange currently available on the Etherlink testnet. You can perform quick and efficient token swaps on TachySwap and play around with testnet tokens to experience the speed of Etherlink.
Degenerator.wtf
Degenerator.wtf is another interesting and fun project currently building on Etherlink. With their recent launch on mainnet, users can create and trade meme tokens, with more features and functionalities coming.
Bit Hotel
Bit Hotel, was one of the more recent announcements of Etherlink integrations. It allows users to socialize, play games, and earn tokens in Bit Hotel’s virtual metaverse. This is the first game that integrates Etherlink and you can try it out here.
Omnisea
Omnisea is an NFT platform that is also building on Etherlink. It will allow users to buy and sell NFTs on Omnisea’s decentralized marketplace and if you want to give it a try, you can currently mint a “Hello Etherlink” NFT on the testnet.
Secret Network
Secret Network is a confidential computing layer of Web3 that has also announced that they will be building on Etherlink. This integration will provide users and developers on Etherlink with privacy and data protection in various use cases like encrypted order books for Etherlink DeFi applications, private voting for Etherlink DAOs, encrypted storage for various types of Etherlink applications, secure random number generation for Etherlink games, confidential data access via Etherlink NFTs, and sealed-bid auctions for all types of assets.
As we can see, the Etherlink ecosystem is rapidly expanding, with a diverse range of projects integrating and building on it. As I said at the start, this list is not nearly exhaustive and it’s already quite long.
From secure cross-chain communication with LayerZero to innovative decentralized finance solutions like Plend, Hanji, and TachySwap, the potential of Etherlink is being realized across various sectors. Projects like Thirdweb and Fireblocks are simplifying DApp development and enhancing institutional adoption, while Hashleap is improving the efficiency and utility of crypto transactions.
The fun and engaging integrations like Degenerator.wtf and Bit Hotel highlight the versatility of Etherlink in accommodating different types of user experiences. Moreover, the inclusion of privacy-focused platforms like Secret Network and NFT marketplaces such as Omnisea demonstrates Etherlink’s commitment to offering comprehensive solutions that cater to the growing needs of the artistic blockchain community.
Stay tuned for more updates as Etherlink continues to grow and attract more pioneering projects to its robust platform. If you haven’t explored Etherlink yet, now is a perfect time to check it out and experience the speeds and smoothness of the most decentralized EVM- compatible Layer 2 in the space. And remember, it’s all powered by Tezos.
Etherlink: Who’s Building? was originally published in Tezos Commons on Medium, where people are continuing the conversation by highlighting and responding to this story.
