According to BlockBeats, on September 4, blockchain interoperability platform Everclear (formerly Connext) announced that Renzo launched L2 re-staking services based on its chain abstraction technology.

It has now achieved a TVL growth of over $1 billion, the number of unique EOA addresses has increased 10 times, and the gas fee has decreased by 90%.

Everclear’s solution allows Renzo users to re-collateralize ETH directly on L2, keeping liquidity within the L2 ecosystem, avoiding high gas fees, and improving user experience.