According to BlockBeats, on September 4, blockchain interoperability platform Everclear, formerly known as Connext, announced the launch of Renzo's L2 re-staking service based on its chain abstraction technology. The service has already achieved significant milestones, including over $1 billion in Total Value Locked (TVL), a tenfold increase in unique externally owned account (EOA) addresses, and a 90% reduction in gas fees.
Everclear's solution allows Renzo users to re-stake ETH directly on Layer 2 (L2), thereby retaining liquidity within the L2 ecosystem. This eliminates the need for users to bridge back to the mainnet, avoiding high gas fees and enhancing the overall user experience.
