over the several new and exciting ideas discussed in the Mile High City to address the growing state fragmentation issue in the rollup space.from 2020; where we’ve come as an industry since then; and how the new roadmap has led to an explosive growth for the L2 ecosystem. Indeed, the total value locked in layer 2s is up by over
enabling a seamless exchange and real-time settlement of transactions on the network. In reality, however, each rollup exists within a siloed environment that has neither notion of other rollups state nor Ethereum.This state fragmentation fundamentally compromises the principle network effects of the Ethereum ecosystem, introduces compounding complexity of interoperability protocols and results in an objectively worsened developer and user experience.
Prior to L2 inception, app founders could simply deploy on the Ethereum mainnet without needing to question the user base since users lived universally in one, singular blockchain world. Now, however, modular blockchains have introduced over time a world of unlimited architecture possibilities leading to chains becoming tailored to niche vertical interests within a single, independent state or app-specific chain.within the larger crypto industry.