Have you modularized your warehouse? Taking inventory of six modular core projects

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24-03-11 15:21

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Original author: Riyue Xiaochu, crypto KOL

Editor’s note: In this bull market, the narrative of modular blockchain has always been a hot topic . Compared with a single-architecture blockchain that independently completes execution, settlement, consensus, and data availability, a modular blockchain divides these functions into multiple dedicated layers. This approach reduces transaction costs while also enhancing scalability, flexibility, etc. Reference reading: "Value Capture in Modular Stacks". Crypto KOL Riyuexiaochu is doing in-depth research on modular blockchain After researching, shared his thoughts on X. He believes that this bull market is worth investing heavily in modularization, and introduced 6 modularization-related projects. The full text is reproduced by BlockBeats as follows:

[Look at modularization again, bull market The logic of a heavy position]

After in-depth research on the sector, it is confirmed that modularization is a must-have position in the bull market.

The core logic of this bull market is large-scale application, whether it is the rise of a large number of Layer 2, the Cancun upgrade, or high-performance public chains such as Sui and APT The development is all to welcome the entry of a large number of Web2 users.

Modularization is the infrastructure for large-scale applications and is also a must-have. In 2021, Cosmos called out the concept of Appchain, and this vision will be realized by modularity. Because it makes creating a chain very cheap, very easy, and can be created on demand.

Raas service providers can even maintain a modular public chain without coding and only need 3000U/month. It also provides various infrastructures, such as blockchain browsers, cross-chain bridges, data APIs, etc.

As written in "Modularization is Rising", it has become a trend for an application Dapp to make a chain, not only because it can be made into a public chain as needed , or you can develop your own ecology. From a profit perspective, the market value ceiling of a public chain is much higher than that of a Dapp.

1 Celestia (Tia)

@CelestiaOrg

Celestia is a modular architecture One of the most important roles. Celestia focuses on the DA layer and consensus layer. Developers can let Celestia be responsible for DA, let Ethereum or other public chains be responsible for consensus and settlement, and execute it themselves. Or let Celestia act as DA and consensus, and itself act as settlement and execution. Celestia Labs has launched Blobstream, which delivers Celestia’s modular data availability layer to Ethereum. The promise of using on-chain light clients to relay Celestia data roots enables Ethereum developers to create high-throughput L2s as easily as they develop smart contracts.

Among the four layers: consensus layer, execution layer, settlement layer, and data availability layer, the DA layer has the greatest demand. Otherwise, Ethereum would not go to great lengths to do the Cancun upgrade to reduce the cost of DA. According to other people's tests, even if Blob greatly reduces the gas cost of Layer 2 after the Cancun upgrade, it is still dozens of times more expensive than using Celestia.

From a practical point of view, Celestia, as the DA layer with the highest product integrity, highest reputation, and largest market value, is the first choice of many Layer2s and pledges Celestia to users As an airdrop target, let Celestia start a positive spiral.

2 Dymension (DYM)

@dymension

Dymension General It is considered as a settlement layer module, but it can also be used as a Raas service provider. Because through Dymension, you can build a public chain, which is RollApp’s public chain. The core product Dymension RDK is the Cosmos SDK customized for RollApps.

The Cosmos SDK is a development kit that comes pre-installed with several modules to speed up the build process. Additional smart contract frameworks have also been developed and deployed, produced under different licenses:

● Ethermint: EVM Smart Contracts

● CosmWasm: A Wasm framework built by Confio and Cosmos contributors

Dymension has an embedded AMM that acts as a centralized liquidity layer for the RollApp ecosystem. The AMM supports features such as cross-RollApp swapping, efficient token bootstrapping, and provides access to protocol incentives.

Compared with other modules, Dymension is more difficult to develop, especially for Ethereum-based Layer 2, which is not dominant, but it is more malleable. Judging from the results, although officially more than 1,000 RollApps have been deployed. However, according to our investigation, the TVL of the leading Rollapp is only a few million US dollars, and the daily activity is only double digits. Therefore, there is still a lot of room for progress in the development of the Dymension ecosystem.

3 Fuel

@fuel_network

At the execution level, Fuel plays a very important role. Through its original FuelVM, Fuel implements improvements proposed over the years to the Ethereum VM (EVM) without sacrificing backwards compatibility, including parallel transaction execution and support for multiple native assets. Fuel enables parallel execution of transactions in the form of a UTXO model using strict state access lists. As a result, Fuel can deliver more computation, state access, and transaction throughput than its single-threaded counterpart.

4 Eclipse

@EclipseFND

Eclipse is an execution layer module Another important role of Ethereum, its plan is to bring the Solana Virtual Machine (SVM) into Ethereum, so that Ethereum can have the functionality of Solana. Its specific structure is:

· Settlement layer—Ethereum: Eclipse will settle to Ethereum (i.e., the embedded verification bridge on Ethereum), and Use ETH as its Gas consumption, and the fraud proof will also be submitted on Ethereum;

· Execution layer—Solana Virtual Machine (SVM): Eclipse will run high Performance SVM as its execution environment, a fork of the Solana Labs client (v1.17);

· Data availability layer—Celestia: Eclipse will Published to Celestia to achieve scalable data availability (DA);

·Proof mechanism—RISC Zero: Eclipse will use RISC Zero for ZK fraud proof (no intermediate state required) Serialization);

· Communication protocol—IBC: Complete bridging with non-Eclipse chains through Cosmos’ inter-chain communication standard IBC;

· Cross-chain protocol—Hyperlane: Eclipse and Hyperlane are partnering to bring Hyperlane’s permissionless interoperability solution to Solana Virtual Machine (SVM)-based blockchains.

5 Espresso

@EspressoSys

Espresso is decentralized Sequencer, although it is not one of the four modules. But it's also very important. We know that the core of Layer2 is to uniformly package transaction rollup to Layer1. Then the sorting of transactions on Layer 2 is completed by the sorter, and the sorter has the right to let a transaction be packaged first, or not packaged. Now the sorters are basically controlled by the Layer2 project side, which obviously violates the principle of decentralization. In the future, the use of decentralized sorters will become an inevitable trend.

Espresso is a decentralized sequencer using the HostShot consensus mechanism. This may consist of thousands of heterogeneous nodes, with their own DA layer to store data. Espresso can achieve:

1) Fast response to Rollup and final confirmation of transaction

2) The HostShot consensus mechanism used by Espresso can be expanded With tens of thousands of nodes, strong performance can be guaranteed.

3) Espresso’s Layer2 can realize express delivery and low-cost cross-chain communication.

6 Raas service provider

@alt_layer @Calderaxyz @conduitxyz @gelatonetwork

Raas service providers integrate modularization and allow customers to issue chains on demand. It greatly simplifies the process of modular chain development and plays an important role in promoting large-scale modular application. The more important ones include Conduit, AltLayer, Caldera, Gelato, and Lumoz. Among them, Altlayer has the highest degree of integration. It integrates almost four major modular layers, as well as decentralized sequencers, interoperability protocols, etc. Conduit and Caldera are mainly on layer 2 and mainly support OP Stark and Arbitrum Orbit. But their advantages are very convenient and simple, and the price is also very low. And there are already some very well-known modular public chains, such as Conduit used by ZORA, AEVO, and Lyra, and Caldera used by Manta, Loot, and Injective.