⚔️ 🦉 Gnosis Chain Weekly · 6 May 2022
Optimism on Gnosis Chain is redefining blockchain scalability
DarkForest DAO optimistic explorations
🏔 of the Week
Optimism on Gnosis Chain
Gnosis Chain has always operated from a position of positivity, seeing obstacles as opportunities and blockchain technology as the instrument to help us overcome our biggest collective challenges.
With this optimistic worldview in mind, it’s no surprise that optimistic rollups are gaining a ton of traction on GC. A newly deployed implementation of Optimism* on Gnosis Chain is redefining what speed and cost look like in an integrated, multi-chain future.
Optimism uses rollup technology and a sequencer to submit optimized batches of transactions periodically to the L1 chain (in this case Gnosis Chain). This minimizes costs as batches containing transactions are processed rather than processing each individual tx.
Since Gnosis Chain is already many times less expensive than Ethereum, cost savings are magnified accordingly. While sending a simple tx using Optimism on Ethereum costs around $0.56, on Gnosis Chain this is reduced to $0.000000001! This is not a simple 🍎 to 🍎 comparison (L2 on Ethereum vs L2 on GC) but shows the potential for optimization when using the Gnosis Chain ecosystem.
Vitalik Buterin recently tweeted that the L2 fee per tx “Needs to get under $0.05 to be truly acceptable imo”. So….how does $0.000000001 sound?
*Optimism on Gnosis Chain is deployed by the GC team from open-source code, and is not officially affiliated with nor endorsed by the Optimism team.
🪐 Dark Forest: Exploring the Outer Bounds
Dark Forest is a perfect application to test the limits of Optimism on GC due to players (and player-coded bots!) performing as many transactions as possible within compressed time frames. These types of MMO games are prohibitively expensive on Ethereum / Optimism on Ethereum / most L1s, and Gnosis Chain provides the opportunity to explore the outer bounds of what is possible in an optimistic blockchain environment.
So far, their experiments are proving promising!
#By the Numbers
Total transactions: 100M+ on Gnosis Chain
# of validators: 93K+ on Gnosis Beacon Chain
Screen Time with Gnosis Chain
The Gnosis Chain Youtube channel is up-and-running with new, regular content. This week, host T Wells presented an overview of the DeFi Ecosystem on Gnosis Chain, and a condensed version of the Mai Finance AMA was added.
In addition, Dark Forest DAO twitch channel is running tutorials on all things Dark Forest, such as how to setup your own Arena. Checkout their channel to learn more!
Dark Forest TV: https://www.twitch.tv/dfdao
It has been another momentous week for the GnosisDAO Forum with two substantial GIPs passing quorum. GIP-38 will fund a major initiative to grow the Gnosis Chain ecosystem while GIP-35 targets a new 3M GNO token supply. For a full overview, head to the forum.
⚡️Live On Snapshot⚡️
GIP-40: Should Gnosis DAO support a reimbursement plan to the Hundred Finance Community in the following manner? [Voting concludes May 10, 2022]
GIP-36: Should GnosisDAO fund BuidlGuidl 3 ETH per quarter? [Voting concludes May 10, 2022]
⚡️Recently Passed On Snapshot⚡️
GIP-38: Should GnosisDAO fund a Gnosis Chain ecosystem growth initiative? [Voting concluded May 5, 2022]
GIP-35: The target total supply should be 3M GNO? [Voting concluded May 3, 2022]
GIP-42: Should $10M in GNO be used to foster the usage of Uniswap v3 on Gnosis Chain?
Nethermind released v 1.12.8 including new Gnosis Chain bootnodes and other optimizations. If you are running a Nethermind node, please update!
Winding Tree made history at DevConnect with their Gnosis Chain powered NFT hotel bookings! Read more about how it went down and follow https://win.so/ for booking availability at upcoming Eth conferences.
🏔 of the Week
A few weekly tidbits highlighting regular goings on.
🏘 DAO of the Week: Quiver DAO
Quiver DAO was formed through a RaidGuild initiative to make web3 development easier. A group of developers joined forces to create an open-source React project that alleviates the pain of interfacing with web3 wallets.
Quiver was one of the first DAOs to be founded and funded with Y33ter by DAOhaus - a no-code DAO creation and fundraising platform with strong donor protections. Within a few days of having the idea, the Quiver team formed their DAO, raised 10,000 USD and began development.
The Quiver React Library is actively maintained, available now and is being used in several web3 projects.
🐝 NFT of the Week: NFBeez
Want a limited-edition NFT that shows your 💚 for Gnosis Chain for only $39? A Collection of animated bees awaits from the community artists at 1Hive, Agave, BrightID, GUStakes, TEC, Shapeshift, xDai punks and Gitcoin. This collaborative project exemplifies the spirit of cooperation that defines the Gnosis Chain Community.
As always, a big thank you 🙏 to the builders and believers! Join GnosisDAO next Monday (9 May) for the community call on Twitter spaces to discuss the latest happenings and plans for the Gnosis ecosystem.
See you on-chain,
The Gnosis Chain Team