We are at the dawn of the proxy era. The applications are early, the curiosity is endless, and the frontier remains open. At @Consensys, we are committed to supporting and expanding x402 (proposed by @CoinbaseDev) and are collaborating with @Google to build an open proxy payments economy. 🧵

White Rabbit just became the first cryptocurrency project to win an Emmy Award. Imagine telling CT in 2021 that in a few years our producers and ETH will be honored on the Emmy stage. You wouldn't believe us. "૮₍ ˶•⤙•˶ ₎ა

Stablecoin circulation on Ethereum's L1 and L2 networks has now surpassed the $171 billion mark. - The Ethereum mainnet alone holds $152.8 billion (up 78% year-over-year). It remains the undisputed center of stablecoin liquidity. - Total L2 circulation exceeds $18 billion, led by Arbitrum ($8.8 billion) and Base ($3.9 billion). - L2 growth is accelerating: Arbitrum grew 92% year-over-year, Mantle grew 172%, and Base set a record for the fastest-growing L2 stablecoin supply. Thanks to @OnchainHQ and @LeonWaidmann for their contributions!

@LineaBuild net deposits hit $2.5 billion. Higher.

Ethereum is the foundation of institutional finance.

On July 14th, Almanak witnessed the deployment of the first community-run vault on Ethereum. Now, approximately two months later, we are seeing rapid growth, demonstrating the enormous potential of AI in DeFi, when used appropriately. Code-based strategies created by AI Swarm are seeking PMFs.

The Ethereum ecosystem converged on Latin America in Q4. @EFdevcon wasn't just in Argentina, but also in Chile, Brazil, and across Latin America. Plan your trip and connect with diverse Latin American communities as you head to Buenos Aires for Devconnect. 1/ Other events in Latin America before Devconnect: 🇧🇷@ethlatam São Paulo: November 8-9 🇦🇷@JoinEdgeCity Patagonia: October 18-November 15 🇨🇱@Ethereum_Chile: October 24-25 2/ In Buenos Aires, you can also attend: - @FundingCommons Residency: October 24-November 14 - @invisiblgarden: October 27-November 16 - @dev3pack Residency: November 3-24 For more local events, visit the Destino Devconnect calendar. 3/ Devconnect will be held in Buenos Aires from November 17th to 22nd. Highlights: - The inaugural Ethereum World Expo - Ethereum Day on November 17th - @ETHConAR on November 18th And a week of Ethereum excitement. 4/ Get your Devconnect ticket: View the full Devconnect schedule and register for the event:

Trillions of dollars in risk-on assets (RWAs) are moving to the Internet of Finance. In fact, the tokenized Treasury market has surged 860% since Securitize and BlackRock launched BUIDL on Ethereum. Risk-riding on this momentum, @Etherealize_io has released a new report outlining why Wall Street is ready to move on-chain and why it should do so through native tokenization. A turning point in global finance has arrived.

Today, we're excited to launch the $2 million Fusaka Audit Competition on @sherlockdefi, with co-sponsors @gnosisdao ($100,000) and @LidoFinance ($25,000). Week one will feature a 2x points multiplier, while week two will feature a 1.5x points multiplier for valid discoveries. 1/2

StarkNet and StarkWare: Scaling Ethereum with Proof Technology. What @StarkWareLtd is Building StarkWare is a company founded in 2018. They develop cryptographic proof technology called STARKs (Scalable Transparent Arguments of Knowledge). They currently have two main products: 1. StarkEx – a scaling engine for specific applications (NFTs, trading, etc.). It is more permissionless. 2. StarkNet – a permissionless layer-2 network built on Ethereum. It allows any developer to deploy smart contracts; it uses STARK proof technology to scale Ethereum. They also built and maintain Cairo, a programming language for writing contracts compatible with their proof system. --- What @Starknet is Building StarkNet is a Validity Rollup (ZK-Rollup) on Ethereum. It processes transactions off-chain, generates proofs, and then submits these proofs to Ethereum. This enables many transactions to be conducted at a lower cost and with higher security. It uses STARK proofs (from StarkWare) to verify the integrity of off-chain operations. Features include: • Native account abstraction (accounts are flexible and programmable) • Composability (smart contracts on StarkNet can easily interact with each other) • StarkNet has low fees and fast transaction speeds compared to all operations on Ethereum Layer-1. Network metrics: ~7,000 daily active accounts; ~206 million total transactions; ~$411 million in total value locked (TVL) (as of mid-2025). They also released the SN Stack, allowing others to build application chains (custom chains) using the same technology stack behind StarkNet. ___ The Relationship between StarkWare and StarkNet StarkWare builds and maintains the core technologies: STARK proofs, StarkEx, StarkNet, and Cairo. StarkNet is part of the StarkWare product line. StarkEx is available to select dApps; StarkNet is open to everyone. StarkWare researches, releases, and improves core cryptographic systems (such as new prover systems), which then improve or extend the functionality of StarkNet and StarkEx. --- How this will help you (and others) You can build applications with transaction costs far lower than on Ethereum mainnet. This enables smaller, more frequent interactions. You gain stronger security (because proofs happen off-chain, but verification on Ethereum ensures correctness) while avoiding high fees. Your application or service can scale: more users, more transactions, without exploding costs. If you're writing smart contracts, you can use Cairo. Learning it gives you access to this scalability layer. You have the choice: build simple applications first, then leverage more advanced features (account abstraction, appchains) as needed. For users: Cheaper fees, faster speeds