EthLabs releases the “Week2” update report, focusing on advancing Ethereum interoperability, PropAMMs, and funding progress.

BlockBeats message, July 6: EthLabs founder Barnabé Monnot (barnabé.eth) released a “Week 2” update, summarizing the team’s latest progress during the launch and fundraising phases, as well as directions for ecological discussion.

In terms of interoperability (Interop), the team said they are building confidence in “zero-knowledge proof (zk)-based asynchronous interoperability,” believing it will help build more secure cross-chain bridges and enhance the native distribution capability of assets across Ethereum’s multi-layer network.

At present, some partial cross-chain paths still face latency issues, especially in the L2→L1 direction. Against this backdrop, the intents mechanism can serve as a transitional solution, while sufficient L1 liquidity also helps match cross-chain executors (solvers). Meanwhile, the L1→L2 path is expected to significantly reduce confirmation latency through the Fast Confirmation Rule (FCR), and some clients have already begun integrating this mechanism.

In terms of ecological discussions, PropAMMs (proposal-based AMMs) have become a recent focus for multiple teams and researchers, with the core being their potential optimization space between L1 execution efficiency and transaction construction (block building). At the same time, ENS was emphasized as “critical Ethereum infrastructure,” and the team continues to communicate with relevant stakeholders to advance its development direction.

In terms of team building, Ethlabs has received more than 300 applications and has processed about 20% so far. The goal is to expand to about 10 people in the short term and about 20 people in the medium term, with a focus on hiring talent with engineering capabilities and domain expertise.

Regarding funding, Ethlabs said the current fundraising is nearing completion and that it has already received early support from BitMNR, Sharplink, and Ethereum Joseph. After bringing in 1–2 more core investors, it plans to enter the next phase.