New York, NY, October 30th, 2024, Chainwire
Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch marks a significant milestone in building Morph’s consumer layer, serving as an expansion beyond a typical Layer 2.
Morph’s consumer layer directly addresses the root causes of limited blockchain adoption, enabling ecosystem participants to exchange real assets and engage in transactions. Projects that are already building on Morph can now transition to the mainnet and continue developing their technology with this expanded scope, further driving growth of the consumer layer.
Cecilia Hsueh, CEO and Co-Founder of Morph, commented on today’s news: “Morph’s launch on mainnet marks a significant step in our mission to bring blockchain to the masses. Currently, dApps are not designed for everyday users–we are working hard on changing this. This milestone propels our vision of a decentralized, scalable, and secure infrastructure, empowering developers and users alike with the tools they need to build and engage with the next generation of consumer-centric decentralized applications.”
Morph’s consumer layer is a carefully crafted ecosystem of technologies, services, and features that combines optimistic and zero-knowledge rollups to strengthen both security and performance. To date, blockchain adoption has been slow due to regulatory, scalability, and performance issues.
On the other hand, the newly-launched mainnet offers builders a blockchain experience that is scalable, secure, and user-friendly to the non-crypto native, enabling endless possibilities for consumer blockchain applications.
Morph’s mainnet launch follows its previous Holesky Testnet that featured key upgrades including an EIP-4844 Optimistic zkVM integration to lower transaction costs and a revamped bridge mechanism to finalize withdrawals in a single transaction. Aiming to improve performance and infrastructure, the testnet saw over 6 million wallet addresses, 100 million transactions, more than 200 projects deployed, and 1 million plus members joining the community.
“Our goal is to be the one-stop shop for all builders around the globe to come build on and be able to create success for the projects they’re working on,” said Azeem Khan, COO and Co-Founder of Morph. “While…