📶Supported Networks

This document describes the networks supported by the Magpie protocol 🚀

Ethereum 🟦

An OG chain, Ethereum has been sort of the default chain for DeFi for years. Facilitating smart contracts and dApps, it became incredibly popular and at one point contained over 96% of all total value locked within DeFi. Even with the increase of both Layer 2 and other blockchains, Ethereum is still holding onto 58% of TVL as well as the majority of yield farms and dApps, and we aggregate billions of liquidity from different sources on the Ethereum chain.

Polygon 🟪

A top 10 DeFi chain, Polygon is a Layer 2 Ethereum scaling platform focused on helping developers build scalable dApps, low transaction costs, and without sacrificing any security when compared to Ethereum. With a healthy ecosystem of dApps and games and up to 7500 transactions per second, compared to Ethereum's 15, while only costing a few cents each, it’s easy to see why Polygon became so popular.

Binance Smart Chain (BSC) 🟨

Started by the world’s largest cryptocurrency exchange, Binance, BSC has smart contract functionality and compatibility with the Ethereum Virtual Machine, making for an easy transfer of Ethereum based tools and dApps over to it. BSC works off of proof-of-stake, meaning that the native gas token, BNB, is staked to become blockchain validators to provide consensus. The chain skyrocketed to success in 2021 during the huge DeFi surge and still to this day, it is one of the most popular DeFi networks, boasting over 5% of the TVL in DeFi and hundreds of millions of volume each day.

Avalanche 🟥

An open, programmable smart contract platform for decentralized applications. With the fastest smart contracts platform in blockchain, at under 2 second finality, compared to Bitcoins 60 minutes and Ethereum's 6 minutes. Using subnets, the transactions per second on Avalanche can scale infinitely, not limited to a just a few hundred or thousand. Avalanche is compatible with Solidity, the smart contract language of Ethereum, and has the cheapest contract deployment rate, making it very popular for NFTs.

Arbitrum 🟦

One of the best Ethereum scaling solutions and a top five DeFi protocol in volume & TVL. Arbitrum also has some of the lowest fees for using ETH as gas, making it an incredible platform to trade on. Arbitrum is an “optimistic rollup,” meaning that they take individual transactions, and then batch them together to be computed off-chain and sent back to L1 Ethereum to be executed, making for faster computations and cheaper transaction fees.

Optimism 🟥

An “Optimistic Rollup” of Ethereum, batching, or “rolling up” transactions off-chain & sending them back to Ethereum mainnet once computed. This spreads gas fees & transaction time between 1000s of transactions. Optimism is designed to work with Ethereum from the ground up, so if an app works on Ethereum, it’ll work on Optimism at much less cost.

Optimism is very similar to using the Ethereum that you love, but 10x faster and way cheaper. As it’s easy to develop for, tons of the most popular DeFi apps, wallets, tools, and NFT projects are all on Optimism already, including Magpie, with more on the way.

Polygon zkEVM 🟪

Revolutionizing Ethereum scalability, Polygon zkEVM combines the strengths of both Optimistic and zk-Rollups, offering improvements in transaction speed, preserving users privacy with zk-proofs, and maintaining the security of the Ethereum chain. Additionally, by combining zk-proofs with EVM compatibility, zkEVMs are interoperable with smart contracts and dApps that are used on the Ethereum chain.

Base 🟦

Base is a secure, scalable, and fully EVM compatible Ethereum L2 chain started by Coinbase as a way to help onboard users into DeFi. With Coinbase's $130b ecosystem, Base is built to be the onchain home for Coinbase products, users, and assets, as well as providing developer tools to make it easy to build and reach its users.

Base plans to become more decentralized as the years progress and is built on Optimism's OP Stack, to ensure it's a public good available to all. Base will also be contributing a portion of their sequencer revenue to the Public Goods fund to help fund further projects. Base plans on implementing Account Abstraction (ERC4337) in 2024, which will allow users to pay for gas in any token they wish.

Zksync 🟦

ZKsync is a Layer-2 zk-rollup solution that uses cryptographic validity proofs to provide a low-cost scaling solution for Ethereum, providing for faster and cheaper transactions by processing them off the main Ethereum chain. It does this by using the so-called zero-knowledge rollups (zk-rollups). Zk-rollups are solutions that bundle multiple transactions together and process them off-chain. 



Layer 2 solutions act as an extra lane added to a congested highway. By providing more space for cars (transactions) to move, it reduces traffic jams on the main highway (Ethereum). This extra lane represents the off-chain transaction processing that ZKsync does with zk-rollups.

Blast 🟨

Blast Blockchain - an Ethereum Layer-2 scaling solution, and the only Layer-2 with native yield for ETH and stablecoins, launched in February 2024. Thanks to the Ethereum Shanghai upgrade, ETH yield from L1 is automatically transferred to users via rebasing ETH on Blast L2. While users who bridge over Stablecoins, they receive $USDB, which is Blast's auto-rebasing stablecoin, which generates yield from MakerDAO's T-Bill protocol. As a result, users can generate passive yield just by keeping their funds on the blockchain, upwards of 10% APY!

Blast aims to enhance Ethereum’s scalability by increasing transaction speeds and reducing costs, to provide a more efficient and user-friendly blockchain experience.

Blast is an optimistic rollup meant to improve scalability by processing transactions off-chain before verifying them on Ethereum’s mainnet. Validators on the mainnet can challenge discrepancies through fraud proofs, ensuring transaction integrity and security. As such, BLAST can handle a higher volume of transactions at reduced costs, providing a scalable and efficient solution for developers and users .

Manta Network 🟦

Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications.

Manta offers two networks:

• Manta Pacific, the unique L2 ecosystem on Ethereum for EVM-native ZK applications, provides a scalable and inexpensive gas-fee environment for ZK applications to deploy simply using Solidity.

• Manta Atlantic, the fastest ZK L1 chain on Polkadot, brings programmable identities and credentials to web3 through zkSBTs.

Together, Manta Pacific and Manta Atlantic deliver an unparalleled experience for the next generation of web3 application development and adoption with the applied usage of zero-knowledge cryptography.

Scroll ⬜️

Scroll is a security-focused scaling solution for Ethereum, using innovations in scaling design and zero knowledge proofs to build a new layer on Ethereum. The Scroll network is more accessible, more responsive and can support more users at once than Ethereum alone. If you’ve ever used or developed an application on Ethereum, you’ll be right at home on Scroll. It is a hierarchical zero-knowledge proof system. The first layer efficiently proves using a customized algorithm, while the second layer efficiently verifies them. As a result, their zk-proofs are simultaneously much more efficient on the back-end for provers and compatible with dApps.

Being bytecode-compatible means that developers are able to deploy smart contracts from Ethereum to Scroll without needing to change any code, and for much cheaper than deploying on many other networks, making it easier for existing protocols and projects to join the ecosystem.

Scroll is also open-source, which means it can take the best ideas from throughout its community and contributors for implementation; leading to a better designed, more efficient system.

Open sourcing lends itself to higher security as well, as the more eyes on the code, the more likely it is that any bugs will be identified. But that's not all Scroll has done for security, their code has been audited by five different firms and they employ multiple security teams dedicated to uncovering any potential vulnerabilities.

Metis 🟩

Metis is a blockchain-based platform aiming to enhance scalability, speed, and storage efficiency. It focuses on supporting decentralized applications and businesses with blockchain technology solutions. It's also the first L2 running a decentralized sequencer, which means that they have achieved full decentralization, eliminating single points of failure and the ability to remove any malfunctioning or malicious entities, ensuring stability, and reduces risks related to censorship and MEV.

Metis supports on-chain storage through IPFS (InterPlanetary File System), which allows for the storage of data to be distributed and participatory, reducing the issue of centralized data silos and servers.

You can store, retrieve, and locate the data based on its content identifier (fingerprint) rather than its name, making it easy to find and keep.

If you're looking for a great L2, with fast & cheap transactions, as well as taking decentralization to heart, you'll want to check out Metis.

Fantom 🟦

Fantom is a decentralized, permissionless, open-source smart contract platform for decentralized applications (dApps) and digital assets — one of many blockchain networks built to provide an alternative to Ethereum. The Fantom blockchain mainnet went live in December 2019 and its network architecture intends to provide a viable solution to the Blockchain Trilemma by providing a steady balance of scalability, security, and decentralization.

Like other Ethereum alternatives, Fantom intends to provide more scalability and lower costs than the legacy first-mover smart contract platform is able to provide in its Ethereum 1.0 iteration.

A unique element of the Fantom crypto platform is that users can create and deploy their own independent networks instead of relying solely on Fantom’s main consensus layer. Each application built on Fantom operates on its own unique blockchain. While operating on its own blockchain, each Fantom dApp also enjoys the security, speed, and finality of the parent Fantom blockchain. Further, independent blockchains are modular in structure, which allows developers to configure them to their particular project’s use case.

Taiko 🟪

Taiko is a highly configurable, fully open source, permissionless (based), Ethereum-equivalent rollup, making it so developers don't need to retool any of their code to join the ecosystem.

What makes Taiko based?

• Based contestable rollup: A configurable rollup to reduce transaction fees on Ethereum.

• Based booster rollup: An innovative approach to native L1 scaling.

Based chains are a kind of rollup, where transaction sequencing is completed by Ethereum validators.

By delegating the sequencing to the L1 base chain, it allows for proposers to permissionlessly include the next rollup block as part of the next L1 block, so it inherits the liveness and decentralization of the base chain.

Taiko builds on this even further though, by boosting it to create a Based Booster Rollup which will be a project called Gwyneth. By merging based rollups and booster rollups, dApps can be scaled without redeployment on all L2s. How? By sharding transaction execution and storage, minimizing redeployment costs and helping to solve liquidity fragmentation across L2s within DeFi.

In essence, what this means is that based booster rollup chains allow for dApps to be across all Ethereum L2s, rather than just one, with no need for redeployment to scale.

There are no centralized actors that operate the network; all operations are permissionlessly run by the community.