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Fortune
Fortune
Taylor Locke

Matter Labs raises $200 million to grow team behind Ethereum scaling solution

(Credit: Courtesy of MatterLabs)

With the Ethereum Merge complete, there’s been a heightened focus on scaling the network through Layer-2 solutions like zero-knowledge rollups.

ZK-rollups in particular are a key part of the Ethereum roadmap, being repeatedly mentioned by the likes of Vitalik Buterin and blockchain developers. They bundle transactions and execute them off-chain to improve network speed and lower fees. Currently, Ethereum processes around 30 transactions per second, but in the future with rollups, the goal is 100,000 transactions per second, Buterin said.

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