Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.
Ethereum is trying to fix one of its biggest problems: everything on Ethereum feels scattered.
And if they pull it off, Ethereum and its L2 may never be the same.
The Ethereum Foundation revealed its early work on something called the Ethereum Interoperability Layer, or EIL.
The idea is simple but ambitious: let any Ethereum L2 talk to any other L2 instantly, safely, and in a way that feels invisible to the user.
No more guessing what chain you’re on. No more juggling tokens or bridges. No more worrying whether your wallet is connected to the right place.
You’d sign a transaction once — and the wallet + network would handle the rest in the background.
They also made a point of tying this to Ethereum’s core values: self-custody, censorship-resistance, open-source development, and privacy.
The roadmap rolls out in phases, starting with basic standards and messaging across L2s, and eventually moving toward real-time, trust-minimized communication between chains.
“What if all the L2s felt like a single, unified Ethereum? No bridges to think about, no chain names to recognize, no fragmented balances or assets. That’s the vision of the Ethereum Interop Layer (EIL): making Ethereum feel like one chain again – while preserving the trust-minimized, decentralized foundations we all care about.” – Ethereum Foundation researcher Yoav Weiss
Today’s Ethereum stack is fragmented: dozens of L2s, each with its own UX, contracts, bridges and token flows.
Interop aims to eliminate that friction and bring users toward the future of “account abstraction.”
Sign into an app and start using it – regardless of what chain the app sits on.
If Ethereum pulls this off, it becomes:
And it also enables composability, making it easier for existing apps across L2s to work together and build on top of one another.
This all feels majorly bullish for Ethereum (and ETH).
But what about the existing L2 tokens?
Well, in an interoperable future, users won’t care what chain they’re on – and thus it will be harder to assign value to those chains.
Maybe their core valuation metrics will be preserved (TVL, usage, apps) behind the scenes. Something to think about at least.
Regardless of what happens to the L2 tokens, this is a major win for user experience on Ethereum and thus a big win for users.
Here’s a rundown of major token, protocol and airdrop news from the day:
Here is the list of other notable headlines from the day in NFTs:
