Status, known for its work in decentralized communication, has announced the launch of the world's first gasless L2 on testnet, promising to reform blockchain economics.
Innovations in L2 Economics
Status launches L2 that completely eliminates transaction fees, instead gaining revenue from assets and native applications. This allows users to interact with applications without needing to top up gas.
Sustainability and Security Model
The new L2 economic model utilizes revenues from native assets to fund developers and liquidity providers, thus creating a sustainable ecosystem. "We designed Status so developers can build games and social applications without needing to preload gas," says Cyprien Grau, lead developer of the network.
Availability and Key Events
The public testnet of the first version is now live with full gasless transaction functionality. The second version of the testnet is expected to launch in October 2025, with the mainnet scheduled for a release in Q1 2026.
The launch of Status L2 opens new horizons for blockchain interaction, providing users the opportunity to engage with the network without traditional barriers such as transaction fees.
