Status Network has introduced the world's first gasless Layer 2 operating on testnet, marking a significant step towards Ethereum's sustainability and scalability.
Launch of Status L2 and New Revenue Model
Status (SNT) has announced the launch of the world's first gasless Layer 2 on testnet, built on Consensys' Linea stack. This new approach is based on eliminating transaction costs while funding developers through asset yield, allowing communities to use applications without needing to preload gas. The focus on revenue from yield-bearing assets and app activity replaces traditional fees.
Economics of Supporting Developers and Users
The Status Network aims to provide developers and users with a seamless experience without gas fees, creating a sustainable economy. Revenues will be generated through yield-bearing assets and app fees, which is expected to increase user numbers and overall network efficiency.
Achievements and Future of Status Network
The public testnet version 1 of Status Network is now live with fully gasless transactions. Testnet version 2 is expected to launch in October 2025, with the mainnet targeted for Q1 2026. The network will continue its efforts to support open-source protocols on Ethereum.
The launch of Status L2 marks a new phase in Ethereum's scalability, opening opportunities for developers and users through gasless transactions and a new approach to revenue models.
