Crypto Analyzer

Rome Protocol Raises $9 Million to Integrate Solana Capabilities into Ethereum Layer-2

Rome Protocol, a blockchain protocol, has successfully secured $9 million in a recent funding round to enable the integration of modular services from the Solana network into Ethereum’s ecosystem. The funding round attracted significant investment from prominent investors such as Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, and Perridon Ventures, among others. Several notable angel investors, including Solana’s Anatoly Yakovenko and Austin Federa, also participated in the funding round, along with Nick White, Santiago Santos, Comfy Capital, and Jason Yanowitz.

Bringing Solana’s Capabilities to Ethereum

Rome Protocol aims to enhance Ethereum-based rollups by leveraging Solana’s capabilities as a shared sequencer. By integrating Solana into Ethereum services, the protocol seeks to accelerate transaction confirmations, improve privacy and scalability, and reduce blockchain costs. Rome Protocol addresses concerns related to Ethereum’s isolated sequencer feature, liquidity fragmentation, weakest link security, and interoperability challenges on the network’s rollup-centric roadmap.

One of the key advantages of Rome Protocol’s approach is the ability for rollups to utilize Solana’s validators as shared sequencers for transaction processing, state maintenance, and transaction validation. This strategy effectively transforms Solana’s high transaction throughput capacity of over 50,000 transactions per second into infrastructure for Ethereum rollups, ensuring seamless transaction confirmations on Solana before being submitted to Ethereum.

By implementing the shared sequencer architecture, consisting of features such as Rhea, Remus, Romulus, and Hercules, Rome Protocol aims to streamline transaction processing and enhance atomic execution across different rollups. Rhea ensures fair sequencing and submission to Solana, while Remus facilitates atomic transactions between various rollups. Romulus enables atomic transactions between Solana and different rollups, while Hercules manages ordered transaction blocks from Solana.

Empowering Developers with Cross-Chain Interoperability

With the integration of Solana’s capabilities into Ethereum through Rome Protocol, developers can focus on building innovative applications without the need to construct new cross-chain interoperability infrastructure. This initiative allows Ethereum developers to leverage familiar technologies such as the OP Stack for efficient execution and state maintenance, leading to a more seamless and developer-friendly experience.

In conclusion, Rome Protocol’s vision to bridge Solana’s strengths with Ethereum’s ecosystem represents a significant step towards enhancing scalability, security, and interoperability in the decentralized finance space. By enabling efficient cross-chain interoperability, Rome Protocol is poised to unlock new possibilities for developers and users within the blockchain ecosystem.