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Near Foundation Partners With Eigen Labs For More Efficient Ethereum Rollup Transactions

The Near Foundation, which is developing the Near protocol, has teamed with Eigen Labs, which is developing the restaking protocol Eigen Layer. According to a statement, the alliance intends to provide cheaper transactions for Ethereum rollups. Transactions will take three to four seconds to complete when employing low-latency cross rollup communication. Furthermore, liquidity fragmentation between Layer 2s will be decreased. “For Eigen Layer, this collaboration will provide fast settlement for cross-rollup transactions and showcases adoption of restaking across the Ethereum ecosystem and beyond,” said the Near Foundation.

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