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ETH 
GNO GnosisDAO approves the transformation of Gnosis Chain into a ZK-certified Ethereum Economic Area Summary
GnosisDAO has approved the transformation of Gnosis Chain from a stand-alone Layer-1 network to a ZK-certified Ethereum Economic Area (EEZ) Summary. According to an announcement issued by Gnosis Chain, the GIP-153 proposal received a total of 123,158 GNO supports, 115 objections and 151 abstentions. The number of participants in the voting was 54. The total number of voting participants reached 123,425 GNOs, exceeding the legal threshold of 75,000.
Under the proposal, Gnosis Chain's validator set will be retired and the network will switch to settling transactions through Ethereum, making Gnosis Chain a Layer-2 (L2) network that relies on Ethereum validators for settlement. The initial plan is to launch at the end of 2026 or early 2027, depending on the preparation of the required EEZ technology.
This upgrade will allow Gnosis Chain native smart contracts to call Ethereum and use the call results in the same transaction, allowing them to access the assets and liquidity of the Ethereum main network in an "optimized" consumer-level environment. The proposal states that this capability is not currently implemented on existing L2 networks.
Gnosis Chain will become the first production-level EEZ instance
EEZ is a summary framework for building alignment with Ethereum, co-developed by Gnosis and ZisK and funded by the Ethereum Foundation. The plan aims to unify Ethereum's fragmented L2 ecosystem by allowing smart contracts on different summaries to execute simultaneously without relying on bridges. It targets one of Ethereum's main scalability tradeoffs: While dozens of L2 networks improve throughput, they also lead to the dispersion of liquidity, infrastructure and user activity across different blockchains.
Gnosis Chain will be its first deployment instance, while retaining existing applications, balances and xDAI fuel tokens. Ethereum co-founder Vitalik Buterin has previously expressed concerns about centralized sorters and trust bridging mechanisms in some L2 network designs, believing these to be potential weaknesses. "L2 's original vision and its role in Ethereum are no longer reasonable and we need a new path." He wrote in a February 3 post.
According to data from L2Beat, the current 22 Ethereum companies collectively guarantee US$27.82 billion in funds. Including validium, optimum and other extension networks, the total guarantee value tracked by the platform is US$34.88 billion.
Standard Chartered Bank: EEZ can reduce reliance on fragile infrastructure
Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, said EEZ is expected to reduce its reliance on blockchain bridging and increase activity within the Ethereum ecosystem. He wrote in a report: "EEZ will deliver two major benefits: reducing the need for bridging (where attacks often occur) and improving the operability of assets on the Ethereum virtual machine chain. Both of these factors could drive more active activity within the Ethereum ecosystem." Kendrick believes that EEZ can achieve greater composability between assets, allowing smart contracts on different participating networks to interact in the same transaction.
