Ethereum News Today: Myriad Protocol Expands to Ethereum L2 Linea Boosting Scalability and DeFi Reach

Myriad Protocol has expanded to the Ethereum Layer-2 network Linea, marking a significant step in its multichain strategy [1]. The integration is positioned as a “huge milestone” by DASTAN, the parent company of Myriad Protocol, and is expected to enhance the protocol's scalability and user reach [1].

Loxley Fernandes, CEO of DASTAN, emphasized the importance of this move, stating that the Linea team is preparing to amplify Ethereum’s user base and create more resources for developers. Myriad aims to align itself with this momentum and become a key part of the ecosystem [1]. The expansion follows a similar deployment on the Abstract network six months prior, with the company clarifying that it is not shifting away from Abstract but rather expanding its footprint [1].

Ilan Hazan, COO of DASTAN, explained that the support for Linea will bring Myriad’s prediction contracts to its large user base and provide a foundation for future multichain growth. He added that the company views different blockchains not as isolated networks, but as interconnected ecosystems, allowing for strategic expansion based on community and market needs [1].

The launch is expected to power a “new class of DeFi products,” with Fernandes drawing a comparison to the impact of the ERC-20 token standard. He noted that Myriad’s vision is not to create a single destination for prediction markets but to establish a foundational infrastructure that can operate across multiple chains [1]. The goal is to enable users to engage with prediction markets wherever they choose to hold their assets on-chain.

Looking ahead, the company is working on a pipeline of products, including future developments in content creation and distribution infrastructure. Fernandes also mentioned plans for restaking, signaling a broader ambition to transform how users interact with on-chain data and financial instruments [1].

Farokh Sarmad, President of DASTAN, encouraged a shift in expectations, stating that whatever people thought of Myriad before, they should now expect a vision that is “10x bigger.” This reinforces the company’s long-term goals of scaling infrastructure and expanding the use cases for prediction contracts [1].

The launch on Linea follows a growing trend in the DeFi space where projects are increasingly adopting Layer-2 solutions to improve transaction efficiency and reduce costs. Myriad’s move is seen as a strategic step to leverage Linea’s capabilities and reach a broader audience.

The integration is now live, and users can sign in, bridge assets, and participate in USDC-based prediction markets on Linea [1].

Source: [1] Myriad Protocol Rolls Out Expansion to Ethereum L2 Linea (https://decrypt.co/332940/myriad-protocol-rolls-out-expansion-to-ethereum-l2-linea)