Blockchain Valuation

[Metta]

10 hours ago, TwoCitiesCapital said:

The traditional process: 

Transfer money to Coinbase and buy ETH (commission). Send that to your private wallet (gas fees). Take the ETH to Uniswap and buy the token you want (gas fees to permission the app/gas fees to trade the token/slippage). Take those tokens and stake them (gas fees to permission the app/gas fees to stake the token). You still haven't earned a return yet, but have paid 5 sets of fees so far. Today, there is another set of fees to move your ETH/token from base-chain to level 2 chains to lessen the ongoing gas-fees. I don't' know what this costs today, but in 2021 it was going to be over $500 of ETH for me to move my balances to L2 on Optimism and was going to leave me in an inactive limbo of 7-10 days waiting for that to process. 

 

Nowadays, you can sent money from Coinbase straight to Layer 2 like Optimism/Base... and the txs fee on Base in around $0.001. Many Layer 2s even have zero fee. 

The tech improvement is enormous.

[DooDiligence]

 

edit: OK, so seriously. Now I'm just gonna block this gentleman and the extra account he's created that gives the illusion that SOMEONE is seriously interacting with this spam, and be done with it. Does anyone know how to block or ignore a thread(s)?

Edited Monday at 03:04 AM by DooDiligence

[Metta]

31 minutes ago, DooDiligence said:

edit: OK, so seriously. Now I'm just gonna block this gentleman and the extra account he's created that gives the illusion that SOMEONE is seriously interacting with this spam, and be done with it. Does anyone know how to block or ignore a thread(s)?

 

To get out of the hole, stop digging. To get a cold thread, stop posting. God bless you.

[Metta]

On 3/2/2025 at 12:00 AM, alxcii said:

 

- I do believe the rollup architecture will be common but there will absolutely need to be high throughput chains as well. Operating a Nasdaq on-chain (high throughput, high composability) will be fundamentally different than say, gaming economies (rollups).

- This is why I don't believe Solana vs. Ethereum is the right question to ask as we will need both architectures.

- My view is that Solana is and will remain the category leader of monolithic chains, but Ethereum will have parts of its stack eaten by competitors.

- On DA: Without looking into where specific chains are posting their data, Celestia's market share > Eth by data posted. Celestia's interop solution will also be faster to market than another other DA layer - I think, as you say, the network effect will be very strong.

- Similar to how Bitcoin slowly ossified into being just money, I think Eth will end up being just a settlement layer. Nothing wrong with that, it should do what it's best at!

- I think winner takes most will apply in most of the layers - it's definitely top heavy, something like pareto distributed.

 

 

 

One advantage of modular tech stack like Ethereum is that it attracts Layer 2 developers. Layer 2 developers can make a lot of money. See Base from Coinbase. Therefore, many exchanges like Coinbase(L2 Base), Kraken(L2 Ink), Bybit(L2 Mantle)... are building Layer 2 on Ethereum. They will attract more users, coders, and liquidity to Ethereum. Layers 2s are builders/distributor for Ethereum Network. Who win the distribution problem will probably win the blockchain war.

 

Maybe one day Robinhood, Stripe, Blackrock, Charles Schwab, Nasdaq... will build a Layer 2 on Ethereum. 

Sony already launched an Ethereum L2 called Soneium: https://www.sony.com/en/SonyInfo/News/Press/202501/25-002E/

World(co-founded by Sam Altman ) is also an Ethereum Layer 2.

Deutsche Bank is reportedly creating a layer-2 (L2) blockchain solution on Ethereum using ZKsync technology: https://www.binance.com/en/square/post/12-18-2024-deutsche-bank-develops-layer-2-network-on-ethereum-using-zksync-17746441239850

Edited yesterday at 01:40 PM by Metta

[Metta]

Aave Proposes turn on fee switch and buyback program.

Aave DAO has announced significant updates to its tokenomics, including the initiation of a buyback program and the activation of a fee switch. This proposal, considered the most pivotal in Aave's history, aims to redistribute excess protocol revenue and enhance token value for holders.

[alxcii]

12 hours ago, Metta said:

 

One advantage of modular tech stack like Ethereum is that it attracts Layer 2 developers. Layer 2 developers can make a lot of money. See Base from Coinbase. Therefore, many exchanges like Coinbase(L2 Base), Kraken(L2 Ink), Bybit(L2 Mantle)... are building Layer 2 on Ethereum. They will attract more users, coders, and liquidity to Ethereum. Layers 2s are builders/distributor for Ethereum Network. Who win the distribution problem will probably win the blockchain war.

 

Maybe one day Robinhood, Stripe, Blackrock, Charles Schwab, Nasdaq... will build a Layer 2 on Ethereum. 

Sony already launched an Ethereum L2 called Soneium: https://www.sony.com/en/SonyInfo/News/Press/202501/25-002E/

World(co-founded by Sam Altman ) is also an Ethereum Layer 2.

Deutsche Bank is reportedly creating a layer-2 (L2) blockchain solution on Ethereum using ZKsync technology: https://www.binance.com/en/square/post/12-18-2024-deutsche-bank-develops-layer-2-network-on-ethereum-using-zksync-17746441239850

 

I believe you are conflating Eth the ecosystem with Eth the asset - I am less sanguine on the latter than you are. Eth will grow as the broader crypto ecosystem grows, but predicting whether it can outperform relative to everything else is I think, a seven foot hurdle.