The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
youtube.comSaved by Tengji Zhang
The L1 Wars: SOL, AVAX, NEAR | 15 Jan 2022
ICYMI: @naval and I hosted a discussion with the leading rollup founders, @sgoldfed, @karl_dot_tech, @EliBenSasson, and @gluk64 of Arbitrum, Optimism, Starkware, ZKSync.
It got heated at times 🔥, but a deep discussion on the pros and cons of OR vs ZKR.
https://t.co/99y1Lv2tHA
Haseeb ＞|＜x.com
9 takeaways from ethcc:
1. The next evolution of the app-chain thesis is the cooperative-chain thesis. @owocki has called the latter "ecosystem chains" and they're a massive innovation for the space, enabling projects to *share revenue* for building on chains that support their values.
One... See more
Explaining unique crypto market dynamics and using a Starlink analogy to illustrate stablecoins as efficient financial infrastructure.
TRANSCRIPT
So it's hyper-efficient. The interesting dynamic at play is that in the fiat FX markets, as you get bigger, your pricing comes down. In the crypto markets, as you get bigger, your pricing goes up because the spreads widen. So the market is way more efficient for startups. Over time, the markets get deeper and deeper. And so those startups are
... See moreI see three different scenarios playing out:
- L1s begin to optimize for apps, allowing custom orderflow control with the caveat that a small percentage accrues back to that L1. A similar approach to what Unichain and Sorella Labs is enabling.
- L1s focus on hyperscaling and subsidize infrastructure in order to attract users. Their moat becomes cheap