1 month ago
Happy Presidentās Day #President #trump š¤
Now please pass some more Crypto friendly legislation with #Elon and #POPDOG and get the party startedš„³
Now please pass some more Crypto friendly legislation with #Elon and #POPDOG and get the party startedš„³
3 months ago
3 months ago
HO HO HO! š
POP POP POP! š¶
Merry Xmas and Happy Holidays to all my Crypto Friends!!!šš
#MerryChristmas
#HappyHolidays
POP POP POP! š¶
Merry Xmas and Happy Holidays to all my Crypto Friends!!!šš
#MerryChristmas
#HappyHolidays
3 months ago
$POPDOG wanted to thank all his buddies for all the HAPPY BIRTHDAYS earlier!!! š¤āŗļøš„°
Twitter even surprised me with balloons on my Birthday! How cool! ššš±š„³
Twitter even surprised me with balloons on my Birthday! How cool! ššš±š„³
4 months ago
Hello there Soldiers šš¾
After months of relentless hard work, sweat, and dedication, weāre thrilled to announce that the Kitten Haimer Staking Platform is now LIVE! šš
Itās time to put those $KHAI to work and earn BIG rewards.
š Happy Staking Soldiers! https://staking.kittenhaim...
Letās dominate together! āļøš±
After months of relentless hard work, sweat, and dedication, weāre thrilled to announce that the Kitten Haimer Staking Platform is now LIVE! šš
Itās time to put those $KHAI to work and earn BIG rewards.
š Happy Staking Soldiers! https://staking.kittenhaim...
Letās dominate together! āļøš±
4 months ago
5 months ago
GM Web3 Space!
Let's touch some grass or sand š¼
Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing.
Let's touch some grass or sand š¼
Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing.
5 months ago
Daily Memecoin Recap - November 8
Great way to end the week. What was your best trade?
GOAT Deployer Wallet
$toga -> hit $18 .4m, same deployer as $goat (ATH $800m +), survived all the FUD
- People are saying someone spoofed the transaction and there wasn't actually a transaction coming from the $goat wallet
Homeless Japanese Dev
$fuji -> $100k to $3 .7m (37x), fujimoto1954
- If you saw Japanese on your timeline today it was because of this
- Pushed by idrawline & retardiosolana
Artificial Intelligence
$yousim -> $14m to $35 .5m (2.5x)
$forest -> $10 .4m to $24 .8m (2.4x)
$tds -> $3 .41m to $14 .3m (4.2x)
$mau -> hit $7 .9m, AI chat system
$neko -> hit $3 .8m, virtual pet
High Volume
$uponly -> $8 .2m to $38 .5m (4.7x), cobie
$ass -> $254k to $7 .3m (29x)
$42069k -> hit $3 .4m, $retire derivative
$lingyan -> hit $2 .6m, viral Chinese panda
$zerepooch -> hit $2 .2m, $zerebro 's dog
$affirm -> hit $2 .1m
Happy Cat Continues Its Run
$happy -> $12 .2m to $31m (2.54x)
Animal Memes
$toad $6 .95m -> $12 .7m (1.8x)
$bob -> hit $1 .7m, fish with a human face
$miki -> hit $918k , cute dog
$joji -> hit $836k
$dwag -> hit $700k , $fwog beta
$bulldog -> hit $433k
Elon Meta
$legend -> hit $1m , based on elonmusk
$xnn -> hit $668k , twitter is becoming the #1 news platform
More Cooks
$4b -> $976k to $2 .2m (2.3x)
$wealth -> $608k to $1 .6m (2.6x)
$pray -> $154k to $732k (4.8x)
$wukong -> hit $3 .9m
$dork -> hit $1 .5m
$iconic -> hit $568k
$bonzo -> hit $460k , $mondo derivative
Wen $SOL ATH?
Great way to end the week. What was your best trade?
GOAT Deployer Wallet
$toga -> hit $18 .4m, same deployer as $goat (ATH $800m +), survived all the FUD
- People are saying someone spoofed the transaction and there wasn't actually a transaction coming from the $goat wallet
Homeless Japanese Dev
$fuji -> $100k to $3 .7m (37x), fujimoto1954
- If you saw Japanese on your timeline today it was because of this
- Pushed by idrawline & retardiosolana
Artificial Intelligence
$yousim -> $14m to $35 .5m (2.5x)
$forest -> $10 .4m to $24 .8m (2.4x)
$tds -> $3 .41m to $14 .3m (4.2x)
$mau -> hit $7 .9m, AI chat system
$neko -> hit $3 .8m, virtual pet
High Volume
$uponly -> $8 .2m to $38 .5m (4.7x), cobie
$ass -> $254k to $7 .3m (29x)
$42069k -> hit $3 .4m, $retire derivative
$lingyan -> hit $2 .6m, viral Chinese panda
$zerepooch -> hit $2 .2m, $zerebro 's dog
$affirm -> hit $2 .1m
Happy Cat Continues Its Run
$happy -> $12 .2m to $31m (2.54x)
Animal Memes
$toad $6 .95m -> $12 .7m (1.8x)
$bob -> hit $1 .7m, fish with a human face
$miki -> hit $918k , cute dog
$joji -> hit $836k
$dwag -> hit $700k , $fwog beta
$bulldog -> hit $433k
Elon Meta
$legend -> hit $1m , based on elonmusk
$xnn -> hit $668k , twitter is becoming the #1 news platform
More Cooks
$4b -> $976k to $2 .2m (2.3x)
$wealth -> $608k to $1 .6m (2.6x)
$pray -> $154k to $732k (4.8x)
$wukong -> hit $3 .9m
$dork -> hit $1 .5m
$iconic -> hit $568k
$bonzo -> hit $460k , $mondo derivative
Wen $SOL ATH?
5 months ago
Daily Memecoin Recap - November 7
Sol above $200 , can life get any better?
Cobieās Coin?
$uponly -> hit $44 .95m, cobie, he burned tokens worth $17 million and told the community to leave him out of this in the future
$cobie -> hit $4m
Happy Cat Owner Launch
$happy -> hit $20m , official happy cat coin, HappyCatArcade
Bome Dev
$smr -> hit $622m , 98.7% bundled and sent to darkfarms1
#rosspepe -> hit $11m , $bome dev created a $pepe + Ross Ulbricht piece, who is speculated to be freed by Trump in January
High Volume
#zerebro -> $23m to $72m (3.1x)
$jarvis -> $1 .4m to $5 .75m (4.1x)
$happy -> hit $20m , official happy cat coin
$monkey -> hit $19m
$pythia -> hit $8 .3m, worldās first cyber rat
#cataclaws -> hit $5 .1m, lego's new mascot
#petunia -> hit $5m , viral tiktok hippo
$tds -> hit $4 .8m, Trump Derangement Syndrome, collab of angry liberals
Moo Deng Higher High
#moodeng -> $137m to $286m (2.1x)
Official Mascot Church Of Satan
$lola -> hit $7 .7m
$degen -> hit $4m
$diablo -> hit $3 .67m
More Cooks
#fartcoin -> $54m to $96m (1.7x)
$e /acc -> $15m to $36m (2.4x)
$mwah -> $471k to $2m (4.2x), cat meme
$GENZ -> $442k to $2m (4.5x)
$slurp -> $410k to $1 .8m (4.4x)
$bros -> $260k to $767k (2.9x)
#gigacycle -> $117k to $576k (4.9x)
#3ac -> hit $14 .5m
$tobi -> hit $2m , frog meme
$late -> hit $1 .4m
$wealth -> hit $1 .4m
$thend -> hit $1 .1m, Thend it! Meme with a lisp
$mmga -> hit $1 .1m, make memes great again
$ass -> hit $950k
$fog -> hit $700k
$sec -> hit $583k , SPIRITUALLYENLIGHTENEDCONSCIOUS
$play -> hit $524k
$dogo -> hit $500k
$pwut -> hit $482k , $pnut + $fwog
#solcycle -> hit $350k
$ligma -> hit $305k , lego $sigma
We are so early
Sol above $200 , can life get any better?
Cobieās Coin?
$uponly -> hit $44 .95m, cobie, he burned tokens worth $17 million and told the community to leave him out of this in the future
$cobie -> hit $4m
Happy Cat Owner Launch
$happy -> hit $20m , official happy cat coin, HappyCatArcade
Bome Dev
$smr -> hit $622m , 98.7% bundled and sent to darkfarms1
#rosspepe -> hit $11m , $bome dev created a $pepe + Ross Ulbricht piece, who is speculated to be freed by Trump in January
High Volume
#zerebro -> $23m to $72m (3.1x)
$jarvis -> $1 .4m to $5 .75m (4.1x)
$happy -> hit $20m , official happy cat coin
$monkey -> hit $19m
$pythia -> hit $8 .3m, worldās first cyber rat
#cataclaws -> hit $5 .1m, lego's new mascot
#petunia -> hit $5m , viral tiktok hippo
$tds -> hit $4 .8m, Trump Derangement Syndrome, collab of angry liberals
Moo Deng Higher High
#moodeng -> $137m to $286m (2.1x)
Official Mascot Church Of Satan
$lola -> hit $7 .7m
$degen -> hit $4m
$diablo -> hit $3 .67m
More Cooks
#fartcoin -> $54m to $96m (1.7x)
$e /acc -> $15m to $36m (2.4x)
$mwah -> $471k to $2m (4.2x), cat meme
$GENZ -> $442k to $2m (4.5x)
$slurp -> $410k to $1 .8m (4.4x)
$bros -> $260k to $767k (2.9x)
#gigacycle -> $117k to $576k (4.9x)
#3ac -> hit $14 .5m
$tobi -> hit $2m , frog meme
$late -> hit $1 .4m
$wealth -> hit $1 .4m
$thend -> hit $1 .1m, Thend it! Meme with a lisp
$mmga -> hit $1 .1m, make memes great again
$ass -> hit $950k
$fog -> hit $700k
$sec -> hit $583k , SPIRITUALLYENLIGHTENEDCONSCIOUS
$play -> hit $524k
$dogo -> hit $500k
$pwut -> hit $482k , $pnut + $fwog
#solcycle -> hit $350k
$ligma -> hit $305k , lego $sigma
We are so early
5 months ago
Daily Memecoin Recap - November 3
All eyes on Elon, decent vol this Sunday
Elon's Pets
$shrub -> hit $30m , elonmusk's pet hedgehog
$eric -> hit $2 .1m, Elon's pet fish
$marvin -> hit $894k , Elon's dog
- He mentioned his pets in multiple tweets
Justice For Peanut
$pnut -> $3m to $134m (45x)
$fred -> $60k to $21m (350x), euthanized with Peanut
$opk -> hit $7 .8m, Obi Pnut Kenobi, Star Wars + Peanut, based on an elon musk tweet, multiple coins came out
$peanut -> hit $5 .1m, claims to be a fair and community launch
$GOPnut -> hit $2 .5m, Peanut for the GOP official mascot
$wally -> hit $1 .2m, Peanut's Brother
$karen -> hit $975k , peanut killer
$plf -> hit $580k , peanut liberty foundation, based on elon's tweet
Killed Animals
$kamala -> hit $5m , elephant
$cedar -> hit $5m , stolen pet goat
$albert -> hit $1 .4m, alligator
$legacy -> hit $915k , combination of killed animals, HarambePnutDogeFredHeaven420inu
$phil -> hit $860k , water buffalo escaped
#grizzly399 -> hit $360k , grizzly bear
- After Peanut's sad passing, degens are finding similar cases
Pump Fun Stuffed Animal
$cupsey -> hit $7m
$rupsey -> hit $530k , red version of $cupsey
- orangie posted a pumpdotfun stuffed animal
- Pump fun founder a1lon9 interacted
- orangie said its name is Cupsey, named after Cupseyy
Election Meta
$harris -> $365k to $4 .1m (11.2x), KamalaHarris
$rigged -> hit $3 .65m, gently used voting machine
$rocky -> hit $1 .4m, first dog candidate
$brent -> hit $670k
$erect -> hit $200k , Erection 2024
Old Elon Memes
$shrub -> $35k to $11m (314x), old meme on $ETH
$shrub -> $10k to $4 .1m (410x), old meme on $SOL
Iranian Feminist
$girl -> hit $1 .8m, viral Persian feminist
$ahoo -> hit $910k , Ahoo Daryaei
$ahou -> hit $430k
Grass Keeps Pushing
$grass -> $153m to $469m (3x)
- After initial fud on launch, it keeps pushing
More Cooks
#zerebro -> $5m to $25m (5x), AI
$suwi -> hit $14 .5m, solana's happy coin
$monkey -> hit $3 .8m
#griffain -> hit $2 .9m
#goatsenet -> hit $2 .7m
#dekopon -> hit $1 .9m, baby rhino
$beppo -> hit $1 .4m, chimp in space
$ks -> hit $1 .3m, kittyspin
$angy -> hit $1 .1m, cat
$mimi -> hit $1m , cat meme
Lock in for the new week tomorrow.
What are your goals?
All eyes on Elon, decent vol this Sunday
Elon's Pets
$shrub -> hit $30m , elonmusk's pet hedgehog
$eric -> hit $2 .1m, Elon's pet fish
$marvin -> hit $894k , Elon's dog
- He mentioned his pets in multiple tweets
Justice For Peanut
$pnut -> $3m to $134m (45x)
$fred -> $60k to $21m (350x), euthanized with Peanut
$opk -> hit $7 .8m, Obi Pnut Kenobi, Star Wars + Peanut, based on an elon musk tweet, multiple coins came out
$peanut -> hit $5 .1m, claims to be a fair and community launch
$GOPnut -> hit $2 .5m, Peanut for the GOP official mascot
$wally -> hit $1 .2m, Peanut's Brother
$karen -> hit $975k , peanut killer
$plf -> hit $580k , peanut liberty foundation, based on elon's tweet
Killed Animals
$kamala -> hit $5m , elephant
$cedar -> hit $5m , stolen pet goat
$albert -> hit $1 .4m, alligator
$legacy -> hit $915k , combination of killed animals, HarambePnutDogeFredHeaven420inu
$phil -> hit $860k , water buffalo escaped
#grizzly399 -> hit $360k , grizzly bear
- After Peanut's sad passing, degens are finding similar cases
Pump Fun Stuffed Animal
$cupsey -> hit $7m
$rupsey -> hit $530k , red version of $cupsey
- orangie posted a pumpdotfun stuffed animal
- Pump fun founder a1lon9 interacted
- orangie said its name is Cupsey, named after Cupseyy
Election Meta
$harris -> $365k to $4 .1m (11.2x), KamalaHarris
$rigged -> hit $3 .65m, gently used voting machine
$rocky -> hit $1 .4m, first dog candidate
$brent -> hit $670k
$erect -> hit $200k , Erection 2024
Old Elon Memes
$shrub -> $35k to $11m (314x), old meme on $ETH
$shrub -> $10k to $4 .1m (410x), old meme on $SOL
Iranian Feminist
$girl -> hit $1 .8m, viral Persian feminist
$ahoo -> hit $910k , Ahoo Daryaei
$ahou -> hit $430k
Grass Keeps Pushing
$grass -> $153m to $469m (3x)
- After initial fud on launch, it keeps pushing
More Cooks
#zerebro -> $5m to $25m (5x), AI
$suwi -> hit $14 .5m, solana's happy coin
$monkey -> hit $3 .8m
#griffain -> hit $2 .9m
#goatsenet -> hit $2 .7m
#dekopon -> hit $1 .9m, baby rhino
$beppo -> hit $1 .4m, chimp in space
$ks -> hit $1 .3m, kittyspin
$angy -> hit $1 .1m, cat
$mimi -> hit $1m , cat meme
Lock in for the new week tomorrow.
What are your goals?
6 months ago
Daily Memecoin Recap - October 15
Feels like happy land right now
Artificial Intelligence Bots
$medusa -> hit $31 .2m, heavily pushed by suganarium
#floydai -> hit $17 .2m, launched in April, coming back from the dead with the recent AI meta, George Floyd
#terminal -> hit $15 .2m
$arcane -> hit $1 .55m
#perseus -> hit $900k
- AI coins continue to take the spotlight
- They bullpost their own coin 24/7
Goat First Mover
$goat -> $97 .2m to $182 .1m (1.87x), leader of the AI meta, truth_terminal
$megs -> hit $6 .9m, truth_terminal ( $goat ) often speaks to megs_io
$wen -> hit $1 .85m, shilled by truth_terminal
Anime Meta
$gmika -> hit $8 .39m, AI waifu that you can private chat with on telegram
$amber -> hit $1 .2m, AI bot
$waifu -> hit $589k
$an /gel -> hit $320k
Animal Meta
$miharu -> $321k to $7 .2m (22.5x), Miharu The Smiling Dolphin
#meowmeow -> hit $7 .63m, tiktok trend about an AI animated cat (AI + Cat metas)
$atlas -> hit $2 .13m, new SeaWorld penguin
$mole -> hit $1 .5m, Mole The Sloth
$popo -> hit $1 .21m
#quaestio -> hit $457k , paleontologists may have discovered earth's oldest moving animal
$podcat -> hit $435k , cat on podcast
#popcorn -> hit $411k , popcorn the wood dog, viral dog
Good Volume
$autism -> $2 .48m to $14 .7m (5.93x)
$btcat -> $550k to $3 .57m (6.49x), first cat to appear on the blockchain
$mod -> $10k to $490k (49x), moon or dust, launched on July 22, has been dead since
$higher -> hit $2 .89m, time to go higher
$nigma -> hit $1 .69m, $sigma beta
$cash -> hit $1 .64m, moneys calling
$late -> hit $1m
$twk -> hit $862k , Those Who Know
$forest -> hit $578k
Eth Memes
$klaus -> hit $44 .5m, Matt Furie Meta
#wizard -> hit $5 .7m, pushed by Nate_Rivers, $cb on $eth instead of $sol
More Cooks
$moji -> hit $10 .63m, purple pickle emoji
#wolfina -> hit $3 .76m, woman version of $wolf
$wolf -> hit $1 .64m, Wolfius Maximus of Solstreet, $goat beta
$uman -> hit $1 .47m, we are all human
#retardia -> hit $1 .3m, #retardio beta
$viper -> hit $1m
$god -> hit $680k
$solo -> hit $572k , you can do it alone
#johnson -> hit $550k , Oh Long Johnson
$bud -> hit $536k
#100m -> hit $390k
#visualize -> hit $320k
$hd -> hit $308k , hits different
$mm -> hit $288k , memecoin millionaire
Just imagine how much everything's going to run once $btc breaks ATH
Feels like happy land right now
Artificial Intelligence Bots
$medusa -> hit $31 .2m, heavily pushed by suganarium
#floydai -> hit $17 .2m, launched in April, coming back from the dead with the recent AI meta, George Floyd
#terminal -> hit $15 .2m
$arcane -> hit $1 .55m
#perseus -> hit $900k
- AI coins continue to take the spotlight
- They bullpost their own coin 24/7
Goat First Mover
$goat -> $97 .2m to $182 .1m (1.87x), leader of the AI meta, truth_terminal
$megs -> hit $6 .9m, truth_terminal ( $goat ) often speaks to megs_io
$wen -> hit $1 .85m, shilled by truth_terminal
Anime Meta
$gmika -> hit $8 .39m, AI waifu that you can private chat with on telegram
$amber -> hit $1 .2m, AI bot
$waifu -> hit $589k
$an /gel -> hit $320k
Animal Meta
$miharu -> $321k to $7 .2m (22.5x), Miharu The Smiling Dolphin
#meowmeow -> hit $7 .63m, tiktok trend about an AI animated cat (AI + Cat metas)
$atlas -> hit $2 .13m, new SeaWorld penguin
$mole -> hit $1 .5m, Mole The Sloth
$popo -> hit $1 .21m
#quaestio -> hit $457k , paleontologists may have discovered earth's oldest moving animal
$podcat -> hit $435k , cat on podcast
#popcorn -> hit $411k , popcorn the wood dog, viral dog
Good Volume
$autism -> $2 .48m to $14 .7m (5.93x)
$btcat -> $550k to $3 .57m (6.49x), first cat to appear on the blockchain
$mod -> $10k to $490k (49x), moon or dust, launched on July 22, has been dead since
$higher -> hit $2 .89m, time to go higher
$nigma -> hit $1 .69m, $sigma beta
$cash -> hit $1 .64m, moneys calling
$late -> hit $1m
$twk -> hit $862k , Those Who Know
$forest -> hit $578k
Eth Memes
$klaus -> hit $44 .5m, Matt Furie Meta
#wizard -> hit $5 .7m, pushed by Nate_Rivers, $cb on $eth instead of $sol
More Cooks
$moji -> hit $10 .63m, purple pickle emoji
#wolfina -> hit $3 .76m, woman version of $wolf
$wolf -> hit $1 .64m, Wolfius Maximus of Solstreet, $goat beta
$uman -> hit $1 .47m, we are all human
#retardia -> hit $1 .3m, #retardio beta
$viper -> hit $1m
$god -> hit $680k
$solo -> hit $572k , you can do it alone
#johnson -> hit $550k , Oh Long Johnson
$bud -> hit $536k
#100m -> hit $390k
#visualize -> hit $320k
$hd -> hit $308k , hits different
$mm -> hit $288k , memecoin millionaire
Just imagine how much everything's going to run once $btc breaks ATH
6 months ago
I was there to collect my Lada.
The media had questions and I was happy to answer them.
The media had questions and I was happy to answer them.
6 months ago
š©šŖ German MP Joana Cotar said she would distribute Bitcoin books to her colleagues in parliament.
"We will be happy to distribute the remaining copies here in the Bundestag."
"We will be happy to distribute the remaining copies here in the Bundestag."
6 months ago
šøFREE MUMMATšø
https://x.com/mummatfree
We are deeply unhappy with X for the unfair suspension of our official account. Dear community, we ask you to follow us on our new account to fight for MUMMATās freedom and keep spreading degeneration across the world!
https://x.com/mummatfree
We are deeply unhappy with X for the unfair suspension of our official account. Dear community, we ask you to follow us on our new account to fight for MUMMATās freedom and keep spreading degeneration across the world!
7 months ago
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
š¤ Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA ā relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
ā these chains are dominated by ETH-related assets.
š§āāļø Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future ā a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy ā these are the areas where we need to see real innovation.
But we must be wary of āecho chambersā. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
š Closing Thoughts
You can say that L2s arenāt Ethereum. You can argue L2s arenāt even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
š¤ Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA ā relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
ā these chains are dominated by ETH-related assets.
š§āāļø Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future ā a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy ā these are the areas where we need to see real innovation.
But we must be wary of āecho chambersā. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
š Closing Thoughts
You can say that L2s arenāt Ethereum. You can argue L2s arenāt even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
7 months ago
Marinade Finance, one of Solanaās original staking providers, has found itself in hot water with validator operators.
Validators argue that Marinadeās new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.
Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solanaās scalability moving forward.
Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.
Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?
WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinadeās SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.
To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.
This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.
Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabiās āMarinade Stake Sellingā dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.
Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues āHanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.ā
Adding further context to the claims of disgruntled operators, Repetny affirms āHanabi lost 1M SOL from Marinade so itās understandable he fights the new system.ā
Concerned validators have taken to Marinadeās Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested āMarinade wants you to have side deals, ethical or not.ā
Additionally, validators have argued that if āmost of the mSOL pool is delegated to unethical validators itās a really bad look for the Solana ecosystem.ā
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that āhad never been done beforeā.
However, Kaplan admits that Marinade āwent full capitalistā¦ basically, the highest bidder wins. Marinade doesnāt really care if a validator bids for stake and is just gonna lose money on that stake, thatās not their problemā¦ Theyāre happy to take the money and give that to mSOL holders.ā
Experts argue that in current conditions, staking yield over 10% simply isnāt sustainable. Kaplan contends ā10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.ā
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validatorās own āmarketing/growth budgetā or other sources like āSWQoS / private mempool dealsā.
Responding to any accusations, Repetny reinforces Marinade's stance that āSAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.ā
Validators argue that Marinadeās new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.
Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solanaās scalability moving forward.
Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.
Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?
WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinadeās SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.
To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.
This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.
Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabiās āMarinade Stake Sellingā dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.
Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues āHanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.ā
Adding further context to the claims of disgruntled operators, Repetny affirms āHanabi lost 1M SOL from Marinade so itās understandable he fights the new system.ā
Concerned validators have taken to Marinadeās Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested āMarinade wants you to have side deals, ethical or not.ā
Additionally, validators have argued that if āmost of the mSOL pool is delegated to unethical validators itās a really bad look for the Solana ecosystem.ā
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that āhad never been done beforeā.
However, Kaplan admits that Marinade āwent full capitalistā¦ basically, the highest bidder wins. Marinade doesnāt really care if a validator bids for stake and is just gonna lose money on that stake, thatās not their problemā¦ Theyāre happy to take the money and give that to mSOL holders.ā
Experts argue that in current conditions, staking yield over 10% simply isnāt sustainable. Kaplan contends ā10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.ā
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validatorās own āmarketing/growth budgetā or other sources like āSWQoS / private mempool dealsā.
Responding to any accusations, Repetny reinforces Marinade's stance that āSAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.ā
7 months ago
Happy weekend! Hope u all ride massive green candles and experience big winsšÆ