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amc
@amc
I’ve bitten my tongue a bit as I’ve been exploring ETH L2’s and trying to get an opportunity with @coinbase After spending a considerable amount of time over the past year on Base and to a lesser extent other Ethereum L2’s and L3’s I can say unequivocally that it is an awful user experience. Fragmented liquidity, expensive bridging with long wait times, and very few interesting tokens Base’s current identity is a centralized, corporate chain that produces copycat tokens en masse and incinerates money of investors + traders. There’s plenty of crypto native people (like me) who are yearning for an opportunity to help bring the world onchain. Unless big changes are made Ethereum will continue to lose market/mind share vs Solana and any other upstarts that strategically innovate TLDR: ETH experience is awful and unless it is course corrected asap Solana will continue to eat its lunch SOL/ETH ⬆️
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soyboy
@soyboy
My bias is of course Optimism. The OP Stack is building native interoperability across L2s on the Superchain. This year we’re going to ship this feature and start pulling chains together. So a transaction on OP Mainnet can be executed on Unichain in one block. We’re doing it through standardization of the stack and a shared security model. So multiple L2s will feel like one blockchain. This solves the liquidity fragmentation problem and can also pipe into centralized exchanges like Coinbase and Kraken. The main difference is speed to market. In the near term Solana’s fast L1 will work for its current market. I don’t think it will work as a global decentralized computer in the long game.
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amc
@amc
Thank you for the thoughtful response! Seems like a nice step in the right direction The other night I was able to swap from Solana to base usdc for 1/5th of the price and 1/10th of the time of subsequently bridging from usdc base to usdc arb. For both of those to be on the same L1 just seemed insane to me
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soyboy
@soyboy
There are certain knobs a chain operator can turn to reduce fees. In terms of speed OP Stack chains like Unichain and Ink have 1s block times. In the future there will likely be a path forward to lower the block times on base and op Mainnet to 1s. In the near term flash blocks are going to start rolling out to OP Stack chains. This will give users 250ms transaction pre confirmations which is faster UX than solana’s current 400ms block times. It’ll take time and there’s a lot of work to do but like I said, I’m optimistic :)
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