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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ© pfp
Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
Here are the top 10 takeaways from @justindrake report on solving L2 Fragmentation Problem on @bankless : 1. L2 right now is the division of liquidity across clusters like Arbitrum, Optimism, zkSync, etc. This division hinders network effects and significantly impedes the ecosystem's TVL growth towards a trln $.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
2. To tackle the liquidity fragmentation problem, the L2 ecosystem needs to undergo two phases: a shared sequencer and synchronous transactions at L2, a process that will take several years to complete and is starting this year.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
10. With the increased bandwidth of optical cables over time, Ethereum L1 could handle 200 million transactions per second, allowing every person on the planet to make 100 transactions a day. Additionally, the use of disposable, self-destroying signatures will open up fundamentally new possibilities.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
3. There's an 80% chance that most L2s will become "Based rollups," which won't have their own decentralized or centralized sequencer but will share a common sequencer on Ethereum L1.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
11. My personal opinion: 80% of L2s will become bytecode-compatible zk EVMs with a sequencer on L1. They'll join the OP stack, while platforms like Arbitrum and Validium EVMs, such as Polygon, will miss out on the network effects from those moving together in the main peloton and capturing all the major benefits.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
9. Proper functionality will require super-wallets, super-validators, and super-apps that operate simultaneously across all zk L2s (Based rollups).
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
8. Eigenlayer, Espresso, Taiko could play a significant role in solving liquidity fragmentation issues. L1 handles data availability, L2 execution, and each is duly rewarded for their work.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
7. Traditional asynchronous bridges will become obsolete since there will be no gaps between L2s by design.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
6.1. Validators of the shared sequencer will receive significant rewards for their work on L2, with 90% of MEV becoming a thing of the past thanks to an encrypted mempool.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
6. Sufficient synchronization of the shared sequencer at L2 can already be achieved through working with preliminary confirmation by the validator processing the next block.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
5. Sequencers will be maintained by traditional Ethereum validators with 1000+ ETH staked as collateral against malicious actions.
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Anatcrypto πŸ—οΈπŸŽ™οΈπŸŽ©
@anatcrypto.eth
4. Sequencers will need expensive, high-performance hardware similar to what Solana has, eventually moving towards specialized ASICs. This is necessary for synchronous transmission and complex calculations of zk proofs.
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200 $DEGEN
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200 $DEGEN
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