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@good
So: On-chain activity from ETH L1 to L2s & Solana + Ethereum soon "just" a settlement layer (alt-DA) = fewer fees = bearish Ethereum & ETH. But: ETF, ETH as Internet bond (and money?), restaking & LRTs, EVM parallelization (Monad), ETH-centric non-EVM L2s (Eclipse) = bearish Ethereum but bullish ETH? @trustlessstate
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ɃΞrn
@b7
L2s are top ethereum fee payers. The recent inscription spamming on arbitrum let the ethereum mainnet fee spike. where fewer fees?
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Well data availability costs make up for 80% of the fees paid by L2s to the L1 apparently (to be double checked) and these are going to be dramatically reduced post EIP4844 + more and more L2s are considering alt DA solutions (so again fewer fees to the L1)
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ɃΞrn
@b7
that's napkin math. 2-3y ago ppl said the same, where you can replace in your text eip4844<>optimistic and zk rollups alt DA solutions<> alt L1s Ehereum still chucks allong, sells blockspace and makes mev searchers rich. if you don't want to be Ethereum aligned or settlement the future changes nothing. alt L1s exist.
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I'm just asking questions! Legit wondering what the implications of the aforementioned recent developments are for Ethereum revenue long-term and the value accrual to ETH.
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