Content
@
0 reply
0 recast
0 reaction
wolf
@warcin
Can anyone point me to any quantitative analysis on the value flowing back to ETH from L2s that use it as a settlement layer?
2 replies
0 recast
2 reactions
xh3b4sd ↑
@xh3b4sd.eth
The only real number that we know of is the "rent paid" indicator, which is what L2s pay today for DA. I think this includes settlement, but I am not sure about that. Since 4844 we hover around 50k USD per day rent paid. Strategically, blobs should become more abundant and therefore cheaper short term, because the future gain made from monetizing on DA and settlement will be vastly greater once we have 4 figures of L2s on top of Ethereum. At the moment we have only 100 of them online and only 10 of them do really matter in the grand scheme of things as far as rent paid matters. My hunch is that the long tail will eventually matter a great deal, because then we talk about real network effects.
1 reply
0 recast
2 reactions
wolf
@warcin
Yeah, I just want to understand the scenario where alt DA layers really take off for prominent L2s and assess the value flow back to ETH when it’s used solely as a settlement layer
1 reply
0 recast
0 reaction
xh3b4sd ↑
@xh3b4sd.eth
Have you reached out to @growthepie ? Maybe you could chat with them about methodologies and find a way to display differences of settlement and DA.
1 reply
0 recast
2 reactions
growthepie.xyz 🥧📏
@growthepie
Thanks for mentioning us and sharing our metrics @xh3b4sd.eth @warcin I think one of our team members is working on a simulator that would help make projections for DA. In the meantime check out our Economics Overview https://www.growthepie.xyz/economics - Blobs are super cheap right now and make up a small % of L2 costs but the blob market is heating up - check out our recent announcement for more DA metrics. DA is going to be a longer term play for Ethereum as they are optimising for growth over profit right now. In terms of value accrual to L1 there are multiple factor including: fees, ETH being used in L2 economies, ETH being used by users to pay for gas on L2s and ETH being used as money in general. Let me know if this answers your question I can always get a team member with more expertise in this area to help too.
1 reply
0 recast
1 reaction
wolf
@warcin
yup, I get the DA part, and you’re doing an amazing job showcasing that. I’m just trying to assess the direct impact of L2s using Ethereum solely as a settlement layer and what it means for ETH the asset. So, let’s say Base, OP, and Zora switch to alternative DAs like EigenDA or Celestia - what’s the impact on ETH?
2 replies
0 recast
1 reaction
growthepie.xyz 🥧📏
@growthepie
Layer 2s still use Ethereum L1 call data for posting proofs and as more layer 2s come online particularly with based rollups this will increase. Even with higher DA fees than usual calldata is still pulling in significantly more. As DA is so cheap on Ethereum blobs the current landscape wouldn't be so different if they all moved to alt DA (this is unlikely to happen)
2 replies
0 recast
2 reactions
wolf
@warcin
thank u!!
0 reply
0 recast
1 reaction
xh3b4sd ↑
@xh3b4sd.eth
Towards based rollups, do we have more concrete ideas and descriptions how this technically works? The idea is to facilitate block-building through the L1 again, but L2s are for us to get the block-building removed from the L1. I can somehow not explain how this idea of based rollups is going to work, since the rollup centric roadmap appears to contradict the notion of based rollups. In my mind it sounds like we are just going back and forth, but at the same time I feel like I am missing some fundamental technical detail here. Are you guys aware of an explanation that answers this question? Could somebody maybe get @justindrake in here? 🤍
0 reply
0 recast
1 reaction
