DeFi

Gm frens

What are y’all thoughts on L2s atm?

I feel like the top ones are a bit under valued. Basically all of them are worth low single digit billions or less, despite having pretty strong network effects.

Meanwhile BNB is sitting at a $90B valuation with a fraction of the activity of Eth L2s.

I don’t think L2s token value accrual is known yet?

Aside from that, the strategy of Optimism is very impressive to me. I think superchain is likely the most viable path forward.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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Very cool - I know you're up on CT latest, but since I've actively avoided it -I can say my L2 activity has really isolated to: Base, Optimism, Arbitrum and Blast.

Not even really sure what else is going.

I think someone just recently published a proposal on staking ARB for gas fees and it appears to have support form the foundation

The Blast founder has also talked about being open to revenue capture (as recently as posting about it yesterday)

Also a US admin change would be a big tail wind for rev share