While everybody gets excited about L3s (sending $DEGEN to the moon) and Base, we should keep the downsides of modularity in mind. 

If the trend continues, there might soon be 100+ arbitrage transactions on various ledgers whenever the ETH-USDC price moves on a major CEX.

Big players like Coinbase drive this trend. It's time to reflect from first principles...

@mdudas just articulated it very well here:

investing @6thmanventures - building /links - founder the block

@MaelstromFund | Prev @PretzelDAO, @areta_io, Crypto Research @Cambridge_Uni

Big players like Coinbase drive this trend. It's time to reflect from first principles...

@mdudas just articulated it very well here:
https://twitter.com/mdudas/status/1776004975606317510

The Coinbase team is also shipping Lightning and Solana support. Still, the Modular vs Integrated discussion is about to heat up...

https://twitter.com/jessepollak/status/1776029479787520261
cc @jessepollak

@base builder #001; onchain cities w/ OAK & city3

If you'd like to learn more about the topic, you can start with this piece by 
@kylesamani: https://multicoin.capital/2023/08/15/the-hidden-costs-of-modular-systems/

I also recommend his talk on the topic:

If you'd like to learn more about the topic, you can start with this piece by 
@kylesamani: https://multicoin.capital/2023/08/15/the-hidden-costs-of-modular-systems/

I also recommend his talk on the topic: https://www.youtube.com/watch?v=xCgMpLk-5f0