mrmemes 🎩

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I wonder what this means for bridge providers.

It seems like OP Stack L2s are where a lot of the action is these days, so if those chains have first party support for cross-chain tokens, is a lot of the market for bridge providers going away?

https://warpcast.com/optimism/0x7aff47a2

For a lot of existing tokens, it would take a significant time and capital investment to move to a compatible (or wrapped) contract... but looking forward I think the writing is on the wall for bridges. Their value add has always been faster settlement and access to broader liquidity; this addresses both.

That said, we've seen "bridges" moving towards and embracing things like cross chain swaps for years, so I don't expect that to go away. For use cases outside of Token A :: Chain A -> Token A :: Chain B, we still need other solutions. There will still be utility (and money to be made) in solving cross chain and token-paired liquidity.

serial founder § software engineer § privacy wonk § music head § theoretical memeticist

I’m a little options considering teapot

Agreed... unless you're deployed on your own app chain that you've tooled especially for your app/ecosystem's needs I don't see why a business would overtly choose to be mono-chain. Even then, you would probably still want compatibility/portability and ERC-7802 seems like a good way to do that.

Unless my product requires the chain itself as part of the product, and honestly even then, I don’t get why any business chooses 1 chain only, it’s like we refuse to leave the physical constraints behind.