Jonny Mack on Warpcast

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https://opensea.io/collection/evm-6

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Jonny Mack pfp

evm shower thought: 1 an explosion of L2s are coming 2 block space will be commoditized 3 brand will become the differentiating factor 4 we'll soon see many "L2 for X" narratives 5 some will seed supply by incentivizing developers 6 some will seed demand by incentivizing users 7 fragmentation will make ux much worse

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Jonny Mack pfp

agree/disagree?

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𒂭_𒂭 pfp

complementary to this, I think we see a bunch more of this: https://eips.ethereum.org/EIPS/eip-7412 not sure if brands differentiate the L2 itself, imho the very best UX will manifest as a brand that piggybacks as many L2s for convenience. 100% on 5/6, wonder how this translates to provers for validiums.

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dimalaba.eth pfp

aren't you going to end up with just a few top L2s? they have strong network effects esp for finance, composability and high friction (unless there's magical UX and cross network unlock)

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Greg pfp

all of these are already happening, no?

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borodutch pfp

@warpcastadmin.eth

sorry 2021 called they want their insights back

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Corbin Page pfp

Agree. But I'd argue this is all good for the ecosystem. Tons of experiments in parallel: with custom VMs/costs, custom token/sequencer rewards, etc. We've gotta solve the cross-chain UX problem anyway whether there are 3 L2s or 300.

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Mac Budkowski ᵏ pfp

Mac Budkowski ᵏ

Why do we need so many new L2s if the ones we already have aren't utilized enough? "L2s are new alt L1s" speculation?

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GIGAMΞSH pfp

This is why I’m bullish on Optimism. Imo, the Superchain + retro pgf seems like the most credible vision for reconciling good UX with decentralization/security over the longest time horizon.

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

yep - we gotta: 1. build apps that people want to use 2. make it easy for people to use those apps across many chains work cut out for us

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:grin: pfp

I hate L2s ☹️ Sorry not sorry

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Brian Kim pfp

i think we’re already at 5/6 but agree we’ll get to 7 before it gets better

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wijuwiju.eth pfp

1-6 are already true, 7 is actually easily solved on the ux (look at Warps which are just ETH with premium for Apple fees, gas, bridge and swaps).

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Alok Vasudev pfp

i would unpack 3 a bit there are a handful that can become general execution layers with strong network effects. this is the prize that is still somewhat up for grabs. there will be others that will find narrower pmf around certain use cases that will do well in terms of usage (value capture another topic)

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Marco Rodrigues 🌱 pfp

Marco Rodrigues 🌱

@macrodrigues.eth

Meanwhile, the percentage of L2 usage last week on Mirror. Check out the full article, if you want to know more: https://mirror.xyz/post3.eth/nCti4X_NEd7fB9hnbiew7cv7UXe22vWt_SKhB8yan8U

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notdevin pfp

Have you looked into Eigen Layer and how do you see that as a comp/alt to scaling up number of L2s? Personally I find the EL option far more intriguing. I can swap tx fees, which is the only real val of owning an L2 that I can see, with liquid staking option and avoid all the effort and maintenance of a chain

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julien pfp

Generally agree! The last part is up to us all though :) We need to make protocols work "everywhere" easily, and we also need to make front-ends that are able to abstract away the "bridging" complexity that user should not have to care about imo.

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Stephen Caudill pfp

Stephen Caudill

Hard agree! I think another factor that will create many more L2s is that successful apps will become app chains looking for economies of scale... if you subsidize transactions, then tuning the chain to be as cost-efficient as possible becomes critical. I am betting on OP Stack and Superchain to ease the worst of #7.

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Ryan Berckmans pfp

the UX is probably at an all-time low right now because defragmentation technologies are in development and will scale well as the number of L2s explodes

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Ayda 🎩 pfp

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