Saksham Jain

@saksham

131 Following

27 Followers

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I've been observing a significant push from many KOLs and investors towards the Appchain narrative of Layer 2 (L2) modular stack. Interestingly, the rise of L2 solutions and modular architectures is empowering application layers to leverage "fractal scaling" and launch their own chains. This appears to be a sound move by application level projects to accrue more value within their own layer. With their own L3s, the application level projects can leverage MEV to generate revenue and create a utility for their native token staking. However, there has to be a no-code-like abstraction of MEV for the majority of projects to effectively leverage it. I am sure a lot of RaaSs are already onto it. But with thousands of rollups, there is fragmentation of the ecosystem. And though Chain Abstraction and shared liquidity can resolve this technically, I am more concerned about its psychological implications.

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Relaying some important info

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Exchanges are the primary onramp for consumers. Coinbase is the leading exchange and will direct hundreds of millions of people to Base. Coinbase's strong US market presence gives them unique leverage. They're not just directing traffic, but creating an ecosystem lock-in: The partnership with Farcaster adds a crucial social layer, creating a finance-social ecosystem loop. This combo addresses the first inclination of Web2 users entering crypto, which is often driven by capital incentives. By front-running this with their distribution power, Coinbase is positioning Base as a natural entry point for mainstream adoption. It's a smart play leveraging their strengths in both finance and user acquisition.

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Arbitrum's TVL has surged past Optimism, zkSync, and Scroll by a significant margin! With AAVE V3 bringing in $700M to Arbitrum compared to $159M on Optimism, it's clearly one major contributor to Arbitrum TVL. Surprisingly, AAVE V3 isn't available on zkSync Era, a big missed opportunity for their ecosystem. Is anyone aware of reasons users might be preferring AAVE V3 on Arbitrum more than on other networks? #Crypto #DeFi #Arbitrum #Blockchain #Finance

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Onchain Summer Update Our project Onchainads is now live on GitHub! Building Shopify + Coinbase + Farcaster together has been lit 🔥. Check out our code with account abstraction + frames! https://github.com/aakash-taneja/onchain-summer Calling all builders on the Commerce track! Let’s join forces and create something epic for public to build upon

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Got hands on Coinbase Smart Wallet Convinced now Acount Abstraction + Paymaster are true resolver of UX problems that arise with Web3

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OnchainSummer Update Ready to deploy Onchainads on Shopify. Shopify hosts over 100,000 online stores and millions of product listings. Store owners traditionally promote their products using Google and Facebook Ads. We're developing a Shopify App Platform to extend this promotional reach to Farcaster clients.

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Kicking off some ideas around ads network on Farcaster for OnChain Summer The economic value that Facebook generated on content of billion users can now flow back with decentralization and game theory of cypto economics. cc: @nksajwani and Aakash

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Contributed to making @jessepollak bald and scored an NFT. Mint yours by joining the Onchain Summer Buildathon. https://letsgetjessebald.com/token/2843?ref_code=a2561b6caa

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Gardening has become my unexpected therapy. 🌱 Seeing small changes every day, good or bad, is like managing a project. It's the perfect way to reset and stay focused on my tasks.

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Is anyone still assembling their avengers for Base Onchain Summer Camp?

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I visited SF in March, and contrary to what I'd heard, the city was quite clean and felt safe. For me, the best of SF was exploring the northern areas, especially Fisherman's Wharf. The city boasts the best startup ecosystem, but also has a vibrant community of artists. Overall, SF is a delightful cocktail.

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Farcaster is the network state @balajis.eth has been talking about.

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For blockchain to win the Ethereum scaling is the most crucial piece of development. I am realising this will fundamentally change many core parts of how blockchain network nodes functions. And so I have started to curate more information about Danksharding in my github notebook. https://lnkd.in/gcH-WGGN

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Shutting myself from Instagram is the best anti-social thing I did to myself. It just brings too many mins in my life for family and friends.

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Sadly this is just a start of such acts towards them as they are turning more real than concepts. To me autonomous passenger vehicles and @Waymo is a perfect example of Economy of Things.

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