DeFi

Can anyone point me to any quantitative analysis on the value flowing back to ETH from L2s that use it as a settlement layer?

analyst redstone.finance | Workin' on the weekend like usual

There’s been a lot of discussion lately about adjusting the blob DA price to favor ETH’s burn properties, but I haven’t seen any analysis on the settlement variable

The only real number that we know of is the "rent paid" indicator, which is what L2s pay today for DA. I think this includes settlement, but I am not sure about that.

Since 4844 we hover around 50k USD per day rent paid. Strategically, blobs should become more abundant and therefore cheaper short term, because the future gain made from monetizing on DA and settlement will be vastly greater once we have 4 figures of L2s on top of Ethereum.

At the moment we have only 100 of them online and only 10 of them do really matter in the grand scheme of things as far as rent paid matters. My hunch is that the long tail will eventually matter a great deal, because then we talk about real network effects.

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems. Building https://testnet.uvio.network. 

Yeah, I just want to understand the scenario where alt DA layers really take off for prominent L2s and assess the value flow back to ETH when it’s used solely as a settlement layer