Bankless Is ETH Back? Memecoins Here to Stay? HYPE's HyperLiquid EVM | Jon, Bread, & Andy8052
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Apr 30, 2025 
Join Jon Charbonneau, a leading crypto researcher known for his deep analytical insights, alongside Bread and Andy8052, as they discuss Ethereum's ambitious move back to Layer 1. They explore the fate of Layer 2s, the intriguing rise of memecoins, and what Ethereum needs to do to reclaim its dominance in the crypto space. The trio debates the evolving Ethereum ecosystem, its monetary identity, and even delves into a lighthearted hypothetical battle between humans and a gorilla, keeping the conversation engaging and insightful.
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Ethereum's Pivot Strategy
- The Ethereum pivot prioritizes scaling the layer one before scaling blobs and improving UX.
- This approach signals a shift in Ethereum's strategy emphasizing direct value accrual and core chain usability.
The Death of Long Tail L2s
- Long tail layer twos face existential risk as Ethereum scales its layer one.
- Only uniquely differentiated L2s with real value propositions will survive in the evolving ecosystem.
L2s as Separate Ecosystems
- Layer 2 chains act as separate ecosystems with their own incentives and tokens.
- Ethereum's team can only control core chain value; other L2s optimize for their own tokens, fracturing value accrual.