0xResearch

Why the Next Ethereum Upgrade Will Ignite Layer 2 Ecosystems | Analyst Round Table

Feb 14, 2024

Sam, Ren, Matt, and Pibblez discuss topics including Arbitrum's incentives program, Solana's fee market issues, Bitcoin L2 solutions, potential Ethereum ETFs, and the upcoming Shanghai upgrade bringing several EIPs to boost Layer 2 ecosystem.

51:22

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Episode notes

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Quick takeaways

Implementation of data blobs in Denkoon project to lower transaction fees and benefit Layer 2 tokens.

Bitcoin ETFs attracting significant inflows indicate a growing interest in cryptocurrencies.

ARK 21 Shares' Ethereum ETF application includes staking language, showcasing the importance of staking to investors.

Deep dives

Denkoon goes live on ETH mainnet on March 13th

Denkoon, an ETH mainnet project, is set to go live on March 13th. This is a significant moment for the Ethereum community, as it will introduce data blobs and set the foundation for future developments. The implementation of data blobs is expected to lower transaction fees, which could benefit Layer 2 tokens and attract new users. Additionally, some Ethereum ETFs are now considering staking assets to drive more revenue to ETF holders.

Introduction

3min

Lessons learned from a previous incentive program and the future of Arvitrim's program

2min

Current Issues with Solana's Fee Markets

12min

Explanation of How State Dydx Works and Its Benefits

2min

SDYDX Adoption and Growth

17min

Potential Catalysts for Bitcoin and Overview of Bitcoin Ecosystem

2min

Liquid Staking and the Future of Ethereum ETFs

11min

Exploring the Challenges of Using Ethereum and the Potential of Layer 2 Solutions and Uniswap

2min

In today's analyst roundtable Sam, Ren, Matt, and Pibblez dive into a range of topics including Arbitrum's incentives program, issues with Solana's fee markets, Bitcoin L2 solutions, potential for Ethereum ETFs that enable staking, and the the upcoming Shanghai upgrade bringing several EIPs. The conversation opens by analyzing Arbitrum's incentives program, finding the TVL growth did not justify the high customer acquisition costs. They then dive into Solana's fee market issues, including inefficient compute usage and easy account spamming. Shifting focus to Bitcoin, the merits of different layer 2 construction approaches are weighed. Potential Ethereum ETFs come up next, with hosts excited by the prospects of staking rewards further enriching companies like Coinbase. Finally, the major improvements of Ethereum's upcoming Shanghai upgrade are discussed, including several EIPs that will directly boost the Layer 2 ecosystem.

As always remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice.

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Resources

https://dune.com/hildobby/btc-etfs

https://hackmd.io/6lwnNQf2RTmc3UQoWvAVQw

https://twitter.com/ercwl/status/1756575133907452312

https://twitter.com/ElBarto_Crypto/status/1757036165520036299

https://bitcoinlayersreport.com/

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Timestamps:

(0:00) Introduction

(1:17) Effectiveness of Arbitrum STIPs

(4:54) Solana Fee Market Designs

(10:24) Bitcoin L2s & VM Nuance

(17:19) dYdX Segment: Stride

(25:05) Bitcoin ETFs & BTC Supply

(32:09) Bitcoin Mining Profitability

(37:17) DAS London Ad

(38:23) Ethereum ETF Applications

(45:34) Ethereum Dencun Upgrade & EIP 4788

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.