ROLLUP: $2B Polymarket Bet | Election Pump? | Ethereum Optimism | Trump 'WLFI' Launch

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Oct 18, 2024

With the election looming, Trump's WLFI token launch and Kamala Harris's crypto comments stir up the political landscape. Prediction market Polymarket suggests Trump has a 62% win chance—could it be accurate? Meanwhile, Ethereum rolls out impressive layer 2 solutions to tackle scalability issues. A new Bitcoin bank is on the horizon, while innovative gaming platforms promise exciting on-chain experiences. Italy's crypto tax hike sparks debate, revealing regulatory shifts amidst a complex market environment.

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INSIGHT

ETH as Money on L2s

Layer 2s hold $11B in ETH and stablecoins, demonstrating ETH's monetary use case.
This monetary demand is often overlooked in favor of ETH's fee revenue perspective.

INSIGHT

Blob Space and Fees

Ethereum's blob space, used by L2s for data, is nearing full capacity.
This will trigger fees for L2s, but true value lies in scaling blobs 100x.

INSIGHT

Polymarket Divergence

Polymarket shows Trump with a significant lead, diverging from poll-based predictions.
This may be due to recreational betting, market sentiment, or potential manipulation.

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