Uncommon Core 2.0 Ethereum & Solana: MEV & Beyond
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Dec 22, 2024 Robert Miller, a product steward at Flashbots and former MEV searcher, discusses Ethereum's evolving landscape and its rollup-centric roadmap. He contrasts Ethereum's long-term decentralization goals with Solana's immediate results focus. The conversation dives into Flashbots' innovations like Rollup-Boost and BuilderNet, designed to tackle MEV challenges. Miller highlights the implications of transaction sequencing and the role of sequencers, while shedding light on the competitive dynamics between Ethereum and Solana, emphasizing the future of decentralized finance.
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Ethereum's Lack of Unified Vision
- Ethereum lacks a unified vision, unlike competitors like Bitcoin or Solana.
- This has led to internal debates, hindering the platform's direction and progress.
Ethereum's Product-Market Fit: DeFi
- Ethereum's primary product-market fit has been high-value DeFi, but developers haven't focused on it.
- This neglect has led to some DeFi applications migrating to other chains.
Tiered Approach to DeFi
- Hasu suggests a tiered approach to DeFi, with core DeFi on Layer 1 and satellite DeFi on Layer 2.
- Lower-value use cases like meme coin trading can thrive on Layer 2 due to lower fees and less need for composability.