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Did you miss out on the #LSD bull pre Shanghai Upgrade?
No need to worry, as Cancun - an upgrade that directly benefits Layer2(L2) tokens is coming.
Want to see your investment skyrocket like many did during $LSD spring?
Let me tell you how👇:
#Ethereum #Crypto
No need to worry, as Cancun - an upgrade that directly benefits Layer2(L2) tokens is coming.
Want to see your investment skyrocket like many did during $LSD spring?
Let me tell you how👇:
#Ethereum #Crypto
1/n
What benefits will Cancun bring and how will it impact L2s?
In simple words, it will make L2s 10-100x faster and cheaper.
How is this possible?
Fundamentally, L2s are required to submit L2 txs to L1 (Ethereum) in order to achieve the same level of security as L1.
What benefits will Cancun bring and how will it impact L2s?
In simple words, it will make L2s 10-100x faster and cheaper.
How is this possible?
Fundamentally, L2s are required to submit L2 txs to L1 (Ethereum) in order to achieve the same level of security as L1.
2/n
Before #Cancun, L2 txs were stored in the L1 txs calldata. However, this method is expensive and calldata has limited space.
After #Cancun, L1 will be stored in a new place called "blob"(don't google it) . Blob storage cost is way cheaper and have a bigger space.
Before #Cancun, L2 txs were stored in the L1 txs calldata. However, this method is expensive and calldata has limited space.
After #Cancun, L1 will be stored in a new place called "blob"(don't google it) . Blob storage cost is way cheaper and have a bigger space.
3/n
So let's do a quick math.
If L2 has 1000 txs to put on L1.
1 calldata can store 100 L2 txs max with the cost of 1ETH.
If there are 1000 l2 txs, we need 10 calldata that will cost 10 ETH.
With blob, now we can have all 1000 l2 txs in 1 blob, and 1 blob cost 0.1 ETH.
So let's do a quick math.
If L2 has 1000 txs to put on L1.
1 calldata can store 100 L2 txs max with the cost of 1ETH.
If there are 1000 l2 txs, we need 10 calldata that will cost 10 ETH.
With blob, now we can have all 1000 l2 txs in 1 blob, and 1 blob cost 0.1 ETH.
4/n
So before Cancun:
For each L2 tx, it will cost 10/1000= 0.01 ETH
After Cancun:
For each L2 tx, it will cost 0.1/1000= 0.0001 ETH
100x cheaper!
So before Cancun:
For each L2 tx, it will cost 10/1000= 0.01 ETH
After Cancun:
For each L2 tx, it will cost 0.1/1000= 0.0001 ETH
100x cheaper!
5/n
And remember getting stored at Ethereum is necessary for a L2 tx to be finalized.
So if we want to have 1000 L2 txs confirmed, the time is also associated with how many L1 txs you need to submit these L2 txs.
And remember getting stored at Ethereum is necessary for a L2 tx to be finalized.
So if we want to have 1000 L2 txs confirmed, the time is also associated with how many L1 txs you need to submit these L2 txs.
6/n
Let's do the math again
we can use 1 L1 txs to confirm 1000 L2 txs with blob but need 10 L2 txs to confirm 1000 L2 txs with calldata.
So with blob, we can confirm 10x more L2 txs than before.
Let's do the math again
we can use 1 L1 txs to confirm 1000 L2 txs with blob but need 10 L2 txs to confirm 1000 L2 txs with calldata.
So with blob, we can confirm 10x more L2 txs than before.
7/n
The actual logic & data is way more complex, but all you need to know is:
The upgrade that will implemented in Cancun make L2s much cheaper and faster.
You may see sometimes L2s are even expensive than L1 now, but after Cancun, the situation will be much better.
The actual logic & data is way more complex, but all you need to know is:
The upgrade that will implemented in Cancun make L2s much cheaper and faster.
You may see sometimes L2s are even expensive than L1 now, but after Cancun, the situation will be much better.
8/n
Okay, now we know the underlying logic, what should we do to prepare?
What object should we invest into?
Don't worry, i got a list for you.
They are all L2 projects & tokens that will benefit from the Cancun upgrade in fundamental
Okay, now we know the underlying logic, what should we do to prepare?
What object should we invest into?
Don't worry, i got a list for you.
They are all L2 projects & tokens that will benefit from the Cancun upgrade in fundamental
9/n
$ARB & $OP
Layer2 dominator, if there is a L2 summer, these 2 tokens will absolutely benefit the most.
@arbitrum & @optimismFND have the highest TVL and most users, and they have been running for years and have mature Ecosystem.
Low-Risk Medium Returns
$ARB & $OP
Layer2 dominator, if there is a L2 summer, these 2 tokens will absolutely benefit the most.
@arbitrum & @optimismFND have the highest TVL and most users, and they have been running for years and have mature Ecosystem.
Low-Risk Medium Returns
10/n
$Boba & $Metis
Early Optimism forks, they have been down & quite for a year so right now have a relatively nice entry.
Medium-Risk but High Returns
@bobanetwork
watchers.pro/token/0x42bbfa…
@MetisDAO
watchers.pro/token/0x9e32b1…
$Boba & $Metis
Early Optimism forks, they have been down & quite for a year so right now have a relatively nice entry.
Medium-Risk but High Returns
@bobanetwork
watchers.pro/token/0x42bbfa…
@MetisDAO
watchers.pro/token/0x9e32b1…
11/n
$LRC/ $IMX/ $DYDX
@loopringorg @Immutable @dYdX
They are early application-specific zkRollup projects and launched their tokens.
When general zkRollup don't have tokens, they will be a great target for zk Layer2s.
watchers.pro/token/0xbbbbca…
watchers.pro/token/0xf57e7e…
$LRC/ $IMX/ $DYDX
@loopringorg @Immutable @dYdX
They are early application-specific zkRollup projects and launched their tokens.
When general zkRollup don't have tokens, they will be a great target for zk Layer2s.
watchers.pro/token/0xbbbbca…
watchers.pro/token/0xf57e7e…
12/n
$MATIC
"The" Polygon we are using is not L2, but they have several ZK Layer2 solutions including the @0xPolygon ZKEVM, which already launched mainnet.
However, $MATIC marketcap is already super big, so the expected ROI would be relatively small.
watchers.pro/token/0x7d1afa…
$MATIC
"The" Polygon we are using is not L2, but they have several ZK Layer2 solutions including the @0xPolygon ZKEVM, which already launched mainnet.
However, $MATIC marketcap is already super big, so the expected ROI would be relatively small.
watchers.pro/token/0x7d1afa…
13/n
$SHIB & $CULT
@Shibtoken and @wearecultdao all say they are going to launch Layer2 this year, if the launch is success and the ecosystem grows, they will be listed within L2 narritive just like $YFI & $FXS
$SHIB & $CULT
@Shibtoken and @wearecultdao all say they are going to launch Layer2 this year, if the launch is success and the ecosystem grows, they will be listed within L2 narritive just like $YFI & $FXS
14/n
Layer2 Ecos Project
You may also want to monitor the projects that are built on top of L2s, cheaper & faster networks will boost the projects too.
Arb: $GMX $GNS $RDNT $JOE...
Op: $SNX $PERP $KWENTA...
& other zkRollup ecos.
Layer2 Ecos Project
You may also want to monitor the projects that are built on top of L2s, cheaper & faster networks will boost the projects too.
Arb: $GMX $GNS $RDNT $JOE...
Op: $SNX $PERP $KWENTA...
& other zkRollup ecos.
15/n
$ZKS $STARK $SCROLL
All 3 haven't launch tokens yet, but if they do (in any form), it's gonna be as important as $ARB & $OP or even better cuz industry view zkRollup as more advance solutions.
Also do notice for #airdrops as it expect to be big.
#zksync #Starknet #scroll
$ZKS $STARK $SCROLL
All 3 haven't launch tokens yet, but if they do (in any form), it's gonna be as important as $ARB & $OP or even better cuz industry view zkRollup as more advance solutions.
Also do notice for #airdrops as it expect to be big.
#zksync #Starknet #scroll
Tagging the best CT threadoors:
@Deebs_DeFi
@CryptoStreamHub
@crypto_linn
@DeFiMinty
@DeFi_Taha
@Chinchillah_
@0xTindorr
@0xsurferboy
@Louround_
@Curious__J
@Hercules_Defi
@MercyDeGreat
@0xSalazar
@thelearningpill
@FarmerTuHao
@0xShinChannn
@Flowslikeosmo
@Louround_
@crypthoem
@Deebs_DeFi
@CryptoStreamHub
@crypto_linn
@DeFiMinty
@DeFi_Taha
@Chinchillah_
@0xTindorr
@0xsurferboy
@Louround_
@Curious__J
@Hercules_Defi
@MercyDeGreat
@0xSalazar
@thelearningpill
@FarmerTuHao
@0xShinChannn
@Flowslikeosmo
@Louround_
@crypthoem
16/n
Okay, that's a wrap!
What token did i miss? Comment below to let everyone know!
Data provided by @ScopeProtocol
Okay, that's a wrap!
What token did i miss? Comment below to let everyone know!
Data provided by @ScopeProtocol
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