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f(gautham)💤 Profile picture
@gauthamzzz
Feb 27 • 11 tweets • 3 min read • Read on X
🚨 BREAKING: @base just announced Flashblocks - making it the fastest EVM chain in crypto.

But this is bigger than Base. This will change everything about how we think about blockchain speed.

Here's why Flashblocks are a game-changer 🧵
1/ First, let's address the elephant in the room:

Base is about to process transactions in 200ms. That's 10x faster than current speeds.

For context: That's faster than Solana (400ms) 🤯 Image
2/ First, let's address the elephant in the room:

Base is about to process transactions in 200ms. That's 10x faster than current speeds.

For context: That's faster than Solana (400ms) 🤯 Image
3/ Here's what makes Flashblocks revolutionary:

Think of them as "mini-blocks" that get confirmed every 200ms, instead of waiting for full blocks.

It's like upgrading from sending letters to instant messaging. The entire UX changes. Image
4/ The magic? Separation of powers:

• Sequencing (ordering transactions)
• Proving (validating them)
• Posting to L1

Traditional L1s do everything at once. Rollups can split these up, making everything faster while keeping Ethereum's security.
5/ Why L1s can't compete:

L1s are like a one-man band trying to play every instrument at once.

They need full validator consensus for EVERYTHING:
• Processing txs
• Agreeing on state
• Reaching finality

This creates an unbreakable speed limit.
6/ The genius of Flashblocks:

Users get:
• Near-instant confirmations (200ms)
• Native revert protection
• Lower fees
• Better trading experience

All while keeping Ethereum's security. This is having your cake and eating it too.
7/ The implications are MASSIVE:

• DEXs can match CEX speed
• Games become truly playable on-chain
• Front-running becomes harder
• Better liquidity across the board

We're entering an era where "blockchain is slow" becomes history.
8/ Who's adopting Flashblocks?

• Base (live on testnet, mainnet in Q2)
• @unichain (250ms implementation)
• @inkonchain
• More L2s coming...

This isn't just an upgrade. It's a new paradigm for blockchain performance.
9/ Here's what makes me incredibly bullish:

This tech works with ANY OP Stack rollup. Meaning this could become the new standard for L2 performance.

The speed wars are over. Rollups won.
10/ What do you think @polynomialfi community - should we add Flashblocks?

11/ - Would sub-200ms block times change the game for perp trading?

If you found this helpful:
• Follow @polynomialfi for more updates
• RT the first tweet to spread the knowledge 🙏

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More from @gauthamzzz

f(gautham)💤 Profile picture
Feb 21
The Bybit hack is officially the largest crypto heist in HISTORY.

$1.46B+ stolen and still counting. That's 16% of ALL previous crypto hacks COMBINED.

Here's what happened, what we know, and why this could change everything 🧵👇 Image
2/ It started when @ZachXBT reported "suspicious outflows" from Bybit totaling $1.46B+.

Soon after, we saw mETH & stETH being swapped for ETH on DEXs.

Then the attacker got sophisticated - splitting 10K ETH to 39 different addresses, then another 10K ETH to 9 more addresses. Image
3/ What makes this attack TERRIFYING?

The hacker didn't break the code. They broke the HUMANS.

Each Bybit multisig signer saw a legitimate-looking UI from @safe showing the "correct" transaction.

But they were actually signing to change the smart contract logic of their ETH cold wallet.Image
Read 17 tweets
f(gautham)💤 Profile picture
Jan 17
Ethereum L2s are about to hit a brick wall.

55% of all blob space is already consumed by just 2 chains.

And at current growth rates, we're only months away from everything breaking.

Here's what's happening 🧵 Image
@growthepie_eth 2/ First, let's understand what's breaking:

Blobs = special storage for L2s
Current limit = 3 blobs per block
Reality = dozens of L2s fighting for these 3 spots

It's like having a highway with only 3 lanes for 50 growing cities. Image
3/ The daily data tells a clear story:

Blob fees spike:
• During trading hours
• During airdrops
• When new L2s launch operations

Each spike = higher costs for users Image
Read 10 tweets
f(gautham)💤 Profile picture
Jan 14
Sony's L2 just showed us something wild about OP Stack censorship resistance:

Their attempt to block "unapproved" tokens spectacularly backfired in less than 24 hours after launch.

Here's exactly what went down 🧵 Image
@binji_x 2/ The drama started yesterday:

Sony launched their L2 and immediately started censoring early tokens at the RPC level.

Their policy? If they don't like your contract, you get a "forbidden" response. No questions asked. Image
3/ The impact was immediate:

Early token traders got absolutely rekt when Sony started blocking transactions.

A $5k position turned to dust when holders couldn't sell - because Sony simply decided they didn't approve of the contract. Image
Read 8 tweets
f(gautham)💤 Profile picture
Dec 7, 2024
1/ The Pudgy Penguins $PENGU launch on Solana isn't about "ETH's UX problem"

It's about a deeper rot in ETH's culture.

And as someone building an L2, let me tell you why this matters...🧵 Image
2/ ETH ecosystem destroyed itself from within:

• EF devs become "advisors"
• EF itself dumps tokens on CEX, ignoring DeFi
• Vitalik calls DeFi "ouroboros"
• Then everyone wonders why retail left

Then wonders why builders leave 🤔 Image
3/ Here's what @CryptoGarga (BAYC founder) nails:

Launch on Solana: Get welcomed by ecosystem leaders

Launch on ETH: Get attacked by podcasters who spent years calling NFTs securities while stacking "alignment" allocations

(tbh Bankless isn't that bad) Image
Read 9 tweets
f(gautham)💤 Profile picture
Dec 5, 2024
Value accrual in L2s is fascinating right now

HyperLiquid approaching Arbitrum's market cap reveals a crucial insight about the future of L2s and where protocols should build

Let me explain why general purpose L2s might be a trap Image
🧵 (1/15)

First, let's look at the numbers:

Arbitrum market cap: $4.72B
HyperLiquid market cap: $4.47B

But here's where it gets interesting...

GMX revenue (30d): $10.8M
HyperLiquid revenue (30d): $7.0M Image
(2/15)

GMX is generating 54% more revenue than HyperLiquid, yet its market cap is just $376M

That's 8% of HyperLiquid's market cap despite better fundamentals

Something doesn't add up here... Image
Read 15 tweets

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