The Chopping Block: Are Layer 2s Stealing Ethereum’s Thunder? - Ep. 484 | Unchained

This podcast episode ventures into uncharted territory with a Geoguessr-inspired game of charts. From transaction fees and Layer 2 data transfer costs to the evolving relationship between L1s and L2s, and examining factors impacting Ethereum's value, the hosts embark on a deep dive into various topics concerning the crypto ecosystem. They also delve into security challenges, explore the enigmatic "shark fin chart," and dissect the current state of centralized lending, stablecoins, tokenized assets, and the debate surrounding Layer 2s versus alternative Layer 1 blockchains. The episode concludes with a lighthearted discussion on Base's launch and the hosts' personal food preferences, reflecting on the show's experimental nature and their desire to return to a more relaxed format.

Outlines

Sign in to continue reading, translating and more.

Continue

The Chopping Block: Are Layer 2s Stealing Ethereum’s Thunder? - Ep. 484

Unchained

Unchained's Geoguessr: Guess the Chart

Ethereum transaction fees per chain

Tornado Cash TVL and Layer 2 TVL

Layer 2s' Cost of Publishing Transaction Data to Layer 1

L2s and L1: A Value Accrual Debate

ETH's Value and the Growing Universe of Layer 2s

Security Challenges in Crypto: Growing Sophistication and Lack of Improvement

Unveiling the Shark Fin Chart: A Journey into Lightning Channels

Wrapped Bitcoin's Decline and the Impact on Lending

DeFi Borrowing Costs Challenge Centralized Lending Comeback

Stablecoins' Popularity and Market Dynamics

Stablecoins Yield Higher Than Bank Deposits, Tokenized Treasuries Gaining Traction

L2s' Current State and Alt-L1s' Advantages

Alt L1s: More Valuable than L2s in the Long Run

Layer 2s: OP Token vs Base Token

Chopping Block's Late-Night Vibes: Reflections and Reminiscing

The Chopping Block: Are Layer 2s Stealing Ethereum’s Thunder? - Ep. 484

Unchained

00:00Unchained's Geoguessr: Guess the Chart

Unchained's Geoguessr: Guess the Chart

03:53Ethereum transaction fees per chain

Ethereum transaction fees per chain

06:56Tornado Cash TVL and Layer 2 TVL

Tornado Cash TVL and Layer 2 TVL

10:57Layer 2s' Cost of Publishing Transaction Data to Layer 1

Layer 2s' Cost of Publishing Transaction Data to Layer 1

14:46L2s and L1: A Value Accrual Debate

L2s and L1: A Value Accrual Debate

19:01ETH's Value and the Growing Universe of Layer 2s

ETH's Value and the Growing Universe of Layer 2s

23:29Security Challenges in Crypto: Growing Sophistication and Lack of Improvement

Security Challenges in Crypto: Growing Sophistication and Lack of Improvement

28:00Unveiling the Shark Fin Chart: A Journey into Lightning Channels

Unveiling the Shark Fin Chart: A Journey into Lightning Channels

31:31Wrapped Bitcoin's Decline and the Impact on Lending

Wrapped Bitcoin's Decline and the Impact on Lending

34:10DeFi Borrowing Costs Challenge Centralized Lending Comeback

DeFi Borrowing Costs Challenge Centralized Lending Comeback

37:37Stablecoins' Popularity and Market Dynamics

Stablecoins' Popularity and Market Dynamics

40:43Stablecoins Yield Higher Than Bank Deposits, Tokenized Treasuries Gaining Traction

Stablecoins Yield Higher Than Bank Deposits, Tokenized Treasuries Gaining Traction

44:51L2s' Current State and Alt-L1s' Advantages

L2s' Current State and Alt-L1s' Advantages

48:48Alt L1s: More Valuable than L2s in the Long Run

Alt L1s: More Valuable than L2s in the Long Run

53:29Layer 2s: OP Token vs Base Token

Layer 2s: OP Token vs Base Token

57:08Chopping Block's Late-Night Vibes: Reflections and Reminiscing

Chopping Block's Late-Night Vibes: Reflections and Reminiscing