Turns out they do have some assets priced in ETH, so going to see some moneyness transfer over https://t.co/ikTGYCYRMW ...

While we're bullposting;I still think altDA wins out not only due to pure cost savings, but the difference in capacity is so large that it makes for actual, meaningful network improvements.Example;MegaETH is not just pushing tx data, but generating and including additional data like witnesses (because space is so abundant with EigenDA) that it allows the network to ingest and sync information much, much quicker than if it had to re-execute everything from scratch.Cheaper, faster and more efficient.Picture u ...

You can see whatever you want in this post, but the truth is it's how these decision were always going to play out (and is bullish Ronin).They will be the best version of themselves with these decisions.→ Cheaper, faster and familiar to their user.→ Repurposing their security budget for growthYou just have to realize that Ethereum is playing a volume game with this stuff (and that blobs are ngmi).BREAD | ∑: (@0xBreadguy):Most interesting notes from this migration:→ Will not use $ETH as gas→ Will be altDA (E ...

"Liveness is certainly at risk, but as a user, I’d prefer a 5x better UX 99.9% of the time and accept the occasional downtime that might occur as a tradeoff."The TAM for this mindset is larger than infinitely-live and decentralized chains, but it isn't as explored.The upshot though, is that chains settling to Ethereum can push the extremes even further than Hyperliquid without sacrificing ~100% of the downsides (liveness, CR, etc)MONK (@defi_monk):I don’t think Hyperliquid ever needs to geo distribute its v ...

Network Migration & Technology - Ronin is migrating back to Ethereum as a Layer Two solution [2] - Ronin will not use ETH as gas [1] - Ronin will utilize an alternative Data Availability layer, specifically EigenDA [1] Strategic Shift - Ronin is shifting its focus from a "Gaming" chain to a General Purpose chain [1] - Security budget is being reallocated from L1 security to builder incentives, using a "Builder Score" based on on and off-chain metrics [1] - Ronin is actively seeking partnerships with L2 "stacks" such as OP, Arbitrum, Polygon, and ZKSync [1] Economic Implications - The migration is minimally value-accretive to ETH and Ethereum [1] - ETH will not be used as money outside of the Ronin Treasury subsidizing settlement costs [1]

Crypto market corrects down - what next? https://t.co/JPzDH7SLw8 ...

Cryptocurrency Roadmap & Development - ETH is further along the same roadmap as BTC and can facilitate execution itself [1] - Smart contract platforms can capture a lot of value in the time before BTC issuance stops [1] BTC Future & Challenges - BTC has a few options to survive when issuance stops: remove the 21 million cap, become programmable, or be co-opted by governments [1] - The likelihood of these scenarios occurring is ranked as 3-2-1 respectively [1] ETH Market Position & TradFi Adoption - TradFi is already buying into ETH massively, with recent flows outpacing those into BTC [1] - Discussions about ETH supply under PoS are opening a can of worms for BTC maxis [1]

Investment Vehicle Analysis - DATs (Decentralized Autonomous Trusts) are criticized as a combination of the worst aspects of hedge funds and SPACs, compounded by tax inefficiency [1] - DATs are subject to corporate income tax on staking yield, unlike ETFs (Exchange Traded Funds) [1] - DATs have high fees, allegedly to cover executive compensation, a cost not typically associated with ETFs [1]

ETH DATs are just better staking ETFs (the original/best bull for ETH ETFs as productive assets)prove me wrongAndrew Kang (@Rewkang):Unlike the launch of the ETH ETF, the launch of ETH DATs actually brought meaningful demandBut the similarity is that there is likely $10b+ momentum capital frontrunning future buyingThe market is not ready to find out what happens when that buying dissipates ...

Market Trends & Comparisons - Solana aims to create a dashboard similar to the SER dashboard to rally support around a specific narrative and goal [1] - The report suggests Solana is attempting to "flip the market" [1] - Solana's trading activity is being compared to that of the NASDAQ [1] Trading Volume & Activity - Solana executes more trades per day than all regional stock markets combined [1] - Solana's weekly trading volume represents 92% of the total weekly NASDAQ trades [1] - Solana's daily trading volume reaches 66% of NASDAQ's daily volume, peaking at 90% [1] - Solana processes 400 trades per second and this number is growing [1]