The ETH Report for Q2 is out now — and the Livestream starts in 1 hour.+ ETH in treasuries surged +5,829%+ ETH on CEXs hit lowest level since 2016+ L2s now see 5x more daily users than L1Join @RyanSAdams and @JustDeauIt at 11 AM EST (here or on YouTube) for the full breakdown.Report now on @the_defi_report’s site.Links below ...

Industry Trends - 4 Bitcoin (BTC) mining operations transitioned to Ethereum (ETH) staking this quarter [1] - Sony, Coinbase (CB), and Robinhood (RH) all announced Layer 2 (L2) solutions [1] Supply Dynamics - 155 thousand ETH were unstaked and moved to exchanges from miners [1] - Exchange Traded Funds (ETFs) absorbed 315 thousand ETH this week alone [1] - Total ETH absorption is running at 3330% (33.3x) of new issuance [1]

L2 Adoption & Network Effects - Companies like Coinbase, Sony, Alibaba, Deutsche Bank, Robinhood & OpenAI have leveraged Layer 2 solutions (L2s) to create powerful network effects [1] - Setting up an L2 is crucial for benefiting from these network effects [1] - There is a high probability that the mentioned companies will establish their own L2s [1] L2 Benefits - L2s offer benefits beyond network effects, including settling on ETH L1, high customizability, and an attractive business model [1] - Base is generating approximately $80 million in annual revenue, indicating the potential of the L2 business model [1] ETH L1 Role - ETH L1 is positioned as the base layer of trust for the onchain economy [2]

ETHCC takeaways (pt 3):- rumors have it that stripe is next to launch a chain- community really doesn’t care about memes, for better or worse- there are some very big zk mainnet launches soon- only met one or two early stage teams that were interesting for our venture fund- fav events: defi summer day, sovereign EVM day, (re)fundamentals, stark cafe,- the stages at main event that have a privacy rule create the best convos, more of that in future- feels like the ‘calm before the storm’ sentiment-wise- ppl a ...

In any case, if Ethereum and ETH fail, Ethereum's L2s and their tokens are valueless.Aligning incentives is a win-win. ...

https://t.co/GiAQhwZRgIBREAD | ∑: (@0xBreadguy):@RyanWatkins_ This makes no sense unless you believe in a consensus premium.Chains who leverage Ethereum:• can have higher capacity• can have lower latency• have a more-direct path to revenueIt's why L2s as a category should be stopped.The best execution environments will be ...