Bitcoin Network & Layer 2 (L2) Solutions - L2 solutions' success has shifted transactions from Layer 1 (L1) to L2s [1] - L2s have achieved remarkable success without requiring large data buckets on L1 [1] Bitcoin Network Security & Spam - Concerns exist regarding users placing legible data on Bitcoin and lobbying for larger data buckets, potentially increasing the risk of operating Bitcoin nodes [1] - There is a call to remove spammers from Bitcoin [2]

RT Nick Szabo (@NickSzabo4)The transactions have gone from L1 to the L2s, because of the success of the L2s, which haven't needed legible-sized data buckets on L1 to be so remarkably successful.To people putting legible data on Bitcoin, and to those who have lobbied for legible-sized buckets in which to do this, and against fixing the bugs that allow them to more readily do this, and have thereby made operating Bitcoin nodes riskier, I say quite the opposite of thank you. I say GET THE FUCK OFF BITCOIN.Rug ...

RT Nick Szabo (@NickSzabo4)Judging by the amount of transactions they've diverted from L1, i.e. the vast majority of them, the various L2's (whether Lightning or centralized ones like exchanges) have been remarkably successful, without needing an OP_RETURN datacarriersize bigger than 83, or any other legible-sized data buckets, on L1. ...

Ethereum Upgrade & Impact - Ethereum's Fusaka upgrade went live on December 3rd, featuring 8x blob capacity and a 60 million gas limit [1] - The upgrade is expected to reduce Layer 2 (L2) costs by 70-90% [1] - Despite the upgrade's success, ETH's price has decreased year-to-date (YTD) to $3,169, suggesting the market had already factored in the upgrade [1] Layer 2 Implications - Layer 2 solutions like Base, Arbitrum, and Optimism are poised to benefit from the reduced costs, potentially increasing their margins [1] - L2 tokens are expected to outperform ETH following the upgrade [1]

RT ZTARKNET (@Ztark_Labs)We believe in the Zcash mission. That's why our guiding principle for Ztarknet is simple: Privacy stays on Zcash. Scale lives on L2. ...

Business Model & Strategy - zkSync 构建了 ZK Stack，旨在为机构运行私有链提供支持 [1] - 该技术正被 35 家企业用于构建主权 L2 [1] - zkSync 的商业模式类似于 AWS，专注于零知识证明服务 [1] - 许可收入可能超过手续费收入，尤其是在机构需要隐私基础设施而非公共链的情况下 [1] Institutional Adoption - 德意志银行正在进行 onboarding [1] - 已经锁定 24 亿美元的 RWA（Real World Assets，真实世界资产）[1] Market Valuation - ZK Token 的市值为 5.28 亿美元 [1]

ZKsync has launched its Atlas upgrade, delivering over 15,000 TPS, sub-second ZK finality, and near-zero fees while enabling real-time L1-L2 liquidity interoperability. The upgrade allows ZKsync-based chains to directly access Ethereum's liquidity without separate pools, transforming Ethereum into an institutional-grade settlement layer by rearchitecting L1/L2 capital structures. https://t.co/aS0l4Lssey ...

Developer Growth - Starknet has been consistently adding developers for the past 2 years [1] - Arbitrum experienced a 30% decrease in its developer base [1] - Polygon saw a 35% reduction in its developer base [1] Competitive Advantage - Cairo's 6-month learning curve acts as a filter, deterring developers solely motivated by grants [1] - Developers who commit to Starknet tend to stay [1] Market Valuation - Starknet's market capitalization is at $517 million [1] - The market is potentially undervaluing Starknet, pricing it similarly to declining Layer 2 solutions despite its growth [1]

MEV & Staking - MegaETH sequencer auctions redistribute 90% of MEV to token stakers [1] - At 50% staked, $108 million annual MEV translates to 216% APY from real economic activity [1] Market Opportunity - Ethereum L1 generates $20 million monthly MEV, Arbitrum $5 million [1] - MegaETH's sub-millisecond blocks create more arb opportunities than both Ethereum and Arbitrum [1] - A productive asset yielding 20%+ from transaction ordering is mispriced at $1 billion FDV [1] Auction Details - Public auction starts October 27 at $1 billion valuation [1] Token Utility - Every other L2 token is just governance, implying MegaETH token has superior utility [1]

Crypto & Finance - The future of finance involves crypto cards settling on Layer 2 (L2) [1] - The L2 infrastructure is supported by Amazon datacenters [1] Technology & Infrastructure - Amazon datacenters provide the infrastructure for crypto finance solutions [1]