Forever top on L1s which aren't snowflakes (real).https://t.co/JiRvtLxguhMosi (@VannaCharmer):L1 premium will soon turn into L1 discount ...

in before ppl start claiming L3s are bullish for L1s ...

AI in its general-purpose L1 eraLuke Wroblewski (@LukeW):everybody’s building the same thing. https://t.co/n4Yx39Toa5 ...

The landscape of infra tokens, both L1 and L2, are largely uncreative and are massively mispriced if the value they capture is solely the thing being driven to zero (tx fees)Ignas | DeFi (@DefiIgnas):What's the upside for L2 tokens?Fee sharing?Even if they turned on fee sharing, it's not much:Arbitrum made $19.5m in fees in a year. Optimism $18.3m.zkSync just $1.3m and Starknet $600k.This Price(FDV)-to-Fees ratio puts Arbitrum at 137.8x, and Optimism at 205.7x https://t.co/eTQ8WMy6md ...

I think if L1/etc teams that are now years along the road and very close to full early stage investor unlocks want these inflation reduction proposals to be taken seriously, they need to include provisions that retroactively slash the inflation rewards for the past X years that investors and team with staked locked tokens were also receiving (assuming in these cases that the early investors weren’t already selling their locked staked token rewards)Props to NEAR for trying shift their economic security model ...