Bankless

We're thrilled to be joined today by Paradigm CTO, Georgios Konstantopoulos and founder of Conduit, Andrew Huang who are on the show today to deliver a masterclass on the state of Ethereum Layer 2s, how they're going, and where they're headed.

There's nobody better to take us through this technical and very educational episode on the state of L2s.

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

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TIMESTAMPS

00:00:00 Intro 00:05:59 L2 Vibes, How Are We Doing? 00:08:43 L2 Obstacles 00:11:47 Building Conduit 00:14:19 Strengths of L2 00:17:30 Few Rollups or Many Rollups? 00:21:29 Market Demands 00:24:47 The Evolution Of Superchains 00:30:47 Shared Sequencing 00:34:02 Universal Composability 00:35:57 Evolution and Benefits 00:38:35 Unionized vs Independant L2s 00:45:42 Benefits Of Staying in The Ecosystem 00:50:05 The Modular Conversation 00:52:02 Cheaper DA 00:56:13 RAAS Business Model 01:01:26 Scaling Out The Business Model 01:04:23 L2 Security 01:11:27 Modification 01:16:15 Dealing with Growth 01:17:56 What Comes Next 01:20:01 RETH

------ RESOURCES

Andrew Huang https://twitter.com/KAndrewHuang 

Georgios Konstantopoulos https://twitter.com/gakonst 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Bankless Weekly Rollup 2nd Week of 2024 

----- 🏹 USE PODCAST24 FOR 10% OFF https://bankless.cc/Citizen2024 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2   ⁠

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⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

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TIMESTAMPS

0:00 Intro 2:00 Markets https://twitter.com/DefiIgnas/status/1745192464246292556 

20:00 Bitcoin ETF https://twitter.com/cryptorn__/status/1745188694653276474  https://x.com/RyanSAdams/status/1745210723490267520?s=20  25:00 SEC Hacked https://x.com/BTC_Archive/status/1744843666307400170?s=20  https://twitter.com/safety/status/1744924042681897343  https://x.com/SenLummis/status/1744860826392047845?s=20  https://twitter.com/SecurityGuyPhil/status/1744923073315582052  28:00 The Vote https://twitter.com/jacqmelinek/status/1745214804468301953?s=20  https://www.sec.gov/news/statement/crenshaw-statement-spot-bitcoin-011023  https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023  https://www.sec.gov/news/statement/peirce-statement-spot-bitcoin-011023  37:00 Fee Wars https://x.com/JSeyff/status/1745067027381780709?s=20  https://www.cfbenchmarks.com/  https://twitter.com/jacqmelinek/status/1744775831719641089?s=20  38:00 ETH Spot ETF 42:00 Financial Advisors https://twitter.com/NateGeraci/status/1742968462715031674 

45:00 Circle IPO  https://x.com/News_Of_Alpha/status/1745430416729727428?s=20  46:45 EigenLayer Cosmos https://twitter.com/eigenlayer/status/1744763767580442749  https://twitter.com/DefiIgnas/status/1744796757119340869?s=20  50:30 Modular Lyra https://twitter.com/lyrafinance/status/1743353520831807836  https://twitter.com/0xmjs/status/1743469305482957034?s=20  56:00 Layer 2 Fragmentation https://old.reddit.com/r/ethereum/comments/191kke6/ama_we_are_ef_research_pt_11_10_january_2024/kh78s3m/  1:02:00 X Phases out NFTs https://techcrunch.com/2024/01/10/x-removes-support-for-nft-profile-pictures/?  https://x.com/jespow/status/1745136343796113429?s=20  https://x.com/LensProtocol/status/1745102490771612136?s=20 

1:05:30 The Daily Gwei https://www.youtube.com/channel/UCvCp6vKY5jDr87htKH6hgDA 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

The Bitcoin ETF was just approved. What happens next? How does this change everything? Which ETF can crypto expect next? When? Answers to these questions and so much more! 

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

------ TIMESTAMPS

0:00 Intro 4:00 ETF Day 6:05 SEC Twitter Hack? 8:40 Commissioner Statements & Votes 12:30 BTC ETF Volume 19:50 Size of BTC ETF  22:00 Flip Gold? 22:25 Spot ETH ETF? 24:20 Closing & Disclaimers

------ RESOURCES

Eric Balchunas https://twitter.com/EricBalchunas 

BTC ETF Approved https://x.com/BanklessHQ/status/1744830610370421029 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-robert-breedlove 

----- Robert Breedlove is a freedom maximalist and Bitcoin philosopher. Robert is known amongst Bitcoiners to produce content that draws from ancient wisdom, and brings it forward into the modern times, with Bitcoin as the context. 

In order to tell the story of the bull case for bitcoin we have to tell the story of money. 

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2    ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

------ TIMESTAMPS

0:00 Intro 7:02 What is Money?  30:44 The Brokeness of Money  56:44 Bitcoin End State  1:07:17 Bitcoin’s Importance 1:16:49 Explaining Bitcoin to Noobs  1:25:00 Bull Case For Bitcoin 1:39:12 The Gold Path  1:47:35 Propagating Freedom  1:52:45 Closing & Disclaimers 

------ RESOURCES

Robert Breedlove https://twitter.com/Breedlove22 

Robert’s Podcast https://www.youtube.com/@RobertBreedlove22/videos 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠   

Bankless Weekly Rollup First Week of 2024 

----- 🏹 USE PODCAST24 FOR 10% OFF https://bankless.cc/Citizen2024 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

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TIMESTAMPS

0:00 Intro 8:00 MARKETS https://www.coingecko.com/en/coins/bitcoin/ars  10:25 Bitcoin https://cointelegraph.com/news/bitcoin-birthday-15-years-satoshi-nakamoto-genesis-block-mine  https://twitter.com/lopp/status/1738547873967435907?s=46  13:00 ETH 15:10 MatrixPort Liquidations https://twitter.com/WatcherGuru/status/1742541738940510645  https://www.theblock.co/post/270125/sec-will-reject-all-bitcoin-spot-etfs-in-january-says-matrixport-analyst  https://x.com/TrustlessState/status/1742597650791162271?s=20  19:20 SEI , ARB , OP https://www.coingecko.com/en/coins/sei  https://defillama.com/chains  21:50 Narrative Investing https://dune.com/cryptokoryo/narratives 

27:00 Bitcoin ETFs https://twitter.com/JSeyff/status/1742216237017342041  https://twitter.com/EricBalchunas/status/1742580887022125209?s=20  https://twitter.com/EricBalchunas/status/1742543503375106139?s=20  https://x.com/MetaLawMan/status/1742532353535180988?s=20 

31:00 Insane IRS Crypto Rules https://twitter.com/jerrybrito/status/1742246479593382207  https://x.com/RyanSAdams/status/1742257989195636978?s=20  https://x.com/NeerajKA/status/1742362328937746793?s=20  https://twitter.com/CryptoTaxGuyETH/status/1742366293649465782?s=20  https://x.com/jerrybrito/status/1742662203784744971?s=20 

39:00 Ethereum Duncan https://x.com/christine_dkim/status/1737889041981575320?s=20  https://www.eip4844.com/  42:30 Devcon 7 https://devcon.org/en/  43:00 Avalanche Culture https://x.com/avax/status/1740538202346381605?s=20  45:00 Michael Saylor https://warpcast.com/rsa/0xd1b6a261  https://x.com/BitDeez/status/1742313181697945878?s=20  https://x.com/ecoinometrics/status/1740034802508796186?s=20  46:50 LUNA is a Security https://www.coindesk.com/policy/2023/12/28/terraform-labs-luna-and-mir-tokens-are-securities-judge-rules/  https://twitter.com/metalawman/status/1740785789234028840  49:50 No More SBF Trials https://www.reuters.com/legal/sam-bankman-fried-will-not-face-second-trial-us-prosecutors-say-2023-12-29/  https://www.theblock.co/post/268450/ftx-bankruptcy-could-go-on-for-years-legal-expert-says  51:35 Barry Dilbert Steps Down https://www.coindesk.com/business/2023/12/26/barry-silbert-resigns-as-grayscale-chairman-to-be-replaced-by-mark-shifke/  https://www.sec.gov/ix?doc=/Archives/edgar/data/0001588489/000095017023072820/gbtc-20231226.htm  52:40 Dymension Airdrop https://x.com/dymension/status/1742185621299265738?s=20  https://x.com/dymension/status/1742185624696680823?s=20  55:00 Manta https://twitter.com/MantaNetwork/status/1678807287761195008?s=20  https://twitter.com/MantaNetwork/status/1735268753984864349 

57:00 MEME of the Week https://x.com/BanklessHQ/status/1742662299087929472?s=20 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Welcome to Bankless Takes! This week, the first week of 2024… we have 6 Predictions for the major investment themes ahead for this year. 

What are going to be the trends that define 2024? What do you need to know to stay ahead of the game? At least, for what we can see today. 

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2   ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

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TIMESTAMPS

00:00 Intro 04:45 Restaking and Liquid Restaking Tokens 12:34 What is Liquid Restaking? 20:26 Solana 28:18 Parallelized EVM's 37:16 Games 43:56 Data Availability 50:07 Airdrops

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-eth-2024 

----- 2023 wasn’t great for Ethereum… from a price perspective. But it was fantastic from a building perspective.

Where does Ethereum go from here? What does 2024 have in store for ETH the asset and Ethereum the network?

Anthony Sassano, Mike Ippolito, and Jordi Alexander join to give a high level overview of the Ethereum ecosystem. The problems, the solutions, and the future.

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT     ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2   ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask  

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

------ TIMESTAMPS

0:00 Intro 6:13 Ethereum in 2023 17:40 ETH as Money 24:30 The Internet Bond 30:00 From Execution to Settlement 37:40 Inside vs Outside Crypto 43:20 Restaking and Data Availability 1:10:00 Layer 2s and Modularity 1:23:00 Fragmentation 1:33:15 Decentralization 1:46:50 Wrapping Up 1:51:00 ETH Price Predictions

------ RESOURCES

Anthony Sassano https://x.com/sassal0x?s=20

Mike Ippolito https://x.com/MikeIppolito_?s=20

Jordi Alexander https://x.com/gametheorizing?s=20

------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures

Bankless Weekly Rollup Last Week of 2023

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

—— 💳 AMBIRE | V2 Browser Extension is now Live! https://bankless.cc/ambire-v2   ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2   ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask  

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

———

0:00 Intro 6:00 Markets 1 Year Ago 8:00 Base https://help.coinbase.com/en/coinbase/other-topics/other/base 10:00 SVB https://en.wikipedia.org/wiki/Collapse_of_Silicon_Valley_Bank 12:30 Balaji’s Bitcoin Bet 13:40 Scammers Arrested 15:00 Arbitrum Airdrop 17:00 Bitcoin Ordinals 22:40 Friend.tech 26:20 Pudgy Penguins IP 30:00 SEC Losing in Court 35:20 SEC Suing Exchanges 36:30 Michael Saylor Buying Bitcoin 39:35 CZ Steps Down 43:25 Solana Boom 47:00 Celestia and Jito Airdrop Season 49:45 Where We Are Now 52:30 Looking to 2024

—— Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures

Coin Bureau’s Guy Turner interviewed Ryan and David on November 15, 2023. We’re re-releasing this episode on our channels thanks to Coin Bureau. We hope you enjoy this meta-conversation of Ryan, David, and the Bankless brand. Happy Holidays! 

------- TIMESTAMPS

0:00 Intro 1:55 Crypto YouTube vs. Podcast 7:10 Creating Crypto Content 16:55 SBF vs. Erik Voorhees  32:50 Crypto Industry Mistakes  41:05 Ethereum & Crypto Cycles 55:43 Crypto, Social Media, Madness  1:03:00 Podcast Guests 1:09:00 Final Thoughts

------ RESOURCES

Full Coin Bureau Interview  https://youtu.be/HVpQroG434E?si=Yl0IR-LUd8dRQZ3l  

------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures 

Ethereum validators are earning yield for nearly a million wallets but what happens if you can restake that ETH for even more yields? Eigen Layer is one of the most ambitious projects in crypto and crossed a billion dollars in deposits while recording this episode.

Joining us today is special technical co-host Mike Neuder to discuss all things Eigen Layer with Sreeram and Teddy from the team.

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🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT   

----- BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.com/MetaMask 

⚖️ARBITRUM | SCALING ETHEREUM https://bankless.com/Arbitrum  ⁠

🔗CELO | CEL2 COMING SOON https://bankless.com/Celo 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku 

🌐 Layer Zero V2 Launch https://bankless.cc/LayerZeroLabs 

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Timestamps 

00:00:00 Intro 00:00:26 Episode Overview 00:09:20 Current State of Eigen Layer 00:12:01 Cap Limits and Accepted Tokens 00:19:42 Economic Security 00:25:51 Eigen Incentive Structures 00:34:12 What Is Eigen DA? 00:40:29 Benefits From Eigen DA 00:45:28 Why Eigen DA? 00:55:31 Throughput and Slashing 01:05:58 Finality Layer 01:10:51 ABS Aggregation 01:16:53 The Veto Committee 01:21:04 Neutrality 01:24:40 Networks in 2024 01:28:27 When Mainnet

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Resources

Mike https://twitter.com/mikeneuder 

Sreeram https://twitter.com/sreeramkannan 

Teddy https://twitter.com/TedBreyer 

------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures