A few years ago, the ideas around what would become L2s were just ideas on a whiteboard

Continually amazed at the scale of Worldcoin...

Largest app on OP Mainnet by a large margin (ETH fees)

Congrats Eric Migicovsky and Brad Murray! Been using Beeper for several years now and loving it.

Very excited for the Beeper + Texts era :)

4 weeks later, EIP-4844 is still a game-changer

🪙 Median gas fees >10x lower, from ~50¢ to ~3¢
🔮 Blobs meeting L2 demand, despite inscriptions
💸 Optimism Collective profit at record highs
📈 L2s seeing all-time record high usage (5x demand)

Good summary of some history of fault proofs

Interesting way to see how Base has started to increase the L2 compute gas limit.

Looking forward to see this continue to (responsibly) climb higher!

“Today, I would argue that we are decidedly on the decelerating, right side of this S-curve.”

Seems so simple, but this sentence encapsulates nearly a decade of intense work by hundreds of researchers, engineers, and contributors to ethereum’s scalability roadmap.

Ethereum has blobs. Where do we go from here?

vitalik.eth.limo/general/2024/0…

Hundreds of millions available for contributing to open source code, communities, processes, and culture

This should probably be shouted from the rooftops, the sheer scale of this program is unprecedented

This is why stablecoins will win

This is the right sort of ambition for rollups!

This is a great advertisement for launching a chain on @optimism. Everything you need to bring your business and your users onchain.

Security, scalability, community, rewards, and a profitable business model all in one :)

Over the last 6 years ETHGlobal has brought over 100,000 developers into the ethereum ecosystem

Now, the plan is to dogfood what our industry has built, and move as much of the platform onchain as possible

FYI... the OP Stack specs repo contains all of these:

🧾 Protocol for permissionless fault proofs
👨‍⚖️ Protocol for L1 access to external data via Plasma
🌉 Protocol for 2-step L2 EVM interoperability

And it's 100% open source and uses Github issues.

specs.optimism.io

The base fee on Base 🛡️ is spiking right now!

In other words, the chain is seeing an exponential growth in demand.

Exciting stuff, but it also means to sustain this level of demand that now we’ve got to scale the compute layer of the OP Stack.

tired: there is a Base 🛡️ cabal

wired: the Base 🛡️ cabal is 125k+ people in /base on Farcaster because we've spent the last year building an open, global community of the world's best builders on the preeminent onchain social network

About a week later and we’re still seeing fees lower than 1 cent per transaction on Optimism!

Meeting prep is an under-appreciated art form