ism.eth
@ufukaltinok
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Introducing:.Same Same but Different: Tokens of Gratitude. What you see below are fully onchain procedurally generated PFPs with 4096 bits of DNA. Initial release (Frontier) of 1024 TOGs will be auctioned and proceeds will go 100% to @ProtocolGuild .long đ§ľ:
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Arbitrum is Ethereum.Optimism is Ethereum.ZKSync is Ethereum .Starknet is Ethereum.Taiko is Ethereum.Polygon ZK is Ethereum.Scroll is Ethereum.Base is Ethereum.Fuel is Ethereum .Aztec is Ethereum.
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We renamed rollups to ZkCompression so that our marketing team doesnât have to delete old tweets.
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Change my mind: L2s didnât need tokens at all. ETH is the token, they could have used conviction voting with ETH for governance.
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Hey @aeyakovenko, I was just able to watch your debate with @drakefjustin. At last point you claim that Solana is still 10x cheaper than L2s. Yesterday, Base was 3.33x cheaper on median fees and 7.95x cheaper on avg fees than Solana. Just FYI.
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Ethereum surpassed Ethereum in Ethereuming.
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If you ask about Ethereumâs development speed, most would describe it as moving at a turtle's or sloth's pace. But whatâs happening right now reminded me of the famous story about Michelangelo:. For the past 5-6 years, an immense amount of effort has been dedicated to Ethereum
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I donât know how Toly doesnât see it. But itâs very simple:. 1- L2s are profitable. 2- Due to 1, L2s will do everything they can to bring the world onchain. 3- Any L2 that doesnât use ETH as base currency will go to L2 graveyard. 4- If we even get to hundred millions using ETH.
This is a mind virus, destroy this part of the brain:. âL2s increase the monetary premium of the shared economic security asset. This is good engineering that everyone should be trying to replicate and beat:. â
Ethereum has 4 clients and a massive pos network, so its impossible.
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I've been calling this out for quite a long time. >95% of all Solana validators are KYC'd SFDP participants. One can say SF is running >95% of the validators.
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End game for rollup centric roadmap:. * Under 1s ZK proofs.* Finalized state roots every slot.* Single slot finality.* Shared asset bridge. Perfect composability, unlimited scale. IYKYK.
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So highly optimized Solana cluster with 40 nodes is able to max out at 32k tps for simple transfers. Simple transfers on EVM are 21000 gas, Nethermind did see 1415 mgas/s on mainnet state. That translates to 67k tps for simple transfers. That is with full MPT calculations and.
Xolana cluster maxed out. 40 Nodes, 32 stakes validators (all community nodes). (optimizations - voting thread hog fixed, banking threads at 24) @aeyakovenko
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Solana validators banning entire /24 CIDR blocks to cope with congestion is quite crazy. Wen /16?.
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6578! Six thousand five hundred seventy eight!. Thatâs how many ETH transfers youâre able to do on Base with just $1.
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Another terrible take. Having more L2s is the only way to scale to billions. Parallel execution is not a solution for state contention and weâre seeing this live at Solana land. Having a single state is same as having a single core cpu. When you have L2s you have multi core and.
Strongly believe Ethereumâs endgame should be one giant rollup with parallel execution. Long tail of appchains is fine, but short-tail is best served by one parallelized execution environment that resembles Solana. The longer it takes to get here, worse off Ethereum will be.
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@Christophepas I first read right one and after left one, after reading right first, left felt a lot faster. I wonder if thereâs a bias towards reading left first in test subjects which results in feeling the called effect.
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In conclusion:. * Ethereum making a great progress towards the 10m tps/s goal. * L2s needs to step up their execution game. * We're almost ready to onboard billions onchain. My prediction:. In 2025, L2s will have >10x more transaction volume than all other chains combined.
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Megafork might be really happening. If everything goes well and nothing removed, this will be one of the most impactful hardfork ever!. EOF:.* sc devs: no more stack too deep, no more spurious dragon (24576 bytes limitation).* evm compilers: a lot easier optimization paths. *.
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How much gas per second L2s needs to get to similar adoption and transaction volume levels as Solana while having as low or lower fees: .đ§ľ.
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@aeyakovenko @_weidai So when my mac uploads files to icloud and stores only descriptors on my computer to save space, itâs compression? . âApple Compressionâ.
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@aeyakovenko @_weidai Thatâs marketing for users not devs, devs should/must know whats actually happening under the hood. Solana marketing just doesnât want to use the word ârollupâ because previous marketing was shitting on rollups relentlessly. đ.
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Can you guys please focus on what's happening here? . EVM doesn't scale my ass. GIGAGAS Baby!. Amazing work by @NethermindEth team! đđ
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@_weidai @aeyakovenko Compression is definitely misleading word of choice. I donât understand what is the reasoning? I mean, you want to have devs external to your ecosystem to come and build stuff but youâre using wrong terms to confuse them⌠weird choices.
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Strongly against ENS choosing any L2s. If ENS have to be migrated to an L2 either it should be its own L2 or not migrate at all. And if it does migrate it should not choose any stack from an existing ecosystem and build its own. ENS is a crucial component of Ethereum and it.
Introducing ENSv2: The Next Generation of ENS đđđ. ENS Labs is excited to announce our proposal to extend the ENS protocol to a Layer 2 network. This move isn't just about migrating parts of the protocol; we're re-envisioning the architecture from the ground up!
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Even with all unknown clients marked as geth,weâre now below critical 66.6% threshold! đđđđđ. Thanks to everyone who made it happen! Now letâs go below 33%. Geth devs and EF devops you all are heroes, kept the most important network up without any downtime for so long.
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@aeyakovenko @Austin_Federa @cburniske Waking up to a new morning and after coffee, I see I made a mistake and it's due to many things: .* Solscan reporting wrong data which matched my queries on Bigquery side. * dune query having old data and I was checking recent days.* running my own dune queries on recent data.*
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My crypto adoption dashboard got an update:. Added: Linea, Polygon ZKEvm, Aptos and Tron (basically all chains that Dune has). Also now we have combined stats for Ethereum L2s. I've added this to have a better view on active users. If a user is using multiple L2s, it will still
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Yesterday I made a mistake and many of my new followers reposted that mistake, I need to own it and correct it. Apologies:.
@aeyakovenko @Austin_Federa @cburniske Waking up to a new morning and after coffee, I see I made a mistake and it's due to many things: .* Solscan reporting wrong data which matched my queries on Bigquery side. * dune query having old data and I was checking recent days.* running my own dune queries on recent data.*
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Thereâs a play that could be made by Coinbase that both scares me and excites me. They can subsidize Base fees fully up to 10 transactions per day, for a single wallet linked with Coinbase account. (1 to 1) And this might be coming just after Dencun. Wdyt?.@jessepollak.
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@Austin_Federa @cburniske @aeyakovenko Okay, you made me check the dune query. The query use a very naive approach to separate base fees and priority fees. From there it calculates fees based on required_signatures field which is totally wrong because fee field is already the full amount, no need to multiply. As
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While I agree with @aeyakovenko that there should be more experiments in blockchain design space, I humbly suggest that:. 1- You should be open and transparent with your design choices. - What corners did you cut to achieve your goals. - Where do you position yourself in.
@TrustlessState Alt L1s have the privilege and opportunity to do all the things ethereum canât. Given that 4 years since solanaâs launch eth + all of its L2s still donât account for much overall load in crypto, itâs been worthwhile to explore all the other design options.
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@base Guys, let me remind you: youâre an L2. You donât need to run on raspberry pi. Put 2 tb ram, 32c high frequency cpu and chug along. This was the purpose of L2s. You will be limited by blobspace anywayâŚ.
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In systems engineering, when you don't optimize for the worst case you end up implementing quirky solutions like SWQOS. Not having proper fee mechanism to handle congestions leads you to shift fee payments from users to Apps (through RPCs). RPC providers now ask exorbitant.
Intro to Stake-weighted QoS (Quality-of-Service) in @solana . đđđđđđđđđđđđđđđ. Stake-weighed QoS (Quality-of-Service) is an implementation feature which, when enabled, allows leaders (block producers) to identify and prioritize transactions proxied through a
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Just Arbitrum and Base has more DAU than Solana. Ethereum is scaling.
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On Solana congestion and âfailed transactionsâ:. (this post has been refined by ChatGPT; the original . draft version can be found in the replies). There are widespread misunderstandings linking "failed transactions" to network failures. It's important to recognize that all.
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Can anyone explain what's going on here? You know I have a crypto adoption dashboard that filters out accounts that does >100 txs a day. I wanted to check accounts that did 95 to 100 txs a day to see if there's any account that looks like human activity but I'm filtering out
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@peter_szilagyi As a community member I appreciate that you speak out your thoughts, concerns and feelings. Also forever grateful for all the hard work! Yes, maybe it was a bit harsh but in the end we might end up in a better place. Thank you.
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Hmm I wonder what important date is just couple days before this? đ¤.
â ď¸The London Stock Exchange decided to open crypto ETN products for trading on May 28. âReuters.
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Iâm requesting @base to increase gas targets 10x to 25m gas/sec. If BNB chain is able to target 46m gas/sec, @base can easily handle with the same software. @jessepollak.
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@rajatsonifnance Staking reward is not an interest, just like mining btc is not interest. You do a work and you get paid for it. To your second question, whoâs getting diluted ETH holders or BTC holders?:
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I⌠Fuckin⌠Love⌠Ethereum!. If one day weâre able to satisfy these 2 conditions simultaneously, universe can rest in peace:. - Scalability that provides cheap access for 8 billion.- Decentralization properties that satisfy @peter_szilagyi and @MicahZoltu
This is such a lazy take if you can't also tell me what your supposed solutions are that let local block producers extract MEV. For everyone who hates so much on Mevboost now. In 2022, before the merge, we talked to Flashbots what their plans where. They said that they would.
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Once again: I. Fckin. Love. Ethereum!.
Grats @dankrad @peter_szilagyi you got me to interrupt my work on EIPs and make a twitter response that turned into an unscheduled poast đ.
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If you have any questions about sincerity of Justin, I recommend you to watch sequencing and preconfirmations call #7.I have 0 doubt about his commitment to make Ethereum better.
I recently became an advisor to the EigenFoundation. I feel the community deserves transparency so here is an extended disclosure :). 1) The advisorship comes with a significant EIGEN token incentive which could easily be worth more than the combined value of all my other assets.
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Iâve been talking about this a lot. L2s have to switch away from L1 mentality on scalability: you donât need to be constrained by single box once you offload validation to your beloved L1. What this means? L2 ânodesâ are no longer a single machine but a cluster of machines that.
@ercwl state bloat is a crypto problem induced by our inability to think beyond 1 machine, true until very recently. in cloud where multi tenancy is a thing, storage is infinite and io is split across multiple machines.
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@0xCygaar I'm planning to use some simple analogies to explain why Ethereum chose its current roadmap. Recently, I explained the rollup vision to a group in my native language. I used the analogy of the Supreme Court (L1) and district courts (L2s) to illustrate how this approach enhances.
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If you start a new chain with Nethermind, you can advertise as 67k tps chain. (if you want to be as deceptive as chains that advertise transfer benchmarks). 1415000k/21k = 67380
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Repeat after me: EIP-1559 is a UX upgrade and fee burn is the side effect.
@antiprosynth Interesting! Thanks for the correction. I'd still push against the idea that we should still be talking this much about EIP-1559 and burning, though. I wouldn't even reply the tweet w/o the growing sentiment that the "ETH burn" narrative is something that we could use less of.
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One key difference between firedancer and reth is due to Ethereum having L2 landscape. FD cannot bring performance improvements to Solana because whole network will need to run at the slowest clientâs speed. However reth can and will bring performance improvements to Ethereum.
Reth is kind of like ETHâs firedancer is it not ?.
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If these doesnât excites you more than an ETF, weâre not built same.
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This is HUGE! 250MGas/s sustained roughly translates to 1445 TPS considering last month's average gas usage per transaction at all evm chains. This is not very meaningful for L1 but when we think about L2s, they will be able to push to these limits. So let's check how much
A bit late to GGas party but @NethermindEth update. Lets start with current numbers. Today master. Average, sustained 250MGas/s achieved by @ben_a_adams on his Ryzen 9 7950X and Samsung SSD 990 PRO. Peek over 600MGas/s
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@RyanSAdams At least Avalanche is doing it openly unlike Solana VCs pumping memes at Solana. Just look at unlock dates and pump dates. Itâs so obvious.
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@Austin_Federa So you choose to confuse devs instead:.
@aeyakovenko @ufukaltinok @_weidai I respect you enough to believe you know what youâre talking about, and tbh lack the knowledge to understand why that patent is relevant to the current âcompressionâ discourse, so gonna just dip out as this is âabove my paygradeâ. I just chimed in because I felt disappointed and.
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@cburniske @Austin_Federa Chris, youâre a researcher, the above data is wrong and you should already know it. Solanaâs daily fees are around 400 SOL in the last weeks. I can understand why @aeyakovenko post that chart while knowing itâs not correct but not you.
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I kind of love how this guy can troll right and left, up and down, hot and cold.
Today is a special day because today I add a cube from @bradmillscan to my tungsten cube collection! . Brad: There's a QR code in the bottom right corner. It's an LN invoice to my non-custodial Lightning wallet (Phoenix) for you to pay your cube, as agreed. HAPPY NEW YEAR!
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The first thing I will ask GPT4o is to dial down the cringiness.
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Base should be eventually a based rollup, it just makes sense đ.
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So Laaaaaaa Naaaaaaaaaaaaaaaaaaa.(sorry not sorry, watch till the end)
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@Austin_Federa Compression is encoding a data by using fewer bits than the original representation. Storing validity provable pointers to the data is not compression.
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As I predicted, rollout of 1.18 (currently at around %9 of total stake) is increasing median and avg fees at Solana while decreasing total transaction number. Good for actual Solana users as they will be able to get more predictable inclusion with priority fees as with 1.18
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Arbitrum: Gigachads
On March 22, our Offchain Labs team disclosed privately two serious vulnerabilities in the Optimism fraud proof system. Details:
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These results show that we need to rethink blob pricing. I think:. 1- blob target should be dynamic based on previous (x) slotâs blob usage and it should target total size instead of count. (currently targets 3 blobs = 384kb). 2- blob size should be also dynamic, 128kb proved.
New post "Blobs, Reorgs, and the Role of MEV-Boost" is live on EthResearch. One observation is that MEV-Boost users are less often reorged and can handle 6-blob-blocks way better than vanilla builders. Not surprising, but still good to confirm.
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@0xMert_ @CryptoCraeg Mert you post these data related to transaction count/tps whatever every time someone talk about adoption. Then I show somewhere else how 95% of all those transactions are bot transactions and you come and say, âitâs not important, Iâm talking about networkâs capabilityâ. Are you.
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Why withdrawals are taking very long time from CEXs to Solana when the network is congested:. TLDR: Exchanges need to wait for 151 slots before retrying a withdrawal transaction. With the current average slot time of 471ms, each retry takes approximately 72 seconds. I've noticed.
On Solana congestion and âfailed transactionsâ:. (this post has been refined by ChatGPT; the original . draft version can be found in the replies). There are widespread misunderstandings linking "failed transactions" to network failures. It's important to recognize that all.
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Unfortunately, it seems EOF is not happening in Pectra đ. I still think EOF is super important and we should delay Pectra to 2025 Feb-Mar if necessary and include EOF and PeerDAS in a mega fork. Verkle is a huge fork and it will require so much focus. @TimBeiko.
Itâs time! EOF âĄď¸ Pectra. âEOF simplifies compiler development - for us and in general - significantly, and evidence so far indicates that we can expect improvements in all applicable metrics. I can't overstate EOF's benefits in decreasing the overall complexity of code.
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@Austin_Federa My dear Austin, itâs not compression⌠it wasnât compression for NFTs, itâs not compression for state. You donât compress it, you just move to somewhere else.
@aeyakovenko @_weidai So when my mac uploads files to icloud and stores only descriptors on my computer to save space, itâs compression? . âApple Compressionâ.
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đ¤Żđ¤Żđ¤Ż.(toly style).
For high-end consumer hardware, the upcoming Nethermind client v.1.27 averages 700 MGas/s with peaks over 1 GigaGas/s! . Logs include useful information like gas prices ranges for the block đ
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@0xMert_ @CryptoCraeg No, what I'm trying to tell is simple, raw transaction count is not a metric of adoption. Yesterday, top 1000 accounts at Solana made the 85% of the whole transaction volume, highest transactor did more than 3.5m transactions. (most failed of course). Frankly same for DAU as we
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@chainyoda Itâs not hard to see what are the most important verticals going forward. - execution.- zk proofing. BigCrypto VCs are quite smart, they see the end game and they play. Most think that L1 investments are for the chain itself, itâs actually an investment to the teams that excels.
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Solana fees now fully in validatorsâ control, validators can now artificially increase fees as they like. Because thereâs no more burn of priority fees. Solana printer go brrrrrrrrrr.
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@0xMert_ @aeyakovenko @drakefjustin I just put current data, as Toly claimed it's 10x cheaper on the podcast. I didn't claim that it can currently retain the fees if it gets similar traffic volume. (I think it will get there anyway.).
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@aeyakovenko @0xMert_ First let me correct your calculation (not that it's super important):. With the current usage, a hardware that can have relatively low skip rate costs around $500 to $700. But that doesn't account for the bandwidth. AFAIK, a medium stake validator on Solana uses 350mbit to.
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@0xCygaar I threw into GPT4o, not bad translation. đ Here:. Let me explain why Ethereum chose a rollup-centric roadmap instead of a monolithic architecture, using an analogy. Think of blockchains as courts. In this analogy, Layer 1 (L1) is like the Supreme Court, while Layer 2 (L2).
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Good thing is, I woke up, and didnât have to do anything after seeing news. Yeah being allocated >93% in ETH sucked for the past 9 months but itâs comfy.
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Explain this and I'll explain the arbitrum's DAU increase. @0xMert_. (I will explain anyway as once I see something wrong I cannot not tell, even if it will hurt me to do so).
Can anyone explain what's going on here? You know I have a crypto adoption dashboard that filters out accounts that does >100 txs a day. I wanted to check accounts that did 95 to 100 txs a day to see if there's any account that looks like human activity but I'm filtering out
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My thoughts on Ethereum monetary policy debates. 1- Ethereum is a living organism, and Iâm not opposed to change. 2- This issue is scientific; therefore, it should be approached scientifically.
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@ticktradetick Community that has conviction for the project locks ETH for x years, team uses as collateral for development in a very safe range, lockers get revenue share %.
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I hope we could stop talking about what tradfi thinks, do or execute but envision what future will look like. Provenance and uniqueness will be the only important traits that human will be left with when every repeatable process will be done by non-humans. Once weâre there,.
Many TradFi giants will prefer $ETH over $BTC because it's a productive asset with tangible utility and better SoV fundamentals (deflationary + yield). JP Morgan, Vanguard and BlackRock have already signaled this sentiment. These guys will drive mainstream narratives about.
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@SavvyShredder 100s of alt-L1s with different wallets, gas tokens, apps doesnât create mass confusion but L2s create⌠Okay.
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@0xMert_ 1- L2s will be always more profitable than L1s, it's due to efficiencies and simple physics. (If you replicate same computation 1713 times, you're not efficient). 2- Airdropping tokens doesn't mean much, but supporting artists, creators, builders immensely with said profits, will.
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@aeyakovenko @0xMert_ @drakefjustin Why? Every single L2 can have as big pipe as Solana. (actually even bigger).
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Yay! Filters on So quick, kudos @emilianobonassi
@emilianobonassi Yeah, would be great to have filters: L2s only, L3s only, Blobs only etc. Testnets also why not :).
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@KyleSamani @eawosikaa @0xMert_ @aeyakovenko No Mr. Solamani, no⌠Core devs are heads down building what we really should be building instead of some mere approximations of it. How we know this? Because unlike others theyâre doing it all out in the open:. - Research developments are openly documented on.
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EOF is more impactful than Verkle for greater Ethereum ecosystem. **ducks**
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When you see the comments under this and see most ask which token to buy for this trade. You hate it so much but itâs ETH my friend.
coinbase has 100M registered users, they are building a native smart wallet that allows normies to trade on chain seamlessly without storing any seed phrase or PW or any of that. they have their own L2. what about this trade setup is hard to understand?.
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Now that fees are non-issue, reason to hate Ethereum shifts to training wheels. I urge Ethereum haters to find their next target as training wheels also coming off. Anyone complaining about bridging is purposefully dishonest, if theyâre already using alt l1.
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I believe it will take less than 5 years to get there. Even @VitalikButerin is not bullish on tech as meâŚ.
@ArthurB @zengjiajun_eth IMO in 10 years, all rollups will be ZK and will commit blocks with finalized state roots to L1 every slot. It will take a lot of infrastructure and prover optimization to get there, but that's the clear endgame.
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@jessepollak @base @roberto_bayardo OpBNB targeting 100m gas/sec btw, I assume itâs the same stack. 2.5m/sec is same as mainnet. Please donât miss this chance while theyâre rushing to Base. Fees are getting already high because of this very low gas target.
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