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Is it possible to get an L1 blockchain off the ground without spending ~$500m/month (or more) on token incentives?
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timeline in a nutshell 😁 except L1s are a lot more valuable than restaurants
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Fastest growing L2s, based weekly growth (%) in L1 to L2 deposits:
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based on this, @CelestiaOrg seems to be heading in the same direction as ethereum, i.e. trying to be everything at once?
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Jito 1) has its own token, investors & incentives 2) generated more fees than Solana in the past month If Jito's revenues continue to increase 1) new competitors will emerge 2) each with their own set of investors & incentives = current Ethereum L2 scenario
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