gm Bankless Nation, the Ethereum community is deep in conversation over the network's rollup-centric vision for scaling. Today, we dig into how based rollups fit into the chatter.
gm Bankless Nation, The Ethereum community is deep in conversation over the network's rollup-centric vision for scaling. Today, we dig into how based rollups fit into the chatter.
Today's Issue ⬇️
☀️ Need to Know: BUIDL Stablecoin? Ethena builds on Blackrock's crypto fund.
📸 Daily Market Snapshot: Crypto's rate cut pump is trending flat. Last week's rapid transition to bullish price action has hit a ceiling, with prices for ETH and BTC largely holding steady since Monday morning. Meanwhile, altcoins are largely outpacing the majors, with nearly one-half of the top-100 tokens climbing by 10% or more on the week, led by Ethena's ENA, which is up 45%.
Prices as of 6pm ET
24hr
7d
Crypto $2.28T
↗ 2.3%
↗ 4.6%
BTC $64,992
↗ 2.3%
↗ 3.2%
ETH $2,638
↗ 2.1%
↗ 7.0%
SOL $155
↗ 3.6%
↗ 9.0%
🟢
New Token Rating: Solana may be up over 30% off September lows, but these gains pale to those enjoyed by crypto’s latest crop of alt L1 tokens. Why could SOL underperformance ignite a crisis of confidence for investors?
Scaling Ethereum has been one of the most discussed challenges in crypto. To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions but still keep Ethereum’s security.
We now have optimistic rollups like Arbitrum, OP Mainnet, and Base alongside zk-rollups like ZKsync, all contributing to Ethereum's growth. They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.
This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and ETH.
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Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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