Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Hamza2424 on September 26, 2024, 10:45:48 PM
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Hi buddies,
Hope so you guys are doing well, I'm starting a new direction of topic on ETH's ecosystem where ETH disappointed us and even SOL is doing well at the same time, what are your current stands on the L2's on the ETH, I know there are many projects but from them in top 300 which projects look promising in the direction of getting retail attention and community traffic, based on the Dapps.
AS you all know the L2's performed a little well in the first half of the year but when we compare it to the SOL's ecosystem projects like RWA-based ones, it seems like L2s are nowhere, I was super confident on L2's like Matic which not L2 now ARB, OP and some other projects like ZK, Linea but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?
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It's after the airdrop that we see whether a network has a good future or not
some of them are still strong and buoyed by the expectation of airdrop, such as Scroll and Linea
ZKsync has lost a lot of volume and other networks like OP are generating a lot of volume because of indirect airdrops from OP.
the case of Polygon is very curious, everything is working, there have been no problems, and the price has not kept up with the movement
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I like L2s, and I like to think best is yet to come especially in the case of OP, ARB and ZK.
OP stack has made it easier to launch L2 and IMO we'll see more companies joining the wave to create their own L2s similar to Coinbase's Base and Sony's Soneium, further strengthening the OP ecosystem and Ethereum itself.
I'm not updated with ARB ecosystem, but they are having trust of community as Arbitrum has highest value locked amongst all layer2s [1].
ZKSync's paymaster feature to pay fees in any token is really handy, until there is layer 2 or blockchain that is feeless this'll do.
[1] https://l2beat.com/scaling/tvl
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the case of Polygon is very curious, everything is working, there have been no problems, and the price has not kept up with the movement
I think they failed to generate hype because people are attracted to airdrops and farming nowadays, so a simple rebranding or token swap is not going to improve their trading volume. I don't think it's surprising since most rebranding doesn't necessarily generate new interest, especially when retail traders believe the network doesn't change that much. CMIIW.
The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use. Anyway, while I agree that the crypto market moves really fast, I think it's worth giving some time to L2 projects to grow more and see if they shape the ecosystem meaningfully or not. Short-term hype is not really sustainable IMO.
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I've said it many times, but there are too many ETH L2 out there. Many of them offer similar feature (such as fast confirmation, low TX fee or rich/token NFT support). On top of that, many of them are centralized or have questionable decentralization, where Vitalik will only mention non-centralized L2[1].
[1] https://www.coindesk.com/tech/2024/09/12/ethereums-vitalik-buterin-amps-up-pressure-on-layer-2-networks-to-decentralize-further/ (https://www.coindesk.com/tech/2024/09/12/ethereums-vitalik-buterin-amps-up-pressure-on-layer-2-networks-to-decentralize-further/)
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the case of Polygon is very curious, everything is working, there have been no problems, and the price has not kept up with the movement
Hmm, Yup buddy nothing to worry about with the music coin but the price momentum is a little bit concerning, anyway in my views except base there's not much potential in any other chain to bring the traffic in the community. As far as I know, ZK can boost its performance but it needs some other marketing strategy as for the earlier most of the traffic was due to the airdrop community.
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the case of Polygon is very curious, everything is working, there have been no problems, and the price has not kept up with the movement
Hmm, Yup buddy nothing to worry about with the music coin but the price momentum is a little bit concerning, anyway in my views except base there's not much potential in any other chain to bring the traffic in the community. As far as I know, ZK can boost its performance but it needs some other marketing strategy as for the earlier most of the traffic was due to the airdrop community.
I received a good amount of tokens from ZK sync and I'm grateful
I am still using zk to lend some eth in Zerolend, but after the airdrop most people including me, migrated the money to another chains
It's not hard to know that people are chasing airdrops heheh, Linea and Scroll are the next ones and they are delaying due to this
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I like L2s, and I like to think best is yet to come especially in the case of OP, ARB and ZK.
OP stack has made it easier to launch L2 and IMO we'll see more companies joining the wave to create their own L2s similar to Coinbase's Base and Sony's Soneium, further strengthening the OP ecosystem and Ethereum itself.
I'm not updated with ARB ecosystem, but they are having trust of community as Arbitrum has highest value locked amongst all layer2s [1].
ZKSync's paymaster feature to pay fees in any token is really handy, until there is layer 2 or blockchain that is feeless this'll do.
[1] https://l2beat.com/scaling/tvl
I am also agree with you. Because i am also like Ethereum L2. We know that ethereum is the second position crypto in cryptocurrency market. Ethereum L2 popularity will spreads in all over the world. But another we saw in cryptocurrency market, we know that ethereum also disappointed us, but we also saw that SOL is give us light of cryptocurrency world. So we must understanding in this moment, ethereum L2 comes very well and we must benefited from it.
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Hi buddies,
Hope so you guys are doing well, I'm starting a new direction of topic on ETH's ecosystem where ETH disappointed us and even SOL is doing well at the same time, what are your current stands on the L2's on the ETH, I know there are many projects but from them in top 300 which projects look promising in the direction of getting retail attention and community traffic, based on the Dapps.
AS you all know the L2's performed a little well in the first half of the year but when we compare it to the SOL's ecosystem projects like RWA-based ones, it seems like L2s are nowhere, I was super confident on L2's like Matic which not L2 now ARB, OP and some other projects like ZK, Linea but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?
Some Layer-2s may have virtually no users or TVL, but that doesn't necessarily mean they're failing. The total TVL of Ethereum Layer-2s is around $38.5B, indicating the appeal of these ecosystems: users can experience Ethereum's security with extremely low fees and high speeds.
Over time, most Layer-2 projects will either vanish or be acquired by larger Layer-2s. This is an inevitable part of market evolution and sets the stage for the Layer-2 trend explosion in this cycle. I still consider it a significant trend worth investing in, and I'm holding a few Layer-2 native tokens in my portfolio.
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Some Layer-2s may have virtually no users or TVL, but that doesn't necessarily mean they're failing.
What does it mean then?
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The last time I used L2 projects, my biggest gripe was the bridging fees.
same here i mean i know the ethereum gas fees are really high and the bridging fees became even more so for those who are not so tech savvy all these layers and all this bridging may be too complicated for them even i had a hard time at first navigating around but i think this just shows how much development the community is making
Hopefully, it does get cheaper regardless of what L2 we use. Anyway, while I agree that the crypto market moves really fast, I think it's worth giving some time to L2 projects to grow more and see if they shape the ecosystem meaningfully or not.
yeah i don’t think we should expect them to magically change or solve all the issues from the l1 so we should wait for more and see if it is actually effective or just unnecessary
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What does it mean then?
Locked tokens will contribute to increasing the price during certain periods when there is a closure by affecting liquidity, and thus the currency will be stable and suddenly fluctuate and then stabilize, just like the pattern of most altcoins, but as long as the project stops developing and is weak in terms of demand, we can say that it has turned into a dead currency.
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another address.
Some Layer-2s may have virtually no users or TVL, but that doesn't necessarily mean they're failing.
What does it mean then?
TVL means Total Value Locked. It means total ETH locked, which used on the L2. Although i believe low user/TVL on L2 that has been launched for some time as sign of failing.
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another .
Currently the fees on the ETH network have improved considerably
I have already paid 50 dollars for an eth contract on Eigen Layer
but it's demand and demand, sometimes the network peaks and it's hard to save on fees
on a day-to-day basis you can find better times to pay fees, especially for bridges
I've paid 20 dollars for a zksync bridge, but I've also paid 2 dollars for Scroll.
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another address.
I don't know why people use Ethereum to bridge in first place, there are plenty layer2s available, bridge in-between them, you'll pay significantly less.
If you don't have funds on layer 2 networks, then convert your BTC/DOGE/LTC (as long BTC fees are doable, and whatever other cheap crypto you got) to Optimism/Arbitrum/Polygon via instant exchanges and then bridge to other chains from these layer 2s.
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I don't know why people use Ethereum to bridge in first place, there are plenty layer2s available, bridge in-between them, you'll pay significantly less.
If you don't have funds on layer 2 networks, then convert your BTC/DOGE/LTC (as long BTC fees are doable, and whatever other cheap crypto you got) to Optimism/Arbitrum/Polygon via instant exchanges and then bridge to other chains from these layer 2s.
some airdrops have a requirement or multiplier to make an official bridge, which most of the time has to be made from the ETH network to the coin network (l2), so many people use this type of bridge
Other times it's easier to make l2-to-l2 bridges, for example using Jumper Exchange or Stargate
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another address.
Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another address.
Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.
Airdrop farming is one big reason why bridges are used, people speculate on L2s itself having airdrop or the projects living therein, and to get funds there, user must use bridges.
If L2 is new then it might not be having support of third party bridges yet and official bridge may be having only Ethereum as base bridge option or there may be rewards for making bridge from Ethereum — as comment prior to yours mentioned, hence people do it.
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another address.
Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.
Airdrop farming is one big reason why bridges are used, people speculate on L2s itself having airdrop or the projects living therein, and to get funds there, user must use bridges.
If L2 is new then it might not be having support of third party bridges yet and official bridge may be having only Ethereum as base bridge option or there may be rewards for making bridge from Ethereum — as comment prior to yours mentioned, hence people do it.
Do you think that in the future the price of bridges will change?
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The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.
Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker (https://etherscan.io/gastracker), they estimate fee for bridging is about 5.5x higher than sending ETH to another address.
Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.
Airdrop farming is one big reason why bridges are used, people speculate on L2s itself having airdrop or the projects living therein, and to get funds there, user must use bridges.
If L2 is new then it might not be having support of third party bridges yet and official bridge may be having only Ethereum as base bridge option or there may be rewards for making bridge from Ethereum — as comment prior to yours mentioned, hence people do it.
Do you think that in the future the price of bridges will change?
I don't think 'price' is correct word.
Anyway, bridging between L2-L2 is already cheap, From Ethereum bridges are expensive solely due to Ethereum network being expensive, Ethereum scales and users will pay less. There may be some bridging fee from bridge provider but it's usually too less that it's not even worth mentioning.
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The thing about Solana's network is that it could go down like a website if it is having a bad day. Specifically, if the central server stops working properly. So I don't like it at all.
At least with Ethereum you have some sort of decentralization, despite it being severely weakened by Proof of Stake. But Solana just throws all that out the window and makes a joke out of it.
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Hope so you guys are doing well, I'm starting a new direction of topic on ETH's ecosystem where ETH disappointed us and even SOL is doing well at the same time, what are your current stands on the L2's on the ETH, I know there are many projects but from them in top 300 which projects look promising in the direction of getting retail attention and community traffic, based on the Dapps.
AS you all know the L2's performed a little well in the first half of the year but when we compare it to the SOL's ecosystem projects like RWA-based ones, it seems like L2s are nowhere, I was super confident on L2's like Matic which not L2 now ARB, OP and some other projects like ZK, Linea but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?
Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments. What are your predictions about Linea?
Many people are using the optimism network too it still has hype and ARB is now being considered a trendy coin to invest money in the long term but we should look for other options too like deep AI and gaming but what projects are good in these fields in your opinion?
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Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments.
I participated in one of their community activity and burned more or less the same money. Decided that was enough and stopped caring about them. How many programs you've participated and how many points you earned from that? I'm pretty sure the number of participants was also very high so it's likely we'll get less than $500 if they do distribute the tokens.
Do you think that in the future the price of bridges will change?
It will change if the market doesn't use them at all. I hope we don't need L3 just to solve that issue.
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Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments. What are your predictions about Linea?
Linea has already extended its campaign to farm us a lot :P
Along with Scroll, they are the two big networks that haven't launched their token yet and probably will by the end of the year, this is my bet
I hope they manage to launch TGE at a good time, with BTC at 65k or more so that they can get a good TVL
I'm trying to do as much as possible to try and get a good airdrop, as it will be quite diluted, both
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but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?
You're chasing the hype!
While L2s might be a thing nobody needs for some coins Deep-AI is just a buzzword, why and how would a token or coin even be related to anything like AI?I even had a topic about it:
There is no such thing as AI coins, sorry, but there is not! (https://www.altcoinstalks.com/index.php?topic=321697.msg1564496#msg1564496)
As for RWA, it's just a repeat of the so-called utility tokens, why would you need something of value while tokenizing assets in different values than the main chain, it's like the shares of Robin Hood would influence the shares of Tesla....
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Linea has already extended its campaign to farm us a lot :P
Along with Scroll, they are the two big networks that haven't launched their token yet and probably will by the end of the year, this is my bet
I hope they manage to launch TGE at a good time, with BTC at 65k or more so that they can get a good TVL
I'm trying to do as much as possible to try and get a good airdrop, as it will be quite diluted, both
I know they have extended the campaign but I am not participating more because they are taking so long and extending the campaign and increasing the allocation is a sign that we won't get high returns on our investments and time. You are right we should make transactions and swaps on Scroll too It is a good network with a good purpose and they having no token is a bonus for us. We can get good rewards from Scroll too.
I also hope they list it in good market condition and I am pretty sure they also want the same thing but I hope they won't get greedy to find the best time and lose what they have now. I just stopped participating in Linea due to extensions but if any bullish news comes I might start participating again.
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Hope so you guys are doing well, I'm starting a new direction of topic on ETH's ecosystem where ETH disappointed us and even SOL is doing well at the same time, what are your current stands on the L2's on the ETH, I know there are many projects but from them in top 300 which projects look promising in the direction of getting retail attention and community traffic, based on the Dapps.
AS you all know the L2's performed a little well in the first half of the year but when we compare it to the SOL's ecosystem projects like RWA-based ones, it seems like L2s are nowhere, I was super confident on L2's like Matic which not L2 now ARB, OP and some other projects like ZK, Linea but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?
L2's on ETH will be just fine.
They don't need to get hyped just to stay popular. The fact that they're on the top 100 in terms of market cap consistently is I guess enough to say that there are still many investors that are supporting the project and on the other hand, most of the top L2 projects right now is constantly developing just to stay afloat.
You mentioned the term "AI" yet again, and until now, I'm still curious on which tokens fall to that category because TBH, all of those "AI" coins aren't really AI-related at all ut instead, used the popularity of AI again just for the company to stay relevant hence, increase more users.
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I know they have extended the campaign but I am not participating more because they are taking so long and extending the campaign and increasing the allocation is a sign that we won't get high returns on our investments and time. You are right we should make transactions and swaps on Scroll too It is a good network with a good purpose and they having no token is a bonus for us. We can get good rewards from Scroll too.
I also hope they list it in good market condition and I am pretty sure they also want the same thing but I hope they won't get greedy to find the best time and lose what they have now. I just stopped participating in Linea due to extensions but if any bullish news comes I might start participating again.
Most of my money in Linea are in ZeroLend, stargate and Mendi
I'm not doing tons of things, since I already did a lot of txs, contracts and Nfts
I think a reasonable return is something like 10x of your spend in Linea
They can distribute based on LXP and them doing some multiply in number of months, txs etc
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10x return sounds too good to be true considering how many people participated in the Linea campaign. Is there any breakdown of how many tokens can we get for each point? I don't really want to spend another hundred dollars in fees to farm more points to convert my tokens. Feels like they're trying to farm more transaction fees instead of building a working ecosystem. I really hope that won't be the norm for L2 projects in the future.
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10x return sounds too good to be true considering how many people participated in the Linea campaign. Is there any breakdown of how many tokens can we get for each point? I don't really want to spend another hundred dollars in fees to farm more points to convert my tokens. Feels like they're trying to farm more transaction fees instead of building a working ecosystem. I really hope that won't be the norm for L2 projects in the future.
To be honest, 10x in an airdrop is not too good :P
If you spent 100 usd for example, receive 1000 dollar is good, but not SO good because you put your effort and time to farm and took some risk in a new network
I hope at least 15x or 20x, but 10x at least is ok heheh
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Most of my money in Linea are in ZeroLend, stargate and Mendi
I'm not doing tons of things, since I already did a lot of txs, contracts and Nfts
I think a reasonable return is something like 10x of your spend in Linea
They can distribute based on LXP and them doing some multiply in number of months, txs etc
ZeroLend and Stargate are good projects but I am not so familiar with Mendi. Are you referring to Mendi finance which is a lending protocol? Lending protocols and platforms were in hype in the first 4 to 6 months of 2024 now the trend is dying but these projects are long term and they will never be bankrupted due to the need of crypto users they are fulfilling.
Stargate is a good project and the development is awesome, but it's also another liquidity project which allow us to cross chain our assets. How much volume do you create on Stargate? 10x on linea is a reasonable return and we at least deserve it due to the efforts we have made. LXP idea was not so good in my opinion .
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10x return sounds too good to be true considering how many people participated in the Linea campaign. Is there any breakdown of how many tokens can we get for each point? I don't really want to spend another hundred dollars in fees to farm more points to convert my tokens. Feels like they're trying to farm more transaction fees instead of building a working ecosystem. I really hope that won't be the norm for L2 projects in the future.
I agree, I do not think that 10x is doable, not with the current market conditions or how many people are going to participate in the Linea campaign. And it seems that it is base on pure hype already.
So it's not looking good when the project was seen in the beginning to be building a working L2 projects. But it seems that focus has been shift and for sure there are a lot of investors that are disappointed by it.
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Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments. What are your predictions about Linea?
Many people are using the optimism network too it still has hype and ARB is now being considered a trendy coin to invest money in the long term but we should look for other options too like deep AI and gaming but what projects are good in these fields in your opinion?
Linea was a good one, but you need to know that the Airdrop farmers have always pumped them. I also know that you've invested decent time and amount to farm their airdrop and now farmers are super angry on the team. They are literally scamming people, i cant see what Linea is bringing new in this scalability race, ZK seems decent, OP was good base is super but there will be no coin in my views and for ARB now doubt one of the strongest ecosystem on the ETH L2's.
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ZeroLend and Stargate are good projects but I am not so familiar with Mendi. Are you referring to Mendi finance which is a lending protocol? Lending protocols and platforms were in hype in the first 4 to 6 months of 2024 now the trend is dying but these projects are long term and they will never be bankrupted due to the need of crypto users they are fulfilling.
Stargate is a good project and the development is awesome, but it's also another liquidity project which allow us to cross chain our assets. How much volume do you create on Stargate? 10x on linea is a reasonable return and we at least deserve it due to the efforts we have made. LXP idea was not so good in my opinion .
Yes, Mendi is a lending protocol https://mendi.finance/
I used to diversify a little bit, and not leave all the money in ZeroLend and Stargate
I'm using Stargate to do some bridges, it's very cheap do bridge right now
LXP is a way to Linea farm us users >:(
I prefer the old way to distribute tokens to users, like number of txs, time in network, contracts, volume generated etc
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LXP is a way to Linea farm us users >:(
I prefer the old way to distribute tokens to users, like number of txs, time in network, contracts, volume generated etc
Yeah, this points system is a bit 'unfair' since you'll need inflated numbers of transactions to make everything worthwhile. While a project can argue that points represent tx numbers, volume generated etc, it means nothing if you need to spend hundreds of dollars to generate 1 token.
So it's not looking good when the project was seen in the beginning to be building a working L2 projects. But it seems that focus has been shift and for sure there are a lot of investors that are disappointed by it.
Agree. I'm not sure if the money they made from these campaigns is worth the long-term stability of the ecosystem. There are examples where hyped projects have a short life because they fail to generate sustainable volume due to terrible decisions.
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Yes, Mendi is a lending protocol https://mendi.finance/
I used to diversify a little bit, and not leave all the money in ZeroLend and Stargate
I'm using Stargate to do some bridges, it's very cheap do bridge right now
LXP is a way to Linea farm us users >:(
I prefer the old way to distribute tokens to users, like number of txs, time in network, contracts, volume generated etc
Some wallets are still receiving LXP maybe from old tasks, if linea brings its own telegram bot into the market right now, then it will get huge investments that they will meet its target for TVL quickly. Why they don't take such steps maybe they don't care for money but for the long stay in the market to make something useful and outstanding but they are not building anything new and unique.
I also prefer that way but this way is cheaper and most of us can now participate in that campaign now. I don't join the lending platform but I like stargate and mendi there are more in the market but every narrative has a hype and now its of telegram bots.
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L2's on ETH will be just fine.
They don't need to get hyped just to stay popular. The fact that they're on the top 100 in terms of market cap consistently is I guess enough to say that there are still many investors that are supporting the project and on the other hand, most of the top L2 projects right now is constantly developing just to stay afloat.
There are companies even now that are building L2s on Ethereum for their own purposes. Well, I mean the big exchanges in particular. For instance, Coinbase built BASE, and it seems to be doing really well for them. And I'm sure Binance has a BEP L2 on Ethereum as well.
It's actually a huge money-making source so I'm sure they will be fine in the long term.
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Some wallets are still receiving LXP maybe from old tasks, if linea brings its own telegram bot into the market right now, then it will get huge investments that they will meet its target for TVL quickly. Why they don't take such steps maybe they don't care for money but for the long stay in the market to make something useful and outstanding but they are not building anything new and unique.
I believe LXP distribution is done in batches so it's no surprise if some wallets received their points late. What kind of bot activity are you suggesting? Personally, my impression of them would go even lower if they launched a copy of Notcoin or something else. Feels like they just look at any trend, stop building their own network, jump on the hype train to make more money, rinse, and repeat. At the very least I've seen so many complaints about their farming programs on social media already, I don't think it's a good idea to add another round of points farming when you don't know when or how the tokens will get utilized on the network. CMIIW.
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There's a new L2 in town 8)
(https://i.ibb.co/3F24VrT/uni.png) (https://imgbb.com/)
Source (https://x.com/Uniswap/status/1844363396382408774)
Unichain is from Uniswap
It could be just another L2, but due to Uniswap's strength, it could have a good appeal
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I believe LXP distribution is done in batches so it's no surprise if some wallets received their points late. What kind of bot activity are you suggesting? Personally, my impression of them would go even lower if they launched a copy of Notcoin or something else. Feels like they just look at any trend, stop building their own network, jump on the hype train to make more money, rinse, and repeat. At the very least I've seen so many complaints about their farming programs on social media already, I don't think it's a good idea to add another round of points farming when you don't know when or how the tokens will get utilized on the network. CMIIW.
I agree with your statements and they are farming and bringing more and more tasks for hunters to get more awareness although they are just a L2 and they are bringing nothing unique and maybe that's only they need. Long lasting impact and image of them in user's minds so they would know Linea and start using it. The bot Memefi is also using Linea network to give reward if I am not wrong.
I was talking about such bots and your statement has made be believe that like you there will be many other people who will also hate Linea if they bring such bots but if they bring any they will get huge investments for sure but they can lose trust and their potential too.
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It could be just another L2, but due to Uniswap's strength, it could have a good appeal
Based on the screenshot that you shared, the features they listed can be found on most L2 projects so it's a bit hard to get excited from a technical point perspective IMO. But what can we say if the market moves based on hype/feelings, even meme tokens outperform ETH or BTC recently. At the very least it's probably good for short-term trading, as for longevity only time will tell.
I was talking about such bots and your statement has made be believe that like you there will be many other people who will also hate Linea if they bring such bots but if they bring any they will get huge investments for sure but they can lose trust and their potential too.
Yeah, I'd lose confidence if they do that without showing any unique development/feature. I think it's no surprise that people hate being used, especially when they get no rewards at all.
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There's a new L2 in town 8)
(https://i.ibb.co/3F24VrT/uni.png) (https://imgbb.com/)
Source (https://x.com/Uniswap/status/1844363396382408774)
Unichain is from Uniswap
It could be just another L2, but due to Uniswap's strength, it could have a good appeal
250ms block time sounds insane. I doubt it's higher than ping between 2 country with longest distance. I haven't checked the detail, but it could stand out since it's created by Uniswap.
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Yeah, I'd lose confidence if they do that without showing any unique development/feature. I think it's no surprise that people hate being used, especially when they get no rewards at all.
You're right nobody wants to be used for anything but here we will get something but we think we are being used because I think our expectations from the Linea are higher and it's not even our mistakes. At the start, they introduced themselves as the next big thing so the hype was crazy and we all thought they could easily make us more than $1000 or $2000 in airdrop rewards.
If we lower our expectations then only we can be happy with the result for now I just hope they give us enough rewards that could cover the fee I spent and the time I gave to it. Many other airdrops came after this and they gave more rewards to people but this one is just delaying things. While I doubt if any unique development is coming.
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If we lower our expectations then only we can be happy with the result for now I just hope they give us enough rewards that could cover the fee I spent and the time I gave to it. Many other airdrops came after this and they gave more rewards to people but this one is just delaying things. While I doubt if any unique development is coming.
I think having a high expectation is justified, although it doesn't mean we should blindly trust whatever they're doing since it feels like they're trying so hard to earn more fees from us. I think we should learn from this and avoid spending so much on L2 projects that use airdrop as their main selling points. At the very least that's my takeaway from this and I'd be happy if I'm proven wrong and many people become millionaires from Linea's airdrop.
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I think having a high expectation is justified, although it doesn't mean we should blindly trust whatever they're doing since it feels like they're trying so hard to earn more fees from us. I think we should learn from this and avoid spending so much on L2 projects that use airdrop as their main selling points. At the very least that's my takeaway from this and I'd be happy if I'm proven wrong and many people become millionaires from Linea's airdrop.
They are trying hard to get more investment and funds last I heard they are trying to aim for some $1 billion TVL which is very high and now I have left any expectations from this project and after this I have merely joined any L2 airdrop because I was too disappointed in this one. When it started it created a craze among hunters.
Now all that craze is gone that's why I said we should lower our expectations now so we don't feel so bad when the results go out. I think people have made more from Dogs only and this Linea is still chasing targets.
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They are trying hard to get more investment and funds last I heard they are trying to aim for some $1 billion TVL which is very high and now I have left any expectations from this project and after this I have merely joined any L2 airdrop because I was too disappointed in this one. When it started it created a craze among hunters.
Now all that craze is gone that's why I said we should lower our expectations now so we don't feel so bad when the results go out. I think people have made more from Dogs only and this Linea is still chasing targets.
Linea launched Surge to try 3 billion TVL :o
(https://i.ibb.co/wCNGXMs/linea.png) (https://ibb.co/L6zjWn5)
Source (https://linea.build/surge)
But it's not even close right now according to Defi Llama
(https://i.ibb.co/VjRJSqK/linea2.png) (https://imgbb.com/)
Source (https://defillama.com/chain/Linea)
In my opinion it's too much 3 billion with so many L2s right now
I suspect after Scroll TGE some money will flow into Linea, but not too much money to reach 1 billion
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As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.
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As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.
You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH
Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper
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As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.
You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH
Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper
They are still too big, though.. Compared to other chains, that is.
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As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.
You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH
Thank you for the information from the gas tracker, I will archive this in my memory.
Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper
It's incredibly expensive, just 1 transaction costs around $50. I think it's a very crazy transaction, very expensive and even I also for transaction costs above $1 will definitely think 10 times. This is $50 for 1 transaction, very expensive.
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It's incredibly expensive, just 1 transaction costs around $50. I think it's a very crazy transaction, very expensive and even I also for transaction costs above $1 will definitely think 10 times. This is $50 for 1 transaction, very expensive.
Yes, it is and I regreted about that tx :P
I also try to avoid txs costing more than 1 USD, usually I wait until night or weekends
In ETH mainet you have to make few txs as possible, but in Polygon, Arb or even Zksync where I'm doing a lot of txs in DeFi, I can put small amounts day by day and I spend only 2 or 4 cents each tx. In ETH you need to think and make only 1 tx to avoid these high fees, so there's no room for mistakes too or you have to pay one more tx :P
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It's incredibly expensive, just 1 transaction costs around $50. I think it's a very crazy transaction, very expensive and even I also for transaction costs above $1 will definitely think 10 times. This is $50 for 1 transaction, very expensive.
Yes, it is and I regreted about that tx :P
I also try to avoid txs costing more than 1 USD, usually I wait until night or weekends
So your benchmark is at night or weekends to minimize the cheap ETH L1 transaction fees, is that fixed?
In ETH mainet you have to make few txs as possible, but in Polygon, Arb or even Zksync where I'm doing a lot of txs in DeFi, I can put small amounts day by day and I spend only 2 or 4 cents each tx.
Are you seriously still using zksync's ETH L2?
As far as I know, zksync has a lot of issues with the community and the confirmation for its ETH L2 is very slow.
In ETH you need to think and make only 1 tx to avoid these high fees, so there's no room for mistakes too or you have to pay one more tx :P
As far as I know, if the transaction fee in ETH L1 fails, then it must be sent twice and the fee is charged twice. This is indeed very difficult for me to try, especially since the transaction fee is very expensive.
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So your benchmark is at night or weekends to minimize the cheap ETH L1 transaction fees, is that fixed?
Yes, you can try monitoring https://etherscan.io/gastracker and see that at night and weekends the fees are lower (less people using)
Business days are more expensive
Are you seriously still using zksync's ETH L2?
As far as I know, zksync has a lot of issues with the community and the confirmation for its ETH L2 is very slow.
Yes, I like Zksync, I'm very grateful because I receive my best airdrop from Zksync and the network is working normally for me, so I have some positions in DeFi and I use some pools like ZK/ETH
As far as I know, if the transaction fee in ETH L1 fails, then it must be sent twice and the fee is charged twice. This is indeed very difficult for me to try, especially since the transaction fee is very expensive.
Usually when I get a reject tx it's not charged
My question for you, do you use L2s? If so, which ones?
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As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.
You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH
Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper
Lol, it must be when EigenLayer was a hot cake, and as soon as deposits were opened, plenty users were flocking in to farm it, right? Was EIGEN airdrop worth it for you?
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Lol, it must be when EigenLayer was a hot cake, and as soon as deposits were opened, plenty users were flocking in to farm it, right? Was EIGEN airdrop worth it for you?
Yes, exactly, it was due to EigenLayer
but it didn't pay off for me :P
I even managed to win a few Eigen tokens, but it was due to Renzo, not Eigenlayer itself
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~snip~
Are you seriously still using zksync's ETH L2?
As far as I know, zksync has a lot of issues with the community and the confirmation for its ETH L2 is very slow.
Yes, I like Zksync, I'm very grateful because I receive my best airdrop from Zksync and the network is working normally for me, so I have some positions in DeFi and I use some pools like ZK/ETH
Well, I have heard that this Zksync held Airdrop and it turns out you are one of the winners. Can you share with me how many dollars from Airdrop Zksync?
As far as I know, if the transaction fee in ETH L1 fails, then it must be sent twice and the fee is charged twice. This is indeed very difficult for me to try, especially since the transaction fee is very expensive.
Usually when I get a reject tx it's not charged
My question for you, do you use L2s? If so, which ones?
Never, I have never used ETH L2 because I don't have the funds to try from ETH L2. Maybe if I later I have a capital of around 50 dollars then I will try ETH L2 like from Arbitrum.
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Never, I have never used ETH L2 because I don't have the funds to try from ETH L2. Maybe if I later I have a capital of around 50 dollars then I will try ETH L2 like from Arbitrum.
I understand
To be honest, there's no reason to use L2s if you don't have anything to do there (DeFis, farm airdrops, staking etc), but with low amounts of money ARB is a good idea, but I like Polygon network too, and also OP. Transactions under or equal to 1 cent, cheap and reliable
Whem I was a miner I used Polygon to receive ETH daily, low fees and accepted in most exchanges
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Never, I have never used ETH L2 because I don't have the funds to try from ETH L2. Maybe if I later I have a capital of around 50 dollars then I will try ETH L2 like from Arbitrum.
I understand
To be honest, there's no reason to use L2s if you don't have anything to do there (DeFis, farm airdrops, staking etc), but with low amounts of money ARB is a good idea, but I like Polygon network too, and also OP. Transactions under or equal to 1 cent, cheap and reliable
Whem I was a miner I used Polygon to receive ETH daily, low fees and accepted in most exchanges
Indeed, Layer 2s such as Arbitrum, Polygon, and Optimism address not just the specific operations like DeFi, airdrop farming or staking but also tend to make basic operations like standard trading cheaper and faster within the Ethereum network. As much as Layer 2 is for making transactions more efficient for complex activities like the DeFi, they are necessary to those of us who will conduct simple transfers at cheaper costs than Layer 1. It is common for users to perform-transfer or store assets through Layer 2, because such operations may remain as safe, inexpensive, and technically unintuitive. It is not just a special choice, but also an action that solves the current need of normal and ordinary user for Layer 2 networks.
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the case of Polygon is very curious, everything is working, there have been no problems, and the price has not kept up with the movement
Hmm, Yup buddy nothing to worry about with the music coin but the price momentum is a little bit concerning, anyway in my views except base there's not much potential in any other chain to bring the traffic in the community. As far as I know, ZK can boost its performance but it needs some other marketing strategy as for the earlier most of the traffic was due to the airdrop community.
Replacing new strategies to cover deficiencies and turning things around for sure, that's what is needed now, with other marketing strategies I'm sure there Will be changes.
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As far as I know the most famous L2 are Optimism, Arbitrum, zkSync, the rest I am not familiar with. I also see that Polygon seems to be the same but the price of Polygon is dumping and strangely it is very difficult to go up.
I saw on the Polygon coin chart that it was first listed at around 0.6 dollars and even dropped to 0.3 dollars. In my opinion, Polygon is not very attractive because it is very clear that it is very difficult to increase its price in all markets. This only my obesrvations of Polygon.