LiMelite PoSts

Entertainment

[LiMelite PoSts @liMelitepoSt]

Is @LADWP’s one-year cash-only policy after a returned payment an undue burden on ratepayers? Why not charge a returned-payment fee or use a shorter restriction instead? Is this standard among U.S. utilities? @Davidlaz @ABC7 @NBCLA @KTLA @FOXLA @CBSLosAngeles @latimes @LAist

[LiMelite PoSts @liMelitepoSt]

@mark11250 Part of the game player! 🪙🎰🚀

[LiMelite PoSts @liMelitepoSt]

@MacSlaps Ha! Really? I’m late to the game. Is it mooning?

[LiMelite PoSts @liMelitepoSt]

@Cointelegraph XRP

[LiMelite PoSts @liMelitepoSt]

@derricklee918 dm

[LiMelite PoSts @liMelitepoSt]

Chili Relleno and his frenz Birria De Res and Carnitas are looking for a dev team that can take this burrito coin to the moooooooon!

#memecoin #Solana #burritos #birria #season2

[LiMelite PoSts @liMelitepoSt]

Is there a Chili Rellano Burrito memecoin yet? #Solana #memecult #MemeCoinSeason2024

[LiMelite PoSts @liMelitepoSt]

@KrysDevine @JeremyCorbell @wannalJ1569 gets all the best vids on this topic! Yall should think about bringing him onto the team! PS ask him about his grandfather!

[Freedom Factory @FreedomFactory]

Introducing dGEN1

The first onchain every-day carry

[LiMelite PoSts @liMelitepoSt]

You guys do a good job producing the show what do you use for your live camera, switching etc.?

[bread.mega @bread_]

Time for me to be "the L2 FUD guy" again - that page isn't bullish.

Let's look at those margins post-Dencun (March 13th), which means filtering on the 90d instead of the 1Y.

What do you see?

This is what I see...

Margins
The top 5 chains have a collective average profit margin of 95%.

That means for every $1 generated from users on Base, Arb, etc that only $0.05 makes its way back to Ethereum in the way of posting costs (read $ETH burn).

Visualized

Powerlaw Earnings Distribution
The top 5 chains are generating 91% of all fees, with Base alone accounting for nearly 40% (!) of total over that span.

Visualized

If Solana is any indication of the future, it's that both users and app teams crave single-state, composable ecosystems and will aggregate there because it's just a better UX.

Combined with the ability to scale unbounded by consensus, they can simply continue to grow and onboard users at a rapid pace all while throwing mere sheckles back to Ethereum.

Does this work out long, long term? Maybe. But using the current numbers (~5% of every dollar seeing Ethereum mainnet) that means we'd need some wild numbers just to reach pre-Dencun highs.

Napkin math:
ETH peaked at ~$30M daily leading to Dencun

That means the top L2s would need to generate ~$600M to apply the same fee pressure to Ethereum

Using today's numbers, that's currently a ~34x in fees generated just to get back to prior highs for ETH.

...and what does that look like in throughput and growth for those L2s?

Well at current levels those fees come with ~18.38 MGas/s (or 8M tx) of throughput. Assuming fees stay static, they'd need to scale to 624.92 MGas/s.

"BREAD, wtf does that even tell us?" - You

It gives us an idea of timescale. Base is hoping to reach 1GGas/s by itself, but current projections has it at 80MGas/s by the end of next year. That's 12% of the way to the total throughput needed to pass on 1/9th of the L2 throughput needed to return to ETH burn numbers 7 months ago.

idk man - you see economy and money and I see an unbalanced economic relationship where we pin the hopes on something that can't be quantified (moneyness).

Make L1 execution great again.

[LiMelite PoSts @liMelitepoSt]

Gm

[LiMelite PoSts @liMelitepoSt]

🚀 Mark Cuban Calls Out Meme Coins! 📷

Is every meme coin really just a rug pull in disguise? 📷 Mark Cuban thinks so, but I'm not convinced. What do YOU think? Drop your thoughts below and let's get this conversation viral! #CryptoDebate #MemeCoins #RugPullOrRealDeal

[LiMelite PoSts @liMelitepoSt]

Gn

[Cointelegraph @Cointelegraph]

🚨 JUST IN: JPMorgan highlights that rising geopolitical risks could lead investors to favor gold and #Bitcoin as safe-haven assets.

The flight to quality is already happening.

[LiMelite PoSts @liMelitepoSt]

Meme Coins: Why They're Taking Over Crypto Trends Today! Do You Agree? What's your favorite meme coin? Post below and I'll follow
#CryptoReport #MemeCoins #DogeCoin #CryptoNews #MarketTrends #Cryptocurrency #Altcoins #InvestmentTips #Drewski #Shib

[SolanaFloor @SolanaFloor]

🚨BREAKING: HBO's new documentary "Money Electric: The Bitcoin Mystery" claims to reveal the true identity of Bitcoin's creator, Satoshi Nakamoto.

The big reveal will air on Wednesday, October 8, 2024, at 2 a.m. CET (Tuesday, 9 p.m. EST).

[LiMelite PoSts @liMelitepoSt]

@CadenWeb3 Let's go small brands!
https://t.co/WBk52M85kK

[LiMelite PoSts @liMelitepoSt]

New episode of Drewski with the Brewski!🚀 Meme Coin Mania: DOGE Turns Bullish, Solana Innovates Payments, PEPE Unchained and Ethereum's New Layer 2! Dive into today's crypto buzz. #MemeCoins #CryptoNews #BlockchainTech Follow me I follow back!