Obol Network raises $6mil, Uniswap L2 growth & more - The Daily Gwei Refuel #233 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the deadly way refuel where we cap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the 19th of october 2021 all right everyone let's get into it so another kind of uh thread from paulina here today that i wanted to go through i wanted to run through a few things here because i thought it was a really great one but essentially paulina was replying to a tweet from james wang who said or asked the question what's the pros cons of building a new chain on cosmos slash polkadot versus doing it as a zk roll up on ethereum so paulie now goes on to answer this question by saying it's wickedly difficult to build a programmable zk roll up at most five or six teams are capable of it but we're seeing multiple optimism forks such as

metis boba nami and more uh once zkrollup's uh tech is open sourced we'll see many zkr zkr forks too long term i don't see any reason not to build a roll up and then polynomial continues unless you must have your own monolithic self-sovereign chain for whatever reason in which case the two easiest options are building a cosmos sdk chain or an evm chain there are a gazillion of the ladder already of course but a rollup will be so much easier in the future why easier you don't have to don't have to bootstrap a consensus mechanism a native token and get centralized exchange integration build network effects et cetera you can do the ladder too but it's optional just plug into the most secure layer in the space if you want extra data availability just build a volitium instead and then uh planet gives a simple

example where they say arbitrary one is the only chain other than the then ethereum with all the blue chips deployed or committed to deploying uni swap maker abe sushi balancer curve etc all their bsc polygon pos avalanche has some of them through incentives but not all it's a no-brainer so um and and as crypto maxi notes here polygon is only missing unisop you know it's funny because polygon not being you know the post chain not being quote unquote a true l2 um it doesn't really matter they've still been able to attract the kind of like quote-unquote defy bluetooth projects because of their allegiance or alignment with ethereum which i think is really really positive but what i wanted to kind of like focus on was a few points here from from polly now one one thing that i've kind of like been saying for

a little while on on the refuel is exactly what pauline has been saying about you know why would you want to create like just a roll up or your own layer two instead of creating a layer one and i've talked about you know constantly about how i think that there's just not going to be these l1 spinning up anymore it doesn't make any sense to do so it's much more it makes much more sense to just launch a layer two but it's also gonna be much more profitable to launch a layer two as well so even if you're kind of like motive is just money and just profit it's just still better off launching a layer two and as um polynomial notes here we've already seen this with multiple optimism forks such as med test bobber and nami but um you know paulina said like why is it easier

to launch uh kind of a layer two and it's because you don't have to boot chopper consensus mechanism is a major reason which means you don't have to bootstrap your own network of uh i mean not really miners these days it's more like validators right you don't have to issue a native token to do it you don't have to get like a token distribution out there you don't have to have all these expensive kind of running costs you don't have to worry about consensus at all really you just have to worry about um you know kind of like paying the security on a layer one ethereum which isn't too much of a worry because if the product that you create at layer two is good enough people will use it and pay fees to use it and then you can use that fee revenue to pay for layer one and

then profit the difference right which is actually quite high um you know you remember that optimism is is donating all profits to public goods while they're already donating a million dollars to public goods right and and you know optimism really isn't even that i would still say that their network is still in alpha it's like still got a white list on it not many apps on there yet um still seeing some really nice growth but they're generating 100 150 000 a day in revenue um same for arbitrary so these layer twos they're going to be very very lucrative in terms of uh getting kind of like fear revenue so you're definitely going to see a lot of people spinning them up and you know not not having to worry about uh to bootstrap a consensus mechanism either which is huge right um they don't have to have a native token i

mean i think they're going to have a native token but for different reasons they definitely want to um you know decentralize out their sequences and their validators which is different to a layer one and as i mentioned yesterday it's just much easier and the path is much easier for these layer twos to decentralize over time you know they don't need to get centralized exchange integration uh they probably will as time goes on but it's not critical to them right you can just basically bridge in from ethereum layer one to these uh to these layer twos and um you know pretty much every exchange has ethereum integration already so you don't have to have to rely on that uh i mean i pretty you know not even just pretty much i think 100 of exchanges um have ethereum integration so you can just withdraw to ethereum uh and then you know building

just general network effects as well you plug into a theorem you inherit all the ethereum's network effects and that's why we've seen so much layer 2 growth which i'm gonna talk about in a sec with regards to uni swap but we've seen so much growth so quickly because it's just very easy people to get into it and this is growth without native token incentives there is no native tokens for these layer twos yet uh uh you know you might look at some of these side chains the dbm sidechains and be like oh they got lots of adoption really quickly well they had massive liquidity mining programs like if you if you can imagine a layer two with a massive liquidity mining program i'm betting tens of billions of dollars would flow into these things as well and we're almost at 4 billion tbr without these

native incentives which is which is pretty cool uh you know at least i think so it's just gonna kind of like get supercharged from there but uh you know the the example that paulina gives here about i guess like arbitrary one and you know crypto maxi saying even the polygon pos chain having all these blue chips as well is very important because users are going to go where the apps are and the apps are only going to be deployed to things that developers feel like that there's actually going to be traction on and it's actually going to be long-term health on you know the funny thing is is that ave hasn't deployed to arbitrary yet um but they deployed to some evm side chains some of the newer ones as well and people like well you know why aren't you deploying to arbitrary and i remember one of the

people at abe said well we don't want to play our old tech to arbitrarily want to deploy their new tech there so they're happy deploying their old existing tech to these evm side chains because it's just very easy for them to do so right it doesn't take much they can just basically port it over they don't have to get new audits or anything like that but if they're building something new like rv v3 for example then uh they definitely want that that that their flagship product to be on the flagship platform that being ethereum and its l2 ecosystem you saw the same thing with uni swap with v3 v3 is the only thing that's launching on these kind of like l2s um and you know i'm hoping unisop also launches on the polygon pos chain with v3 that'd be really cool to see uh but yeah i mean i could give like

examples from like the other examples too but generally you know the users aren't going to go to chains that just don't have the apps on them and that's why all the evm side chains exist and why they're the ones that are getting adoption is because beforehand pretty much all the chains that didn't have evm compatibility and you know they didn't really get any adoption they were ghost chains because of the fact that it's much much much harder to boost up an ecosystem from nothing and you know i guess like one thing that solana is doing that i actually respect for um them doing is trying to boost up an ecosystem from scratch right they're not you know even compatible right now they have like a new programming language not a new one like a different one called rust that people can work in they have

different kind of architecture of how they're doing transactions with parallelization and stuff like that but in saying that they're also going to have a i guess like a platform building on top of solana that allows for evm compatibility as well so it's gonna be interesting to see how much adoption that gets over the uh vanilla salina chain but um you know all the other kind of things like the avalanche c chain phantom i mean the polygon pos chain of course as well they're all evm side chains and and and and that's and that's exactly why uh you've seen kind of like this this rapid kind of um deployment of these top uh protocols that have typically been deployed to only ethereum um and you know the the kind of like polygon is a bit of a different example because the pos chain isn't just like your regular

side chain right it has kind of like commitments to ethereum and it also um has its staking logic on ethereum so uh and i guess like as i said like it's more politically aligned or it gets like socially aligned with ethereum as well so yeah i mean just a really great little uh kind of like thread from paulina here and then i think there was a bit of forks in the thread that came off of this and i think people kind of like asked us some questions about like um about different things i mean you can go read this for yourself if you want it will link to the youtube description of course but um yeah just another day another polynomial shout out so ross middleton from uh diversify here uh announced that the polygon to diversify polygon pos chain to diversify stable coin bridge has now enabled over

1 000 people to avoid the high l1 gas fees now this is what i've i think i've mentioned this before on the review where i basically said you can have bridges that basically go to an ethereum l2 without actually touching the ethereum main chain so this is going through polygons pls chain to diversify which is an uh kind of ethereum uh like a layer two um i mean technically it's a volitium but like it still kind of like verifies itself with ethereum verifies the proof proof's there and you can see like the medium transaction size the medium trends the mean transaction size the most popular token and the fee so the fee is only a dollar to to kind of like move between between here if you had to go through ethereum layer 1 the fee would probably be 10 or 20 or something

like that so obviously a nice order of magnitude decrease here i think we're going to see much more of this as well i mean what's really cool is the fact that that i mean the thing with the bridges though is that you have to remember as i've explained on the review i think i think i explained it last last week last friday is that it depends what bridge you're using because if the bridge has a bunch of like admin keys or if the bridge is centralized in any way if it's got a multi-sig or whatever then your funds are only as safe as uh as kind of like the bridge there uh depending on kind of like depending on what you do because if you so so this is the funny thing about bridges is that i'm gonna give an example here because it's a bit

difficult to reason about but it'll make sense if i give an example if you bridge from say the polygon pos chain through this this bridge to diversify and you have your funds on diversify say you have like uh some stable coins on there well while there's kind of like uh and you and and kind of like say you wanted to go back to the to the pos chain well if that bridge gets compromised then you wouldn't be able to go back the same way you came in now if you removed your funds from diversify and and went to ethereum layer one then the risk goes to someone else because you have the funds on layer one and you've basically kind of like removed that risk of holding that that bridge risk from yourself to someone else so it gets really complicated and that's

why i i always try to like warn people about these bridges obviously i'm a big advocate of them but also warn people that not all of them are created equal like a lot of them still have centralized controls a lot of them can be um can be compromised and it is definitely not uh not something you should be putting like lots and lots of money into but in saying that you could uh uh in terms of like what's safer using the kind of like native bridges like the arbitrary optimism bridge i consider to be safer but still they're centralized because of the fact that uh there's upgradable contracts and stuff like that but um you know it's it's still just trade-offs at this early stage of the game but i think just understanding like where your funds are what the risks are when doing when bridging between

different chains is very important um but it's good to see kind of like bridges uh bypassing ethereum layer 1 to save users cost at the end of the day like obviously not everyone's going to be able to to afford to bridge what you know passing through layer one so having alternative options is really important i believe all right so i did mention that i wanted to talk about uni swaps growth on uh layer twos recently so unisof v3 i mean hayden put out a tweet today where he said unicorn v3 on layer 2 arbitrary plus optimistic ethereum doing an all-time high volume of 115 million dollars and then he went on to say l2 season is here now i've got the stats up here on uni swap you can kind of like see it here basically this is uni swap l1 volume foot just v3 this isn't v2 v2

is over here it's separate i'll go through that in a sec but v3 over the last 24 hours had 1.33 billion dollars of volume which is obviously a lot of volume it is by far the you know the largest decks on ethereum processing the most amount of volume um and you know that's been that way for for a little while now then you can see up here you can switch from ethereum to optimism so if we switch to optimism we can see over the last 24 hours they did 10 million dollars worth of volume but i think hayden was going out of this kind of state here the 12 uh like 12 million dollars then you can see it all the time it's done done even more like 20 20 uh 20 million plus here but basically we count the last 24 hours which is about say 10 12 million then we

can switch to arbitrarium and see that our bedroom is doing a lot of volume like uh 80 million dollars uh uh if we look at the same day here and that's definitely because arbitrary has more apps live on the network than optimism so there's more activity going on on there but taking those two together gets to gets to hayden's kind of like 115 million kind of like volume here now what i wanted to talk about was the fact that if you take 115 million and you kind of like map it out to our ones volumes which were what 1.33 billion or if we take if we go back to the to the to the day here it's like yeah sorry let me just get back to the day here it's like 1.4 billion just say then you can you can kind of say that like what's around

8 or something like that so l2s are doing 8 of of layer one volume so far and they've and they're still very fresh and very new so it's really really cool to see the increased adoption here i think once optimism removes their whitelist and opens the floodgates and arbitram releases things like arbitrary nitro and we have more apps go live there we'll slowly see uh more of a transition happen here as well and you remember on unisop kind of like uh v3 on layer one there's also a lot of liquidity mining programs happening there not from uni top itself but from other projects having our peoples on there whereas those programs may be happening in some limited fashion on l2s but not in a big way just yet so slow and steady really eight percent is is it kind of like great to see there

but at the same time i mean uh you know ethereum layer one volumes and unisop and ethereum layer one has had many many uh sorry much more time to gain network effects here and this is just v3 like it surprised me because i looked at that and i looked at v2 and v2 did like what's uh if we go to the same date yesterday 400 million dollars of uh of volume uh yesterday on v2 so yeah it's not just like 1.4 billion it becomes like 1.8 billion so and that means that l2's would be a bit less there but i think you know er we've seen other l2s kind of i've got l2 beat up here but we've seen other l2s like dydx have a massive amount of value locked in there but doing a massive amount of volume as well like billions of dollars of

kind of like daily volume during volatile periods on their exchange so you know if i i don't think it shows it on l2b here uh they're kind of like trading volumes but like the tvl kind of i guess speaks for itself as well so a lot more people using the uh the exchange too there uh but you can kind of like see and the reason why i have l2 beat up here as well is because on the topic of l2 growth you can see it's becoming much more distributed right when we kind of like skyrocketed up the first time most of the value was locked in arbitrarium but now it's becoming more distributed uh uh albertum has 2.25 billion locked the ui dx is 838 million optimism is at 261 million looping at 122 and then you have like the kind of like long tail

here and it's just increasing over time you can see that we're basically at all-time highs in terms of value locked which is really awesome to see but i've mentioned before that value locked is kind of like not a great metric to use anymore i feel like it just became kind of like a target rather than a great measure but uh the volumes as i just went through speak for themselves people are using these things and they're paying to use them as i mentioned like if you go to crypto fees.info you'll be able to see unisop and arbitrary are generating these this fear revenue for their network so this and the reason why i always point to fear venue as a really great kind of view into network usage is because it is it isn't impossible to fake it but it's expensive to fake it like very expensive that's why people

always um you know i sometimes see people kind of like say oh how do you know that ethereum's l1 activity isn't all just wash trading in bots it's like well because they're paying a lot of money to use the network right and and the thing is is that 80 of that value is being burned as well so you can't even bring up the argument that our miners are colluding to basically take all the fees and and basically pay themselves and you know faking activity on the network you can't even use that logic because even if they are they're burning 80 of the value to extract that 20 percent um from it and i mean it just doesn't make any economic sense so from that point of view uh it's just like a really really great measure of um of kind of activity and then on

top of that you know for the l2s you people could say oh well the l twos is fake as well like what if it's optimism team kind of like just running bots or whatever and paying themselves the um the fees they're not right they're actually committing to give away all the profit to public goods so i don't know people people kind of trying to bring this up and i always it always just puzzles me but i think it stems from the fact that there are networks i believe that do fake their kind of like fee activity and i've mentioned before how i think that bsc binance smart chain is i mean i don't have any i haven't looked into it i don't have any proof like definitive proof it's kind of like very hard to prove this but i have a hunch that they do this because for two

reasons the first reason is um they're they control all the validators basically so they're essentially are paying themselves the fees if they wanted to right if they wanted to fake fear of renew it doesn't cost them anything to do that and two why haven't they implemented fee burning yet b b always gets burnt right like uh uh i don't know about lately but like traditionally bnb has been burnt based on kind of like profits and revenues from from finance the exchange so why haven't they introduced eip1559 style burning onto bsc it's very easy for them to do that because it's the same code like and they can just literally steal it from ethereum and put it onto bsc why have they not done that yet well my my hunch is that because they're

faking the fee the fee revenue and why are they picking the fee revenue because people look at the fear of a new as a kind of like um as a as a measure of like activity on the network and if you go to crypto fees.info i'm pretty sure bc is like number three on there generating like two to three million dollars of 24 hour fee revenue i i don't think that that is organic i really don't believe that's organic and not i'm not just saying it because i don't like bsc because i think it's centralized and all that sort of stuff i'm not saying that at all just based on the facts that's what i think because if i mean it's very obvious that cece wants to pump b and b and why wouldn't he it's his token so why not introduce fee burning for bsc and i just really think

it's because if they do that that means that like 80 of the fees would be you know burnt forever which means that they would um it would be not economic for them to fake the fair revenue but anyway that's a bit of a a tangent there but it's why you have to look at different metrics and and kind of like different statistics in in kind of like unholistic view you can't just look at one and draw conclusions just like you can't look at tvl and be like oh this project got five billion dollars of tvl within 24 hours it must be good and then you miss all the kind of context around that it probably has a massive liquidity mining program the tbr probably left the week later the the actual protocol was just crappy and was just farmed this has happened multiple times before this

isn't like me just speculating here it's actually happened um so you have to take everything as a holistic view and you have to actually look at each metric and kind of like draw conclusions from it based on okay why is the capital here in total value locked you know what it doesn't make economic sense for the capital to be to be here is it sticky capital okay what's the fear of a new like where the fees going is it easily faked and spoofed like is it is wash trading easy to be done here all that sort of stuff so uh definitely something to consider um and you know hopefully i can kind of like hopefully i've i've kind of given you something to think about around that as well because i just see too many people looking at metrics and kind of like just pulling insight from them when you need

to pull insight from you know much more than just like one metric you have to take a holistic view of things all right so seller network announced that their c bridge 2.0 test net is now live at test seabridge v2.cell it comes with a simple ux uh it's not two-click anymore it's one click lower cost so lower gas and efficient pricing easier exit easier lp no need to run a node single click look at any management and farming integrated and it's built to support billions of dollars a volume every day so and they go on to say you know answer the question when mainnet then they say we treat security with the highest standard with three audits and a rigorous internal process a review process ongoing a couple of new features will be

rolled out during test net as well based on the auditing timeline we plan for a mid november main net launch so if you've been using the kind of like seller c bridge here or interested in using kind of like their 2.0 bridge on test net definitely go check this out i'm excited to see it go live on mainnet here um and you know very excited to see just more kind of like something like seller network continue to build because they've been around for quite a while actually i remember meeting uh mo dong i think he's their ceo and co-founder back in 20 i think it was 2019 early 2019 at edcon i remember having a chat with him there really really great guy and i actually recently had a call with him as well just talking through these sorts of things they're still building right

they're kind of like um you know building tools that people are actually using as well and seeing a lot of adoption here and i'm just really bullish on the project overall i don't hold any seller tokens i'm not just saying this because i'm shilling my bags i'm just very bullish on the project and think that they're doing really really great work so definitely go check them out if you haven't yet so this is finally been publicly announced uh oberl network which i think obel i think that's how you say it overall network um today announced that they have raised six million dollars to build a kind of like multi-operator validated network for uh eth2 um and it's uh basically uh i i participated in this that's why i know about it and that's why i said finally it's public i participated as an angel investor in

this um because it is solely needed and i'll explain why this product is solely needed so essentially what this product does and you can see kind of like a nice graphic here is that the and i'll just explain like in the tweet here what they say they said verbal network is designed to be built on top of with the intention of accelerating uh the innovation robustness of future staking products the project will begin the mission by focusing on proof of stake ethereum so it's not just going to be ethereum it's going to be other proof of stake networks as well but obviously just focusing on ethereum here um the the kind of like this is the way the network works where you've got like the oval network validators at the bottom and then people can kind of like build on top of it the the the whole point of it

is to basically um provide infrastructure for individuals enterprises pool operators to do to to kind of like spin up better staking infrastructure themselves so for example with uh with ethereum staking there's something called ssv or secret shared validator which is essentially a way to split up the kind of like validated keys so that you still keep your withdrawal key you know if you're delegating to a pool or something like that and being able to uh kind of like uh withdraw your funds at any time while they still uh they run the validator for you and they can you know validate on your behalf or whatever but your funds are not at risk from that poor operator kind of going offline or not processing your withdrawal which is really cool and the second kind of thing that they're

trying to do as well is make make it so you can run kind of like an active active um setup where essentially you can have like two active instances of of the kind of like the the same validator but um you know you're not going to get like slashed because um you're not going to sign the same uh kind of like attestation or attest to the same kind of like blocks uh because that is a very stiff kind of like slashing event there if you do that um and that's just like not negatively supported within the ethereum protocol itself so there's tools being built on top of it to kind of like um to kind of like make that happen and make it easier for people to kind of i guess um and get involved there so yeah i'm really excited about this this is

one of the uh projects that i've backed lately that i'm i'm most bullish on and i was just really excited to be involved with you can see here that they have like a bunch of different supporters um you know coinbase ventures uh what is it like familiar names here the leo uh chorus ones taking facilities delphi digital and then a bunch of angels as well myself you know david hoffman ryan shawn adams evan van ness mariano conte a bunch of others in there and they've also got a kick-ass advisory board too um in in kind of like i think it's on their website but basically they have i'm not sure if they've if they've got it on the on the the kind of like press release here from the block uh god where's the website right now i'm going to have to go to here and go to the

website maybe they've got it listed on their website uh maybe not i'm not sure not sure uh but yeah i mean i i they do have a very kick-ass set of people kind of like working on or working with oval network um and and kind of like um you know making sure this this is built correctly so i'm really excited to be part of the team definitely go check this out if you haven't yet and if you want to learn more about it there's a thread here and of course you can go to their website all right so draftkings uh announced today that uh them and polygon have entered into strategic collaboration for draftkings marketplace uh and additionally draftkings is also now able and now able to become a validator on the polygon network now i don't i didn't know what draftkings was until recently and

apparently it's kind of like a family fantasy sports thing and you know after i heard that i was like okay well that's why i don't know what it is because i don't follow sports or anything like that but what i find interesting about this is not the only the nft kind of portion of it obviously being fantasy sports draftkings is doing the nft stuff through polygons pos chain what i find really interesting about this is draftking's actually becoming a validator for the polygon network now i mentioned before about oberl network basically opening up e2 staking to more enterprises kind of like getting them more involved here i think you know the same thing is going to happen for all these networks and i think that we're going to be seeing like these big kind of like companies become validators or public validators in these networks

which i think is is really really cool at the end of the day having kind of like the support i guess like of these companies while they've got the same products on the network is definitely a net positive there so if you're into fantasy sports you want to learn more about draftkings and polygon definitely go check out this press release here all right so there was a bit of news that came out i guess uh from the walter bloomberg account that the new york attorney general's office is directing two crypto companies to shut down now um it's funny because like i don't think it's been officially released what those companies are but there was actually a leak in kind of like uh the word documents that were attached to kind of the press release yeah and you can see that the two companies that were named

were celsius and nexo nexo denied i think yeah nexo kind of like denied um you know getting any kind of like uh ceasing to see it because they actually weren't offering their own product and exchange in new york so it makes little sense for them to be receiving a cease and desist so it's a bit of confusion here but i guess what i wanted to focus on was more around the fact of the fact that like i mean there's from what i've read there's actually been no clear path that these regulators have given these kind of like centralized crypto institutions to actually get regulated or to get compliant with the financial regulations and that's why a lot of them just simply say well we're not even going to bother with kind of like operating this jurisdiction and we're not even going to bother operating in the u.s there's plenty of defaults

that have basically said well d5 front-ends i should say not the smart contracts like dydx for example that have basically said well we're not going to serve us users because it's just crap like there's just no path to get being kind of like um you know compliant with the regulations and all this sort of stuff and i've ranted and raved about regulations plenty of times i'm not gonna kind of go into that again but um you know obviously in new york there's a bit of a protection racket going on because of the wall street and stuff like that but this is just crazy i mean if you don't have a path to being compliant and then like you get a cease and desist letter because you're not compliant like how is that even fair it goes back to the sec bullying coinbase into essentially stopping its lend

product because uh for whatever reason it was just so unfair and and definitely not something that that kind of like we want to see but at the same time it's beautiful that they can't stop the d5 smart contracts they can go after unisop labs as much as they want they can never stop unistop's smart contracts um you know maybe i shouldn't say never they could if they took over the entire entire ethereum network but good luck doing that right it's not it's not an easy task to to do um and i don't think that they would even bother going that far or they would you know know how to do that each way especially when we move to kind of proof of stake i think it's going to be even harder than even harder than it is today with proof of work because they just uh they have to buy the stake right

to kind of like take over the network that's a whole different discussion i'm coming up on time here so i wanted to talk about one other thing which is an interesting tweet from marius from the geth team where he basically put out a tweet that said did you know that ethereum processes the same amount of gas per day right now as the first 1.2 million blocks these 1.2 million blocks were mined over a period of eight months we've come a long way both in usage and performance so i mean this might be obvious to some people and you know the funny thing is the gas limit was actually much much lower back then than it is today i think it was um uh i think it was like one million or something like that maybe even maybe even less than that during the early days but essentially uh the growth of

ethereum has been just amazing to see right i mean i mean we're probably going to visit reviews at this in a few years and see that uh the amount of gas that ethereum is using per day kind of like uh uh you know in a few years is gonna like dwarf what what we're even using today especially with sharding like it depends how sharding works and if it measures it by gas um you know gas limits or something something similar to what we have today but it's just uh you know this just illustrates the point that these networks can start off like very small basically from zero have no activity for quite a while and then blossom into what we see today and it's what it goes back to what i was saying about these l2 chains and evm side chains and things like that there's a a

very kind of like simple path for these evm chains to gain adoption uh and it's very easy for them to do so as well because of the fact that there's just like these network effects around the evm and it's easy for projects to deploy and all that sort of stuff there so i just thought this is a little uh cool little factoid from mario rcr and i'm glad that he shared it because it kind of like it goes into a thread as well so you can read the little thread here but it's just an interesting little thing to to see there but on that note i think i'm going to end up for today so thank you everyone for listening and watching be sure to subscribe to the youtube channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and

i'll catch you all tomorrow thanks everyone