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Sep 18

Roll-up Economics Update: Potential Impacts of EIP-4844

Brought to you by 0xfanTLDR:We have conducted calculations using two different methods to assess the potential reduction in gas fees, TPS (transactions per second), and the capacity for accommodating Rollups after the implementation of EIP-4844.Based on our estimation, EIP-4844 has the potential to accommodate significantly more Calldata, ranging from 38 times to 192 times more. This corresponds to scenarios where the Calldata sizes are 10KB and 2KB, respectively. As a result of being able to...

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Roll-up Economics Update: Potential Impacts of EIP-4844

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What Drives Gold Prices and What It Means for Bitcoin?

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Smrti Lab is an investment fund for growth stage networks. Mass adoption ready. Value accruing public goods.

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Aug 30
Digital Gold Rush: Investing in Pick-and-Shovel
Brought to you by @0x992 If the Gold Rush was centered around excavating tangible, scarce metal, then the crypto evolution, driven by smart contract platforms, revolves around harnessing digital scarcity. At the core of this transformation lies the notion of immutable tokens and assets – the very embodiment of digital scarcity. Traditional prospectors searched for gold due to its inherent scarcity and value. In the digital realm, smart contract platforms like Ethereum have facilitated the cre...
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Aug 26
What Drives Gold Prices and What It Means for Bitcoin?
Brought to you by @bitbear,Bitcoin's 15-year journey has solidified its position as a significant asset in global market. Amidst this transformative trajectory, the link between Bitcoin’s performance and monetary policies remains a subject of ongoing discussion. As we seek to comprehend shifts in the monetary regime and its implications for the crypto industry, a retrospective analysis of gold's price dynamics emerges as a compelling avenue to explore. At the core of both Bitcoin an...
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Aug 25
Did We Permatop in Smart Contract Network Adoption?
Brought to you by @bitbearThe market value of smart contract networks is a function of three variables: network profits (as a percentage of transaction fees), valuation multiples, and monetary premium(or liquidity condition). Valuation = Profits * P/E ratio * monetary premium(liquidity condition)source: https://ultrasound.money/While P/E ratios and monetary premiums are influenced by market sentiment and forces, network profits stem from actual network usage, making them less subjective. Belo...
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Aug 24
Builder Market: Now and the Future
Brought to you by @0xfanTLDR:The current builder market has undergone significant changes, with newcomers like Titan and Rsyc continuously expanding their market share, gradually overtaking the original share of 0x69 and others.The core factors determining market share are the ability to generate value from block building and the ability to capture order flow. Titan expands its market share through subsidies and a robust block building strategy.However, market share does not always align with...
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Aug 5
No More Game Over: The Rise of On-Chain Modding
Brought to you by @SerenaTaN5. We're committed to boosting onchain native public goods. If you're engaged in building, researching, or navigating the Autonomous World space, let’s connect. DM is always open.Games Are A Medium of ExpressionAs a game designer, creating games is a way of articulating oneself in a way that isn't possible through any other form such as writing poetries or novels. Today's gaming landscape is dominated by gaming giants. However, most of their gam...
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Jul 26
Towards the Multi-rollup Future
Brought to you by @0xfanTL;DR:Several rollups are presently engaged in constructing their individual L2/L3 application ecosystem through the provision of diverse SDKs. Nevertheless, certain hindrances continue to limit widespread adoption. One possible explanation for this is the development friction associated with building application rollups.Building a rollup using an SDK typically involves several stages that can cause development friction. These stages include node services, installation...
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Jul 22
Do Not Eat in the Library
By @bitbearIt all begins with us, nonchalantly eating in the library. Now...Ants in the Library Ant Alice and Ant Bob both aim to create the most powerful AI in the world. They require as much good quality knowledge and real user data as possible. For them, any other data accessible to others is not good enough because their competitors can also use the same data for training. They both want to have exclusive ownership of their data and prevent competitors from accessing the same data. So, be...
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May 4
How to Deploy a Sovereign Rollup on Celestia’s Local Devnet
Brought to you by @0xfan0. IntroductionRollups are intended to provide scaling benefits to Layer 1s. They consist of various components, such as a user client, VM, sequencer, proving system (especially for zk rollups), one or more mempools, and a bridge contract on the Layer 1. There are two primary types of rollups in use today: settlement rollups and sovereign rollups. These types differ significantly from one another. Settlement Rollups refer to the type that relies on the smart contract o...
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Mar 28
Dive Deep into the RollApp Ecosystem
Brought to you by @0xfanTLDR:The current ecosystem for Application-specific rollups (RollApp) comprises four types: RollApp SDK, Rollup-as-a-service (RaaS), Rollup-SDK-as-a-service, and Unified Sequencing Network.RollApp SDK helps create personalized rollups for developers. Typically, RaaS providers leverage Rollup-SDK to develop their services, which eliminates the need for coding rollup deployment, delivering a smart-contract-like development experience.While RaaS is primarily intended for ...
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Feb 27
What’s Changed and What Has Not in Crypto: 2023 and Beyond
We hosted our first annual general meeting with our investor and friends in January 2023. In this series, we will share some top takeaways from our reflection and thoughts on cypto in 2023 and beyond.Our First Annual General Meeting/@0x992 The idea of Smrti Lab started in June 2021 and we officially launched on Oct 1st, 2021. This AGM marks our first whole fiscal year. Bitbear and I have been head-down navigating the crypto investment since 2017 when we focused on crypto at Bob Xu’s family of...
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Feb 2
Shanghai Upgrade: Validator Withdrawal Process and Impact
Brought to you by @0xfanTL;DRSome articles written about the Ethereum withdrawal process have used outdated information. Here in this article, we reorganize the validator deposit-withdrawal lifecycle after the Shanghai upgrade and estimate to what extent the selling pressure and withdrawal waiting time might be like.For a partial withdrawer, since it only needs to join one waiting queue along with the full withdrawer and there is no churn function to limit its throughput, a much shorter waiti...
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Oct 10
We Can Only Find the Bottom If There is One
By @bitbear Bear Market Rally or Return to Fundamental?Figure 1. BTC, ETH and S&P500 Performances (1Y)Bear market rallies are not strange to crypto investors. There were five retests of the 6000 resistance level during the 2018 bear market, each followed by rallies that were increasingly weaker, which ultimately led to a final leg down to 3000 in November 2018. Similarly, we saw a relief rally in this third quarter of 2022, not just in crypto, but across all risk asset classes. The correlatio...