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Crypto Setups Founder | DeFi educator | Eye on Icon - Podcast Co-host

Joined October 2011
Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)Photo by CryptoSetups 🪩 (@CryptoSetups_)
With competition in the L1 space at its peak, could Avalanche be the network that provides the infrastructure and appeal for anyone to build and participate on? In this episode, @MattSchmenk discusses everything @avax —from its L1 ecosystem to how programs like Boost are bringing the fun back to DeFi.
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EP 1: Migration – Finding Hope in a New Realm I’ve personally launched a small side project in collaboration with VIIM Studios in Korea. Nothing huge. Just a fun experiment combining A.I. and storytelling. @gosodax team is obviously obsessed with crypto. But here’s a fun fact: a lot of us are also big anime fans. So I thought… why not mix the two? As the title suggests, the theme of this first episode is $SODA Token Migration. The 'New Realm' is @SonicLabs, of course! Can you spot other metaphors in the vid? If you enjoy this kind of content, please Like, Share, and Follow. I’d also love to hear your ideas for future episodes — drop your thoughts in the comments! Sodie has just arrived in the New Realm — a dazzling, neon-lit world where night and light blur together. Lost and disoriented, she stumbles a mysterious vending machine called SODAX. Hesitant, she inserts a foreign coin called ICX, unsure if it will be accepted. The moment the machine whirs to life, everything changes. Shadows give way to light, uncertainty transforms into wonder, and a new possibility emerges. This encounter marks the beginning of Sodie’s journey as a ‘Solver’ — a rare courier capable of traversing realms and keeping humanity connected.
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Took a break from money markets to tackle the exchange upgrade & widgets. Now we’re back with the signed-out state, which includes a calculator to remove the guesswork before you take action. Still lots to do, but finally happy with the core experience. balanced.network/preview/mar…
At the start of the design process, every concept is high-level. Raw. Blurry. As we hone in on the solution, we layer in details to improve clarity & focus. Each layer requires more effort than the last. Our interactive demo is ~70% complete. Now to tackle the last 30%... 😮‍💨
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Can't miss Drinks with Raoul tomorrow at 6p ET I'll be giving away 1000 $USDC to one lucky winner! To enter: 1. Join the @RealVision waitlist (link below) 2. Drop a screenshot with the email confirmation & mention 2 friends in the comment (NO bots!) 3. Like & RT this post
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Approval to begin Network-Owned Liquidity (NOL) migration to @gosodax Liquidity Loading... ▓▓░░░░░░░░░░
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Welcome to our first 1,000 followers! 🥤 Join the waitlist @ sodax.com
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The Balanced trade experience just levelled up. You can now see the USD value of your swap, supply, or transfer upfront, so you can complete your transactions with confidence. Try it out from app.balanced.network/trade.
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I was told Solana is beating Ethereum in every metric so I decided to compare metrics: Total Value Locked: Ethereum: $75.825B ✅✅✅✅✅ Solana: $10.376B Protocols: Ethereum: 3714 ✅✅✅✅✅ Solana: 181 Active Addresses: Ethereum: 2.04m Solana: 6.49m ✅✅✅ Fees 24h: Ethereum: $6.32m ✅ Solana: $11.26m Stablecoin MC: Ethereum: $97b ✅✅✅✅✅ Solana: $4.5b Revenue 24h: Ethereum: $4.79m Solana: $5.63m ✅ Volume 24h: Ethereum: $2.8b Solana: $6.8b ✅✅ Inflows 24h: Ethereum: $77.82m ✅✅✅✅✅ Solana: $2.45m Market Cap: Ethereum: $365b ✅✅✅ Solana: $110b RWAs: Ethereum: $2.98b ✅✅✅✅✅ Solana: $134m ... Idk man, one of these two chains seems to be more clearly dominating the metrics to me. The numbers make sense given their narratives. Solana is the home of the shitcoin casino (i.e. volume) while Ethereum is where people trust to store absolutely massive amounts of value.
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Beam Chain was the biggest announcement at Devcon, introducing 9 major upgrades for Ethereum. But most people still don’t understand them... So, here are 9 tweets to explain the 9 upgrades: 🧵
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Andre absolutely ratio’ing Brian Armstrong? I’m thinking he’s so back. Full 2-hour podcast dropping imminently on @therollupco — his first pod in several years 🫡
This quoted post is unavailable.
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2nd November inflows and outflows
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Ethereum's future is increasingly pointing towards - Appchains - Based Rollups @Spire_Labs asks: What if every L1 smart contract is also a based-rollup appchain? The L1 scales like an L2, but everything stays on the L1 Rollups become Ethereum again
Sovereignty and Composability: breaking the appchain tradeoff once and for all Spire Labs has raised $7m to orchestrate the development of the Based Stack - the next generation of based rollups.
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The endgame is clear: An ecosystem of interconnected chains, with the gas and cross-chain complexities abstracted away from the end user, with thousands of applications used by millions daily. Every new user on a rollup, appchain, L2 is a net benefit to Ethereum and crypto as a whole.
From a world of fragmented L1s with limited scale, no interoperability, fractured security, and partial decentralization To hosting infinite chains, each one faster than the fastest possible L1, with interoperability, and cumulative security Ethereum's rollup-centric roadmap is so successful, it's destined to be taken for granted by NPCs
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No. Adding some context (and data) changes the story regarding flows to Solana from other chains👇 Over the last month, @base is #1 in terms of net flows ($463m). @solana is #2 with $197m of net flows. @SuiNetwork #3 with $120m. If we zoom out to Year-to-Date, @arbitrum ($2.4b), @optimsimFND ($2.2b), and base ($1.6b) lead all chains. But the only thing that really matters for Solana is pulling TVL from Ethereum (and the L2s). Why? That's where all the value sits today. Is it happening? Not really. Here's the data (via @artemis__xyz) 1. YTD, Solana has lost TVL to Base, OP, and Arbitrum (albeit small numbers, about $55m) 2. Solana has seen $2.36b inflows from Ethereum L1 YTD, with over $1b flowing back to ETH (42%). *2.7% of Ethereum's TVL went to Solana YTD, modest figures* 3. Ethereum has seen $6b of net outflows YTD, but 83% of it went to L2s (stayed in the ecosystem, where it can continue to drive value to the L1). In total, 82% of the value that left Ethereum YTD found its way back to the L1. ---- TL;DR: Solana is pulling some TVL from Ethereum, but it's quite modest. 42% of value that went to Solana from Ethereum made its way back to Ethereum this year. Most of the value that leaves Ethereum makes its way back to the most secure and decentralized L1. And most of the value that has left has gone to L2s (stayed in the ecosystem). Data: powered by @artemis__xyz
This will probably the modal daily headline for the next year or so
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30th October: Real inflows and outflows.
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Ethereum is the sum of the L1 and all of the L2's built on top of it. Scaling Ethereum blockspace is also scaling ETH the asset as a commodity money. While not all blockspace is created equal, we should work to scale all of it as much as possible.
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Vitalik dropped 6 detailed articles about the Ethereum roadmap Here's our condensed ELI5 cheat sheet 👇 ======================================== @VitalikButerin's latest articles have been part of a series, "Possible futures of the Ethereum protocol," with each post diving deep into a major pillar of Ethereum's roadmap: 🔀 Part 1: The Merge 📈 Part 2: The Surge 🔥 Part 3: The Scourge ✨ Part 4: The Verge 📤 Part 5: The Purge 🎉 Part 6: The Splurge These are some of the most foundational writings on Ethereum we've seen in its entire history; that said, there's also a lot of info to take in here... Before or even as you dive into these posts, you may find it helpful to have a bird's eye view of what each major upgrade is focused on to better grasp Vitalik's technical writings on the Ethereum roadmap. 🔀 The Merge The Merge, completed in 2022, marked Ethereum's transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS), cutting energy consumption by 99% and enhancing network security through staking. However, according to Vitalik Buterin, upgrades related to The Merge are ongoing. The goal moving forward is to speed up transaction confirmations, reducing the wait time to as low as 4 seconds. Vitalik shared that another goal related to The Merge will be to lower the staking requirement from 32 ETH to just 1 ETH, allowing more people to participate and help secure the network. By speeding up confirmations and making staking easier for everyone, Ethereum will become even more decentralized without compromising its security. 📈 The Surge The Surge is all about making Ethereum faster and more scalable, aiming for over 100,000 transactions per second (TPS). This will be done by optimizing Layer 2s and improving data storage techniques. A big part of The Surge was EIP-4844, introduced in the Dencun upgrade earlier in 2024, which added “blobs"— new blockspace for storing L2 data. Next, PeerDAS, expected in the Pectra upgrade in 2025, will enhance how Ethereum manages these blobs, boosting network bandwidth while keeping costs low. Data compression will also help by making transactions smaller, which will further improve the efficiency of rollups. These upgrades will make Ethereum much more scalable while keeping it decentralized and secure. 🔥 The Scourge The Scourge tackles a major challenge: centralization risks in Ethereum’s staking and block creation processes. Right now, building blocks — the process of choosing which transactions go through — favor big players who use advanced algorithms to earn more money. This can lead to transaction delays or manipulation, which isn't good for Ethereum’s decentralization goals. To fix this, Ethereum plans to split the block-building job into smaller, more manageable parts. One proposal, called inclusion lists, would allow smaller validators to ensure that certain transactions get included in a block, reducing the power of big block builders. Additionally, ongoing research into encrypted mempools aims to improve security by hiding transaction details until they’re confirmed. A mempool is a waiting area for transactions before they’re added to a block. Currently, anyone can view these pending transactions, which allows block builders to reorder them for profit (a practice known as MEV, or Maximal Extractable Value). By encrypting mempools, transaction details would be concealed until confirmed, reducing opportunities for manipulation. In addition, Ethereum is looking at ways to reduce the rewards for staking to prevent too much of the network’s wealth from concentrating in the hands of a few large validators. These combined efforts aim to keep Ethereum decentralized and protect users from exploitation. ✨ The Verge The Verge focuses on making Ethereum easier and cheaper to run, especially for people running their own nodes. Currently, running a node requires storing hundreds of gigabytes of data, which can be a barrier for many users. The Verge aims to change this by introducing "stateless clients" that don’t need to store all that data. Instead, they’ll rely on cryptographic proofs (either Verkle trees or STARKs) to verify the blockchain. Stateless clients mean that even a phone or a basic laptop could fully verify Ethereum. This would greatly expand who can help run and secure the network, making it more decentralized. In the long run, Ethereum aims to use cryptographic proofs to verify entire blocks so that even low-power devices can quickly confirm that everything on the blockchain is correct. The Verge also looks at making Ethereum quantum-resistant by possibly replacing Verkle trees with a more future-proof alternative, ensuring the network can withstand emerging technologies like quantum computing. 📤 The Purge The Purge looks to make Ethereum leaner and less complex over time. As blockchains grow, they tend to accumulate more and more data, which every node must store, making it harder for new nodes to join the network. The Purge tackles this problem by reducing the need for nodes to keep all historical data and unused protocol features. One goal of the Purge is history expiry, where older data — such as transactions and accounts — are stored in a distributed way, similar to how torrent networks work. Instead of every node storing every past transaction, each node would only keep a part of this history, with other nodes storing other parts. This way, Ethereum stays secure and decentralized, but nodes don’t need massive storage to join the network. Another part of the Purge is state expiry, which addresses the growth of “state data” like account balances and contract storage. This involves automatically removing or archiving unused data over time, making it easier to manage Ethereum’s long-term storage needs. Moreover, the Purge will be aimed at cleaning up old, rarely-used network features, simplifying the code to keep Ethereum efficient and accessible. 🎉 The Splurge The Splurge is Ethereum’s “finishing touches” phase, focused on various improvements that don’t fit neatly into other categories but are crucial for enhancing Ethereum’s user experience and technical robustness. One of the Splurge’s main goals is optimizing the Ethereum Virtual Machine (EVM), Ethereum’s core computational engine, to make it faster and more secure. This includes adding features like account abstraction, which allows users to create flexible, user-friendly accounts with advanced security options. The Splurge also works on improving transaction fee mechanics to keep costs stable and fair, even as network demand fluctuates. Additionally, the Splurge continues exploring advanced cryptographic techniques that could make Ethereum more resilient to future technological shifts, such as quantum computing. These upgrades aim to future-proof Ethereum, ensuring it remains a reliable platform for decentralized applications in the long run. 🔮 Zooming out These six major upgrade phases are the pillars of Ethereum's evolution as a meticulously architected, multi-layered system that balances innovation with practicality. These phases aren't isolated but intertwined, with each upgrade balancing immediate needs and future-proofing the network. Through this layered approach, Ethereum is aligning itself to serve as an excellent foundation for global-scale applications and interactions — the kinds we've all come to expect online, plus ones we’ve yet to even imagine. Along the way, the network's intentional design will ensure that Ethereum remains adaptable, inclusive, and resilient. Authors: @davewardonline & @wmpeaster ✍️
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🔒 Security reminder. Revoking authorization for unused or untrusted dApps is a best practice for maintaining wallet security and ensuring only trusted applications have access to your funds. Here's how you easily do it in Hana 👇 support.hanawallet.io/en/art…
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Actual Inflows and outflows for the 29th when more chains are included. If money is moving to l2s, it's still Ethereum. It is easy to skew data if all chains aren't included.
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