Metabased rollups and their smart contract sequencers provide networks with a unique technical foundation that is able to support the full spectrum of decentralization models—from centralized to fully decentralized approaches and everything in between.
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This article explores economic mechanisms that might be implemented using metabased rollups, showcasing their potential to revolutionize how networks create, manage, and distribute value within communities.
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Today, we’re sharing our development of a powerful type of rollup we call “metabased” and a new community-led initiative with the same name.
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In our last post, we outlined the economic challenges that L3s face today to drive sufficient sequencer revenue. Unfortunately, it’s infeasible for most L3s today to break even.
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As discussed in our last post, L3s face real challenges related to economic sustainability. While Base generated over $30 million in sequencer revenue in the first quarter of 2024 alone, what’s working for a small number of L2s like Base, Arbitrum, OP Mainnet, and Polygon won’t also work for L3s.
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As the Ethereum ecosystem evolves, L3s have emerged as the next frontier. While the conversation today on L3s tends to focus on scaling, L3s represent an important leap forward toward unparalleled community-centric customization, architectures, and economic models.
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As L3 development accelerates, communities are looking for strong technical partners to enable them to build chains that align with their goals. Over the last 6 months, Airstack and Syndicate have been partnering deeply across the L3 ecosystem.
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Two months ago, our team decided to run an experiment by launching an L3 for Farcaster Frame developers. It was one of the world's first modular L3s using the OP Stack, Base for settlement, and Celestia for data availability.
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We’re excited to announce next week’s schedule for ‘Deploy on Degen’ Week. Virtual programming for builders will run from Monday to Friday, April 15-19.
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Before pushing into the world of L3s, our team at Syndicate has been building infrastructure since 2021 for developers and onchain communities ranging from .SWOOSH to FWB to more easily and scalably build mainstream-scale applications on L1s and L2s.
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Today Degen and Syndicate are excited to announce ‘Deploy on Degen’ week—a 1-week virtual program to accelerate developers building on Degen Chain—in collaboration with 1confirmation, /degen, SeedClub, and others. Apply to participate by Friday, April 12th.
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Last week, we helped Jacek, the founder of Degen, launch Degen Chain, the first Arbitrum Orbit L3 on Base with a custom gas token. In just a week since launch, Degen Chain has processed 14+ million transactions, 770k+ active addresses, 25k+ deployed contracts, and $60+ million bridged.
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Today, we’re excited to announce that developers can now use our Transaction Cloud for free to easily build onchain applications and experiences at scale on any EVM chain. To get started, check out our quickstart guide and set up your account here today.
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Today, we’re excited to announce the launch of Degen Chain, an ultra-low-cost L3 for the Degen community built with Arbitrum Orbit, Base for settlement, and AnyTrust for data availability. The chain’s native gas token is $DEGEN, making it one of the first community tokens with its own L3.
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What happens when we provide developers with exponentially more blockspace and lower gas costs to zero for a specific ecosystem and use case?
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