Thanks, Shanners. How chains can build moats and best tokenomics practices are great topics, and we will follow up with a piece on them soon.

When it comes to utility beyond governance, I find some L1 tokens to be in an interesting spot. Sui and Solana for example have rent/burn mechanisms to allocate state and manage state growth but that isn't strong enough to push back on token unlocks. We'll look more into these.

Thanks Theo!

Nuffle Labs pivoted to https://moremarkets.xyz/, but otherwise,  I don't see sufficient demand for NEAR DA coming in.  They don't have any major L2 integrations as of now, only RaaS type integrations with service providers like Polygon CDK and Arbitrum's Orbit, but everyone has those integrations. NEAR claims to have 16MB/s of DA throughput, but you have EigenDA with 15MB/s, providing the added perception of ETH alignment. MegaETH will be using EigenDA. Eclipse is using Celestia rn. 

Sui's Walrus, which is a storage protocol like Filecoin/IFPS, could also be used as a DA layer, but again, like Near DA, it hasn't seen any demand from L2s.

For now, we have TIA, AVAIL, and EIGEN as decent contenders. TIA, apart from scaling its DA, is also working on zk accounts and lazybridging. EigenDA is laying out a path to 1 GB/s DA throughput. AVAIL recently announced Turbo DA, which has 250ms pre-confirmation times compared to Celestia's 10mins.

DA could be an interesting theme going forward. We'll have a more detailed comparison soon.

Very well written as always!

What an excellent read! Narratives and jargon keep churning out through and through. We need more non-consensus, use-case-driven optimists.

Yeah. GTM for such solutions is pretty hard because

1. If you don't have your own Oracle, it is difficult to maintain control over the solution, given that an Oracle price is what is being auctioned off.

2. You'd need to have an accumulated reputation with lending protocols for them to trust you with a super important component of their protocol.

So unless you are an established Oracle or a service provider with good reputation, it is hard to bag partnerships with dominant lending protocols, i.e. where all the liquidations happen.