People will also compare Solana to chains like BSC, Fantom and Polygon that gained users when Ethereum...such as Tornado Cash and Railgun not only operate on Ethereum but also on L2s and networks such as BSC...
And then we had like some of these Altel ones, like Polygon, BSC, Avalanche and stuff....big focus on like true performance until Solana kind of came around, uh, you know, even things like BSC...
USDC deposits on Zeta and deploys them across Aave (Ethereum, Polygon, Arbitrum, Optimism), Venus (BSC...), Compound (Ethereum), and Radiant (BSC, Arbitrum)....The bridge connects Stacks to BSC Mainnet and Ethereum.
...quantity, considering both the BNB price and the number of blocks generated on the BNB Smart Chain (BSC...A fixed ratio of the gas fee collected is burned in each block, with the ratio decided by BSC validators...
Merge:
— Bobby Ong (@bobbyong) Sep 5, 2022
Fee Models for Layer 1 Blockchains
1/ The economics of BSC...Anyone trying to build meaningful value accrual in an L1/L2should pay attention
Yes, BSC fills up a lot...(About double Ethereum and the rollups combined) But IMO the key driver of BSC is the high floor price...
...re unlikely to see them achieve an order of magnitude higher tps than L1 geth forks like Polygon or BSC...In the EVM space, Polygon is second to BSC in terms of capturing Ethereum users and has a very rich DeFi...
And I think this is just kind of interesting because I don’t think any of us really think BSC is at the...some of this is just forced and may not be like actual desired user behavior because when you look at BSC...is why it’s not too surprising to see that they’re the, I guess most actively bridged to chain like BSC...
Few may remember, but there was a lot of skepticism, pushback and mocking when chains like BSC and Polygon...Even as it stands today, Arbitrum makes up just 6% of Non-Ethereum EVM TVL, with BSC still holding ~50%...