Degen

1/9 GM Degens, after careful consideration—because it affects you most of all—we’ve decided to share with the community the difficulties we’ve been facing in migrating DEGEN L3 to a new service provider, which has delayed some exciting features. https://paragraph.xyz/@degentokenbase/a-frustrated-migration

Can we just not do the L3? Let's go with Base and let it rip...market is too hot to be mired in this and I haven't heard a compelling reason for why we need an L3.

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Engineering Project Manager | Herding engineers and dodging scope creep | Running on caffeine and last-minute deadlines

I’ve never considered gas costs on L2, as an individual user. 10k txs a year is $100 and I’d say that that many transactions is way higher than most people do. I’m sure I’m missing something, but I don’t know what.

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This is the reason. Onchain cheap transaction for 0.001 cent. On base it costs 1c

Trump said the same exact thing

1528 $degen

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This is a great answer, thank you. I was thinking there’s an infra arguement that I wasn’t considering.

But I worry about the audience/user problem. L3 is kind of a pain in the ass, though what @deployer has done with hamchain is a great example of how to completely involve an l3. Namely, having fun stuff to do with your ham on L3.

The way we think of L3s:

Optimized, batteries-included dev experiences for devs who want to go fast

The key complaints we hear about developing on L2s:
- too expensive to throw out a cheap experiment
- hard to get attention of the chain for custom precompiles, oracles, and other features
- unsuitable for high volume applications like games, ridesharing, microtransactions, etc

DEGEN L3 and its associated services on, eg neynar or dune, are the de facto oracles for farcaster data, and soon a cluster for handling namespaces and payment rails across social networks

Running these use-cases economically on Base may be possible during the bear market, but we remember the costs when Base volumes were hot

We have a lot of work to do to decentralize the L3 nitro and sequencer, but make no mistake that L2 throughputs and costs are still a far cry from competing with Visa, Uber, or Venmo scale