🐋 Beyond looking at the funds, there’s another basic concept to understand: Layer 2 networks
In March 2024, Ethereum’s Dencun upgrade introduced blob data (EIP-4844), making it much cheaper for Layer 2 networks to post data to the mainnet.
Layer 2 networks are cheaper because they bundle many transactions together and submit them to the mainnet in one go, spreading the mainnet fees across many people.
$ARB and $OP are the governance tokens of Arbitrum and Optimism, respectively.
Every kind of return comes with its own risks. Make sure you understand the worst-case scenario first.
#ARB
This is not investment advice or a recommendation to buy or sell. You assume all risks.
In March 2024, Ethereum’s Dencun upgrade introduced blob data (EIP-4844), making it much cheaper for Layer 2 networks to post data to the mainnet.
Layer 2 networks are cheaper because they bundle many transactions together and submit them to the mainnet in one go, spreading the mainnet fees across many people.
$ARB and $OP are the governance tokens of Arbitrum and Optimism, respectively.
Every kind of return comes with its own risks. Make sure you understand the worst-case scenario first.
#ARB
This is not investment advice or a recommendation to buy or sell. You assume all risks.