The risk of successful protocols moving to app chains like Cosmos to avoid Ethereum's moat - can this not be mitigated by the L3's / Superchains which are currently be developed on top of Optimism for example? & If thats the case, ultimately Ethereum will be the base layer again even though that the fees arriving might be lower than what it is now.
ENS numbers are really interesting. I wonder what the term is like on renewals. Need to look into that one - I bet it would suggest another long term view of holders
Hi! Quick Question to your thesis:
The risk of successful protocols moving to app chains like Cosmos to avoid Ethereum's moat - can this not be mitigated by the L3's / Superchains which are currently be developed on top of Optimism for example? & If thats the case, ultimately Ethereum will be the base layer again even though that the fees arriving might be lower than what it is now.
JohnC - renewal numbers look pretty good. Here is a dashboard on Dune for reference: https://dune.com/queries/6535/12981
ENS numbers are really interesting. I wonder what the term is like on renewals. Need to look into that one - I bet it would suggest another long term view of holders