Is crypto failing? Some good skepticism, followed by some Bitcoin maximalism. Still, worth a read.
A lot of DAI is backed by USDC 🤣 (plus, a reddit discussion on the topic)
Transactions on Aribitrum (an Ethereum layer 2 optimistic roll-up) cost about $2-3 right now. Better than Ethereum but still expensive.
Arbitrum is currently dominating Layer 2 transaction volumes and soon reaching about 10% of total layer one volume on Uniswap.
The start of a long rabbit hole into defining the security budget of Bitcoin.
A good debate between BTC maximalists and ETH maximalists.