dca:ing. I see many L1s are looking at pivoting into being eth L2s. Anyone know if MultiversX is looking at doing something similar? Market seems bullish on the L2 narrative. Btw love the chain & community on twitter even Im more silent here⚡️
Dgdg
Ychch
My little understanding of the benefits and drawbacks of L2s says that it would be a very bad idea for MvX to try that. Other than using resources (which are never enough, no matter how many devs and how much money you have) to gain publicity (which for MvX is far from the top of the priorities list), I don't see any technological reason for an L1 chain (MvX) to try to branch out into a L2 one (MvX on Eth). Maybe someone with deeper insight can give a better answer...
Naw. The MultiversX chain is superior to Etherium's.
Technically MvX is a better chain for sure but far less money and users and not much demand for the token (sadly). But I know MvX has a lot going for them, its just we need more TVL and overall action😊 thats to my understanding a big part of why L1s are converting to L2s: to tap into the money flows which are pretty much all on eth
interesting😉 I have another question: except scaling what is the utility of an evm L1? migration of a dapp? extension of eth apps to the chain? why using another evm l1 when you have ethereum and its upgrades. (slow and high fees? then use l2) I understand the possibility of choosing block time, tokenomics, validators count etc but except for that? now imagin an evm layer and eth l2 shard to bring full compatibilty and eth assets flow in mvx. not the same game.
We have the highest tvl to marketcap ratio sir..will be difficult to grow from here.
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