Debate: Every Large App Should Inevitably Launch Its Own L1 or L2
summary
Argues that as apps grow they spin up their own chains to capture fees, customize execution, and get cheaper block space, citing Pyth 10–20% of Solana txns and Worldcoin 50% of Optimism txns as precedents. Claims Solana’s TPS is ~3,000 versus ~22,000 for global credit cards to justify throughput pressure. Notes tradeoffs: lost composability, higher operational overhead (validators, incentives), and greater risk concentration, while pointing to Coinbase, Base, Arbitrum and Optimism as models of revenue capture.
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chapters (7)
- 0:00Introductions
- 0:58The case for app-chains
- 3:30The argument against app-chains
- 6:23Analyzing market examples
- 11:31Liquidity and composability
- 14:08VCs, users, and value capture
- 16:57Final thoughts and conclusion
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