Do Appchains Make Sense?
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📸 Daily Market Snapshot: The NFT market's brutal years-long reckoning has hit few communities harder than Bored Ape Yacht Club, but the VC-rich team built around the project has been determined to keep the action going for its flagship collection. Its latest moonshot bet is ApeChain, which launched this week and has been causing volatility to spike – APE is the biggest gainer on the week, up 77%, but also the biggest loser on the day, down 17%. Where will it settle?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.33T | ↘ 0.5% | ↗ 1.7% |
|
BTC $67,477 | ↘ 0.3% | ↗ 1.1% |
|
ETH $2,631 | ↘ 1.6% | ↗ 2.1% |
|
SCR $1.18 | ↘ 15.3% | ↘ 6.5% |
As Ethereum continues steadfast in its pursuit of rollup-centric scaling, one glaring question continues to go unanswered: when do appchains actually make sense?
Uniswap’s recent announcement of the Unichain has reignited debate about when it's appropriate for an application to launch its own chain, and although community consensus has yet to be definitively reached, Unichain appears to be a perfect case study for this broader question.
Today, we’re dissecting two drastically different rollup-based constructs and discussing why not all appchains are created equal 👇
Cartesi has a challenge for all talented devs! Try to hack their Honeypot dApp. Compete in a bug-bounty initiative to test, scrutinize, and refine the underlying code of Cartesi Rollups!
- 🏦 Panoramic Governance - Abstract
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- 📱 Farcaster’s Big Identity Shift - Humpty
- 🔮 Possible Futures of Ethereum Pt. 2: The Surge - Vitalik
- 🌊 Possible Futures of Ethereum Pt. 3: The Scourge - Vitalik
- 🤖 Memecoins as Memetic Hygiene for LLM Backrooms - YB
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