Making Sense of Based Rollups
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- 🗿 Ethena Launches Blackrock BUIDL Stablecoin UStb. The BUIDL-backed stablecoin launches as a unique product offering alongside the controversial USDe.
- 👨⚖️ Judge Denies Tornado Cash Developer's Motion to Dismiss Case. The government's case against Roman Storm is heading for a final decision.
- 🤑 Guggenheim Tokenizes $20M on Ethereum. The tokenization experiment marks the latest investment firm foray into embracing Ethereum.
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📸 Daily Market Snapshot: Crypto's rate cut pump is trending flat. Last week's rapid transition to bullish price action has hit a ceiling, with prices for ETH and BTC largely holding steady since Monday morning. Meanwhile, altcoins are largely outpacing the majors, with nearly one-half of the top-100 tokens climbing by 10% or more on the week, led by Ethena's ENA, which is up 45%.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.28T | ↗ 2.3% | ↗ 4.6% |
|
BTC $64,992 | ↗ 2.3% | ↗ 3.2% |
|
ETH $2,638 | ↗ 2.1% | ↗ 7.0% |
|
SOL $155 | ↗ 3.6% | ↗ 9.0% |
Scaling Ethereum has been one of the most discussed challenges in crypto. To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions but still keep Ethereum’s security.
We now have optimistic rollups like Arbitrum, OP Mainnet, and Base alongside zk-rollups like ZKsync, all contributing to Ethereum's growth. They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.
This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and ETH.
Here's how 👇
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