Are Based Rollups The Solution To Ethereum's Long-Term Value Capture?
Based rollups are a really interesting design because they offer MEV to the L1 (which acts as the sequencer) rather than accruing the value to the rollup operator. This has been the biggest argument for L2s being parasitic to the L1. We think based rollups change that for the better. The core issue still remains, however: Current rollups likely will not opt-in to based designs because they will lose their sequencer revenue and entire business model would have to undergo a dramatic shift. Today, we’re diving into the world of Gwyneth, a rollup solution aimed at solving some of the most…
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