1 of 47

Based Rollups❤️ETH

you’re not bullish enough

mteam / Matthew�cofounder Spire Labs

2 of 47

A Brief History of Value Accrual

3 of 47

Gas Fees

EIP 1559, the burn

4 of 47

Data Availability

EIP 4844, blobs

5 of 47

MEV?

EIP ????, MEV burn

6 of 47

Restaking?

Selling a useful (?) service

7 of 47

So what?

8 of 47

and then we realized

9 of 47

Ethereum is the best sequencer

10 of 47

Ethereum is a sequencer?

11 of 47

Ethereum is a *L2 sequencer?

12 of 47

Ethereum Sequencing

13 of 47

Resequencing

14 of 47

Sequencing rollups AND Ethereum?

15 of 47

16 of 47

“Based Sequencing”

17 of 47

How Ethereum sequences

not important

18 of 47

19 of 47

there are other good properties of Ethereum sequencing, but by far the best is:

20 of 47

What Ethereum sequences

21 of 47

Network Effects

that has a lot (!) of network effects

22 of 47

23 of 47

1. Stablecoins

24 of 47

2. TVL

25 of 47

3. Developers

26 of 47

4. Contract Innovation

27 of 47

4. App Dispersion

28 of 47

5. Research + Dev Community

29 of 47

30 of 47

6. Native Asset

ETH is permissionless money
No VC unlocks
Actually reasonable issuance policy
The ticker

31 of 47

7. Global

32 of 47

Value Accrual

33 of 47

Sustainable Value Accrual

34 of 47

35 of 47

Sequencing is really valuable

36 of 47

37 of 47

38 of 47

Infinite Games in the Infinite Garden

or, how we actually do it

39 of 47

40 of 47

Who are the based rollups?

Taiko + Surge, Puffer
Gwyneth
Rise
Spire
Rogue

41 of 47

Harmony

42 of 47

Composability and Sovereignty

fragmentation is sovereignty?

43 of 47

appchains are dead, long live appchains

44 of 47

What about monolithic chains?

45 of 47

46 of 47

47 of 47

Stay Based

mteam / Matthew - mteam@spire.dev - @mteamisloading - ask for TG