Why MegaETH?
Why do we need another blockchain?
“First realtime blockchain… It’s a paradigm shift in what’s possible onchain” @0xBreadguy
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I just rewatched the Daily Bone with @rcivNFT and @Chilearmy123 from this morning and I cannot be more bullish on MegaETH.
I hear what you're saying with your bearcase, Clemente, I do. It's hard to build a blockchain and launch a token that holds up it's value. Since the show, the team has come out with the value prop of the token and the use case of the token so I understand yall didn't have all the information at the time of the show (ill let you take a look at that on your own but its pretty cool).
But you're EXACTLY right with your thesis, Ray. This chain is NOT FOR US. Sure, some of us are going to be playing around with different trading platforms and defi strategies but the VAST MAJORITY of the volume is going to come from huge institutions, market markets, etc.
For instance, lets say I'm a huge market maker/trader and I have the option of choosing a chain that updates prices every 12 seconds (like ETH), that is a HUGE disconnect between the price i place my trade or my swap or liquidity to when it's actually settles. This goes beyond ETH main net though, even Artbitrum and Avax have 2 second settlement times. This is WAY too slow for people who might be trading on-chain securities. These trades need to be done within nanoseconds.
I clipped a snip from @ChrisJourdan and @0xBreadguy interview from this morning because these exact questions were asked and I think the way Bread answered them were perfect to get me excited about the opportunities of MegaETH.
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