Skip to content
FIN-03

Ethereum & Layer-2

Rollup economics, execution roadmap and where activity actually settles.

Recent

  1. Research noteET-2026-0453

    One dimension measured against many

    A simulation compares a post-Glamsterdam single base fee with EIP-7999 configurations, and finds the baseline permits 288–403 GiB of state growth a year.

    3 minSource: Ethereum Research

  2. Research noteET-2026-0452

    One lane, and no way to say you can wait

    Transactions differ in how their value decays with time. Ethereum prices all of them with a single scalar fee, and reads the result as a capacity problem.

    3 minSource: Ethereum Research

  3. AnalysisET-2026-0451

    A committee of 512 votes on the payload

    Mike Neuder walks through ePBS as it stands in EIP-7732: the proposer signs a bid and the builder publishes the payload three seconds later.

    3 minSource: Ethereum Research

  4. Research noteET-2026-0450

    A timing game that costs honest validators 15%

    A proposer who broadcasts late makes honest attesters vote for the wrong head. A distance-weighted reward is proposed to cut the loss to 4.71%.

    2 minSource: Ethereum Research

  5. Research noteET-2026-0449

    A data availability proof checked by a machine

    leanDA's cryptographic core now has a Lean proof of completeness and binding, covering the optimisation that made it practical.

    2 minSource: Ethereum Research

  6. News briefET-2026-0448

    Glamsterdam gets a testnet you can join

    Platåberget runs for months rather than days, and it breaks any tool that assumes a fixed maximum gas limit.

    2 minSource: Ethereum Foundation

  7. Research noteET-2026-0447

    Four ways to price more than one resource

    EIP-7999 asks how execution, state growth and data can carry separate base fees behind a gas interface that only knows one number.

    3 minSource: Ethereum Research

  8. AnalysisET-2026-0446

    Rollups stopped competing on cost and started competing on distribution

    When fees are a fraction of a cent everywhere, the differentiator is who already has the users.

    $0.003▼ −41%median L2 transaction cost

    10 min

  9. Research noteET-2026-0439

    Sequencer revenue is the business model, and it is centralised

    The part that earns is the part that has not been decentralised.

    $96M▲ +12%annualised sequencer revenue, top five

    6 min

  10. AnalysisET-2026-0432

    Client diversity improved; operator concentration did not

    Two different concentration risks, frequently conflated in the same chart.

    38%▼ −3ppstake on largest client

    7 min

  11. Market briefET-2026-0425

    Blob pricing found a floor and stopped being interesting

    Supply exceeded demand for most of the year, which is the point.

    0.9▲ +0.2average blobs per block

    5 min