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SUSTAINABILITY CHALLENGES FOR BITCOIN ROLLUPS According to Galaxy Research, Bitcoin layer-2 rollups may encounter sustainability issues due to escalating data posting costs. Gabe Parker emphasizes the importance of generating substantial fee revenue, noting that rollups could… https://t.co/zvdq7Eo6lZ
🚨 BITCOIN ROLLUPS FACING SUSTAINABILITY ISSUES Galaxy Research warns that Bitcoin layer-2 rollups may struggle long-term due to high data posting costs. Gabe Parker highlights the need for substantial fee revenue, with rollups potentially incurring up to $2.3M in monthly costs… https://t.co/zVDd7EObM7
hot take bitcoin L2s are just a marketing gimmick over the long term - only a few general-purpose rollups would survive if the only development u're doing is posting data on another platform. boy. u're not gonna last. do more than that. base won the L2 wars in the last… https://t.co/ji1YXKkRLO
A recent analysis by Galaxy Research highlights significant sustainability challenges facing Bitcoin layer-2 networks, particularly rollups, due to high data posting costs on the Bitcoin blockchain. The report indicates that these rollups may incur expenses of up to $2.3 million monthly, raising concerns about their long-term viability. Analyst Gabe Parker emphasizes the necessity for substantial fee revenue to maintain operations, suggesting that many Bitcoin layer-2 solutions may not survive in the coming months. The report has drawn attention from various analysts and commentators within the cryptocurrency community, with some expressing skepticism about the future of Bitcoin layer-2 solutions compared to their Ethereum counterparts.