that has been our thesis at @StatusL2 for the past year or so:
- gas is going to 0
- sequencers are not going to make money
- chains can capture native yield
- chains can capture apps fees
- chains should reinvest all of their net revenues into apps and attracting liquidity
Reflected on this, and realized it opens up something bigger than just a new revenue source for MegaETH.
If successful, it removes the sequencer as the most-profitable thing in our stack.
That single-handedly makes the path to decentralization more-likely than ~all other sequencer-based constructions.
Base, Arbitrum, etc al all lean on block building as their sole revenue source (and is why they're reluctant to give it up).
With this we can both out-earn competitors and give up our sequencer without nuking our profitability.
Introduce a rotation, just like Solana leaders, give them access to the mempool for backrunning and maybe some tax fee sheckles on top, and boom:
you have a chain which is maximally scalable (no consensus), decentralized (rotating sequencer) and secure because it settles to Ethereum.
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