If you don't know your numbers, you don't know your crypto! In this week's episode of The Rundown, Michael and Shiv discuss the elements of the Ethereum tech stack and the economics of Ethereum Layer 2 networks. - What are the margins of Ethereum L2s?- How much revenue is running through L2s today?- How many transactions do they need to support to onboard the next billion users?- How do their fundamentals stack up against each other and the alternative L1s?- What are some good mental models for thinking about L2s and value accrual? We covered these topics and much more (including Bitcoin Mining Energy FUD 😁) Subscribe on YouTube: https://www.youtube.com/channel/UCGQqZBVIFO8agRSJ1gQCMKw?sub_confirmation=1 Subscribe on Apple: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/