WuShuo learned that Messari researcher AJC stated that Lighter’s TVL is entirely composed of USDC, which does not extend the monetary utility of ETH. Additionally, the project incurs only about $685 per day (approximately $250,000 annualized) in on-chain costs to Ethereum. This accounts for roughly 90% of Ethereum L2's daily TPS, but the actual activity provides limited benefit to ETH. Jarrod Watts from the Abstract team explained that the main reason is the current data block cost being as low as 1 wei. From Lighter's perspective, this allows them to secure L1 guarantees at an extremely low cost while benefiting from straightforward interoperability with other L2s. The primary issue, however, is the need to adjust blob fees and pricing. AJC believes that Ethereum should charge its L2s higher fees. However, if Ethereum raises fees for Lighter, it might incentivize the project to switch to other DA (Data Availability) providers. Link: https://t.co/Qv08xAE9Xj