July 30, 2025
The next submit incorporates a recap of reports, tasks, and necessary updates from the Spartan Council and Core Contributors from final week.
👉TLDR
- Ethereum turns 10: A decade of uptime and composability.
- BaseVol: Constructing simplified crypto choices with quick durations and clear UX.
- Additional time: 600+ on-chain sports activities & e-sports markets, now that includes AI betting brokers.
- Synthetix Mainnet: Coming to Ethereum L1 for safety and deep liquidity.
- L2 fatigue is actual: Base is profitable, however most rollups are fragmented and UX-painful.
- Trustless betting issues: Customers are transferring from Web2 rugs to auditable, on-chain platforms.
- DeFi’s subsequent frontier: Brokers, bots, and people constructing facet by facet in Ethereum’s open sandbox.
Spartan Council and SIP updates
First, Ethereum turns 10 at this time! Ten full years of uninterrupted uptime — no halts, no reboots, no central switches to flip. That’s not simply spectacular for a blockchain, that’s fairly extraordinary for any international tech community.
To have a good time, Synthetix hosted a Spartan House with friends from BaseVol and Additional time Markets to speak concerning the community that began all of it. What adopted was a wide-ranging dialog on the whole lot from betting bots to scaling wars, so let’s briefly recap the decision.
First up was BaseVol, a workforce targeted on reimagining crypto choices as one thing that standard folks can really use. Neglect complicated technical jargon and bloated dashboards, as a result of BaseVol affords short-dated, intuitive, fast-settling choices. Suppose Robinhood UX meets DeFi volatility.
The workforce argued that with ETH and BTC volatility tightening and meme coin seasons maturing, customers are hungry for recent, high-upside performs, and choices are the proper device (if delivered merely sufficient).
Subsequent was Additional time, which began as a Synthetix experiment (Thales binary choices) and has now grown right into a full-scale, decentralized sportsbook. They now assist 600+ markets throughout conventional sports activities, e-sports, and international leagues — all trustless, on-chain, and KYC-free. And in a wild twist, bots are getting in on the motion: AI brokers like Billy Bets have already wagered over $1M on the platform by connecting to the API.
Throughout slower sports activities seasons, e-sports are filling the hole with Counter-Strike, Valorant, and Dota seeing surging curiosity. The neighborhood, and betting circulate, now rotates seasonally with international occasion calendars.
Later within the name, Burt shifted again to Ethereum (the birthday woman), the place Synthetix is getting ready to launch perps on mainnet. Whereas L2s provided cheaper transactions and experimentation house, they’ve additionally launched downtime, fragmentation, and bridging friction. Against this, Ethereum L1 affords the uptime, safety, and composability that actual merchants and liquidity suppliers want.
The protocol’s new perps product will settle instantly on mainnet, and combine natively with tasks like Ethena. This enables merchants to earn yield and submit margin with the identical capital, because of Ethereum’s distinctive composability.
After all, the group additionally mentioned scaling. Everybody agreed: L2s performed a vital function throughout gas-fee hell. However now? Most are too fragmented to assist sustainable, unified progress.
And Base is rising because the clear frontrunner — Coinbase assist, sturdy ecosystem, and actual customers. Most different rollups aren’t attracting sticky liquidity or compelling UX. Additional time confirmed they’re targeted on simply three chains: Base, Optimism, and Arbitrum. Extra deployments means increased infrastructure prices and thinner liquidity, which isn’t well worth the tradeoff.
To shut issues out, a person shared that they had been not too long ago rugged for $16,000 by a conventional sportsbook. That loss drove them to modify to Additional time, the place each guess, market, and payout is totally auditable. In an area typically referred to with uncertainty, this was a reminder that transparency wins in DeFi as a result of Ethereum lets customers confirm the foundations.
And now, with AI brokers getting into the world, a brand new section of DeFi is taking form. Ethereum isn’t only for people anymore — it’s for brokers, bots, and protocols speaking instantly to at least one one other in a world monetary sandbox.
All through the dialog, one theme was fixed: Ethereum is exclusive, and that’s what makes it work!
It’s stuffed with merchants, artists, builders, AI brokers, sports activities bettors, and even hackers — all figuring issues out as they go. That chaotic, permissionless tradition is what makes folks keep lengthy after the bull runs fade. It’s been ten years, and that is just the start.
