The rollup wars have entered their next chapter. My thoughts on @optimism vs @arbitrum: I’ve been an Optimism bull for years, but the pendulum swung toward Arbitrum after writing this report and were further solidified as I reflected on a recent @theempirepod with @ajwarner90, @sgoldfed, and @JasonYanowitz. Don't get me wrong, the battle is still underway and is ~50/50, but Arbitrum has crafted a strategy that aligns incentives better. This is starting to show. I always dug Optimism’s RetroPGF vision, but does it yield long-term value generation and revenue growth?  Maybe, but not explicitly. You can reward builders of dev tooling, governance, and interop with grants, but is that more effective than what ArbitrumDAO is allocating tokens toward? I don’t think so.  • Arbitrum Gaming Ventures (AGV) will (hopefully) return multiples to the DAO.  • STEP purchases yield-generating RWAs that generate interest for the DAO.  • Timeboost has internalized MEV at the protocol-level, attracting projects like @robinhood while massively increasing the DAO’s revenue potential (we’re already seeing this).  ArbitrumDAO has full authority over the treasury. They are incentivized to approve funding toward proposals that create long-term value to be captured by the DAO itself. Shots on goal for $ARB tokenholders.  Also, OP Mainnet momentum has died down in favor of the Optimism Superchain. Meanwhile, Arbitrum’s focus has split equally between Arbitrum One and Arbitrum Orbit. The power of the canonical chain was on display with the Robinhood deal. It’s viable to launch on Arbitrum One before launching Robinhood Chain. It’s one of the most liquid and active chains. Would it be viable to launch on OP Mainnet, then on the Optimism Superchain? Sure, but not as compelling. I still love Optimism, and their ethos! They have done great things for the space and I'll be covering the Superchain in more depth next month.  That being said, my long-standing opinions have shifted. Arbitrum has renewed momentum. You're already seeing it with hype for @convergeonchain and @talos_is, not to mention @RobinhoodApp.