Is there any actual new utility for snt being prepared, or is snt no longer part of the product direction?
I understand the utility link between Karma and SNT.
What I’m still trying to understand is why SNT’s value should grow as network grows.
A project can succeed without its token necessarily repricing.
So beyond SNT’s role, I’d like to better understand value capture structure.
So where does the value actually accrue?
Will liquidity stay after incentives are gone?
Will it turn into real usage and fee generation?
And will that ultimately create demand for SNT?
This is the stage where the market wants structure, not just numbers.
Status TVL is now $10.95M.
That may be worth celebrating.
But the key question is simple:
If Status succeeds, does SNT rise with it?
For now, the structure is still heavily centered on WETH and GUSD, while SNT remains a small part of the TVL mix.
@StatusL2 @0xcyp
David retweeted
After I posted @StatusL2 yesterday a few people mentioned they had never heard of them lol.
(I liked that someone mentioned @ethstatus along the line)
Well where did Status Network come from?
StatusL2 is not just a random build, like how would LineaBuild pick a random project alongside big guns like consensus? They didn’t just appear overnight guys.
Status has been quietly building core Ethereum infrastructure for years long before “gasless L2” became the headline.
Let's dive in further shall we?
Status started in 2017 as a privacy first mobile app>
• Secure messaging
• Crypto wallet
• Web3 browser
The mission > make Ethereum accessible plus censorship resistant, but to do that, they realised the Ethereum stack needed more than apps.
It needed a solid infrastructure.
So Status got to work on building the missing pieces.
• Waku > a decentralized messaging protocol, built to replace Whisper and power secure, p2p comms for Web3 apps.
• Codex > a decentralized storage, A censorship resistant way to store plus retrieve data.
• Nimbus > a lightweight Ethereum client, Optimized for mobile plus resource limited devices.
These were not mere side projects.
They became foundational parts of the Ethereum ecosystem.
Waku > now used beyond Status itself
Nimbus > a respected client in Ethereum consensus
Codex > paving the way for decentralized infra
This background explains why Status Network looks different from most L2s.
They did not start with a token.
They did not start with sequencer fees.
They started with infrastructure plus good principles.
The StatusL2 is just the next chapter.
By combining what they have learnt
• Privacy (Waku)
• Lightweight scalability (Nimbus)
• Data availability (Codex)
They are building an Ethereum native rollup that is
Gasless
Spam resistant
Sustainable
So when you hear Status equals gasless L2 remember the roots.
This is a project with 8+ years of history, building tools that Ethereum still relies on today.
The StatusL2 is the culmination of that journey not the start.
Status is not just another L2 launch.
It is the continuation of a vision
> Private communication.
> Sustainable infrastructure.
> Credibly neutral coordination.
You can find out more about StatusL2 from their website.
David retweeted
Over the next several weeks, we're spotlighting the founding stewards of the Linea Consortium, the trusted Ethereum-native organizations managing 75% of the LINEA token supply for ecosystem growth.
First up: @StatusL2, a builder aligned with our values since day one.
@LineaBuild = scale + security, @StatusL2 = gasless + community-first. Unbeatable combo.
David retweeted
status season 2 incoming
think base app but with a focus on privacy
Fun fact:
@ethstatus for mobile was pretty much ahead of its time. Things you see in @base that exist(ed) in Status:
• chat (based on @Waku_org )
• group chats
• transactions (via chat also)
• integrated wallet (multichain support)
• mini apps (via built-in browser)
• social (via Timeline, also @Waku_org based, though, experimental)
• device syncing
@ethstatus was the super app all along.
David retweeted
we are part of @ethstatus
SNT is deeply integrated into Status L2:
- holders will be able to stake SNT to secure the spam protection in the gasless L2 design
- there will also be an SNT buy back and burn program using the L2 native yield
This is exactly why I switched to @ethstatus — no centralized data, no logins to leak. Privacy by design.
@ethstatus has always been pushing boundaries—from secure messaging to L2 infra. Joining SER with 23K ETH just shows their long-term vision.
