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Rewriting Business with Blockchain
The Blockchain Wave
Welcome back!
Just like the early days of the internet,
blockchain is still a baby just starting to crawl, but already showing signs of the giant it’s gonna become.
So lets dive in 🏊♂️
FUTURE OF CRYPTO
Problems that Need Fixing
Narratives in crypto are born out of problems waiting to be solved, and trust me, there are plenty of them.
The Big Problem #1
On-Ramping - Jumping from your good ol' cash to crypto is a royal pain.
Banks be like "Oh, you wanna buy Bitcoin? Sure, let me slap on some fees, delay your transfer, and maybe block it too. Good luck!"
Fees pile up. Hurdles are everywhere. It’s like they’re actively trying to make you hate crypto. Total. Buzzkill.
The Solution
Enter Decentralized Finance (DeFi)
The ultimate middle finger to banks, governments, and anyone else trying to gatekeep your access to digital assets.
Here’s the deal:
DeFi works without intermediaries. No banks. No brokers. Just you and some sweet, sweet code.
It’s powered by smart contracts (basically, self-executing agreements written in code).
Want to lend, borrow, or trade? DeFi lets you do it 24/7, no banker approvals required.
It’s like having the entire financial system in your pocket.
Revolutionary, right?
But hold up DeFi’s not perfect.
Yet.
The Big Problem #2
Ethereum Traffic - Most DeFi runs on Ethereum, and while Ethereum is amazing, it’s also kinda like a busy freeway during rush hour.
Everyone’s trying to get somewhere (send a transaction, swap tokens, mint an NFT), and you’re stuck in traffic.
Why?
Ethereum can only handle so many transactions at once. When demand spikes, fees skyrocket.
A simple $10 transfer can cost you $50 in fees. Make it make sense.
The Fix: Ethereum Layer 2 Solutions
This is where Layer 2 solutions like Arbitrum ($ARB) swoop in to save the day.
Think of them as the express lanes on Ethereum’s congested freeway:
They take transactions off the main Ethereum chain (Layer 1) and process them on a faster, cheaper Layer 2 network.
Once processed, they bundle them up and send the results back to Ethereum for final confirmation.
The result?
Lower fees, faster transactions, and fewer headaches.
Here’s an overview of the Top Ethereum Layer 2 solutions in 2024:
Layer 2 Solution | Total Value Locked (TVL) | Transaction Fees | Adoption and Usage | Additional Details |
---|---|---|---|---|
Arbitrum One | $18.3 billion | Significantly lower than Ethereum mainnet | Accounts for a substantial portion of Ethereum's L2 transactions | Leading L2 with extensive DeFi ecosystem |
Base | $11.4 billion | Up to 100x cheaper than Ethereum mainnet | Surpassed 1 billion total transactions; peaked at 106 TPS | Developed by Coinbase; rapid adoption post-launch |
Optimism | $7.99 billion | Up to 100x cheaper than Ethereum mainnet | Significant DeFi activity; part of the Optimism Collective | Focuses on scalability and user-friendly experience |
zkSync Era | $1.12 billion | Up to 100x cheaper than Ethereum mainnet | Growing adoption with multiple dApps | Utilizes zero-knowledge proofs for security and efficiency |
Starknet | Not specified | Up to 100x cheaper than Ethereum mainnet | Plans to quadruple TPS and reduce fees further | Emphasizes scalability through zk-STARK technology |
TVL - is the total amount of money users have deposited into a blockchain or DeFi protocol for activities like staking, lending, or trading, reflecting its popularity and trust.
LOOKING AHEAD
The Future of Finance
One day, using DeFi will be as easy as buying a coffee.
No confusing wallets.
No endless fees. Just a smooth, seamless experience that actually works.
That’s the future we’re heading toward a world where DeFi isn’t just a niche playground for crypto nerds but a global financial system that everyone can use.
So, why should everyday businesses care?
Blockchain is a game-changer, cutting out middlemen with smart contracts and boosting efficiency through automation.
It’s not just faster it slashes costs and ramps up transparency
But for blockchain to truly go mainstream and be as user-friendly as the internet is today, we’ve got to polish those user interfaces.
This is why we believe the next cycle will be where all the action is!
UP NEXT
Projects to Look out for
Our team is laser-focused on finding the best tokens we believe will not only survive but thrive, driving innovation in DeFi and beyond.
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