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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