Understanding the key points of AMA, Layer 2 after ETH 2.0 & new directions for new public chains
WEB 3.0 is an era where everyone creates and benefits, with everything starting from human needs. Only by focusing on user needs can one gain a competitive advantage in development.Author: Neo
After the highly anticipated Ethereum The Merge successfully merged, the entire blockchain world is contemplating the opportunities and challenges of the post-ETH2.0 era. Currently, Ceres DAO has initiated a new paradigm for investment DAOs, creating a more open DAO collaboration ecosystem; Tiger VC DAO combines "NFT + DAO + VC," fully leveraging the advantages of these three elements to create an investment approach more in line with the trends of Web3 development; DeBox, as a community management tool based on blockchain DID, will significantly lower the threshold for Web2 users to migrate to Web3; Neo is a community-driven open-source platform that provides powerful tool support and ultra-low entry barriers for blockchain developers, aiding the Web3 transformation.
On the evening of September 29 at 21:00, led by Ceres DAO, many elite teams including Tiger VC Brand Guild, DeBox, and Neo Ecoufund engaged in in-depth discussions on "Layer 2 & New Directions for New Public Chains after ETH 2.0" in the Twitter SPACE.
I have summarized five key points from the 1 hour and 48 minutes discussion, so there's no need to look back; just reading this article is enough!
Where are the trading opportunities in the market?
Currently, the market is not at the bottom. Generally, from October each year to early next year, the market tends to experience liquidity exhaustion. Guests predict that the market bottom will be in the first or second quarter of next year, at which point there may be significant opportunities.
Those projects that can connect Web2 to Web3 will be the ones that lead in the next bull market. One type is public chains that drive traffic, such as the popular ATOS ecosystem, while another focuses on traffic entry points, like the HUB of COSMOS 2.0. In specific subfields, guests generally have a positive outlook on DAO, DID, public chain tracks, and NFT derivatives.
New changes facing the flourishing public chain ecosystem
Public chains continue to develop, with Solana, Polygon, Avalanche, Near, etc. These public chains coexist with Ethereum and make improvements in terms of Ethereum's performance, speed, and gas fees.
After Ethereum 2.0, different layer 1 and layer 2 will play more specialized roles, compatible with the EVM ecosystem while applicable to more refined track segments. At the same time, with the maturity of cross-chain technology, layer 0, a blockchain network for mutual communication, will also burst with vitality. More creative and practical projects and tracks will emerge based on these public chain protocols, further accelerating the connection between the crypto market and the real world.
Will Layer 2 projects be impacted after ETH2.0?
The emergence of Layer 2 has broken Ethereum's composability, opening up channels between Layer 1 and Layer 2, but it has also introduced new issues for the deployment of mesh network relationships. In different Layer 2 projects, interaction costs will significantly increase, effectively fragmenting the Ethereum ecosystem and creating isolated islands.
Therefore, guests see opportunities for liquidity connectivity between Layer 2 ecosystems: the introduction of Layer 2 aims to solve Ethereum's scalability and expansion issues, and its development will not be limited to Ethereum. In the future, as more DeFi projects are deployed on Layer 2 chains, new demands for interoperability between Layer 2 will arise.
Big opportunities after ETH2.0
With the improvement of Ethereum's performance, the Layer 1 ecosystem is becoming increasingly prosperous, and more ecosystems will join the Layer 1 ecosystem.
Cosmos and Aptos are ushering in significant development. Aptos's Move language and MoveVM achieve high throughput public chains with parallel execution, which will become a market hotspot in the medium to short term. The Interchain Security upgrade of Cosmos 2.0, which links security, is the most anticipated upgrade, making CosmosHub a security hub and helping ATOM capture value from the security needs of other application chains.
The liquidity of linked ecosystems faces great opportunities. With the flourishing of project ecosystems, there will be three inter-chain liquidity demands: cross-chain ecosystems, Layer 2 ecosystems, and EVM liquidity issues. Currently, some projects are attempting to address the liquidity issues between various ecosystems.
It is reported that the Match public chain is dedicated to solving liquidity issues by achieving interoperability between ETH, Aptos, and Cosmos. Its specific approach is to establish a framework called the parallel layer within the Match public chain, concentrating the data verification part of the Layer 2 settlement layer in the traffic layer, thereby accelerating parallel exchanges between Layer 2. It also provides EVM encapsulation capabilities, supporting the influx of traffic from a wide range of EVM projects.
In this era where traffic is king, connecting ecosystems not only needs to solve liquidity issues but also attracting more users to participate is crucial. MATCH can effectively support DID by returning data ownership to users, further stimulating the creator economy. Developers can develop various WEB 3.0 applications and services for users on MATCH, enriching the ecosystem and obtaining corresponding benefits; they are also responsible for monetizing MATCH's traffic and returning the monetized profits to various ecosystem participants of MATCH.
WEB 3.0 is an era where everyone creates and benefits, starting from human needs. Only by focusing on user needs can one win the opportunity for development. MATCH combines simplicity and security, changing the construction rules of Web3, and is expected to become a new center of traffic!
