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The Winner Doesn’t Take All - CRYPTO FRIDAY

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The Winner Doesn’t Take All - CRYPTO FRIDAY

Fabian Klauder
Feb 26, 2021
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The Winner Doesn’t Take All - CRYPTO FRIDAY

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Hey DEFI TIMES community,

As the saying goes, the winner takes all! Or does he? 

Last week, the BNB price exploded after the Binance Smart Chain experienced a significant increase in users. The most prominent exchange (PancakeSwap) on BSC even overtook Uniswap in trading volume. 

Most Ethereum maximalists were offended. They claimed that the trading volume was fake; Even though the volume probably was fake, we learned a lot more.

Binance Chain did get many users, and there is one reason for this: Ethereum gas fees are way too high.

We see two trends that do not seem to go away:

1. Gas fees tend to increase over time

2. People want faster and cheaper transactions

That's why many people are searching for alternatives, and even though the Binance Smart Chain might be centralized, we learn that people are willing to switch from Ethereum to faster chains.

That's where the opportunity is. Ethereum maximalists are wrong because Ethereum will certainly not be the only winner in the long run. Don't get me wrong, Ethereum had the chance to capture all the value, but fees were in the way. In fact, I believe that we will see a number of winners in the future. Ethereum will be one of them - but certainly not the only one. 

If you want to front-run the masses, do your research about alternative layer-ones. That's where most people will go when gas fees are not affordable anymore.

Even when Ethereum's sharding ships, those alternative chains will survive. Quite the opposite is the case - they will thrive in the long run!

Don't be an Ethereum maxi - the winner doesn't take all!


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dydx goes L2

Twitter avatar for @dydxprotocol
dYdX @dydxprotocol
Introducing our new cross-margined Perpetuals, now live on Layer 2 powered by @StarkWareLtd. Read the announcement, and sign up for the alpha to start trading ↓ dydx.exchange/blog/alpha
Image
3:02 PM ∙ Feb 24, 2021
958Likes218Retweets

Dydx has announced that it is now on layer two! It is using Starkware’s zkStarks. The withdrawal time to L1 is fast, especially compared to Optimistic rollups.

Aave partners with Balancer

Twitter avatar for @Fiskantes
🃏Fiskantes @Fiskantes
This alliance between @BalancerLabs and @AaveAave - make the redundant asset in the pools earn additional yield via Aave lending. @GregusJakub - you have similar idea for @hydra_dx omnipool right?
medium.comBalancer Partners with Aave to Build the First V2 Asset ManagerIn light of the recent announcement of Balancer V2, we’re proud to announce a partnership with Aave to build the first Balancer V2 Asset Manager — allowing idle assets in V2 pools to earn yield on…
6:39 PM ∙ Feb 24, 2021

Aave partner with Balancer! They will allow idle assets on Balancer V2 to earn yield on Aave.

Enzyme Sulu

Twitter avatar for @enzymefinance
Enzyme Finance @enzymefinance
After the success of v2, we're excited to unveil plans & roadmap for 🆂🆄🅻🆄, our next release. Sulu will include; 🏦 Borrowing 🧵 @CurveFinance pools 🔮 @idlefinance support 🧮 @AaveAave lending ⚖️ @BalancerLabs pools 🏧 Support for stakedETH medium.com/enzymefinance/…
medium.comAnnouncing Sulu; Enzyme’s next release & roadmapAs many of you know, we’ve just released v2 which has been extremely well received but we’re already well into our next release; Sulu. Today, we’re excited to share plans on Sulu with you and give…
4:13 PM ∙ Feb 24, 2021
241Likes65Retweets

Enzyme announces a further upgrade! They will allow:

- Borrowing

- Curve pools

- idle finance support

- Aave lending

- Balancer pools

- Support for stakedETH

Saffron V2

Twitter avatar for @saffronfinance_
saffron.finance @saffronfinance_
Introducing Saffron V2 ♨️ medium.com/saffron-financ… Saffron V2 beta goes live on Binance Smart Chain and Ethereum Mainnet on Wednesday, February 24th #BinanceSmartChain #Ethereum
medium.comIntroducing Saffron V2Today we are proud to announce the beta launch of Saffron V2 on both Binance Smart Chain and Ethereum mainnet! The beta launch is scheduled for Wednesday at 18:00 UTC. Applications to participate in…
4:44 AM ∙ Feb 20, 2021
409Likes113Retweets

Saffron V2 will launch on BSC and Ethereum.

DoDo V2 public beta

Twitter avatar for @BreederDodo
DODO DEX @BreederDodo
🥚 Ladies and Gentlemen..... 🐣 DODO v2 Public Beta is now LIVE! 🐥 v2beta.dodoex.io 🚀 Go CommanDODO's! 👉dodoexhelp.zendesk.com/hc/en-us/artic… #JustDODOIt #DODOv2 #DeFi
Image
5:32 AM ∙ Feb 22, 2021
602Likes228Retweets

DoDo v2 public beta is now live!


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All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.


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The Winner Doesn’t Take All - CRYPTO FRIDAY

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