Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Musa on June 24, 2024, 03:10:40 PM
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Ethereum's popularity is undeniable, but slow transaction speeds and high fees are common complaints among users, even though Ethereum 2.0 promises much faster speeds. We're still waiting for those improvements to fully roll out. In the meantime, projects like Polygon, Arbitrum, and even some new players like Starknet and Blast are offering Layer 2 solutions each trying to become the smoothest ride for DeFi users.
So, my question is. What factors should I consider when choosing a platform? And will Ethereum 2.0 ultimately render these solutions obsolete?
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~ So, my question is. What factors should I consider when choosing a platform?
This is a personal choice. If you're after the technology each project uses, then I think you can pick any of them because they are almost always the same (just different branding/packaging). If you're after making money in a shorter term, maybe take a look at their community and the hype potential.
And will Ethereum 2.0 ultimately render these solutions obsolete?
I don't think Vitalik et al. will kill projects built on their platform.
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Ethereum's popularity is undeniable, but slow transaction speeds and high fees are common complaints among users, even though Ethereum 2.0 promises much faster speeds. We're still waiting for those improvements to fully roll out. In the meantime, projects like Polygon, Arbitrum, and even some new players like Starknet and Blast are offering Layer 2 solutions each trying to become the smoothest ride for DeFi users.
So, my question is. What factors should I consider when choosing a platform? And will Ethereum 2.0 ultimately render these solutions obsolete?
Yeah, everyone is just trying to solve Ethereum's problem. And new projects are popping up left and right. So it's really getting competitive out there. I've seen that you mentioned Blast. So, I think, it has some momentum going. They managed to put in a billion dollars in TVL, which is pretty impressive. And it has so many things going on in its chain. the only chain where developers who deployed dApps get back tx fees back
-NOT a ponzi, raised lowest amount of funding
-biggest TVL, bust has NOT even launched yet
-secretly onboarding asian/chinese markets. Can't wait to see what the TGE will unveil. I think airdrop claim is tomorrow too, seen Bitget announced that they will be adding it to their spot market.
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So, my question is. What factors should I consider when choosing a platform? And will Ethereum 2.0 ultimately render these solutions obsolete?
1. Scalability
2. Transaction fees
3. Availability of the token that you want to buy.
4. Market Cap (after being listed on an exchange)
There are many more, but I believe that these are the main things that I'm looking on which platform do I want to use. The 3rd one is the most important one for me because what's the use of using that platform if the coin that you want to buy isn't available there. At the end of the day, this is a very subjective question, and many people have more factors that they are using whenever they want to choose a platform.