At 312, I said that this is the bottom of the arc, so that everyone should not be too nervous. The next day really ushered in a big rise, and Bitcoin broke through 60,000 US dollars. That's such a shame.

At 315, there was another sharp drop, which was an extremely good opportunity to get in the car. Then TEDA issued another 1.1 billion USDT, which undoubtedly further consolidated everyone's psychological safety line.

In fact, the overall trend is very good now, and there is no great negative risk. As long as the epidemic is not over, the global release of water will continue, unless a black swan event can make the 60-day moving average turn around.

There are many hot spots right now, but there will be an order.

Defi has exploded last year, and its development has been relatively sluggish in the past few months; although the Polkadot ecology is very hot, it is only in its infancy, and the auction of slots has not yet been officially launched. Although it has attracted a lot of traffic, But it will take some time before the real outbreak.

The NFT sector is the first to explode right now, and there are some layer2 projects based on solving the expansion problem of Ethereum, such as LRC, Matic, and Celer. Of course, these projects are not as crazy as NFT.

Whether it is NFT or Defi, in fact, their development largely depends on the development of layer2. Liquidity mining requires hundreds of RMB for one operation. Gas is too expensive, and small investors who are not big funds are not big at all. It is necessary to participate.

It is also for this reason that Binance Chain and Huobi Chain plundered some retail investors to go to them for liquidity mining. Many people saw that some projects on Huobi and Binance had a good increase, so they went to chase the high. I think in the end Traffic will return to Ethereum.

If Layer 2 goes smoothly, Binance Chain and Huobi Chain may face a huge test in a few months, and even Huobi will shut down, making Binance uneasy.

NFT has been so popular recently, as long as some small currencies that are compatible with the NFT concept have also begun to explode.

Although most leeks don’t know what NFT means or the value of NFT at all, the currency price determines everything. As long as it can rise, it is a high-quality project, so many NFT projects that are not of much value have been bid up.

V guest mentioned in the previous article that NFT is a very big concept. Its ultimate vision is to make everything in real life into NFT, not just limited to collectibles and games.

But everything is NFT, which requires a long way to go, at least at the legal level, it will take many years to explore, and the current carrying capacity in the fields of art and games is actually stretched.

why do you say so? First, the threshold is relatively high. Many outstanding artists have not accepted the form of NFT. Only artists who are all trendy and love electronics have gradually begun to accept this form. This is one reason, and more importantly, the growth of NFT. The soil is actually not fertile.

At present, most NFTs are still issued based on Ethereum, and the same is true for major platforms. For example, if you want to buy an ordinary NFT on Opensea, there are also cheap ones, ranging from a few dollars, but the gas fee you need to pay may be higher than The value of NFT itself is high, and then if you want to sell it, you have to pay another sum, which keeps many people out.

Of course, based on the production of NFT, many people are also aware of the limitations of Ethereum, so they have developed public chain projects that are unique to NFT. For example, the most famous one is Flow made by the CryptoKitties team.

The Flow chain is uniquely designed to allow the network to scale without fragmentation and without reducing consensus decentralization.

Because of the halo of IP, Flow has become a hundred times currency, but we can find that such a public chain designed out of Ethereum has obvious limitations, and it is difficult for it to reach a large number of users on Ethereum.

The intercommunication between NFT public chains is also difficult. This is like an isolated island. Although it is not isolated and blocked, high tolls are required to enter and exit, which greatly restricts development.

Through cross-chain + layer2 to reduce the gas fee, the excellent products in the isolated island will be continuously delivered to Ethereum, which will bring a steady stream of incremental users to the NFT market. Just like in the era when online shopping broke out, the popularity of smartphones has contributed a lot. layer2 is equivalent to smartphones, making NFT purchase and production more convenient.

There are already many projects developing this area, and they are doing very well. For example, Polygon, also known as Matic, has begun to focus on the development of a solution aggregator for the Layer 2 network, and there are already NFT projects connected to Polygon one after another.

The significance of Layer 2 is very important. It is more like infrastructure. The explosion of hot spots such as DEFI and NFT needs the help of layer 2. To a large extent, DEFI and NFT should have greater development, but they are limited to Ethereum The capacity problem is suppressed.

If there is a breakthrough in layer 2 and the maturity of cross-chain, then the ecology of Ethereum will be doubled on the existing basis, just like the 512M mobile phone memory back then, and the current mobile phone memory has easily reached 256G, which is how the prosperity of video software such as Douyin and Xigua came about.

Although today's topic is about Layer2+NFT, it is not only about this, Layer2+Defi will also bring about the prosperity of Defi again. Before that, I think the outbreak of Layer2 is on the way, and I hope everyone can pay more attention to it .