In yesterday's article, I introduced several projects of the second layer expansion of Ethereum, which have not released bi so far.
Many people in the community speculate that they will release bi, so many people are trying to airdrop tokens to them in the future. In fact, regardless of whether they publish bi in the future, the rise of the second layer of expansion is already unstoppable.
As far as current experience is concerned, their actual effects are almost exactly in line with people's predictions. They perform very well in terms of performance, security, and handling fees, so they have attracted a large number of top-tier DeFi projects to move to the second layer for expansion. This situation is now showing a momentum of accelerated development.
In the future, it is very likely that our main transactions and high-frequency transactions in the Ethereum ecosystem will be expanded on the second layer, which will become the main battlefield of our daily transaction activities.
So from this point of view, whether they publish bi or not, I suggest everyone to try it. Otherwise, in the future, when everyone is having fun on the second-tier extension with excellent performance, extremely low fees, and safety and security, and we are still struggling with pain on the Ethereum mainnet, then we will be abandoned by the trend again.
From the perspective of trading, we should try to expand the second layer. From the perspective of looking for opportunities, we should actively try to expand the second layer.
Why do you say that? Because the second-layer expansion greatly reduces transaction costs, this will enable some application scenarios that require high-frequency transactions to appear. If these scenarios are deployed on the Ethereum mainnet, they will not be popularized at all due to the high fees, let alone show their potential. Now that there is a second layer of expansion, these application scenarios are ready for implementation, and it is only a matter of time before a large-scale outbreak occurs. And in these application scenarios, new explosive applications will inevitably appear, giving birth to new historic opportunities.
If we don't try the second-layer expansion, we are equivalent to giving up this platform that will generate new opportunities and giving up the new wealth code. So no matter how we look at it, we have to catch the high-speed train of second-tier expansion.
The second layer expansion project is still in the early stages of development, it must be very immature, and there may even be many problems (for example, Arbitrum was down for nearly an hour the day before yesterday), but these are all temporary. Over time, they will definitely mature and stabilize Come down and become a platform capable of taking on great responsibilities.
In the process of their continuous advancement, new popular applications will appear, and form a new ecology, pulling the entire blockchain ecology into a big climax again. I estimate that this time node will probably be the next Bitcoin halving, which is 2024. Time is not far away from us.
In this round of bull market, institutional investors mainly entered bitcoin on a large scale, because everyone gradually recognized the value storage function of bitcoin. However, most institutions still have doubts about Ethereum, which truly represents the ecological direction of the blockchain. In order for institutional investors to dispel their doubts and boldly enter the market, Ethereum must have a sufficiently attractive application scenario. It must have low handling fees, good performance and security.
In existing application scenarios, DeFi has already taken shape, but their fees are still too high, and the audience is still too small. Axie in the game field has shown considerable appeal, allowing people to see a viable business model, but it will take time to test whether this model can continue. Most projects in the NFT field are not yet high-frequency applications, so the commercial appeal is not strong enough.
Therefore, overall, there are still various problems in the existing ecology of Ethereum. And to solve these problems, I believe that with the implementation of the second layer expansion, we will find our own excellent testing ground on this new platform and solve them one by one.
A new era is slowly opening the door to us...
