Skip to content
Up To Date Time

Up To Date Time

  • Home
  • Sports
  • cryptocurrency
  • Technology
  • Virtual Reality
  • Education Law
  • More
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
  • Toggle search form
Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Posted on September 9, 2024 By rehan.rafique No Comments on Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Cryptocurrency exchange Coinbase is seeing a growing focus on Ethereum competitors, the institutionalization of decentralized finance (DeFi), and non-fungible tokens (NFT).

This week, Surojit Chatterjee, Chief Product Officer at Coinbase, released some predictions for 2022. It noted that while it is expecting Eth scalability to improve, with crypto going mainstream, scalability changes for ETH are likely to grow further.

“I am optimistic about improvements in Eth scalability with the emergence of Eth2 and many L2 rollups,” said Chatterjee. He also sees the emergence of new L1s besides the current competitors like Solana and Avalanche. This, in turn, will lead to improvements in speed and usability of cross-L1 and L1-L2 bridges.

19. Eth like btc will suffer the same law of large numbers problems and while good investements most likely will be harder to attract riskier and more abundant capital flows imo

— CMSMS (@cmsholdings) December 31, 2021

Zero-knowledge proof (ZKP) technology is also predicted to get increased traction both from users and investors, said Coinbase. This has already been seen with Polygon and Starknet. With this, new privacy-centric use cases will emerge, bringing more regulatory attention to crypto as KYC/AML could be a real challenge in privacy-centric networks.

In the world of DeFi, Coinbase sees these protocols embrace regulation, have separate KYC user pools and insurance. The growth of regulated DeFi will result in institutions playing a much more significant role in this sector, who are attracted to much higher interest-based returns compared to traditional financial products.

17. On DeFi in general we are going to as a community fuck with all the tokenomics and turn the sector around it’s just clear as day.

— CMSMS (@cmsholdings) December 31, 2021

As for NFTs, Chatterjee sees them continue expanding and becoming the next evolution of users’ digital identity to the metaverse. “We’ll see creator tokens or fan tokens take more of a first-class seat,” he added.

These metaverses created by users will become the future of social networks and start threatening today’s advertising-driven centralized versions of social networks.

Besides users, brands will also jump into NFTs for marketing and establishing loyalty. Already this year, tech giant Facebook (now Meta) has rebranded itself as a Web3 company, and Coinbase sees other big Web2 companies joining the Web3 and metaverse, but they will be centralized and closed networks.

7/ Crypto fixes this. If Web2 was communism driven by dictatorial regimes of advertising regimes, Web3 introduces capitalism to the internet.

NFTs and fungible tokens are early examples of this – the former allows accumulation of unique things, the latter a piece of public goods

— Do Kwon 🌕 (@stablekwon) December 30, 2021

The latest trend of decentralized autonomous organizations (DAOs) will also become more mature and mainstream, said Chatterjee. But as more people join DAOs, DAO 2.0 will take its place.

The post Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi first appeared on BitcoinExchangeGuide.

cryptocurrency

Post navigation

Previous Post: Court Refuses to Grant City Leave to Amend Answer to Assert Immunity as an Affirmative Defense
Next Post: Bo Nix Achieves First Career “Oh No” In NFL Debut

More Related Articles

Jacob Bury’s 5 Best Crypto Picks for Today’s Market – $AAVE, $NEIRO, $PEPU, $BRETT, $OM Jacob Bury’s 5 Best Crypto Picks for Today’s Market – $AAVE, $NEIRO, $PEPU, $BRETT, $OM cryptocurrency
Is Coinbase Wallet Safe? Is Coinbase Wallet Safe? cryptocurrency
Gold Is Soaring – But It’s Bitcoin That Could Be Headed for the Stratosphere… | Cryptocurrency News Live | Breaking Crypto News Gold Is Soaring – But It’s Bitcoin That Could Be Headed for the Stratosphere… | Cryptocurrency News Live | Breaking Crypto News cryptocurrency
Bullish pattern points to a Stacks (STX) recovery as this memecoin steals the show Bullish pattern points to a Stacks (STX) recovery as this memecoin steals the show cryptocurrency
บาคาร่าใหม่ Evolution War เกมพนันที่ดีที่สุดจาก Evolution Gaming บาคาร่าใหม่ Evolution War เกมพนันที่ดีที่สุดจาก Evolution Gaming cryptocurrency
Meet Bake’s New Leadership: A Stronger Future Ahead Meet Bake’s New Leadership: A Stronger Future Ahead cryptocurrency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • India fast bowler Jasprit Bumrah set to miss final Test against England at the Oval | Cricket News
  • Meta Admits There’s a “Goldilocks Zone” for VR Session Length Due to Form Factor Concerns
  • Top Salesforce Apex Interview Questions and Answers – DevFacts | Tech Blog | Developer Community
  • Cottage Cheese Makers Can’t Keep Up With Demand
  • 8 Ways Digital Tools Are Reducing On-Site Rework

Categories

  • cryptocurrency
  • Education Law
  • Sports
  • Technology
  • Virtual Reality

Copyright © 2025 Up To Date Time.

Powered by PressBook Blog WordPress theme