By Piers Ridyard, CEO of RDX Works
The 2018-19 bear market saw the development of the MetaMask wallet, Uniswap decentralized exchange, OpenSea NFT marketplace, and alternative Layer 1s such as Solana. Only with this kind of core infrastructure in place was the subsequent 2021 boom in DeFi and NFTs made possible.
A similar story is playing out today. Emerging from the rubble are two competing visions vying to become the core infrastructure of the next cycle:
The incumbent Ethereum and its ecosystem of Layer 2 (L2) scaling networks, such as Arbitrum and Polygon that run the Ethereum Virtual Machine (EVM).
A new cohort of Layer 1s (L1s) have purposefully avoided the EVM and aim for an enhanced wallet user experience, application development environment, and scalability, with networks such as Aptos, Radix, and Sui being the prime examples.
EVM Layer 2s: Scaling The Incumbent
The EVM is the dominant platform in Web3 today, accounting for ~95% of all DeFi assets under management (AUM), ~80%
We współpracy z: https://cryptopotato.com/the-rivalry-between-evm-and-l1s-will-shape-the-future-of-defi/
