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This past week I went to Devcon in Bangkok and saw where the Ethereum ecosystem is heading From L2s to AI agents and everything in between, here are my top takeaways:
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L2s There are many L2s already and with rollup-as-a-service providers like Conduit making L2 deployment just a few clicks, the rate of L2 creation will likely accelerate. At this point, the question has shifted from “if there will be many L2s” to “how do we handle a world with many L2s?”
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Cross-chain actions To simplify the user-experience of a world with many L2s and solve for fragmentation friction, many projects are exploring cross-chain intents and transaction flows Compact by @0age + @uniswap is one such example https://github.com/Uniswap/the-compact
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AI agents Companies big and small are exploring the potential of AI agents in crypto For example, @coinbase is building an onchain AI agent kit to enable devs to create agents that can safely perform transactions, trade digital assets, and more
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The bull is back People seem near universally convinced the bull market is back and crypto, particularly EVM-related projects, will continue to rally in the near future “ETH is the ticker” was a common saying
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Memecoins Every L2 team I spoke to said they have a version of pump.fun for creating memecoins on their own network Universally, from general purpose OP stack chains to security-focused ZK rollups, teams viewed memecoins as beneficial to their chain and something they wanted to grow
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NFTs Many builders seem confident NFTs will be an important part of the next frontier of crypto. Some examples: - L2 NFT launchpads - AI agents trading NFTs - Games like Gunzilla powered by NFTs The topic of “trading volume” was barely mentioned in discussions around NFTs
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Wallet abstraction Wallet providers like @privy are trying to simplify the user experience by enabling secure email-based wallet creation The goal is to allow anybody to participate in the onchain world without having to deal with the complexities of traditional wallets
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So many projects There are a ton of projects being worked on across the Ethereum ecosystem and it was impossible to learn about all of them But it was clear builders are continuing to experiment across all corners of the ecosystem
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