devcon

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:

Protocol Engineer @ OpenSea. Creator of Net + the Together Collective NFT studio. Nothing I say is financial advice. netprotocol.app/ham

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?”

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

The largest onchain marketplace. Buy and sell crypto on Ethereum and 10+ other chains.

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

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

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

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

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

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

Conclusion

The community is betting heavily on L2s as the future of Ethereum and embracing the challenges that come with a fragmented many-chain world

Solving these challenges seems to be the top priority for many projects

Disclaimer: this is my anecdotal experience at Devcon and may not reflect the experience of others. Nothing mentioned here is financial advice.

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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