David Blumenfeld
@serdave-eth
been seeing more takes that a big reason for ETH's poor performance this cycle is because of the decline of NFTs. While NFTs did play a part in ETH's last bull run, it was really only the last 2x (ETH was at $2500 around the time NFT summer started). It was DeFi that really put ETH on the map, and made it the best place to launch said NFTs because of the available liquidity.
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highplains.base.eth 🎩✨🔴
@highplains66
Yeah DeFi is very battle tested now. It's ready to take on more volume.
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Dirk Siebels
@disic
I would say that it makes sense for average DeFi users to do so on L2s. The L1 is perfect for institutional/corporate usage (and high net-worth individuals as the whales are called in TradFi). That said, liquidity spread out over different L2s is an issue. I believe I heard that it could be solved by zk tech but it’s not really my area. Does anybody know more about it? The idea being that one app could be on different L2s but with one pool for all rather than one pool per L2.
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highplains.base.eth 🎩✨🔴
@highplains66
I believe the current solution is move the L2 sequencers to L1 and that solves the issue for L2s (dont ask me how lol) that go that route (based rollups they are called rn i think). there are a couple other things in the hopper that are being considered https://www.perplexity.ai/search/does-ethereum-have-a-plan-for-4bzg6HJOS_q9wWOPjJ_KaA
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