Market analysts predict layer-2 blockchains are set to capitalize on Ethereum’s primary challenge to process, store and compute data, which might propel it to a $1 trillion market cap by 2030.The surge in DeFi in recent months saw decentralized application activity increase by 77% in the fourth quarter of 2023, with a total daily active user wallet count of seven million.
According to analysts from investment manager VanEck, Ethereum layer-2 scaling networks could hit a $1 trillion market capitalization in the next six years. DApps saw a quarter-over-quarter usage increase of 77%, with a total daily active user wallet count of seven million. This shows an increase of approximately 40% since February 2024, indicating the highest adoption rates since 2022.Decentralized finance protocols in Europe could soon fall under new regulations as the European Commission evaluates the space.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »