In the age of multiple chains

Introduction

We are in an era of multi-chains, From alternative Solana to Avalanche、Fantom, The new public chain ecology is thriving. Cross-chains are not just value links, And it is the interconnection of data and the interconnection of value, The blockchain world of the future must be a Multi-chain ecosystem.

Everyone knows,In the blockchain world,“Chain”It’s the equivalent of villages、Cities,And communicating these“Chain”I need it.“Fixing the Bridge Smart Contract Development Services”、“Fixing the roads”, To meet the growing demand for cross-chains in the multi-chain era.

Originally,A branch of Ethereum,And now more and more public channels are beginning to emerge,And received wide support.Overall,Bitcoin、Ethereum Square still holds an important place,But the two do not cannot become true masters in the blockchain world.

DeFi

Under the influence of competitors,The dominance of bitcoin is declining,But it is clear that this does not necessarily mean failure.It is just evidence., There are now more funds being diverted to other different blockchain projects,Some challenges posed by bitcoin.

But, Given the characteristics and advantages of bitcoin,Its global dominance is still,It has not yet arrived“The throne.”The point of giving in to others.

According to CoinDesk ResearchReports released, 9Month bitcoin dominance — — That is, the share of the original cryptocurrency in the total cryptocurrency market value — — For 42% , this is the lowest level at this time in any of the past four years.But…42%This report further proves that bitcoin“Dominance”,There are no other virtual coins that could pose a real threat.

Although ethereum is recently 9 Month share is higher than 2017Year（ First Token Issuance and CryptoKittiesAt its peak）Anytime since, But all other blockchains share is last five9 Month High .

As Kaloudis and Oosterbaan noted throughout the report,Cross chain bridge development Substitution “Layer No 1”（L1）Blockchain is becoming increasingly popular, because Ethereum’s congestion and high costs have spurred demand for networks with similar smart contract capabilities but faster throughput.

It’s easy to overlook the dominance of the ethereum mainnet in just a few years. No other smart contract platform has created its own ecosystem organically. Almost every other competitive TVL channel growth can be tied to projects and ideas launched at ethereum.

The key moat of ethereum is the ethereum alliance as port5000billion dollar assets. For any new DeFi system, on-chain assets are the most valuable assets, and ethereum has a huge、diverse asset base, including:ETH、Stablecoin and other ERC-20 tokens — — Not to mention NFTsThat is.

DeFi

Once again, Bitcoin remains the leader in the cryptocurrency market , It is the symbol of institutional adoption and the most important network effect, The politically incorrect energy consumption of miners has been hard earned ,Thus, an unparalleled level of security. This seems unlikely to change. But the expansion limits of the bitcoin network and its biggest competitor ethereum, mean that neither can expect to be the sole player in this blockchain world.

2.、 Multi — chain ecology is more and more perfect

DeFi

In the general trend of blockchain development with hundreds of flowers,An eco-stimulating arms race at the public chain level has begun.

This year 4Months , PolygonLaunch1Billion USD. — U.DeFiFonds“DeFi For All Fund”,The future2~3 Year will be DeFi Support for the project ,To improveDeFiRate of & apos; adoption、 Cost-effectiveness and accessibility;

7Months,TerraEstablishment Statement1.5A $100 Million Ecological Fund,SupportTerraEcological Apps,PromoteTerra DeFi Ecological Accessibility;

8Month,Avalanche Foundation announces that it will provide 1.8A $100 million liquid mining incentive programAvalanche Rush,Encouraging more apps and assets to join Avalanche DeFiEcology;The same month,FantomYes. TVLSuper.500Total project allocations of 10,000$3.7100 millionFTMRawards.

In8Following the announcement of the smooth mining incentive in January, Avalanche has become the public channel with the fastest green development. US dollars. — U.,More than ten times more.And the loan contractBENQI,The number of locks reached12Billion US dollars. — U.,Governance TokensQIDFrom8Month19Day0.5Upto4Dollars.

DeFi

8Month4Day,MultichainDeFiPlate — form of managementKrystalCompleted.$66,010,000Initial funding,HashedLeader,Crypto.com、Signum Capital、BlockTower、HyperChain、Arrington Capital、LD Capital、DeFi Alliance、ArkStream Capital、Coin98Wait and see.

Defi LlamaData shows,Up to 9Months1Day,DeFiTotal number of locks（TVL）Reached1612Billion US dollars. — U.,A record.Compared to the same period last year,DeFiThe total number of locks increased by more than 19X.But there is differentiation in the development of each chain,The growth of the main chain of the head slows down significantly.Among them,Even though ethereum is close to1194Billion dollars of locked positions account for the largest part of the market,From the beginning of this year to this year5Month,The total number of ethereum locks has increased350%,And5Up to ‘now, the month is up only 28.1%.

DeFi

In the etheric ecosystem ,MakerDAO、Compound、AAVE As a pioneer in the field of lending ,Becoming DeFiAn essential part of how the world works. .We can also Compound Pledge ETH、DAI、USDTOther current assets, Lending coins from Shanzhai Uniswap ParticipationLPMining, and maybe even continue LP Tokens. AAVENantissement, To obtain a line of credit .

DEX borrowing and lending、Smooth mining、Highly combinable between derivatives ,Brought endless possibilities and games,But all of this can only be limited to ethereum or a separate public chain.

Under the ethereum performance limits ,There is a blooming trend in the field of public chain ,ParBSC、Heco、Oec Leading exchange public chain ,ParSOL、AVAX、FTM The new leading public chain ,AndLayer 2The explosion of. These public channels and Layer 2 There are many Nuggets opportunities, but there is no direct connection between the channels, Lost. DeFi Most dynamic combinability.

User cannot mortgage on ethereum ETH,And after BSCTop loanBNB To participate in high-yield mining .Ethereum users want to participate in mining other public chains,Generally, he cannot be sold only through a centralized exchangeETH, Buy BNBMentionBSC On-Chain Mining Participation .And onceETH Increase , Maybe mining is not profitable yet. ETHIncrease.

In today’s multi-chain era, it is clear that the market needs a comprehensive set of cross-lending solutions, to solve the issues between DeFi chains and combinability issues. In simple terms,Build a cross chain bridge the user can mortgage A Assets from the chain , And after B Matching assets lent by the chain , To participate in the enjoyment of BChainOfFiBenefits.

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