
Source: Daoshuo Blockchain
I have expressed regrets about Ethereum’s trend in this round of market more than once.
Of course, the main regret here is not the price.Because I am optimistic about Ethereum in the long run, the lower the price, the more I like it, and it is best to be lower than the fixed investment price I set for a long time.
My main regret is that the Ethereum ecosystem has not exploded with disruptive innovation and applications like the previous bull market.
Taking advantage of the holidays during the Dragon Boat Festival, I carefully read several articles about the second layer expansion from Vitalik (https://bridge.zkasino.io/) last year and this year.
From his articles, I seem to see signs of the future.
Regarding Ethereum’s second-layer expansion, Vitalik clearly stated his attitude in the article: he hopes that most applications will eventually go to the second-layer expansion.
Moreover, his view on Ethereum’s second-layer expansion is not only to regard them as extensions of Ethereum performance, but to regard them as “big general manager” who controls the ultimate discretion and allows him to develop freely.One blockchain “country” after another has its own culture, personality, characteristics, applications and ecology.
Thinking from this perspective, I changed my previous view.
I have always thought that there are too many second-layer expansions now, and there are countless existing second-layer expansions, and new expansions are emerging one after another. How much significance are these seemingly “repeated” expansions?
But now I think: although most of these extensions are similar from a technical perspective, from a cultural and personal perspective, some of the second-level extensions have clearly developed their own different characteristics and circles.
For example, what is obviously active on Base is social (MEME) applications, what is active on Arbitrum is wildly growing but also of guaranteed quality, what is active on Optimism is more supported by institutions, and what is active on Treasure and Redstone in the future is likely to be active onIt’s a game application…
“Birds of birds flock together, and people are divided into groups.”After these extensions gradually form their respective characteristics, they will attract more similar applications to their ecology, thereby further enhancing their characteristics.
As a result, there are likely to appear in Ethereum in the future.They have their own culture, their own values, and their own community atmosphere.
Today’s communities are always issuing coins (NFT, MEME), while the future communities are likely to issue chains (second layer expansion) – in fact, this phenomenon has already appeared in the Ethereum ecosystem.: The Degen chain in the past, the Ham chain that is currently hot these days.
If this trend continues, Ethereum will not only build an ecosystem in the future, but a federated state of network countries based on blockchain, and Ethereum is the ultimate authority of this federated state.
This ultimate authority only technically guarantees the final determination and execution of transactions, while its small federal states sprout freely and grow wildly.
This freedom and barbarity are the best soil for innovation and subversion.
In the last bull market, we talked about the application scenarios in the Ethereum ecosystem, such as DeFi, NFT, games, etc.But all these innovations are only nurtured on the soil of Ethereum.
And I guess that the next innovation of the Ethereum ecosystem will be nurtured in countless sub-chains based on the second layer of expansion——————————————————————————————————————————————————————————————————————————An explosion based on chain ecosystem.
The explosion of the chain ecosystem will be the resonance of the application of a specific theme or a specific culture. That is to say, once a chain (second layer expansion) ecosystem breaks out due to a certain theme or culture, all applications on the chain (including DeFi,NFT, etc.) will explode together.
As for what specific culture or theme it would be, I can’t imagine it yet.
Because this kind of explosion is triggered by a certain theme or culture, and the formation of theme and culture is not a one-day effort. It takes a long time to brew and grow————————————————————————————————————————————————————————————————————————In this round of market trends, the reason why the Ethereum ecosystem has been unable to see new applications and new scenarios?
Now the gradual growth of the second layer of Ethereum’s expansion culture and atmosphere is likely to lay a new foundation and brew new momentum for Ethereum’s next outbreak.