Recently, the EthCC conference took place in Brussels, where not only the Ethereum ecosystem was discussed, but also other market trends for this year
Here are four key takeaways:
- Expect a surge in new L2-L3 networks based on Ethereum Currently, there are over 64 L2 networks and more than 18 L3 networks operating on Ethereum, with well-known names such as Arbitrum, Base, Optimism, Blast, and others. But this is just the beginning. According to L2beat, there are 80 more L2-L3 networks in development, indicating that the trend of expanding the Ethereum ecosystem will continue.
- Using blockchain for AI training Blockchains and applications generate a huge amount of diverse data that needs to be labeled, structured, and utilized for machine learning and other purposes. Protocols that can efficiently handle this data will be among the most useful for decentralized AI. Notable projects in this segment include Bittensor, Grass, and Vana.
- The growing popularity of TON and its future scaling TON excels at parallel transaction processing. However, complex transactions can cause issues and require more time to process. To address performance issues, L2 networks will eventually start appearing in the TON ecosystem. The first such network, Atlas, has already been announced and is built on Polygon CDK.
- New competitors to Ethereum Berachain and Monad are not just additional L2 networks; they are full-fledged blockchains with their own ecosystems. Both blockchains are launching this year and may attract some users from the Ethereum ecosystem. Interesting applications on Berachain include Infrared Finance (liquid staking) and Kodiak (an alternative to Uniswap). On Monad, projects like Magma (liquid staking) and Curvance (a liquidity protocol for EVM networks) are planned.
