Since the advent of Bitcoin, blockchain technology has revolutionized global finance and the crypto economy.
Bitcoin, as the first decentralized cryptocurrency, provides a peer-to-peer payment method without intermediaries, pioneering a new era of cryptocurrencies.
However, Bitcoin's functionality is relatively singular, mainly used for value storage and simple transfers, unable to meet complex financial needs.
Ethereum Contribution
The emergence of Ethereum further expanded blockchain application scenarios. Through smart contracts, Ethereum promoted the prosperity of DApps, DeFi, NFTs, and more. However, the Ethereum network faces high gas fees and network congestion issues. Especially during peak times, users' operational costs increase significantly, limiting its potential for large-scale applications.
Layer 2 Networks
To solve Ethereum's scalability issues, Layer 2 networks have emerged to enhance the scalability and performance of existing blockchain networks. Base is a representative of emerging Layer 2 networks, aiming to solve network congestion and high-cost problems. Base benefits from Coinbase's vast user base and resource support, giving it strong competitive advantages among Layer 2 scaling solutions.
Supported by these mainstream blockchains and Layer 2 networks, the DeFi,MEME coin, and VC coin markets have developed rapidly. However, the market still faces numerous challenges, such as:
Single Platform Modules: Limiting user usage scenarios and platform attractiveness.
