Crypto mainstream adoption: Is it here already? Experts Answer, Part 1

Bitcoin News

Sameep is the founder of QuickSwap, a decentralized exchange on Polygon that allows users to swap, earn, stack yields, lend, borrow and leverage all on one decentralized, community-driven platform.  

“Just compare the overall market caps from the beginning of 2021 until today to illustrate how much crypto has grown this year. According to CoinMarketCap, on Jan. 1, crypto’s market cap was about $773 billion. Now it’s over $2.3 trillion. Despite the dollar’s rapid inflation, to me, annual growth of more than $1.5 trillion definitely suggests that mass adoption has begun, but there’s still a lot of room for crypto to continue to grow.

To enable that growth, more people need to learn about the alternatives to expensive layer-one chains, where gas fees can sometimes cost more than a transaction itself. That’s why I’ve always been a big supporter of Polygon, and it’s why I helped found QuickSwap. At Polygon, we aren’t competing with Ethereum or attempting to replace it, we’re helping Ethereum by providing a layer two where people can conduct transactions for far less than they cost on layer one. This service enables smaller investors to participate in DeFi with near-zero gas fees, while larger whales can continue to operate on layer one.”

Products You May Like

Articles You May Like

Bank of England governor questions need for digital pound
Are we still mad at MetaMask and ConsenSys for snooping on us?
Bitcoin, Ethereum Technical Analysis: BTC Above $21,000 as ETH Hits Fresh 2-month High
Nexo investigation is not political, Bulgarian prosecutors say
Bitcoin price rally to $19.5K prompts analysts to explore where BTC price might go next

Leave a Reply

Your email address will not be published. Required fields are marked *