Ethereum has been struggling lately, with no major breakthroughs to excite investors. Its price has remained relatively stagnant, hovering around $3,286 despite being the second-largest cryptocurrency by market cap.
For a blockchain often hailed as the backbone of decentralized finance, this lack of momentum has raised some eyebrows.
But, that could all change soon. Ethereum’s co-founder, Vitalik Buterin, recently exciting innovations for the network.
These include a stronger focus on Layer-2 solutions and plans to increase the blob count, both of which aim to enhance scalability and efficiency.
Meanwhile, with the rise of Layer-2 solutions, the new project could create significant buzz.
As the first hybrid Layer-2 blockchain for Bitcoin, it could unlock its untapped potential – possibly expanding in areas such as DeFI, AI, NFTs, and more.
Let’s check out the details.