DeFi vs. AI: Ethereum Co-Founder Predicts DeFi’s Triumph with Affordable L2s

• Zeng Jiajun, a core contributor to Soul Wallet, said that the crypto market is in its early phase.
• Vitalik Buterin believes that more money will pour into the crypto wallet with affordable L2 solutions.
• Buterin said that cheap transaction fees are a necessity for crypto to mature.

Ethereum co-founder Vitalik Buterin sees the future for decentralized finance (DeFi) to remain strong should the transaction fees go down. Buterin believes that affordable Layer 2 (L2) solutions are the key to help widespread DeFi adoption, attracting more capital, and even drawing in traditional financial institutions.

This insight came as part of a larger conversation sparked by Zeng Jiajun, a core contributor to Soul Wallet. Jiajun pointed out that the crypto market is still in its early stages. He pointed out Bitcoin (BTC), the world’s largest digital asset by market capitalization, towering over the rest with a dominance of over 50%. Its $1 trillion valuation dwarfs the combined value of the entire altcoins, despite the sheer number of projects with immense potential.

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