Pantera Capital’s Projects Ethereum Facilitating 50% of All Global Transactions in Ten Years
DailyCoin
Published Jan 10, 2022 08:59AM ET
Pantera Capital’s Projects Ethereum Facilitating 50% of All Global Transactions in Ten Years
Since Ethereum launched in 2015, the project has established a reputation for itself as the most well-established, open-ended decentralized software platform.
Joey Krug, Pantera Capital’s co-Chief Investment Officer, has predicted that Ethereum will play a central role in global finance in the next decade.
Despite not originally being created exclusively for processing transactions, Krug notes that Ethereum has steadily improved its network to the extent of becoming a hub for financial services, which is led by the pioneering niche of decentralized finance, or DeFi.
With the growth of DeFi protocols, the co-Chief Investment Officer of the hedge fund believes that decentralized finance will become the linchpin of investment and financial development in the future.
Joey Krug explained, “if you roll the clock forward 10 to 20 years, a very sizable percent, maybe even north of 50%, of the world’s financial transactions in some way, shape or form will touch Ethereum.”
Despite Ethereum being one of the least scalable blockchain networks (having to rely on layer-2 solutions like Polygon), Krug does not think any competing network would be a major threat to Ethereum’s dominance.
On The Flipside
- The investment bank, JP Morgan has noted the contrary, explaining that Ethereum could lose its DeFi dominance to upcoming chains
The key to Ethereum’s reign lies in solving its scalability crises. With Etheruem drawing closer to the ETH 2 (its transition to proof-of-stake), developers are working to put high gas fees and a lack of scalability behind the network.
Why You Should Care
With grande predictions for the future of Ethereum, getting Ethereum 2.0 right would be significant in establishing its dominance in the cryptoverse.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Get The News You Want
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.