Analysts expect Dencun to be the next big thing in smart contracts, as Ethereum is no longer the most popular platform for smart contracts. upgrade As layer-2 technologies improve, this trend is likely to continue.
Ethereum In a recent report, Flipside analysts revealed that Ethereum is losing its position as the leading hub for smart contracts due to growing competition between layer-2 networks. According to their dataSince January 2022, more than 640 millions smart contracts have been deployed. Polygon You can also find out more about the following: BNB Chain Binance Smart Chain (formerly Binance) is the leader in contract deployments.
Flipside says OptimismLayer-2 solution, which runs on top of Ethereum’s architecture, accounted for approximately “for two thirds of total EVM smart contract deployments so far in 2024.”
“As the majority of EVM contracts are no longer deployed directly on Ethereum, we expect the forthcoming Dencun upgrade to further accelerate this trend as L2 solutions become more accessible and efficient.”
Flip Side
Analysts also noted that contract deployers are on the rise, with 34.7% of all deployers in observed chains now being classified as such since Jan 1. This is a marked increase from just 11.2% both in 2022 and 2023. Flipside noted that it was not the case. “isn’t just developers that can deploy contracts,” Additionally, smart contracts can deploy contracts.
“For instance, ‘Factories’ like UniswapV2Factory allow anyone to create liquidity pools for their tokens permissionlessly. This tends to lead to deployments consolidating around deployers like these.”
Flipside
The non-fungible tokens will be deployed in the meantime.NFTsAnalysts reported that the ( ) fell from 18,6% down to 8,2% in the same period. next Bull Run “might prioritize decentralized finance over NFTs, which dominated the previous cycle.”
Michael Novogratz, the founder of Galaxy Digital, launched a crypto bank in January. said A research report has stated that 2024 is going to be a pivotal year for Ethereum. Other layer-1 blockchains, such as Solana Will likely raise stakes.
Galaxy Digital analysts point out that Ethereum’s modular structure, especially various rollup types will present new challenges and technology risks due to its early development stage. Solana is positioned as the leading competitor to Ethereum, as it has a monolithic structure and is the most distinct general-purpose Blockchain.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news
