THELOGICALINDIAN - One of Pantera Capitals investors Paul Veradittakit was adventurous abundant to accomplish predictions for this year in the agitated apple of crypto Even admitting we acclaim the adventuresomeness were activity to blow holes in them Because this is the Internet and thats what we do actuality To be bright the columnist went through 2024 better trends and extrapolated them into the approaching Which is a safe abundant technique
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Considering Pantera defines itself as the “first U.S. institutional asset administrator focused alone on blockchain,” you apperceive Veradittakit almost mentioned Bitcoin. The afterward is a absolutely crypto affair. It’s additionally account acquainted that the better criticism that Web3 gets is that it’s adjourned by adventure basic and they’re the ones who will ultimately account from it. And, well, that’s aloof what Pantera is and does.
In any case, let’s analyze Veradittakit’s account and predictions.
Pantera On L2s and Rollups
Surprisingly, the commodity starts by throwing Ethereum beneath the bus. According to Veradittakit, all the activity will be on L2s. Those grew abundantly in 2024, and the Pantera broker considers them capital to Ethereum’s scalability.
“As boilerplate acceptance of crypto continues to grow, Ethereum’s arrangement bottleneck will alone become worse, exacerbating its problems with cessation and fees. Rollups are analytical to comestible the advance of Ethereum by ensuring that compute basement is awful scalable, acceptance users to collaborate with dApps with agnate or alike bigger expectations about account as with acceptable web apps.”
Reading amid the lines, this anticipation additionally says that Ethereum is not activity to absolution any of its arrangement upgrades this year. Which sounds about right.
Pantera On Non-Ethereum/Bitcoin Chains
This anticipation refers to the action of the L1s, or the declared Ethereum killers. The Pantera broker is acutely fractional to one in particular:
“Recent action in the Solana community, including the launches of massive funds for decentralized amusing media and gaming, suggests that the ecosystem will abide to abound badly in the advancing year.”
First of all, you can’t accept “decentralized amusing media and gaming” in a centralized belvedere like Solana. Second, Veradittakit forgets to acknowledgment Solana’s connected abstruse problems and outages. Make of that what you will.
Another addiction the columnist mentions are bridges, “which accredit interoperability amid awfully altered networks.” He considers those will “accelerate the advance of non-Ethereum ecosystems.” Or, to put it added bluntly:
“Overall, these advancements in cross-chain basement will advance the acceleration at which another band one chains accretion traction, adopting the development of a absolutely robust, assorted multi-chain crypto ecosystem.”
What the Pantera broker absolutely agency is that all added L1s will accumulate leaching on Ethereum. Which sounds about right.
Veradittakit On Composability and Web3
This affair ties with the antecedent one. The Pantera broker gets into a actual absorbing topic, though:
“Decentralized character projects, which acquiesce users to advance full, added absolute ascendancy over claimed abstracts and reputation, enabling use cases about un-collateralized loans, apperceive your chump (KYC) rules, and more. In 2022, we’ll see added projects aggrandize the ambit of on-chain ownership, acceptance users to accept full, anatomic ascendancy over their character and backing in the agenda world.”
One thing’s for sure, the apple needs “a distinct login beyond all services”. No one can handle the cardinal of passwords we’re declared to remember. This is a absolute problem. In the article, however, the columnist focuses on Ethereum-based solutions. We would like to acknowledgment that there’s an another that uses the Lightning Network. And, you know, that runs over a arrangement that’s absolutely decentralized.
Pantera On Expansion of NFTs
This is his atomic arguable take. Veradittakit thinks “NFTs will abide to abound badly in acceptance through the advancing year”. He elaborates:
“NFT projects in 2022 will appearance essentially added assortment in use cases and will reconfigure how we collaborate with and anticipate about buying of agenda media added broadly.”
However, paraphrasing Vitalik, NFTs accept to alive through a buck bazaar afore they can be advised a success. Is there activity to be a buck bazaar in 2022? Probably not. So, Pantera’s anticipation stands.
Veradittakit On Decentralized Autonomous Organizations
This prediction is additionally adequately uncontroversial:
“Given their acute prominence, I apprehend to see DAOs become a boilerplate agent for online acclimation and aggregate action, allowance individuals beyond the apple get actionably complex with causes they affliction about.”
And the Pantera broker follows it up with this one:
“As DAO operations abound in complexity, I apprehend to see alike added projects architecture out DAO applique and basement in 2022.”
More DAOs and accoutrement to administer them? That sounds about right.
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Pantera On DeFi Security
This anticipation starts with air-conditioned stats:
“More than $610 actor were baseborn through DeFi exploits in 2024 (a amazing eightfold access from $77 actor in 2024), and an added $704 actor in funds were baseborn and again after alternate by white hat hackers, like those abaft the $600 actor PolyNetwork exploit.”
Considering 2024 was the year of DeFi, this should appear as no surprise. Criminals chase success and attention. In any case, attending at those numbers and extrapolate them to what they would be if DeFi achieves boilerplate status.
“In 2022, I apprehend to see aegis become a amazing focus for DeFi projects, and ahead several added projects barrage about bigger acute arrangement auditing, absolute runtime monitoring, and customer protections.”
The catechism actuality is, is that enough? Or are acute affairs a aegis accident by definition? Will anyone be able to body an unhackable DeFi protocol? Who will win this race?
