{"id":125248,"date":"2020-12-03T11:40:56","date_gmt":"2020-12-03T08:40:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/roll-ups-to-preserve-ethereums-defi-monopoly-despite-competitors-messari\/"},"modified":"2020-12-03T11:40:56","modified_gmt":"2020-12-03T08:40:56","slug":"roll-ups-to-preserve-ethereums-defi-monopoly-despite-competitors-messari","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/roll-ups-to-preserve-ethereums-defi-monopoly-despite-competitors-messari\/","title":{"rendered":"# Roll-ups to preserve Ethereum\u2019s DeFi monopoly despite competitors: Messari"},"content":{"rendered":"

“# Roll-ups to preserve Ethereum\u2019s DeFi monopoly despite competitors: Messari <\/strong>”
\n<\/p>\n

Crypto data aggregator Messari believes that roll-ups will beat out Layer 1 solutions in the race to scale Ethereum.<\/p>\n

Although Eth2\u2019s beacon chain genesis successfully took place on Dec. 1, analysts predict the upgrades spanning the Ethereum 2.0 overhaul will not be completed until 2022. As such, Messari recently asserted<\/a> the wait for Eth2\u2019s completion \u201cleaves an opportunity for other low-fee, low-latency competitors to eat into Ethereum\u2019s monopoly.\u201d<\/p>\n

\u201cThose snake-bitten by rising fees will inevitably explore alternative platforms with better transaction throughput and lower fees if they haven\u2019t already.\u201d<\/p><\/blockquote>\n

Despite praising efforts from Near, Cosmos, and Solana to build interoperable bridges with Ethereum, and move to develop scalable chains compatible with Ethereum\u2019s virtual machine from Polkadot and Avalanche, Messari predicts the second-layer solution of roll-ups will beat out Layer 1 networks as the crypto community\u2019s interim scaling solution of choice.<\/p>\n

Messari describes roll-ups as \u201cnew blockchains that process transactions independently of Ethereum\u201d before submitting the transactions to the main chain in batches. Unlike Layer 1 solutions, Messari claims<\/a> that roll-ups can fulfill computational processes \u201cwithout bogging down the underlying network with excess data and computing requests.\u201d<\/p>\n

Messari also asserts that Ethereum\u2019s robust community will deter developers from wandering elsewhere, tweeting<\/a>: <\/p>\n

\u201cWhile Ethereum competitors will offer similar technical advantages, Ethereum\u2019s strong community will continue to serve as its biggest moat.\u201d<\/p><\/blockquote>\n

Despite roll-ups still being several months away from being \u201cproduction-ready,\u201d Messari notes that \u201ca burgeoning ecosystem\u201d has already formed around various roll-up projects, including protocol development from Optimism, Offchain Labs, and Matter Labs, and plans for early implementations by Synthetix and Uniswap.<\/p>\n

If combined with sharding and proof-of-stake consensus, Messari predicts that roll-ups could allow the Ethereum network to process up to 100,000<\/a> transactions per second, an increase in transactional throughput of more than 10,000 times:<\/p>\n

\u201cIf rollups pan out, Ethereum should be able to maintain its virtual monopoly on DeFi app<\/a>lications while Eth2 remains in its incubation stage.\u201d<\/p><\/blockquote>\n<\/div>\n