What about Matic and Aave? Isn't it going to be a shambles?

Aave and Compound, for example, are decentralized money marketplaces that pave the path for a more open and accessible financial system. Aave, one of the more intriguing DeFi enterprises, was trading at $280, although it had seen a 2.5 percent fall in the previous 24 hours.



With its recent ascent, the 28th ranked currency has pleased many crypto aficionados. In a recent interview, the same subject was discussed. A few significant aspects underlying AAVE's excellent performance, according to Vance Spencer, co-founder of Framework Ventures. He explained:

“When you consider the massive infrastructure that underpins all of the DeFi protocols, AAVE has grown into a full-fledged corporation with a complete staff and an office. Right now, they're not focusing on developing a protocol; instead, they're looking for institutional adoptions... People are going to notice this; it's only a matter of time.”


In addition, he stated:

“I see AAVE leading the way in institutionalization, or at least in that vertical with their financial services, but there are hundreds of companies that would like access to those services but don't know how to accomplish it.” 

When it comes to MATIC's market capitalization and pricing, its year-over-year increase cannot be overlooked.
Spencer continued, "

“I believe you'll see 3 or 4 of the similar style tokens with a lot of the same items around mid-late summer. Because a lot of TVL in MATIC is reflexive, we could see rollup native projects like Quickswap and Slingshot come into play. The economic component is critical, particularly for those who are enthusiastic but cannot afford it.”


Another bitcoin supporter provided a similar bullish tale. Spencer Noon stated again: 

“We are on the verge of a successful run. Both Polygon and BSC demonstrated how to gain users. In reality, when you combine it with infrastructure and a user experience that feels very similar to ETH, you have a winning combination. To be honest, I believe it'll be a shambles. However, I'm interested to see what happens next. “When the dust settles,” says the narrator.


Implications:

Layer 2 technology, according to Vance Spencer, will let us build useable blockchain systems that can grow with whichever industry they're used in and compete with existing, centralized systems like Visa.

Here's what Ethereum inventor Vitalik Buterin had to say about it.

“If you look at the math, the scalability increases from layer 1 and layer 2 upgrades eventually add up. If you have a sharding solution, the sharding solution might boost Ethereum's scalability by a factor of 100, or much more in the future.”

 

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