DeFi Direct Summit Envisions Multichain Futures

The future of blockchain is definitely multichain. See what these insiders and developers across four chains see coming.

By
Kyle Heise
on
January 2, 2022
Category:
BSC News

DeFi Direct MultiChain Summit

The DeFi Direct YouTube hosted a Multichain Decentralized Finance (DeFi) Summit on December 30. The hour-long event featured representatives from major protocols across four of the most popular blockchain networks: Binance Smart Chain (BSC), Polygon, Solana, and Cronos. 

The conversation was set up as a roundtable and, despite the somewhat informal presentation, garnered in-depth exchanges carried by all the attendees. The event featured four representatives from four protocols. Some of the protocols themselves are multichain, like Bishares.

Attendees:

  • Ben Chow, Co-Founder of Jupiter Aggregator 
  • Defi Vlad, Co-Founder of Bishares
  • Chimpin’ Chip, Core Team at ApeSwap
  • Baby A, Global Business Operator for BabySwap
Source

Ethereum’s shortcomings have opened the floodgates for the incredibly diverse multichain landscape in development. Topics flowed from the wild west state of the multichain world currently beset the cryptocurrency industry to steps we can take to consolidate the current status quo. Each new chain is on a mission to prove itself, as the panel overwhelmingly agreed that not all networks will ultimately survive. 

The attendees discuss the benefits of building on their respective chains while also discussing the vision for scaling moving forward. Baby A, from BabySwap, still sees Binance Smart Chain as the place to be building and growing.

“We decided to launch on BSC because it has rich soil,” explained Baby A. “It has the most newborn and long-term projects because it’s cheaper than Ethereum. It has the largest traffic volume other than Ethereum.”

Compared to Ethereum, Binance Smart Chain is ahead or just behind in key figures like daily transactions, wallet addresses, etc.

“[Binance Smart Chain] is more fitting for new projects to grow. It’s also backed by the largest centralized exchange, the Binance exchange. We figure [BSC] has the most possibility,” added Baby A.

To catch more of the Summit, head over to the DeFi Direct YouTube Channel. The page is coming out with informative and timely content, week-in and week-out. 

Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in ETH, CRO, CAKE, and BSC meme projects.

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