Bankless

ROLLUP: 3rd Week of October

Oct 23, 2020
This week dives into DeFi innovations and Ethereum's scalability solutions, highlighting the shift towards Layer Two projects. The hosts explore Bitcoin's rising momentum and how PayPal's new crypto functionality is shaking up market dynamics. They discuss BarnBridge’s unique risk stratification for investors, along with the promise of Circle UBI integrating decentralized identities. The interplay of regulation and privacy in the crypto world is dissected, along with the implications for central bank digital currencies and the future of decentralized finance.
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INSIGHT

Ethereum Active Addresses ATH

  • Ethereum's active addresses reached an all-time high, surpassing even the 2017 peak, indicating increased network usage.
  • This growth aligns with MetaMask's 1 million monthly active users milestone, suggesting broader Ethereum adoption.
INSIGHT

Ethereum's Settlement Value

  • Ethereum is on track to settle over $1 trillion in 2020, exceeding Bitcoin's settlement value.
  • This highlights Ethereum's strength as a platform for diverse economic activities beyond just settling Ether.
INSIGHT

PayPal's Walled Garden

  • PayPal's adoption of crypto allows unbanked individuals to use their crypto for payments within the PayPal network.
  • However, it's a walled garden, restricting sending crypto to external wallets, limiting its bankless potential.
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