- IMX, OP, ZkSync, MATIC, METIS, STRK and ARB will all profit from the Cancun replace.
- Deutscher ranked the tasks in keeping with their long-term perspective and their funding potential.
- The analyst divided the undertaking into teams A, B, C and D primarily based on particular person outcomes.
Analyst Miles Deutscher predicted that the Cancun Ethereum EIP-4844 replace will get one of the best layer 2 protocols. Deutscher additionally evaluated the tasks primarily based on their long-term perspective and their funding potential. The analyst divided the undertaking into teams A, B, C and D primarily based on particular person outcomes.
Invariant X (IMX)
Deutscher believes {that a} key driver of Immutable X’s ecosystem is its sturdy gaming and NFT focus. In line with him, the 260 million {dollars} collected in the course of the undertaking implies that they’re sufficiently financed. Deutscher believes that the undertaking has suffered from the affect of the area of interest it belongs to. This can be a NFT gaming trade that takes time to develop. Categorizing tasks into teams A, B, C and D with the very best score, Deutscher rated the Immutable within the XC class.
Optimism (OP)
Deutscher praised Optimism for the community impact he attracted in a brief time frame. He defined that utilizing the protocol’s transactions per day metric is excessive in comparison with different Layer 2 protocols. After receiving 178.5 million USD funding, Deutscher believes that Optimism’s funding place is spectacular. He famous that the undertaking is partnered with Coinbase, with the principle events utilizing their very own growth stack. For these causes, Deutscher rated optimism within the B class.
ZkSync (ZkSync)
Deutscher included the as-yet-unlaunched ZkSync protocol in his evaluation. He centered on the product aspect of the undertaking because it had not been launched. ZkSync has raised greater than $458 million. In line with him, virtually each enterprise capitalist within the cryptocurrency area is backing ZkSync, with a complete locked worth (TVL) of over $170 million. Deutscher categorized ZkSync as an A, believing that Zk-rollups are the long run.
Polygon (MATIC)
In line with Deutscher, rating polygons is tough. Nonetheless, he admitted that 450 million was just lately obtained below the protocol. Funding in USD is a optimistic growth. He famous the criticism the undertaking confronted after being accused of burning a number of hundred million {dollars} on their runway. This made folks marvel if Polygon may sustain with its rivals.
Deutscher believes Polygon is performing effectively regardless of falling TVL, transactions and different metrics. He additionally believes Polygon stays a giant participant within the gaming trade given the dimensions of its ecosystem within the area. He rated the polygon within the B class.
MetisDAO (METIS)
Deutscher stated Metis was listed a minimum of due to its spectacular social capital. In line with Deutscher, regardless of its dimension, the Metis was mentioned usually sufficient to be thought-about one of many cash being analyzed. The analyst admitted that Metis’ funding is low and the undertaking doesn’t have many sponsors. Nonetheless, he believes that Metis’ pure share worth improve places it forward of a few of its rivals within the evaluation set. Utilizing the protocol’s funding metrics, Deutscher positioned Metis within the C class.
StarkNet (STRK)
In line with Deutscher, StarkNet has raised $8 billion. With that quantity, he expects their airdrops to be one of many largest ever seen within the cryptocurrency trade. Deutscher sees a whole lot of potential in StarkNet, primarily based on his evaluation. Nonetheless, he notes that, at face worth, the undertaking has accomplished nothing as a result of key indicators akin to TVL and transaction volumes on the community are low. He rated StarkNet as a B.
Arbitrage (ARB)
Deutscher famous that Arbitrum has amassed a whole lot of TVL from the various Dapps deployed in its ecosystem. He acknowledged the robustness of the undertaking, because it continued for use after AirDrop was applied. In financing, Deutscher believes that Arbitrum’s $123.7 million The USD worth is a good return. Crypto Banter is rated A by Arbitrum, the host.
