Think about your metropolis’s major freeway is consistently jammed. So the town decides to construct a quick side-road that connects to the freeway – identical vacation spot, much less site visitors, decrease tolls.
Earlier than opening it to the general public, they let a bunch of drivers check it out free of charge.
Now think about that side-road sees 4 million automobiles in its first week.
That is mainly what simply occurred in crypto.
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Robinhood Markets launched a check model of its personal Layer-2 (aka its blockchain constructed on high of Ethereum).
And in its first week of testing? 4 million transactions.
Vital: this wasn’t actual cash shifting round. This was a testnetso it was builders, bots, and curious builders poking on the system, sending faux transactions, seeing what breaks, what’s clean, and what wants fixing.
Nonetheless, 4 million isn’t a sleepy begin.
And what precisely is Robinhood constructing?
They’re experimenting with one thing known as tokenized real-world property – mainly placing regular monetary stuff (like shares or ETFs) onto a blockchain to allow them to transfer round extra flexibly.
It is nonetheless early. This is not dwell for purchasers but. However the rehearsal drew a crowd.
Now – pause. Testnet exercise could be inflated by bots. 4 million transactions sounds big, nevertheless it would not equal 4 million folks.
Nonetheless, whereas a testnet is not proof of adoptionit nonetheless is proof of curiosity.
And the overwhelming curiosity on this L2 factors to the truth that the subsequent section of crypto may not be about new cash – however about upgrading the pipes of TradFi.
If tokenized property turn into actual and broadly used, this is what adjustments:
👉 Markets do not shut at 4 PM;
👉 Belongings can plug into automated techniques;
👉 Transfers settle quicker;
👉 Center layers shrink.
Which is fairly neat, in case you ask me.
However anyhow, again to the freeway analogy.
The side-road is not open to the general public but. Nobody’s commuting on it. However the metropolis simply ran thousands and thousands of check drives, and the pavement held up.
That doesn’t assure it will change site visitors perpetually.
Nevertheless it tells you the way forward for the freeway may not look the way in which it does right now.
