Bankless cover image

53 - Building DeFi on Layer 2 | Synthetix, Loopring, Immutable

Bankless

00:00

Scaling Solutions and the Future of Synthetix

This chapter explores the implementation of Synthetix on optimistic roll-ups, showcasing the advantages of Layer 2 solutions, including significant reductions in gas fees. It discusses the technical processes behind transferring data from Layer 1 to Layer 2, the expectations of developers and users, and the unique challenges faced by NFTs compared to fungible tokens. Additionally, it highlights the transformative potential of Immutable X in enhancing the user experience for trading NFTs without gas fees, paving the way for future NFT innovations.

Play episode from 51:58
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app