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“I think technology is really going to accelerate in the blockchain space driven by American builders.” – 06:20
Ryan Galvankar, Founder of Plaza Finance& Opt.fun, joins Remy Blaire at the New York Stock Exchange to discuss the current state of Ethereum and its pivotal role in the decentralized finance (DeFi) landscape.
Ryan elaborates on what makes Ethereum the go-to platform for innovating on traditional finance derivatives. He emphasizes Ethereum’s decentralization, its robust community of builders, and the advantages of its programming language, Solidity, which have established it as the backbone of global DeFi.
The conversation shifts to the importance of Layer 2 solutions, such as BASE, in facilitating institutional adoption. Ryan explains how these solutions help scale Ethereum by moving transaction logic off the core blockchain, thereby keeping transaction costs low and efficient. This scalability is crucial for Ethereum to compete with traditional financial networks like Visa.