Date: 2025-04-08
Opinion by: Jay Jog, co-founder of Sei Labs When CryptoKitties crashed the Ethereum network in 2017, the industry learned a hard lesson about blockchain scalability. Today, with over $100 billion locked in decentralized finance (DeFi) and millions of non-fungible tokens (NFTs) being traded, that lesson is more relevant than ever. The Ethereum Virtual Machine (EVM) — the engine that powers this activity — is reaching its limits.So far, the crypto community’s answer has been layer 2 solutions — separate chains that process transactions and report back to Ethereum. But what if the community’s been looking for answers in the wrong place?Layer 2s are not the solutionLayer 2 blockchains have long been touted as the solution to the EVM’s performan...
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