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Ethereum Layer 2 Valuation Projected to Surpass Trillions by Wall Street’s VanEck: Implications for DOUX

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In recent times, the Ethereum ecosystem has witnessed a remarkable surge in the proliferation of Layer 2 (L2) solutions. According to the latest data from L2beat, an astonishing 47 online L2 solutions are currently operational, with an additional 35 poised for imminent launch. Moreover, 11 Layer 3 (L3) solutions are in active development. Presently, the average transactions per second (TPS) on L2 networks exceed that of the Ethereum main net by an impressive factor of 11.33.

In the midst of this flourishing landscape of L2 advancements, attention naturally turns to the potential trajectory of DOUX. As an active participant in this dynamic ecosystem, DOUX’s evolution and contributions hold significant promise for shaping the future landscape of Ethereum’s scalability solutions over the next 1-2 years.

Valuation of L2 Predicted to Reach Trillions, Thousands of Rollups Expected by 2024

A recent report from VanEck forecasts a monumental milestone for Ethereum Layer 2 (L2) networks, predicting their valuation to potentially surpass 1 trillion US dollars by 2024. Within this projection, thousands of Rollups, including DOUX, are anticipated to play a pivotal role. Positioned as a standout among Rollups, DOUX is primed to leverage its innovative features and strategic positioning to drive substantial growth within the Ethereum ecosystem.

VanEck’s valuation methodology involves applying the Free Cash Flow (FCF) terminal multiple to the expected future cash flows. This predictive process encompasses several key steps, including analyzing the overall potential market size (TAM) of public chains, predicting Ethereum’s market share on these chains, and estimating the total value of Miner Extractable Value (MEV).

VanEck Evaluates Five Key Areas of L2

In its analysis of L2, VanEck states that they use the following five main variables to measure its potential success or failure:

  1. Transaction costs: The cost of transactions for users on the L2 network is a key factor in attracting users. Differences in transaction costs stem from factors such as data compression, scale, proof costs, and profit margins.
  2. Developer experience: For L2 networks, compatibility with the Ethereum Virtual Machine (EVM) is crucial, ensuring the seamless porting of smart contracts and tools from Ethereum.
  3. User experience: The convenience of asset entry and withdrawal processes is the foundation of a good user experience.
  4. Trust assumptions: Building trust around data availability on L2 and measures to prevent vulnerabilities and hacker attacks.
  5. Ecosystem scale: The strength of an L2 network’s ecosystem significantly impacts its value. TVL (Total Value Locked) on L2 indicates participation, as it demonstrates the funds invested in the ecosystem to capture opportunities.

Amidst Fierce Competition, VanEck Expresses Caution

Despite the optimistic outlook for L2 networks, VanEck expects intense competition among them and expresses caution regarding the long-term value prospects of most L2 tokens. They highlight the challenges of absorbing the influx of new supply into the cryptocurrency market and the potential for significant discounts accompanying it.

“The fully diluted value (FDV) of the seven major L2 tokens has accumulated to $40 billion, and more strong projects are expected to launch in the future. This suggests that the market may see inflows of up to $100 billion in the next 12 to 18 months.”

“For the cryptocurrency market, even digesting a small portion of this new supply will pose significant challenges, let alone the possibility of significant discounts that may accompany it.”

VanEck delves into the prospective role of DOUX within the evolving realm of Ethereum’s Layer 2 scaling solutions. While acknowledging the potential value of certain L2 tokens in the future, VanEck emphasizes the complexity of predicting their trajectory, particularly since L2 tokens are not presently utilized for gas fee payments within their respective ecosystems.

Envisioning a dynamic future landscape, VanEck anticipates the proliferation of thousands of Rollups, including those tailored for specific applications or industries, alongside dominant generic L2 solutions. Within this intricate ecosystem, DOUX emerges as a compelling contender, poised to carve out its niche and contribute significantly to the broader adoption and advancement of Layer 2 scaling technologies within the Ethereum network.

Media contact :

Contact name: Laine Burke 

Location city state: USA

Email: info@douxcrypto.xyz

Website URL: https://douxcrypto.xyz

Company name: DOUX

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Pentabase Announces Comprehensive Brand Renewal to Elevate Global Web3 Marketing and Consulting Services

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Pentabase, a leading Web3 marketing and consulting firm, has launched a comprehensive brand renewal to enhance its global service offerings. This strategic overhaul introduces a redesigned website and updated services, aimed at better meeting the needs of the evolving blockchain and Web3 markets.

Since its establishment in 2018, Pentabase has become known for its high-impact services, including blockchain project incubation, digital asset management, and public relations. The firm’s brand renewal emphasizes a USP-driven (Unique Selling Proposition) approach, moving away from formulaic token sale campaigns. Instead, Pentabase now highlights each project’s unique strengths and delivers results through storytelling-based marketing strategies, tailored for deeper audience engagement.

The redesigned website offers an intuitive interface to simplify access to Pentabase’s broad array of services. Clients can now explore in-depth service options, including project incubation and successful case studies.

Tommy Hong, CEO of Pentabase, noted, “This rebranding reflects our commitment to innovation. By optimizing our services and infrastructure, we are better positioned to support global Web3 projects as they navigate a rapidly changing landscape.”

Global Expansion and Service Offerings

Pentabase’s expanded services cater to both Korean and international clients, focusing on localized market strategies and regulatory compliance. The company is committed to helping projects enter global markets seamlessly while adhering to local legal frameworks.

Future Vision

Looking ahead, Pentabase aims to remain a leader in Web3 marketing and consulting by continuously evolving its services to support projects from incubation to global market success. With an increased focus on data analytics and tailored market strategies, the firm is dedicated to providing clients with cutting-edge solutions to drive sustainable growth.

About Pentabase

Pentabase is a global Web3 and blockchain consulting firm that specializes in marketing, incubation, and public relations. Since its founding in 2018, the firm has worked with leading projects worldwide, delivering high-ROI solutions to drive success in the decentralized technology space.

Contact Information

For media inquiries, please contact:

Pentabase PR Team

Email: info@pentabase.io 

Website: https://pentabase.io/ 

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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DMC Holdings Launches ‘DMCK Wallet’ for Secure Digital Asset Management and Integration with DeFi and NFTs

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Seoul, South Korea – October 2024 – DMC Holdings has announced the global release of its innovative digital wallet, DMCK Wallet, which is now available for download on both Google Play and Apple’s App Store. Designed to provide users with secure and efficient digital asset management, the DMCK Wallet supports a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Polygon, Binance, and Tron, as well as DMC Holdings’ proprietary tokens.

The DMCK Wallet is not just limited to cryptocurrency management; it is also built to seamlessly integrate with DMC Holdings’ proprietary decentralized finance (DeFi) platform, providing users with access to yield farming, staking, and other DeFi services. Additionally, the wallet includes an innovative NFT management feature, enabling users to store, view, and trade NFTs within the app.

Security and Accessibility at the Core

DMCK Wallet is built with state-of-the-art encryption and security protocols, ensuring that users have the highest level of protection for their assets. Additionally, it features a user-friendly interface, making it easy for both seasoned crypto enthusiasts and newcomers to manage and store their digital assets efficiently.

“We are thrilled to introduce the DMCK Wallet to the global market,” said a spokesperson for DMC Holdings. “Our goal is to make blockchain-based financial services secure and accessible for everyone. With the DMCK Wallet, users can easily manage multiple types of digital assets and engage with DeFi services, all in one place.”

A Step Towards Greater Blockchain Adoption

This wallet release is a key milestone in DMC Holdings’ broader strategy to promote global adoption of decentralized technologies. As the company continues to expand its offerings, including NFT projects, token issuance, and DeFi services, the launch of the DMCK Wallet marks a significant step forward in simplifying the user experience while providing robust, scalable, and secure digital financial solutions.

The DMCK Wallet is available for immediate download on major app stores, offering users worldwide enhanced access to the world of decentralized finance and digital asset management.

For more information about the DMCK Wallet and future updates from DMC Holdings, visit DMCK White Paper.

About DMC Holdings

DMC Holdings is a leading innovator in blockchain technology, specializing in decentralized finance (DeFi), cryptocurrency, and NFT development. The company is committed to providing secure, scalable, and user-friendly financial solutions that promote the global adoption of digital assets. With a mission to transform traditional finance, DMC Holdings is at the forefront of the digital finance revolution.

Media Details: 

Company: DMC Holdings

Contact: Jane Jun

+82 10-8249-8987

Email: admin@dmcholdings.info 

City, Country: South Korea

Website: https://c-diamondcastle.com/ 

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Embrace the Autumn Ride: Best E-Bike Recommendations

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With leaves changing color and the weather getting cooler, it must already be autumn! This is a great time of year to enjoy the outdoors, and what better way to do that than by riding your electric bike? With an e-bike, you can get around town easily, ride on trails, and even commute to work.

It’s time to say goodbye to the high temperatures and humidity that made it impossible to cycle in summer and embrace that beautiful fall weather that’s tailor-made for riders. This article introduces some great e-bikes from Vanpowers that are perfect for fall riding, including models for city commutes and adventures. These bikes offer outstanding performance and a variety of riding options.

The Best Choice for City Commuting: City Vanture

The City Vanture was Vanpowers’ first road e-bike model and the first e-bike on the market with an assembled frame. With a powerful motor and a quiet Gates® CDN™ belt drive system, it delivers a smooth, effortless riding experience. Whether you’re dodging rush-hour traffic on your daily commute or spending a weekend exploring different neighborhoods, this bike allows you to enjoy the fresh fall air and beautiful sights.

Another highlight of the City Vanture is its long range. With just a two-hour charge, it can go as far as 50 miles, and with an additional battery attachment, this range can be extended to a maximum of 80 miles. Plus, its lightweight build makes it easy to pedal even without electric assistance, just like the traditional bicycle.

Why You’ll Love It:

Lightweight and easy to ride, perfect for everyday commute

Long range for extended rides

Modern and minimalist design, suitable for urban style

Tackling Various City Terrains with Ease: UrbanGlide Series

 

If you’re looking for more freedom while riding through the city this fall, the UrbanGlide series is a fantastic choice, including the Ultra, Pro, and Standard versions to meet different riders’ needs. They are great for gliding over smooth pavement and handling roads with some bumps or uneven surfaces.

Equipped with a high-performance motor and a comfortable suspension system, it absorbs road vibrations effectively, ensuring a smooth ride even on rough surfaces. UrbanGlide is perfect for those who love exploring different parts of the city, especially on a crisp fall afternoon when you can ride through parks or along riverside paths.

Why You’ll Love It:

Suitable for various city terrains, with nimble handling

Excellent suspension system for a smooth ride

Great for discovering hidden corners of the city

All-Terrain Adventure with GrandTeton

For those who love outdoor adventures, fall is the perfect time to hit the trails, and Vanpowers’ GrandTeton is your go-to choice for exploring nature. The GrandTeton is an all-terrain e-bike that features a powerful motor and durable wide tires, allowing you to tackle various landscapes, from mountains and dirt trails to gravel paths.

In addition to its robust power and traction, the GrandTeton is equipped with an efficient suspension system and Tektro hydraulic disc brakes to ensure safety and comfort while riding. Fall riding may bring some wet or loose surfaces, but this bike’s outstanding performance will keep you worry-free, allowing you to fully enjoy the ride.

Why You’ll Love It:

Exceptional off-road capabilities for various terrains

Efficient suspension and disc brakes for high safety

Strong motor power for easy long-distance rides

Tips for Fall Riding

Fall biking is a fun and healthy activity, but to make the experience even better and safer, here are a few tips:

  • Wear the Right Gear: Fall temperatures can fluctuate, so dress in windproof and waterproof layers, and add or remove clothing as needed to stay comfortable.
  • Stay Warm: Wind can be strong, especially during long rides, so consider wearing gloves, a scarf, and other wind-protection accessories.
  • Check Your Bike’s Condition: Before heading out, make sure to check the battery level, brakes, and tire condition to ensure your bike is in top shape.
  • Plan Your Route: Choose scenic and safe routes with beautiful fall scenery and avoid roads with heavy traffic to fully enjoy your ride.

Be sure to take care of yourself and your e-bike by following these tips for cycling in the fall. Whether you’re heading out on a solo ride or spending some quality time with friends and family, stay alert and prepare yourself for whatever the season may bring. With this advice and a little bit of planning, you can be sure to have an amazing time exploring the great outdoors on your e-bike this autumn! There’s nothing like the cool air on your face and spectacular colors! Get in the saddle, what are you waiting for?

Don’t have an e-bike? Discover magic on Vanpowers! With their e-bike, your fall e-bike adventures will be taken to the next level. It is your ticket to exploring the beauty of fall with confidence and style.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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