On 26 Feb 2025, Xtalks session, hosted by Kody, brought together industry experts to discuss the critical factors influencing the survival of Layer 1 and Layer 2 blockchains, the impact of meme coins, and the future of blockchain innovation. Participants included Joel (Dash), Sophia (Rocket Launcher), Simon (Warp), Kingsley (Coin Terminal), Marcello (Zip Clash), and Smith (Banquet).
What Determines the Survival of L1/L2 Blockchains?
- Revenue & Business Models
- Simon (Warp): Stressed that sustainable revenue models with well-defined fee structures are crucial for long-term success.
- Joel (Dash): Agreed, adding that projects must also account for unforeseen technological shifts that could impact their viability.
- Community & Support
- Marcello (Zip Clash): Strong community backing and liquidity are key to surviving market fluctuations.
- Sophia (Rocket Launcher): Highlighted the role of low gas fees and network reliability in attracting and retaining users.
- Innovation & User Experience
- Kody: Emphasized interoperability and a seamless user experience, reducing friction for users dealing with multiple wallets.
- Kingsley (Coin Terminal): Added that transparency, clear communication, and active developer engagement are essential to building trust.
The Role of Meme Coins in Blockchain
- Speculation & Community Engagement
- Marcello (Zip Clash): Acknowledged that speculation is inherent in crypto, but strong community engagement can sustain even projects with minimal technical value.
- Joel (Dash): Differentiated between product tokens (utility-driven) and speculative tokens to mitigate gas token volatility.
- Meme Coins & L1 Technology
- Sophia (Rocket Launcher): Noted that while meme coins often rely on community-driven hype, some are evolving to add real utility.
- Kingsley (Coin Terminal): Argued that meme coins do more harm than good, creating more losers than winners in the market.
- Simon (Warp): Criticized meme coins for drawing attention away from fundamentally strong projects.
Technological Innovations in L1 Blockchains
- Building a Comprehensive Ecosystem
- Simon (Warp): Emphasized the importance of strong infrastructure and developer tools to support blockchain projects.
- Interoperability & Usability
- Kody & Fresco: Agreed that ease of use and cross-chain compatibility are critical for mainstream adoption.
The Future of Blockchain (2026 and Beyond)
- Joel (Dash): Called for an end to "broken promises", advocating for a frictionless user experience similar to mainstream tech products.
- Fresco: Highlighted the need for speed and seamless multi-chain interactions to drive the next wave of adoption.
Final Thoughts & What’s Next
Kody wrapped up the session by thanking the panelists and announcing that Xtalk will continue with regular discussions on pressing issues in crypto. Future sessions will focus on fostering collaboration, transparency, and innovation across the blockchain ecosystem.
