DeFi protocols looking to scale up

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Updated September 21, 2022 | Published September 24, 2020

2 mins read

All leading DeFi platforms, including Uniswap, Aave and Synthetix have said that they are close to rolling out their Layer 2.

The solution is expected to free up precious resources and allow for a better consumer experience.

With the DeFi experience proving too tempting, demand has far outpaced supply, leading to raising gas prices and clogging networks across the board, including those focused on blockchain gaming.

Thankfully, though, gaming operators have been spared from some of the craze.

FunFair Technologies, an independent developer of blockchain and provably fair blockchain games, has been working on its own Layer 2 technology, which will be integrated with all partner casinos once it’s ready. 

In the meantime, Bitcasino.io, the patron of blockchain and Bitcoin gambling, has been working on its lightning network, running trials to test compatibility and whether it can scale its offer adequately to slash onerous gas costs. 

It has not been easy, but trials continue.

London-based Aave, which is the second most popular DeFi Protocol, has given signals that the release of a V2 of its platform is imminent and that would help slash costs.  

Uniswap is developing a V3 solution which will allow it to reach what Uniswap founder Hayden Adams calls the platform’s full potential.

Recently, the heady climb to the tomb, landed Uniswap the billion-dollar mark milestone, but demand has been rising around the clock, forcing developers to seek quicker scaling solutions. 

There are plenty of great gaming platforms you can visit unperturbed by gas prices, including the already mentioned Bitcasino, FortuneJack, 1xBit, and others. 

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.
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