DApps & the future with Seascape

If you are new to the world of Decentralized Apps, or dApps, you will notice a few trends right from the very beginning. One is that they are hugely popular, growing at a rate the digital world could not have predicted in its early days. The second is that Ethereum is one of the hottest names around. From collectibles such as CryptoPunks and Hashmasks, to decentralized exchanges such as Uniswap and Sushiswap, Ethereum is a dominator in the field. And it’s easy to see why. Ethereum has ramped up its presence as DeFi has gained in prominence. Many DeFi dApps use Ethereum as an operating system for loans with smart contracts as intermediaries. Ethereum based DeFi dApps contributed over 88% of the total volume under the Finance Sector in the third quarter of 2019. To date, over a quarter of the top dApps listed on DappRadar are built on Ethereum, the largest percentage represented by any chain.

This is not where the story ends, however. While a cursory look at DappRadar will reveal the prevalence of Ethereum, it will also become immediately noticeable that BSC, or Binance Smart Chain, dominates the field of financial service dApps. Some of the biggest growers such as Pancake Swap and Goose Finance are not only hugely popular among Crypto enthusiasts, but also some of the biggest and fastest growers in the industry.

But how did this happen? How did Pancake, whose model was nearly identical to SushiSwap, outscope the latter practically overnight? It saw $400 million in trading volume recently and briefly became the world’s second-largest DEX service by trading volume. And not just Pancake, a number of BSC projects, including BakerySwap, saw enormous growth, sometimes over 10–20 times in the blink of an eye. Such underdog growth stories have been increasingly less rare in recent days.

The immense popularity of Ethereum has caused gas fees to continually break record prices. Whereas, a single transaction may cost upwards of $100 on Ethereum Mainnet, the same may cost as little as $0.01 — $0.05 on BSC. It is thought that for this reason that all of the top DeFi apps on DappRadar are powered by BSC. Pancake Swap, AutoFarm, Goose Finance, and JulSwap are all BSC mini miracles. And the profit train doesn’t seem to be coming to halt just yet.

Layer 2 solutions, such as Tether on the OMG Network, have played a part in helping Ethereum in the race toward scalability. However, as many users are aware, the Binance Smart Chain has flown through like a wrecking ball, changing what the future may look like going forward. In January 2021, the total transaction volume on BSC amounted to $15 billion. This is an exponential rise over previous months. Right now, what makes BSC differ considerably from Ethereum, is that the latter’s ecosystem is more diverse and spread out and decentralized, whereas the former’s is highly concentrated and supported by centralized exchange.

But all of this is poised to change in these highly volatile times. Binance will continue to diversify its ecosystem, with DeFi dApps that will continue to challenge the entire traditional financial system. BSC aims to maintain its place in the hierarchy by promoting the era of gamification, and massive onboarding. This newest generation of dApps must grapple not only with massive hitters such as borrowing, lending, staking, and farming, but it must do so in a way that is amenable to new users, fun, easy, fast, and affordable. The world of DeFi is appealing to wider audiences, delivering mind boggling returns, and now is going to take the gaming world in general by storm.

Enter Seascape.

With a focus on usability and quality, Seascape Network’s aim is to create an environment that will allow users, developers and stakeholders to play, earn and share experiences in an incentivized way. In order to do this, it must have wide appeal with the wider ecosystem, hence its launch on Ethereum, as well as fast, flexible solutions, and adaptive integration into existing infrastructure while building bridges toward the future.

In order to bring the full force of traditional gaming, in all of its glory to the DeFi sphere, Seascape will leverage these leaps in lowered gas prices and quick transactions to create a seamless user experience to a new audience waiting to fall in love with crypto. The future is today.

Your game. Your rules.

Enjoy the Seascape.

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