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Today, Paradigm founder Matt Huang used a Twitter threads to explain to the Ethereum community why their newly incubated stablecoin payment infrastructure project Tempo chose to adopt an independent L1 public chain solution instead of Ethereum's L2 solution.
There are two core keywords that can be extracted from this: de-ideologization of the Ethereum community and business neutrality logic.
Under the influence of the GENIUS Act (already enacted) and the Market Structure Act (in the legislative process), the main narrative of the Crypto industry has shifted from decentralized fundamentalism to commercial applications.
However, observing the slogans and performance art of the Ethereum community on X during this period, they are still obsessed with decentralization, which is the sole interpretation of Vitalik, and diss other L1s such as Solana, but in driving up the price of the currency, they are overly dependent on Tom Lee's shill on Wall Street, the classic financial harvesting game paradigm.
In contrast to Ethereum, the Solana community is voting to launch the new Alpenglow consensus mechanism, which paves the way for the realization of the on-chain Nasdaq vision and delivers products to achieve the goal of fully chain-based finance as described by SEC Project Crypto.
Paradigm, which has contributed the Rust language client RETH and smart contract development tool Foundry to the Ethereum community, has clearly realized the new opportunities and challenges brought about by the Crypto transformation period.
The strategy of assembling high-value financing projects, collaborating with PointFi to create fake data booms, and using CEX to generate high FDV and low MCP is no longer relevant. This strategy is increasing marginal costs while decreasing marginal benefits.
Therefore, Paradigm, which is known for its insight into paradigm innovation and heavy investment in paradigm innovation, is making a very smart move to invest more resources in Tempo, a company it has incubated and focuses on commercial applications.
At a time when the bubble of false Crypto mass adoption - treasury stocks 🫧 begins to burst, real Crypto mass adoption projects are embarking on a legendary road of exponential growth.

Matt Huang
@matthuang
09-06
On Tempo, permissionlessness, L1 vs L2
Tempo will be a permissionless chain. On day 1, anyone will be able to deploy a token, and anyone will be able to transact on the chain. Some projects think that attracting real-world usage and serious institutions requires giving up on
The real future of Crypto lies in achieving mass adoption
long XPL (plasma)
Awakening

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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