May 2022 had been a heart-stopping ride for the crypto market. Most of you have heard about the recent meltdown of Luna, a cryptocurrency released by Terra. With a peak market cap of over $40 billion, the project suddenly slumped, and the price of Luna dropped from $90 to less than $0.00015 within a few days. The plunge of Luna, which was formerly one of the top 3 stablecoins, far exceeded the price drops of altcoins out there. Meanwhile, investors holding Luna also suffered heavy losses, and many have lost millions. In nearly a month since the Terra meltdown, Terraform Labs recently released Terra 2.0, a new version of Terra, and equipped it with newly minted Luna coins to make a comeback. Yet, will investors still trust Terra 2.0? Trust can dissipate instantly, but it takes a long time to build. At the moment, Ethereum remains at the center of public chain ecosystems. That said, Ethereum is also subject to multiple flaws. For example, due to its low TPS, a large commercial DApp in the ecosystem can slow down the entire network. Moreover, Ethereum users also have to pay expensive gas fees. During peak hours, a single transfer could cost hundreds of dollars, which hinders the large-scale adoption and growth of DApps. Though Ethereum has rolled out ETH 2.0, there is no specific date as to when the ETH 2.0 upgrade will be fully completed, and the upgrade process has not been all plain sailing. Undoubtedly, the boom of DApps is e...
