#andrecronje explains that technological evolution happens in stages, with both social and technical events playing key roles. They use the internet and #blockchain as examples, noting how developments like the ICO bubble in 2017 were necessary for decentralized finance ( #DEFÄ° ) to emerge.

Looking ahead, #SONIC by #SonicLabs is introduced as a blockchain solution overcoming current limitations with features like low-latency consensus, true finality, gas subsidies, and native account abstraction, paving the way for more advanced decentralized apps (dapps). Sonic will also enable privacy-preserving, on-chain credit scores, unlocking a potential $11 trillion market for DeFi developers.