Crypto’s founding promise was open access to a fair and public financial system. Open networks have made gradual progress toward this goal.
The first open network to get traction - Bitcoin - offered a medium of payments and a store of value, but halted at supporting stablecoins, DeFi, or RWAs.
The second major open network, Ethereum expanded on that promise by enabling smart contracts, stablecoins, and RWAs, while facing limitations in scale, throughput, and trade execution fairness.
The next big open network will be the one that solves trade execution fairness and scale, enabling global markets to actually move on chain.
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