The web3 industry is currently dominated by transactions of high value but low volume. This is also what currently differentiates web3 from web2: every transaction has a relatively high cost associated with it and throughput is limited. Consequently, only transactions of a high individual value make sense.
These limitations have resulted in DeFi being the first killer use case in web3, driving the development of various tools and optimization strategies to address these challenges. In this market, most smart contract tools have been designed around the “High-Value-Low-Volume world” or value-driven world.
However, a new generation of infrastructure, which has been in development since the first iteration of smart contracts, is now maturing, allowing for higher throughput and substantially lower transaction fees.
This shift opens the door for a broader range of consumer-facing applications beyond just DeFi, aligning with the original vision of blockchain: building a decentralized internet and challenging the dominance of centralized behemoths like Facebook or Google.
We are transitioning from a value-driven world to a volume-driven world. Although counterintuitive at first, while individual transactions may not hold significant value, the overall volume of transactions becomes substantially larger. The shift from High-Value-Low-Volume transactions to Low-Value-High-Volume transactions is already happening. Lens protocol, for instance, showcases the initial applications of this shift in decentralizing social media. But this is just the start as attention of allocators also again turns towards the implementation of mass-market applications, directly facing or providing value to end-clients and consumers.
This brave new world however needs rails to work on. The tooling which has been built in the old value-driven-world paradigm can architecturally not necessarily keep up with the needs of the new volume-driven-world. An example here would be the amount of automation and individual transaction based actions (e.g. a notification for every post) needed in a social media app versus a a DeFi app. As transaction volume increases, the already high cost of running ancillary non-core systems becomes even higher because automation of the on-chain processes is still separate and somewhat centralized. So much so, that often two systems have to be run in parallel increasing complexity, fragility and costs substantially.
The Nerif platform is built for this brave new world. The Nerif App enables developers to easily set up a wide variety of automations and deploy them in minutes, effectively allowing to replace the complete centralized backend needed to create a dApp. The Nerif Network on the other hand, processes those workflows in a trustless way and is, because of it’s architecture, horizontally scalable to allow the throughput needed to run large-scale volume-driven dApps.
Nerif is live as of today! Join our waitlist to get whitelisted and build for a volume-driven-world now: https://nerif.network/waitlist
Are you already whitelisted? Access the app directly: https://app.nerif.network