OP Labs executives: In the next five years, it will become a trend for fintech companies to popularize their own Blockchain Layer 2.

OnChainDetective · 2025-06-18T09:26:33+00:00

In the next five years, fintech companies will operate their own Blockchains. The Layer2 network Base has successfully attracted users and developers since 2023, improving asset utilization, while the traditional Crypto Assets custody costs are relatively high. With the development of technology, the industry will move towards a more efficient direction.

OnChainDetective

2025-06-18 09:26:33

Abstract generation in progress

On June 18, it was reported that in the next five years, every fintech company will operate its own blockchain. Sam McIngvale, head of product at OP Labs, pointed out that the success of a trading platform’s Layer2 network Base since its launch in 2023 has attracted many users and developers, and its combination with the platform’s Bitcoin-backed loans enables the monetization of idle crypto assets. Built with Optimism’s OP Stack, Base is one of the largest Layer 2 networks, and its success heralds industry trends. McIngvale also said that traditional custody of cryptocurrencies is costly, while L2 chains make it easier to borrow and lend. At present, a number of crypto exchanges around the world have launched Layer2 blockchains similar to Base, and fintech companies such as Robinhood are also exploring their own L2 networks. McIngvale believes that as the technology matures, users will no longer tolerate the high latency and high fee experience of earlier blockchains, and the industry is moving towards more efficient asset utilization.

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