Too Long; Didn't Read
FTX collapse has sent shockwaves through the crypto exchange industry. The collapse of the FTX exchange will have a dramatic impact not just on centralized exchanges but also on blockchains and the broader DeFi and Web3 ecosystems. Developers are increasingly building dApps that can tap into the user bases and assets of multiple chains rather than being locked into just one ecosystem. The future looks to be multi-chain, consisting of a variety of Layer-1 and Layer-2 chains, each vying to overcome central problems and mark itself as a market leader.