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Wyre is the leading and, for my part, the only Safe Moon Crypto on Robinhood contender on this space today. They mixture liquidity across exchanges, OTC suppliers, and others — which ends up in low-cost trading with ACH help and debit card onboarding. In quick, the ability to get into and out of Dai for lower than 50 basis points would completely knock this problem out of the park. Layer 1 merely means the underlying blockchain corresponding to Ethereum and Bitcoin. The primary scalability challenges come right down to networking, storage, and computational energy.