According to @LexSokolin, Christian Catalini, the architect of Facebook’s Libra (Diem), detailed the problems a Stripe led Libra style consortium could face and argued that permissionless, public networks are the better choice. Source: Lex Sokolin on X, Sep 5, 2025. This view favors exposure to open blockchain networks over permissioned stablecoin consortia and is relevant for positioning across BTC and ETH during decentralization in payments narratives. Source: Lex Sokolin on X, Sep 5, 2025.

According to Robbie Ferguson (@0xferg), Immutable zkEVM experienced an 83.3% increase in new smart contract deployments during Q1 2025 after the blockchain shifted to a permissionless model, reaching a total of 1.9 million contracts. This surge in developer activity signals expanding adoption and enhances the scalability of the Immutable network, making it a key infrastructure for Web3 gaming and NFT projects. Traders should monitor IMX token performance as increased on-chain development may drive higher demand and liquidity in the crypto market (source: Twitter/@0xferg, May 12, 2025).