Top 5 Level 2 Solutions with High Prospects in 2024
Date: 2023-12-12 Author: Dima Zakharov Categories: BLOCKCHAIN
Blockchain technology has witnessed remarkable developments in recent years, with Level 2 solutions gaining momentum due to their potential to address scalability challenges. Lady of Crypto, a prominent cryptocurrency enthusiast, has highlighted five Level 2 solutions that are expected to make waves in 2024. These solutions aim to enhance transaction efficiency and reduce fees, making them attractive options for both users and businesses.
1. Linea by Consensys - Partnering with Financial Giants
One of the most promising Level 2 solutions is zkEVM Linea, developed by Consensys, the creators of the popular cryptocurrency wallet Metamask. Lady of Crypto emphasizes Linea's readiness for mass adoption, thanks to its partnerships with major traditional financial players like Visa, Mastercard, and Paypal. With a user base of 100 million Metamask users and 17,000 connected dApps, Linea has the potential to become a leading Level 2 platform.
2. Base by Coinbase - Strong Connections with New Users
Lady of Crypto also praises Coinbase's Level 2 solution, Base, for its strong connections with novice cryptocurrency users. Base network has shown significant growth, recording 1.88 million transactions in a single day on September 14, surpassing the combined transaction volume of Arbitrum and Optimism.
3. Arbitrum - A Rapidly Growing DeFi Hub
Expressing enthusiasm for Arbitrum, Lady of Crypto highlights its significant growth. As a hub for decentralized finance (DeFi) projects and one of the fastest-growing cryptocurrency networks, Arbitrum holds a prominent position in the Level 2 solution competition. Currently, Arbitrum ranks fourth with a total locked value of $2.4 billion.
4. Manta - ZK L2 with Enhanced Speed
Manta, a ZK L2 solution, stands out by storing transaction data on Celestia, a Level 1 blockchain, rather than on Ethereum itself. This architecture ensures higher speed and scalability. Lady of Crypto notes the rapid user adoption of Manta, particularly in anticipation of an upcoming airdrop.
5. Immutable X - Tailored for Web3 Gaming
Lady of Crypto concludes her list with Immutable X, a Level 2 solution designed specifically for gaming. Anticipating significant growth in the crypto gaming sector in 2024, she believes that Immutable X, with its zero gas fees, zk rollup technology, and high transactions per second (TPS), could become the preferred choice for Web3 game developers.
