arbitrum: Top 10 L2 solutions review

arbitrum: Top 10 L2 solutions review

< Show Wisdom Collection: Top 10 L2 solutions reviewarticle avatarAnupam Singh

Sales Leader | Strategist | Revenue Growth in B2B SaaS | Sales Operations Leadership

Which one of the following solutions would you choose and why?

The value proposition of having a L2 solution was to take care of the ever increasing problem of increase in traffic, leading to congestion & increased price of transactions over primary blockchain solutions like ETH. In terms of the current market & the scope of L2 as a parallel market even after ETH 2.0 upgrade, I see that Immutable X will lead the way around L2 solutions in a big way, primarily for the following reasons- 1. It is the go to network for NFT based platforms due to no gas fees & high TPS of 9000 with instant confirmation 2. Strong partnerships with projects like GameStop( gaming), Tiktok, illuvium, High-rise, Greenpark sports, Planet Quest, God's Unchained & ESL gaming to name a few 3. Their permission less decentralised Zero Knowledge protocol offered over platform using a validity based proofing mechanism via the StarEx & StarNet initiatives

Which L2 projects would you recommend to watch and why? (except given)

The other L2 projects which I would like to suggest as promising ones are the following ( in their order of preference)- 1. xDai chain 2. Loopring- LRC xDai is my most recommended project after Immutable X for the following reasons- 1. It makes NFT trading just as affordable as Immutable X 2. It's a stable coin which is pegged to USD pricing & has hidden value within the coins locked as part of proof of stake- PoS 3. High transaction processing efficiency (5 seconds transaction time) when compared to primary blockchain solutions like ETH which takes several minutes The reasons for suggesting for LRC are the following- 1. It counters other L2 solutions like arbitrum & optimism which are based on optimistic roll outs thereby leaving the success & security of the system subject to network participants to act in good faith. LRC is based on ZK rollouts 2. ZK approach provides for greater data throughput due to reduced transaction volumes 3. Transaction validity remains inherent hence the withdrawal process is highly efficient when compared with an optimistic roll out based coin 4. It's unique circular DEX based rings provides for executing 16 individual orders with no dependency over a buyer seller pairing , thereby providing for better liquidity & price discovery

article avatarSyawal Said

Pemburu crypto

Which one of the following solutions would you choose and why?

everyone, because in my opinion all the projects above have very strong potential to compete with other projects and I want the project to be more developed in the future

Which L2 projects would you recommend to watch and why? (except given)

arbitrum project that I recommend because for me the project is the most prominent and interested and I hope that later the interest will increase

article avatarNicolas Glacet

N/A

Which one of the following solutions would you choose and why?

Optimism as it clearly answers one of the weaknesses of today's Ethereum blockchain by enabling faster transactions with lower gas fees. If done well, it can make the blockchain sustainable which is not the case currently in my humble opinion

Which L2 projects would you recommend to watch and why? (except given)

I would keep an eye on Arbitrum (because of the people involved) Loopring (because of the concept of ZK rollups) & Immutable X (because of its specialization in NFTs)

article avatarleven rudolf

UX Developer

Which one of the following solutions would you choose and why?

Arbitrum low network transactions fees deployable interface for dapps adopted by many at its earliest stages. it has potential to be working alongside eth network

Which L2 projects would you recommend to watch and why? (except given)

Solana Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more

article avatarJansugi Goguadze

Driver

Which one of the following solutions would you choose and why?

Optimism It is almost a completely new project. He rewarded his participants quite well. He is fast in the transaction, as well as Vitalik Buterin appreciates him

Which L2 projects would you recommend to watch and why? (except given)

After the optimism I think we should keep an eye on ArbiTrum. At least for the fact that with great probability it will also make rewards. God loc.

article avatarAbegail Prado

Teacher

Which one of the following solutions would you choose and why?

Arbitrum is the one L2 solutions that I love because it was very cheap in gas and very smooth and convenient to use. It was amazing and the feature is very attractive

Which L2 projects would you recommend to watch and why? (except given)

I recommend to watch zksynk because there is a lot of incoming best features that will be beneficial to user and the community. I love to watch as they provide best satisfaction to their user.

article avatarOffelia Ogg

day trading, investment, crypto enthusiast

Which one of the following solutions would you choose and why?

Arbitrum network. First time I use L2 arbitrum network here with experty.io. Low costs transaction definitely is an advantage. Arbitrum has their own cross layer bridge well functioning.

Which L2 projects would you recommend to watch and why? (except given)

By myself I'v used only arbitrum network till now. Other L2 solutions will be adding to my list for exploration. Obviously all of the items deserve to be watched.

article avatarAleksander D.

Entrepreneur, crypto investor, programmer

Which one of the following solutions would you choose and why?

I like much more Optimism among those represented this list. Because they have more convenient bridge solution in compare with Arbitrum for instance, a wide list of tokens could be bridged in one click, not ETH only. Also it has a large ecosystem with many different App supported, such DeFi, swaps, NFT markets, wallets, i.e. there are everything to satisfy user's daily needs.

Which L2 projects would you recommend to watch and why? (except given)

I suggest to watch dYdX too, despite it's too specific. There are not so many of decentralized trading exchanges around and dYdX is one of them, but a huge of people are still interested in perpetual contracts trading, margin trading and other derivatives. So, their service should have a certain demand at least in a short&medium prospective, until more of competitors appear, and this mean that there is a good chance the price their native token dYdX could grow from it's current ~$1.65, that is near the ATL. So, you might earn either by perpetual trading there or by a simple buy&hold of dYdX token.

article avatararif yahya

jobless

Which one of the following solutions would you choose and why?

arbitrum, because it makes it very easy for all crypto users to send the results to their wallets without any complicated difficulties and the time it takes to enter the wallet is very fast

Which L2 projects would you recommend to watch and why? (except given)

arbitrum, I already explained clearly. because it makes it very easy for all crypto users to send the results to their wallets without any complicated difficulties and the time it takes to enter the wallet is very fast

article avatarAmit Patil

nftjag.com | Co-Founder CEO @ WhiteCOde

Which one of the following solutions would you choose and why?

I would choose Arbitrum, as provides a better solution to Ethereum by increasing the transaction speed and lowering the gas fees. Gas fees are the biggest challenge with the Ethereum

Which L2 projects would you recommend to watch and why? (except given)

I would recommend watching the Loopring project, as it gets the data from the network and provides it in a compacted format. It helps in maintaining the privacy of the transaction owner as well.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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