nft: Top 10 L2 solutions review

nft: 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 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 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 avatarHabibu Abdullahi

Developer Associate

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

I will prepare Arbitrum, because always it important to be using the most established and battle tested project. Also Arbitrum from the security(risks) point of view it is the only Fraud-Proofs among the top 10.

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

I will recommend Immutable X, the project has a great promise of delivering zero gas fee, in the NFTs and other on-chain transaction. Source: https://www.immutable.com/ However, the token has a lot potential although we are at the bear market, but looking its performance, definitely worth watching. The above mentions are my own opinion, kindly do your own research (DYOR)

article avatarSanchai Luengtrakulrung

Thailand

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

Atribium because I have connected in my Metamask from your recommendation at first time😁 I am newbie for Crypto and NFTs so I start from your recommendation better.

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

Really don't know cause of my newbie. I hope to learn more and see your recommendation. Sorry for my little knowledge about this thing. I will try hard to learn more

article avatarMwila Wise

General Manager @ Excoincial Exchange

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

Arbitrum network is my best L2. ARBITRUM being a layer 2 solution solves the hardships Ethereum Network is having like issues of scalability, transaction cost which are cheaper (gas fees) and faster/speed transactions.

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

Immutable X and Optimism are highly hyped projects which even the adoption is likely to be easy by financial institutions for they also have capabilities of taking the NFT, Defi and metaverse worlds into the next level like web4 and web5 not only web3.

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

Experience Experty at its fullest

Join to unleash the power of crypto wisdom and never feel FOMO again.

Sign up