optimism: Top 10 L2 solutions review

optimism: 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 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 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 avatarIsabel Bardon

Retired

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

Zksync is where i prefered to , the apps is smooth in transaction and i never had any problem by using it. Many of my friends were using zksync as well.

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

I think optimism , They offer an airdrop and patiently waiting again another incoming airdrop.They have many project that trusting their network.

article avatarroxanne rodriguez

Social Media Evaluator/ Cryptocurrency Trader

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

Optimism catches my attention because first it is much cheaper among other "ethereum killer" blockchain and it becoming more popular thanks to its airdrop for their early user. The way it handle the transaction is much more efficient that even Vitalik , the ethereum founder greatly praised Optimism's governance structure.

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

I think i may recommend Optimism. This L2 project does have a big potential. The structure of the governance is commendable. It may help us for more cheaper transactions.

article avatarChow Crypto

Admin project

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

optimism because of the low cost of gas and fast and very easy to bridge from ETH L1 to ETH2. and the most important thing is that they are a great team supported by vitalik

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

optimism and arbitrum because the two projects are currently in the L2 hype, maybe in the future there will be many who are included in the two projects

article avatarJordan Finneseth

Blockchain Consultant

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

Optimism and Arbitrum are two solid picks with a lot of backing. My favorite L2, Polygon, is not on the list but I feel it is a solid choice

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

Arbitrum and Optimism have a lot of solid backing and are likely to perform well over time. Polygon is one of the most developed and widely adopted solutions.

article avatarAkinwande Opeyemi

Simple

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

Optimism Is the best in my own point of view,and also it a very and nice project to look out for in the future Advice people to go for it ,thanks

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

Optimism Best of it all ,will like to invest in it ,will tell my people (my friends )and also will let to know if someone can apply for project

article avatarTaofeek Salami

Degen crypto

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

Optimism, they recently launched a governance token and this will inturn increase usage of the platform and also they launched a means to incentivize users of the platform by allocating certain percent of the supply for subsequent users.

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

Arbitrum, apart from the popular ZKsync protocol they currently have the highest TVL and most likely launch a governance token in the near future.

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

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