The Best Layer 2 Coins to Buy Now
– Arbitrum: Generates over $100K in revenue daily, with over 120K daily active users. ARB is the governance token with a $1.2 billion market cap.
– Polygon: The most prominent Ethereum layer two scaling solution, with over $1.17 billion TVL and 350K daily active users. MATIC has a $5.3 billion market cap.
– Immutable X: Designed for the future of gaming, with a $28.9 million TVL and a $662.05 million market cap. Offers seamless and automated wallet creation.
– dYdX: A perpetual exchange with its own Ethereum layer 2 blockchain, powered by StarkWare. Provides scalability and quick withdrawals.
– Loopring: Leverages zkRollup technology for security and decentralization. Can process up to 2,025 TPS and has a $229 million market cap.
– Shiba Inu: Meme coin turned DeFi ecosystem with a large community. Recently launched Shibarium, its Ethereum layer 2 scaling solution.
– Optimism: Attracts prominent protocols, with over 100K daily active users and $200K in daily revenue. Offers scalability and decentralization.
– Mantle: A highly decentralized layer 2 with $MNT as its governance token. Processes 600 TPS and cuts transaction costs by up to 80%.
Analyzing the Best Layer 2 Tokens
– Arbitrum: Second only to Polygon by market cap, with 435 active protocols, 120K daily active users, and a $2.8 billion TVL.
– Polygon: Number one Ethereum layer two blockchain with 350K daily active users, 465 protocols, and a $1.19 billion TVL.
– Immutable X: Aims to serve blockchain gaming with scalable infrastructure and developer tools. Already attracting projects like Guild of Guardians and Gods Unchained.
– dYdX: Offers a perpetual exchange with quick withdrawals and cryptographic guarantees powered by StarkWare.
– Loopring: Leverages zkRollup technology for greater security and can process up to 2,025 TPS.
Hot Take
The layer 2 market is heating up with several projects showing great potential. Arbitrum and Polygon are leading the way, with high network activity and large user bases. Immutable X is focusing on the gaming sector, which has significant growth potential. dYdX and Loopring offer unique features and technologies that enhance scalability and security. With the crypto bull market expected to kick in soon, these layer 2 tokens could see increased demand and value. It’s important to consider factors like tokenomics, network activity, and technology when investing in layer 2 blockchain tokens.
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