www.t3rn.io Open in urlscan Pro
52.17.119.105  Public Scan

Form analysis
1 forms found in the DOM

Name: wf-form-Contact-Form — GET

<form id="wf-form-Contact-Form" name="wf-form-Contact-Form" data-name="Contact Form" method="get" class="form is--pop-up" data-wf-page-id="65d860d0a204cd113a41fa1c" data-wf-element-id="4e50248a-acae-f2a7-fa1e-2452c79d3b11" aria-label="Contact Form"
  data-sparkloop-form-id="1">
  <div class="form-item__parent">
    <div class="form-item__wrapper is--pop-up__flex"><label for="name-2" class="field-label">My name is</label>
      <div class="pop-up__txt-field-wrapper"><input class="pop-up__txt-field w-input" maxlength="256" name="Name" data-name="Name" placeholder="Name / Alias" type="text" id="Name" required="">
        <div class="pop-up__line is--01" style="width: 40%; height: 1px;"></div>
      </div>
    </div>
    <div class="form-item__wrapper is--pop-up__flex"><label for="name-2" class="field-label">I am a</label>
      <div class="radio-btn-wrapper"><label class="radio_btn-field w-radio">
          <div class="w-form-formradioinput w-form-formradioinput--inputType-custom radio_btn w-radio-input"></div><input id="form-user" type="radio" name="I-am-a" data-name="I am a" style="opacity:0;position:absolute;z-index:-1" value="User"><span
            class="radio_btn-label w-form-label" for="form-user">user</span>
        </label><label class="radio_btn-field w-radio">
          <div class="w-form-formradioinput w-form-formradioinput--inputType-custom radio_btn w-radio-input"></div><input id="form-developer" type="radio" name="I-am-a" data-name="I am a" style="opacity:0;position:absolute;z-index:-1"
            value="Developer"><span class="radio_btn-label w-form-label" for="form-developer">developer</span>
        </label><label class="radio_btn-field w-radio">
          <div class="w-form-formradioinput w-form-formradioinput--inputType-custom radio_btn w-radio-input"></div><input id="Investor" type="radio" name="I-am-a" data-name="I am a" style="opacity:0;position:absolute;z-index:-1"
            value="Investor"><span class="radio_btn-label w-form-label" for="Investor">investor</span>
        </label><label class="radio_btn-field w-radio">
          <div class="w-form-formradioinput w-form-formradioinput--inputType-custom radio_btn w-radio-input"></div><input id="Exchange" type="radio" name="I-am-a" data-name="I am a" style="opacity:0;position:absolute;z-index:-1"
            value="Exchange"><span class="radio_btn-label w-form-label" for="Exchange">exchange</span>
        </label><label class="radio_btn-field w-radio">
          <div class="w-form-formradioinput w-form-formradioinput--inputType-custom radio_btn w-radio-input"></div><input id="Other" type="radio" name="I-am-a" data-name="I am a" style="opacity:0;position:absolute;z-index:-1" value="Other"><span
            class="radio_btn-label w-form-label" for="Other">other</span>
        </label></div>
    </div>
    <div class="form-item__wrapper is--pop-up__flex"><label for="name-2" class="field-label">enquiring about</label>
      <div class="pop-up__txt-field-wrapper"><input class="pop-up__txt-field w-input" maxlength="256" name="Enquire" data-name="Enquire" placeholder="Company name (OPTIONAL)" type="text" id="Enquire">
        <div class="pop-up__line is--02" style="width: 40%; height: 1px;"></div>
      </div>
    </div>
    <div class="pop-up__txt-field-wrapper"><textarea id="Message" name="Message" maxlength="5000" data-name="Message" placeholder="Your message" required="" class="pop-up__txt-area w-input"></textarea>
      <div class="pop-up__line is--03" style="width: 40%; height: 1px;"></div>
    </div>
  </div>
  <div class="form-bottom"><label for="name-2" class="field-label">Contact me back at</label>
    <div class="form-bottom-grid">
      <div class="form-item__parent">
        <div data-current="Tab 1" data-easing="ease" data-duration-in="300" data-duration-out="100" class="contact-tab w-tabs">
          <div class="contact-tabs__menu w-tab-menu" role="tablist">
            <a data-w-tab="Tab 1" class="contact-tab__link w-inline-block w-tab-link w--current" id="w-tabs-0-data-w-tab-0" href="#w-tabs-0-data-w-pane-0" role="tab" aria-controls="w-tabs-0-data-w-pane-0" aria-selected="true"><div class="contact-tab__txt">email</div></a><a data-w-tab="Tab 2" class="contact-tab__link w-inline-block w-tab-link" tabindex="-1" id="w-tabs-0-data-w-tab-1" href="#w-tabs-0-data-w-pane-1" role="tab" aria-controls="w-tabs-0-data-w-pane-1" aria-selected="false"><div class="contact-tab__txt">discord</div></a><a data-w-tab="Tab 3" class="contact-tab__link w-inline-block w-tab-link" tabindex="-1" id="w-tabs-0-data-w-tab-2" href="#w-tabs-0-data-w-pane-2" role="tab" aria-controls="w-tabs-0-data-w-pane-2" aria-selected="false"><div class="contact-tab__txt">telegram</div></a>
          </div>
          <div class="contact-tabs__content w-tab-content">
            <div data-w-tab="Tab 1" class="tab__pane w-tab-pane w--tab-active" id="w-tabs-0-data-w-pane-0" role="tabpanel" aria-labelledby="w-tabs-0-data-w-tab-0">
              <div class="pop-up__txt-field-wrapper"><input class="pop-up__txt-field w-input" maxlength="256" name="Email" data-name="Email" placeholder="@" type="email" id="Email-3" required="">
                <div class="pop-up__line is--06" style="width: 40%; height: 1px;"></div>
              </div>
            </div>
            <div data-w-tab="Tab 2" class="tab__pane w-tab-pane" id="w-tabs-0-data-w-pane-1" role="tabpanel" aria-labelledby="w-tabs-0-data-w-tab-1">
              <div class="pop-up__txt-field-wrapper"><input class="pop-up__txt-field w-input" maxlength="256" name="Discord" data-name="Discord" placeholder="@" type="text" id="Discord-3">
                <div class="pop-up__line is--06" style="width: 40%; height: 1px;"></div>
              </div>
            </div>
            <div data-w-tab="Tab 3" class="tab__pane w-tab-pane" id="w-tabs-0-data-w-pane-2" role="tabpanel" aria-labelledby="w-tabs-0-data-w-tab-2">
              <div class="pop-up__txt-field-wrapper"><input class="pop-up__txt-field w-input" maxlength="256" name="Telegram" data-name="Telegram" placeholder="ID" type="text" id="Telegram-3">
                <div class="pop-up__line is--06" style="width: 40%; height: 1px;"></div>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div id="w-node-_4e50248a-acae-f2a7-fa1e-2452c79d3b52-c79d3b0e" class="form-btm-child is--right">
        <div class="recaptcha-wrapper"><label class="recaptcha-btn-field w-radio">
            <div class="w-form-formradioinput w-form-formradioinput--inputType-custom recaptcha-radio-btn w-radio-input"></div><input id="I-am-a-human" type="radio" name="Recaptcha" data-name="Recaptcha" required=""
              style="opacity:0;position:absolute;z-index:-1" value="I am a human"><span class="form-radio__label w-form-label" for="I-am-a-human">i am a human</span>
          </label></div><input type="submit" data-wait="Please wait..." class="form-submit-btn w-button" value="Send">
      </div>
    </div>
  </div>
</form>

Text Content

00
00
Home
01
01
Docs
02
02
Community
03
03
Team
04
04
Blog
Join Newsletter

00
00
Home


01
01
Build


02
02
Community


03
03
Team


04
04
Blog


Get in touch
TelegramDiscordTwitter
00
00
Home
01
01
Docs
02
02
Community
03
03
Team
04
04
Blog
Join Newsletter

00
00
Home


01
01
Build


02
02
Community


03
03
Team


04
04
Blog


Get in touch
TelegramDiscordTwitter



11 BEST ETHEREUM LAYER 2 SOLUTIONS FOR 2024: TECHNICAL OVERVIEW AND TOKENOMICS

Gino Winnefeld
December 14, 2023

Since its inception, Ethereum has emerged as one of the main platforms in
blockchain, currently sitting behind Bitcoin as the second largest blockchain by
marketcap. It’s known and used for its smart contract capabilities and security.
On Ethereum, developers can create decentralized applications (dApps) that go
beyond just currency transactions, allowing the creation of decentralized
finance (DeFi), NFTs, and more.

However, with the surge in popularity and usage, Ethereum faces a significant
hurdle, scalability. Imagine a highway busy with traffic; Ethereum is somewhat
that, struggling with high transaction fees and slower processing times as more
and more users hop on the bandwagon.




This is where Layer 2 solutions come into play, serving as vital side roads to
this congested highway.

Layer 2 solutions are like bypasses or extensions built on top of the main
Ethereum blockchain (Layer 1). They tackle the scalability issue by handling
transactions off the main chain, only interacting with it when absolutely
necessary. This approach reduces the load on Ethereum, leading to faster
transactions and lower fees. It's a bit like creating express lanes in our
highway analogy, where certain types of traffic (transactions) can move quickly,
easing the congestion.

The need for these solutions has become more pressing as the Ethereum ecosystem
continues to grow. Layer 2s don't just offer a band-aid fix; they're crucial for
the long-term scalability, efficiency, and sustainability of Ethereum, ensuring
it remains a viable platform for the growing demands of blockchain users and
builders.

Currently, the Total Value Locked (TVL) in Layer 2s stands at an impressive 16
billion dollars, a figure expected to climb as more chains join and liquidity
increases.


‍TYPES OF LAYER 2 SOLUTIONS: OPTIMISTIC ROLLUPS VS ZERO-KNOWLEDGE (ZK) ROLLUPS

There are more types of L2 scaling solutions, but currently the most popular in
use are rollups. Rollups consolidate multiple transactions into a single one
that gets recorded on the main Ethereum blockchain. There are two kinds of
rollups: Optimistic Rollups, which use economic incentives and game theory for
validating transactions, and Zero-Knowledge (zk) Rollups, which employ
cryptographic proofs for security and privacy.


OPTIMISTIC ROLLUPS

 * Function: Process transactions off the main Ethereum chain, assuming they are
   valid by default. Fraudulent transactions can be challenged and removed.
 * Advantages: Increases scalability and reduces fees; compatible with
   Ethereum's smart contracts.
 * Limitations: Transaction finalization can be delayed due to the fraud-proof
   period; slightly less secure than the main Ethereum chain.


ZERO-KNOWLEDGE (ZK) ROLLUPS

 * Function: Bundle many transactions into one and use cryptographic proofs to
   validate them without revealing individual details.
 * Advantages: Offers enhanced privacy and faster processing; improves
   scalability by reducing the data on Ethereum's blockchain.
 * Limitations: More complex technology, potentially limiting broader adoption;
   may not support all smart contract types.

Both these Layer 2 solutions are key to scaling Ethereum, with Optimistic
Rollups focusing on compatibility and ease, and zk-Rollups emphasizing privacy
and efficiency.

In this segment, we're diving into the top 11 Ethereum L2 projects, offering a
comprehensive comparison that caters to developers, builders, investors and
enthusiasts. We have selected these as the top 11 L2s based on a few factors:
the total value locked (TVL), their revenue (transaction fees in the last 30
days), their unique value proposition and developer activity.


11 Best Ethereum Layer 2 Solutions for 2024

A significant chunk of the insights and details were gathered from a couple of
standout sources that I can't recommend enough if you are looking to dive even
deeper into the L2 rabbit hole. Do check out DefiLlama and L2beat for a more
comprehensive understanding and enriched data about security, risk analysis,
development stage, market share, activity and more.


L2BEAT




DEFILLAMA


DefiLLama (Arbitrum)


ARBITRUM

Arbitrum is a technology suite designed to scale Ethereum. You can use Arbitrum
chains to do all things you do on Ethereum — use Web3 apps, deploy smart
contracts, etc., but your transactions will be cheaper and faster. The flagship
product — Arbitrum Rollup — is an Optimistic rollup protocol that inherits
Ethereum-level security.

Twitter: twitter.com/arbitrum

Dev Docs: docs.arbitrum.io

Token: ARB coinmarketcap/arbitrum


OPTIMISM

OP Mainnet is a fast, stable, and scalable L2 blockchain built by Ethereum
developers, for Ethereum developers. Built as a minimal extension to existing
Ethereum software, OP Mainnet's EVM-equivalent architecture scales your Ethereum
apps without surprises. If it works on Ethereum, it works on OP Mainnet at a
fraction of the cost.

Twitter: twitter.com/optimismFND

Dev Docs: community.optimism.io

Token: OP coinmarketcap/optimism


BASE

Base is built as an Ethereum L2, with the security, stability, and scalability
you need to power your onchain apps. Confidently deploy any EVM codebase and
onramp your users and assets from Ethereum L1, Coinbase, and other interoperable
chains.

Twitter: twitter.com/BuildOnBase

Dev Docs: docs.base.org

Token: n/a


ZKSYNC ERA

zkSync is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our
mission is not only to merely increase Ethereum's throughput, but to fully
preserve its foundational values – freedom, self-sovereignty, decentralization –
at scale.

Twitter: twitter.com/zksync

Dev Docs: era.zksync.io/docs/dev

Token: n/a


DYDX V3

dYdX v3 aims to build a powerful and professional exchange for trading crypto
assets where users can truly own their trades and, eventually, the exchange
itself.

Twitter: twitter.com/dYdX

Dev Docs: docs.dydx.exchange

Token: DYDX coinmarketcap.com/dydx

Previously operating as a Layer-2 DEX for perpetual swaps, dYdX is transitioning
to its own blockchain built with Cosmos SDK to handle more transactions. The new
dYdX chain will allow trading fees to be shared with validators and stakers, a
shift from the previous model where fees weren't shared with users.

The total supply of DYDX is 1 billion, spread over five years. The tokens are
split up like this: 27.7% to investors, 14.5% for user rewards, 15.3% to
employees and consultants, 5% for retroactive rewards, 5.2% for liquidity
providers, 7% to future employees and consultants, 24.2% to a community fund,
and small percentages to liquidity and safety pools.

There's a possible 2% inflation each year, decided by token holder votes. The
dYdX Foundation can change these rules, like they did by extending the lock
period for early investors' tokens.


MANTLE

Mantle Network is a technology stack for scaling Ethereum, and strives to be
EVM-compatible while doing so. Being EVM-compatible means all the contracts and
tools that work on Ethereum also work on Mantle Network with minimal
modifications. Users can experiment with exciting web3 apps, and developers can
deploy smart contracts in an efficient, low-fee environment.

Twitter: twitter.com/0xMantle

Dev Docs: docs.mantle.xyz

Token: MNT coinmarketcap.com/mantle


IMMUTABLE X

ImmutableX is the leading platform for building web3 games on Ethereum.Powering
the next generation of web3 games.

Twitter: twitter.com/ImmutabIeX

Dev Docs: docs.immutable.com/docs/x

Token: IMX coinmarketcap.com/immutablex


LINEA

Linea is a network that scales the experience of Ethereum. Its out-of-the-box
compatibility with the Ethereum Virtual Machine enables the deployment of
already-existing applications, as well as the creation of new ones that would be
too costly on Mainnet. It also enables the community to use those dapps, at a
fraction of the cost, and at multiples the speed of Mainnet.

Twitter: twitter.com/LineaBuild

Dev Docs: docs.linea.build

Token: n/a

Linea has secured a massive $726 million in funding and has already opened up
its mainnet to the public. They've promised to reward the early birds who tested
the network, which suggests they might be gearing up to release their own token
and potentially reward those early supporters with an airdrop. However, the nuts
and bolts of Linea's tokenomics—the way the tokens will be distributed, used,
controlled, and how many there will be—are still under wraps. For the latest and
most reliable scoop on Linea's tokenomics, keep an eye on their official updates
through their website or social media outlets.


STARKNET

Starknet is a permissionless, decentralized zero-knowledge rollup (ZK rollup)
for Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to
achieve unlimited scale for its computation without compromising on Ethereum’s
composability and security.

Twitter: twitter.com/Starknet

Dev Docs: docs.starknet.io

Token: STRK coinmarketcap.com/starknet


POLYGON

Polygon is a Layer-2 scaling solution created to help bring mass adoption to the
Ethereum platform. It caters to the diverse needs of developers by providing
tools to create scalable decentralized applications (dApps) that prioritize
performance, user experience (UX), and security.

Twitter: twitter.com/0xPolygon

Dev Docs: wiki.polygon.technology

Token: MATIC coinmarketcap.com/polygon


SCROLL

Scroll is a security-focused scaling solution for Ethereum, using innovations in
scaling design and zero knowledge proofs to build a new layer on Ethereum. The
Scroll network is more accessible, more responsive, and can support more users
at once than Ethereum alone, and if you’ve ever used or developed an application
on Ethereum, you’ll be right home on Scroll.

Twitter: twitter.com/Scroll_ZKP

Dev Docs: docs.scroll.io/en/home

Token: n/a

In March 2023, Scroll got a big boost of $80 million from big-name investors
like Polychain, Sequoia, and BainCapital. After they launched their Mainnet on
October 17th, they saw a lot of action with over 100,000 transactions in just
the first week. This means more people are building using Scroll. They started
testing things out with a pre-alpha testnet in August 2022 and then moved to a
more advanced test in February 2023 on the Goerli network. Now, Scroll is worth
$1.8 billion. But even with all this progress, they haven't shared the details
about their scroll tokenomics. Everyone's looking forward to the Scroll airdrop,
hoping it'll be worth the wait.


CONCLUSION

Wrapping up this post, we would like to draw attention to a perspective shared
by Ethereum's co-founder, Vitalik Buterin, in one of his latest pieces regarding
Layer 2 solutions. He observed a growing diversity among Layer 2 projects and
anticipates this trend will persist.

“One of the inevitable consequences of this is that we are seeing a trend of
layer 2 projects becoming more heterogeneous. I expect this trend to
continue...”

Vitalik notes that some projects currently existing as independent layer 1s are
looking to bring themselves closer to the Ethereum ecosystem and potentially
become ecosystem layer 2s.

‍


JOIN MULTICHAIN MATTERS

Join our newsletter to receive high-quality content like this, alongside the
latest web3 tech and t3rn updates, exclusively in your inbox once a month. Join
alongside +15,000 subscribers - no spam, only value.


More Articles
Get in Touch
Privacy policyTerms of use
AboutCommunityBuildXBIBlogsCareersMedia Kit
GithubWhitepaperNewsletterDocumentation
Light paperComing Soon
TokenomicsComing Soon
Get in touch


Join +15,000 interoperability experts,
and stay up to date with t3rn.


tech
DocsWhitepaperExecutorsGithub
community
CommunityBlogsCareersMedia KitNewsletter
Follow us



AboutCommunityDocsXBIBlogsCareersMedia Kit
GithubWhitepaperNewsletterDocumentation
Light paperComing Soon
TokenomicsComing Soon
Get in touch


© 2024 t3rn. All rights reserved.
This is some text inside of a div block.
Terms & Conditions
Privacy Policy
My name is

I am a

user

developer

investor

exchange

other
enquiring about


Contact me back at
email
discord
telegram


i am a human
Thank you. We'll be in touch.
Oops! Something went wrong while submitting the form.


word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word

mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1