What is Layer 2 Blockchain Technology? | The Game of Layer-2 Blockchain | 3.0 TV

The “winter is coming” for Layer 1 blockchain as Layer 2 blockchains look to thrive in 2023. The Game of thrones has just begun among Layer 2 players.

Highlights of the Video:

1. Ethereum layer-2 scaling a two-horse battle between, Arbitrum & Optimism.
2. Arbitrum, Optimism displaces Indian Tech Team founded Polygon from top slot.
3. Arbitrum, Optimism combined market share on Ethereum Layer 2 Blockchain at 84%: L2beat.
4. Rising transactions on Optimism is signaling a flip to Polygon's dominance in the L2 Space.
5. Bernstein report places rapid transaction growth at 50% of daily Ethereum transaction in january.
6. Polygon's recent TVL stands at $1.72 bn despite a fast transaction speed of 65,000 TPS.
7. Founded in Sept 2021, Arbitrum quickly developed to become the L2 market leader.
8. GMX is a decentralized exchange protocol deployed on two EVM chains, Arbitrum & Avalanche.
9. Unlike Polygon, Optimism is a fast, stable, scalable L2 blockchain built for Ethereum Developers.
10. Polygon (MATIC) collected more than $7 mn in transaction fees in 2023.
11. Polygon's new cohort, future zkEVMs - a more advanced type of rollup.
12. Ethereum layer-2 scaling a two-horse battle between, Arbitrum & Optimism.
13. Polygon's zkEVM beta launch in March is an exciting development.
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#Layer2 #Blockchain #Arbirtrum #Optimist #Ethereum #Layer2blockchain #L2beat #Solana #Avalanche

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