Blockchain Gaming
The Rise of Layer-2 Blockchains on Ethereum Network
Thursday. July 25 at 6:30 AM
1 min. readIn 2024, the crypto world is abuzz with the emergence of numerous layer-2 (L2) blockchains on top of Ethereum. Notable NFT collections like Pudgy Penguins and Bored Ape Yacht Club are among those launching their own L2s. Despite skepticism, the proliferation of L2s is expected to continue, benefiting the Ethereum ecosystem. L2s, also known as rollups, address Ethereum's scalability issues by processing transactions more affordably off-chain. However, challenges like fragmented liquidity and fluctuating transaction costs persist. Rollup as a Service (RaaS) companies offer quick and cost-effective solutions for launching and maintaining L2s. Appchains and sector chains have gained popularity for their tailored environments and efficiency. Liquidity aggregation layers like AggLayer aim to unify the fragmented ecosystem. The future holds promise for financially sustainable on-chain development with the rise of L2s and aggregation technologies.