List of 13 Layer 2 Blockchains (2024) (2024)

FAQs

List of 13 Layer 2 Blockchains (2024)? ›

As 2024 unfolds, the top 5 blockchain projects – Celestia, LayerZero, Monad, Inscriptions, and NEON – are carving a path in decentralized finance, NFTs, and blockchain tech. Navigating the volatile crypto market, staying abreast of these innovations offers key insights into the ever-evolving world of cryptocurrency.

As 2024 unfolds, the top 5 blockchain projects – Celestia, LayerZero, Monad, Inscriptions, and NEON – are carving a path in decentralized finance, NFTs, and blockchain tech. Navigating the volatile crypto market, staying abreast of these innovations offers key insights into the ever-evolving world of cryptocurrency.

Layer 2 blockchain solutions significantly improve transaction processing speed and throughput. The transactions conducted off-chain or through sidechain enable users to receive faster confirmation times. This enhanced speed makes applications such as decentralized finance (DeFi), gaming, and other DApps quick.

With their ability to address the scalability issues of Ethereum, these layer-2 solutions have not only supported the growth of DeFi but have also become attractive investment opportunities. Projects like Polygon, Optimism, and Arbitrum are leading the charge, showcasing the best of layer-2 scaling technology.

1. Arbitrum. Any Layer 2 crypto-list must start with Arbitrum. Based on Optimistic Rollups, Arbitrum can process transactions up to 10 times quicker than Ethereum's mainnet and save up to 95% on gas expenses.

Dogecoin ($DOGE)

Spotlight Wire Dogecoin, commonly known by its moniker DOGE, being the world's first meme crypto is the strongest candidate on this list to achieve 1$ valuation.

List of Layer 2 Blockchains. Discover 13 Layer 2 Blockchains across the most popular web3 ecosystems with Alchemy's Dapp Store. Also explore related collections including Layer 1 Blockchains (L1s), Sidechains, Testnets. Is your project missing from the list?

These Layer 1 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Cardano, Solana, Avalanche, Polkadot, Tezos, Algorand, and NEAR Protocol, showcase diverse approaches to scalability, consensus mechanisms, and governance.

What is the next best crypto after Ethereum? ›

Some crypto analysts believe that Cardano, Solana, and Avalanche each make a great case as the next Ethereum.

Arbitrum One Becomes the First Ethereum Layer 2 Network to Surpass $10 Billion TVL. Arbitrum One's success stems from low transaction costs and Ethereum-like experience, attracting 470+ dApps.

- March 13, 2024) - Tectum, the decentralized network developed by Crispmind, has made history by becoming the fastest blockchain in the world. This is a significant stride, as the company breaks its own record of 1.2 million transactions per second and extends its streak.

Layer 1 stands as the foundational bedrock of blockchain technology. Layer 1 blockchains are the mainstays of the crypto-ecosystem, ensuring security and consensus at the most fundamental level.

Some of the top blockchain ecosystem protocols of 2024 include Ethereum 2.0, Binance Smart Chain, Solana, Cardano, Polkadot, Avalanche, Tezos, Cosmos, Algorand, and Flow.

Crypto Won't Get Long-Awaited U.S. Rules in 2024, But the Courts May Steer Its Future. The U.S. Congress is still wrestling over crypto, so it's unlikely that a full regulatory regime will be in place before 2025, though court rulings and agency policies will ke...

Our most recent Ethereum price forecast indicates that its value will increase by 0.85% and reach $3,182.71 by May 07, 2024. Our technical indicators signal about the Neutral Bullish 71% market sentiment on Ethereum, while the Fear & Greed Index is displaying a score of 69 (Greed).

Key points. Bitcoin has plenty of bullish momentum in 2024. The SEC approved the first spot bitcoin ETFs in January 2024. The original crypto is on track for its next halving in April 2024.