We are going to discuss the 5 best layer 2 solutions that can be beneficial in the coming year as these assets are becoming popular. Layer 2 solution assets are becoming popular due to their low prices and high returns.
5 best layer 2 solutions:
Layer 2 crypto assets have become hot digital tokens this year due to their low price and high returns. These assets have the potential of changing the face of the crypto market. It will be a mistake not to invest in these assets in the early stages because their use and price will increase in the coming years.
5 best layer 2 crypto assets are discussed below with their prices.
Polygon network stands at the first position in the list of 5 best layer 2 solutions. Founded by Indian developers, Polygon’s network was designed to solve the scalability and usability issues of the Ethereum Network. Polygon network has the capability of processing 65,000 transactions per second. Polygon has adopted the Plasma framework and a decentralized network of Proof of Stake validators.
Currently, Polygon holds the 14th position in the crypto market with the current price at $2.51 per unit, according to CoinMarketCap. The low price of the asset makes it perfect for investment.
Loopring is also based on the Ethereum Network and enables users to build non-custodial and order book exchanges. Zero-knowledge (zk) protocol is the main reason for the popularity of Loopering. ZK rollups are attracting more investments from the last two months, however, Loopering also has been quite competitive with Polygon in the past.
Loopring is way behind in the market rank from Polygon but the token is trading at $2.01. This project has the potential to grow and take a higher position in the crypto realm as the token has gained 1363% this year.
OMG Network (OMG):
MoreVariable Plasma protocol of the OMG Network enables it to process transactions faster at a low cost. The Plasma framework groups all transactions into a batch off-chain and then validates them as a single transaction on the Ethereum blockchain, making it less resource-intensive for users. Due to these features OMG stands third in 5 best layer 2 solutions.
OMG is trading at $6.09 per unit and ranks way behind Loopering in the crypto market.
This is the third-best layer 2 solution which is built with ZK technology and works as a Decentralized exchange. The protocol operates as an automated market maker (AMM) and enables users to trade ETH and other ERC-20 tokens. The user of this DEX can enjoy many subsidies on gas fees and complete decentralization with privacy.
ZKS is currently trading at the price of $0.3598 per token but you would be surprised to know that it has made an ATH above $11 in February 2021.
Last but not least on the top layer 2 crypto to buy is Skale Network. Skale Network is an elastic framework that seeks to address the scalability issues surrounding the Ethereum network. Given this, the scaling solution enables high transaction output while reducing network latency and cheap fees.
5 best layer 2 crypto assets are discussed and for more clcik here.