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Author Topic: What will happen to layer 2 networks?  (Read 258 times)
Prince Malik (OP)
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August 21, 2022, 01:20:37 PM
 #1

Eth merge is happening and soon we may see a super low transaction fees for eth transactions, the question is what will happen to layer 2 projects like arbitrum and optimism? They doing really great in scaling Ethereum with swap fees no more than 0.2$ but the question is if will keep existing in the future

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August 21, 2022, 02:22:07 PM
 #2

Only time will tell, their demand might go lower since it will look like no reason to use them but that's not always the case, let's use the present condition of ETH for an example, till this day with all the high gas fee complains on ETH why are developers still using the blockchain? That's it , many devs will still use other blockchains as well.

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August 21, 2022, 02:33:28 PM
 #3

We should consider first whether the merge will really solve the Ethereum scaling problem or not and the only thing to prove it is to wait for the actual transition of PoW to PoS and run the nodes to process all Ethereum transaction. L2 project will surely affected if the merge result is successful because there’s no sense to use them anymore while the on chain transaction cost cheap and confirm fast. But since there’s a chance that Dapps will grow when this merge becomes successful, There’s a point that congestion might happened again and L2 project might be needed.

For now, The only thing we can do is to wait for the performance of pos eth.

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August 21, 2022, 02:57:30 PM
 #4

i saw an article that eth gas fees wont be reduced by merge. so the adoption for the layer2 ecosystems will exist furthermore. eth merge was introduced not to reduce  the gas fee. it was not  introduced to lower gas fee as ethereum foundation stated. check cointelegraph website for more details.

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August 21, 2022, 03:07:09 PM
 #5

i saw an article that eth gas fees wont be reduced by merge. so the adoption for the layer2 ecosystems will exist furthermore. eth merge was introduced not to reduce  the gas fee. it was not  introduced to lower gas fee as ethereum foundation stated. check cointelegraph website for more details.
it's hard to be cheap on the ethereum network, which can make the price of ethereum cheap just during the bear season phase that is happening right now. Gwai which is now cheap can reach 4,5,6,7 Gwai I've seen EnterScane. this could be a strong reason for me that the projects that are part of ethereum are not haphazard. good quality

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August 21, 2022, 04:01:57 PM
 #6

Only time will tell, their demand might go lower since it will look like no reason to use them but that's not always the case, let's use the present condition of ETH for an example, till this day with all the high gas fee complains on ETH why are developers still using the blockchain? That's it , many devs will still use other blockchains as well.
You cant compare ETH to most of these coin, It is close to Bitcoin and SOV coin in few years from now. It has one of the biggest community and market in crypto. ETC would have been a better argument. ETH developers are very active even with the challenges of the high transaction fee, they got staking and best platform for Defi. High fee transaction seem to be the toughest challenge possed especially for smallmoney traders. All the coins still got ETH blockchain and many could flood back soon.
When you said SOV what do you mean? Are you talking about Sovryn project? That project has very bad performance and the volume keep decreasing, always have a high hope but now I am not sure anymore, maybe, just maybe, one day people will see that smart contract and defi on Bitcoin is the best.

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August 21, 2022, 04:12:15 PM
 #7

i saw an article that eth gas fees wont be reduced by merge. so the adoption for the layer2 ecosystems will exist furthermore. eth merge was introduced not to reduce  the gas fee. it was not  introduced to lower gas fee as ethereum foundation stated. check Cointelegraph website for more details.
so how could you exactly say "adoption for the layer2 ecosystems will exist furthermore" ? what is the relation between Ethereum merge and other layer 2 projects?? may you explain me plz?
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August 21, 2022, 05:48:12 PM
 #8

I believe  L2 project still deserves to exist, because crypto for me is a choice according to the tastes of each user, so if we can get a lot of choices why should we use only one choice.
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August 21, 2022, 05:51:47 PM
 #9

I believe  L2 project still deserves to exist, because crypto for me is a choice according to the tastes of each user, so if we can get a lot of choices why should we use only one choice.
What choice you are talking? L2 is just an option if the blockchain network can’t handle all the transactions but they are already useless once the blockchain can handle it for themselves. Ethereum is the only project that has tons of L2 project because of its very slow blockchain but this PoS might be the killer of L2 project once the tps increase.

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August 21, 2022, 06:13:02 PM
 #10

Developers have the right to choose, Ethereum is good but there are many options for developers, Ethereum has good utility but some.layer 1 projects have something better too so its left for developers to make a choice to their tastes.

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August 21, 2022, 11:41:39 PM
 #11

Nothing happen. There will be no a big change with it. Layer 2 blockchain will still remain exist. The fact that if there would not be a change in ethereum as well. I think that people are taking it in a wrong way. Let's see what's gonna happen with it whether you will be getting right result about ethereum scalability or not.  I think that people will always prefer to use the second layer blockchain instead of first layer with huge fees like ethereum.

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August 22, 2022, 02:21:40 AM
 #12

The Merge doesn't actually address Ethereum's transaction fee issues. One of the many myths surrounding the Merge is that it will solve gas fee problems. Actually it doesn't. The Merge is about Ethereum's shift from PoW to PoS. It is not about expanding network capacity. So it is wrong to expect that the Merge is an update regarding gas.

So don't be surprised when after the Merge the gas fees will remain high. It will still be dependent on the traffic. If there is congestion in the network, the gas will increase. If transactions are not highly competing against each other, the gas may decrease.

Please read further:

1. https://indianexpress.com/article/technology/crypto/bursting-five-common-myths-surrounding-the-merge-8099366/
2. https://blockworks.co/the-merge-will-not-lower-ethereum-transaction-fees/

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August 22, 2022, 02:44:21 AM
 #13

Eth merge is happening and soon we may see a super low transaction fees for eth transactions, the question is what will happen to layer 2 projects like arbitrum and optimism? They doing really great in scaling Ethereum with swap fees no more than 0.2$ but the question is if will keep existing in the future

They can just adjust their platform to something that the people can use or overhaul it to some kind of innovative platform in order for them not to die just like that but with the Ethereum update, they tend to lose their business and be forced to do something different if they wanted to join the project as usual. Though they are helping to give people convenience these days, changes are fast to occur in crypto industry and I'm sure they already have a plan B.

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August 22, 2022, 03:23:49 AM
 #14

Developers have the right to choose, Ethereum is good but there are many options for developers, Ethereum has good utility but some.layer 1 projects have something better too so its left for developers to make a choice to their tastes.
I think that you are going a bit out of topic from the discussiong. It's about whether the ethereum merged will have an impact to the layer 2. In my opinion if merged has nothing to do with second layer solution. It's not about the dev choose based their taste. It's about the technical specs from the blockchain that can give a lot of benefits to the developers and its platforms. I think that people know this so well.

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August 22, 2022, 04:42:54 PM
 #15

Could always pivot their system to something else. The biggest problem with Layer 2 projects is that they are usually not decentralized, they have creators and developers which mean that they are working overtime to make it better. So, if one day things go south, they could always try to do something else and go with the flow and change their features to apply for the brand new better tech.

I am not saying all will do that, some will stay and try to get more attention, but the option is there to change it to the better version if they ever want to. Hence why I believe it would not be really that much of a trouble for them in the long term.

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August 22, 2022, 05:15:04 PM
 #16

they are there to help ETH users make transactions cheaper but if ETH already has a much lower fee and faster they might leave the layer 2 project, so I am waiting for this merger to work and get a low fee to make it easier for me to sell my tokens on ETH network

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August 23, 2022, 06:23:39 AM
 #17

Nothing happen. There will be no a big change with it. Layer 2 blockchain will still remain exist. The fact that if there would not be a change in ethereum as well. I think that people are taking it in a wrong way. Let's see what's gonna happen with it whether you will be getting right result about ethereum scalability or not.  I think that people will always prefer to use the second layer blockchain instead of first layer with huge fees like ethereum.
The eth team didn't say that once ethereum merged is completed, the layer 2 will now disappear. Layer 2 are already created, so they will remain but what people are afraid of is that the layer 2 coins will get weaker because many will return to eth once eth fees returns to normal but you said it will not happen? Ouch, I think people that hope for it are going to be hurt once again because this isn't the first time they hope for that but every eth upcoming updates they always say that eth fees will return to normal but anyway there are still layer 2 which can be a good alternative to eth because they have a cheaper fees and they are also fast.

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August 23, 2022, 06:39:00 AM
 #18


They're there to help ETH users make transactions cheaper but if eth already has lower price and is faster they may leave the layer 2 project So i'm waiting for this merger to work and to get a low fee so i can sell my tokens on the eth network Layer 2 extends ethereum as a distinct blockchain over layer 1 s network It communicates and offloads the mainnet's enormous transaction load through smart contracts that include ethereum's decentralised security concept Lyer 1 handles security data availability and decentralisation whereas Layer 2 scales transactions reduce costs Layer 2s consolidate off chain transactions into on layer 1 transaction reducing the data burden mainnet transactions maintain security and decenttralisation usefulness layer initiatives can improve the user experience and expand applaction scope with higher Tps and reduced prices.

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August 24, 2022, 08:15:32 PM
 #19

Eth merge is happening and soon we may see a super low transaction fees for eth transactions, the question is what will happen to layer 2 projects like arbitrum and optimism? They doing really great in scaling Ethereum with swap fees no more than 0.2$ but the question is if will keep existing in the future
We "may" only, it means it is not sure yet if the new eth will bring back the old eth that we know where the fees are more affordable. The two coins that you mentioned still have a chance to continue their good performance because they are still being preferred by most people especially those who are in budget because they can't just afford the high fees in ethereum right now but if ever eth returns to normal, I am afraid that many people are going back to it and those two coins that you mentioned will become weaker.

If you invest on them, you need to slowly sell them now and you can put the profit that you will be getting in ethereum.

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August 25, 2022, 01:01:19 AM
 #20

Eth merge is happening and soon we may see a super low transaction fees for eth transactions, the question is what will happen to layer 2 projects like arbitrum and optimism? They doing really great in scaling Ethereum with swap fees no more than 0.2$ but the question is if will keep existing in the future

Not exactly. The ETH blockchain will still remain under heavy load due to it being the most popular smart contracts platform in the world. PoS would only have a positive effect over ETH's energy consumption, but that's it. The real deal would be scaling ETH through Layer-2 scaling solutions like Arbitrum and Optimism. I don't think such solutions will disappear, since they can prove to be useful at times where ETH's congestion becomes uncontrollable. When you have a PoS-enabled ETH blockchain, Sharding, and Layer-two scaling solutions, then you'd get an unfathomable experience in "De-Fi" beyond compare.

I think the combination of different scaling techniques in ETH, BTC, and other chains would help them reach large masses of users without experiencing any drawbacks whatsoever. I'd prefer to use a Layer-2 scaling solution that is decentralized, than a scalable smart contract platform like Solana which is highly centralized. The future is all about off-chain scaling solutions and interoperability in order to make crypto/Blockchain land a better place. Who knows if major cryptocurrencies reach higher prices because of increased mainstream adoption? Just my thoughts Grin

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