The hunt for better layer 2 projects

[MidNite36]

It's time to start DCA into layer 2 projects like Optimism or Metis Dao but I really want to know which one you think is better between this two because I will be investing more money into one than the other, also do you think that Lido dao is better than any of the two? Do drop your suggestion.

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[MidNite36]

Bump

[TastyChillySauce00]

I have been using optimism users and for me this looks like more interesting rather than metis dao. I will prefer to pick optimism rather than metis dao but the questions is whether second layer solution is still worth with the hype? i meant there are too much second layer solutions and the hype will not be so big like what happened in the last bullrun. People aware about this too. that's why i were putting this as my main concern after seeing so many layer 2 come to the crypto

[MidNite36]

@aubert last like I checked we have so many layer 1 projects and the number is more than layer 2 projects, also layer 2 projects handles transactions more than layer 1, you said they might not do well in future? With Arbitrum and few others that looks more promising than optimism I doubt layer 2 will fail, all you got to do is compare, the answer is a there.

[Beparanf]

Optimism is very good L2 project but they have a background of failed security issue from there devs so I’m hesitant to this project anymore. Why not focus on huge L2 project like Polygon(Matic) and Loopeing(LRC) that has better marketcap and room for improvement in the future since it was being use already by many famous dapps.

But Optimism is the best if the only option is the 2 project above.

[GreatArkansas]

It's time to start DCA into layer 2 projects like Optimism or Metis Dao but I really want to know which one you think is better between this two because I will be investing more money into one than the other, also do you think that Lido dao is better than any of the two? Do drop your suggestion.

It's my first time hearing Metis Dao and I just checked it and seems also a quality project just like Optimism as a layer 2 project.
But my vote is for Optimism, even though these 2 projects started during the bear market, they are both superb as they are built both on top of Ethereum.
I'll still go with highest market cap which is Optimism.

[kesmex]

in my opinion there is one layer 2 project that is very good and still very cheap, yup that is SKALE Network,
if you look at the price of SKL currently still at $ 0.037, last year SKL was able to fly high almost reach $ 1,
of course this is a great opportunity if you want to invest in layer 2.

[Xal0lex]

In fact, Optimism, MetisDAO, Lido are great long-term investments. These areas are growing very strongly and are gaining support from many services. Although these tokens grew in the last few months, but if Lido drops below $1, it will be a good opportunity to add this asset to your portfolio. You can also consider such projects as Loopring, Polygon, Astar, Immutable, Scale, etc.

[Yogee]

Maybe just divide your fund like 60-40 or 70-30 with the larger share going to the less risky project. How you determine which one will ultimately depend on your own metrics.

I am personally in a watch mode only after the successful POS migration of Ethereum since many of these L2 projects were born because of ETH's limitation under POW. What else can they offer now that they can't use their low transaction fee for marketing.

[cryptoaddictchie]

In fact, Optimism, MetisDAO, Lido are great long-term investments. These areas are growing very strongly and are gaining support from many services. Although these tokens grew in the last few months, but if Lido drops below $1, it will be a good opportunity to add this asset to your portfolio. You can also consider such projects as Loopring, Polygon, Astar, Immutable, Scale, etc.

Whats the pros of metisdao? I think before it started as anon or shitcoin, when they launched. Ive seen grow on partnership with optism so It really has edge. But metisdao, not sure though but Ive seen dapps deploying to them too.

On the otherhand, Ive think astar is growing fast and even got a lot of major partnership and integrations too.

[rugrats]

@aubert last like I checked we have so many layer 1 projects and the number is more than layer 2 projects, also layer 2 projects handles transactions more than layer 1, you said they might not do well in future? With Arbitrum and few others that looks more promising than optimism I doubt layer 2 will fail, all you got to do is compare, the answer is a there.

Arbitrum and Optimism are 2 projects that I want to bet on, they all have the same potential. I don't think layer2 will fail, it solves a lot of problems for layer1 and ethereum's upgrade doesn't affect layer2 development at all. Alternatively, you can also consider investing in Polygon, it is sidechain rather than pure layer2 but very promising and solves similar problems as Arbitrum and Optimism.