LAYER 2 projects to HOLD waiting for the next uptrend of the cryptocurrency.

[bluebit25]

Competition in crypto is always one of the things that appears familiar in the  market. Recalling a bit of what we went through in the most recent uptrend cycle,
that competition is mainly in the top L1, and is easily accessible. Things will not be like this forever, as many problems have been seen, such as operations, fees, speed,...
and L2 will be a new competition to solve these problems.

Why is it like that?



If everyone notices that L2 listing or airdrop announcement, then the market is quite exciting, and there are quite a lot of people participating in the market.
Looking at the overall data, markercap,... L2 projects always have Top crypto, TVL is also something that says many things, like a high TVL will depend on the project
team working well as a whole. Use trust when staking into pools in the L2 ecosystem.

A year and a half ago, I heard many people talking about ETH vs BNB in ​​the near future, but now that L2 has joined the main Ethereum network, it is
creating expansion as well as bringing in more Dapps networks, and ETH's TVL has far surpassed BNB. I know the story that when entering the uptrend
period, the investment tendency of traders is to use a lot of money to invest in this market, as I recently saw things about L2 investors raising money.
A lot of money (there are projects raising more than $100 million) has partly determined the trend will belong to L2, at the same time, Ethereum's L1
competitors do not have many breakthroughs or marketing for money to flow in L2, which is constantly being marketed on every social channel. The upcoming
Ethereum updates will aim to expand the network as well as other L2, and every time an L2 project launches a token, it is an exciting time in the crypto community.

So the vision with L2 top What is that?

• Optimism ( OP)

          TVL: ~ $704,72m
          Market cap: ~ $1b

• Arbitrum ( ARB)

          TVL: ~$1,7b
          Market cap:  ~$1,2b

• Polygon ( MATIC)

          TVL: ~ $804,8m
          Market cap:  ~ $5,1b


I see this as the top project on L2 that I'm also paying a lot of attention to,

the first project OP is quite interested in, there's a lot to say about it but I think simplification is the start, I' m sure this is one
of the projects that people pay a lot of attention to and are accumulat,talking about features, the project helps reduce fees, speed up...
bring smoothness but still safety.

ARB with its extremely huge TVL/mc ratio, it deserves a leading position in the crypto market.

As for MATIC, I see their strength as they have been around for a long time so they have enough experience and strategy.
_______________________________________________________________________________ _________________________________________________________

So through this, I also had a few small studies as well as speculation about L2 in the near future. Basically, most of the things that L2 needs to do well are process
transactions at a fast speed, reduce gas fees,  scales Dapp deployment, and require a strong enough MM to maintain the price. And this is also my speculation
about the top L2 projects, the information and opinions are all based on personal subjective knowledge, hoping to receive everyone's contribution. In addition, you
can also suggest the L2 project you are following.

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[GreatArkansas]

I am waiting for Binance Smart Chain (BSC) will be surpassed by any of these layer-2 networks especially Arbitrum, it is just a matter of time.
Arbitrum right now is leading and I agree with it already, using Arbitrum is good compared to other layer-2 networks.
Another event that we are waiting for is the time when the token of Arbitrum will pump as we also how layer-2 networks token before pumps and the TVL growth is unexpectedly high, it seems bullrun is only what we are waiting for.

[tvplus006]

...I see this as the top project on L2 that I'm also paying a lot of attention to,

the first project OP is quite interested in, there's a lot to say about it but I think simplification is the start, I' m sure this is one
of the projects that people pay a lot of attention to and are accumulat,talking about features, the project helps reduce fees, speed up...
bring smoothness but still safety.

ARB with its extremely huge TVL/mc ratio, it deserves a leading position in the crypto market.

As for MATIC, I see their strength as they have been around for a long time so they have enough experience and strategy...

It has always been unclear to me why the success of crypto projects is associated with the price of a coin if we do not receive any dividends from owning this coin. The securities market is more understandable, where the price of a security is directly related to the success of the company and, accordingly, dividends.

[shinratensei_]

when it comes to layer 2 the only coin that i'm optimistc of is simply arbitrum, maybe because the fact that their blockchain ecosystem growth was quite rapid back in the days, there was so many dapps and even meme coins deployed there that make the blockchain interesting and more lively than its competition, also the fact that it surpass optimism means its just better right? thats why i'm currently holding it.
but i wonder if polygon could actually be categorized L2 since its standalone blockchain, the gas fee isn't even using ethereum.
but speaking from the perspective of investment polygon is just as good, but I always have this thinking that polygon is basically almost the same as BSC, will always be alternative for ethereum.

[RussianEnglishTranslation]

There are a lot of new L1 and L2 projects waiting for the bull market to start before launching. Some of these projects, like Q Blockchain, Lamina1, Mantle, have airdrop and incentive programs for people who participate in their network.

[dbshck]

Arbitrum is the market leader right now proven by its TVL, but I was surprised by Optimism development in recent months. We've seen several other L2s adopting the OP stack like Base and opBNB. I'm not sure whether it'll directly affect the $OP token or not (most likely not) but an interesting development regardless.

As for other L2s which don't have tokens yet, I'm most excited for zkSync. The usage metrics for zkSync might be inflated now due to airdrop farmers' activity, but compared to other new L2s, e.g. Starknet, Linea, etc., it has the most hype and community support so far.

but i wonder if polygon could actually be categorized L2 since its standalone blockchain, the gas fee isn't even using ethereum.
but speaking from the perspective of investment polygon is just as good, but I always have this thinking that polygon is basically almost the same as BSC, will always be alternative for ethereum.

True. The Polygon PoS is more like a sidechain, but they are working on Polygon zkEVM which will be an L2 of Ethereum. This is already in mainnet beta phase and you can bridge some ETH assets there.

[libert19]

I have big hopes from Arbitrum and Optimism. Arbitrum is having highest TPS right now amongst L2s and will scale Ethereum to thousands with sharding (as rumoured, 100k) while many L2s are being built using OP stack (popular being coinbase's Base).

[rhomelmabini]

I have big hopes from Arbitrum and Optimism. Arbitrum is having highest TPS right now amongst L2s and will scale Ethereum to thousands with sharding (as rumoured, 100k) while many L2s are being built using OP stack (popular being coinbase's Base).

If Base was one of the competitor for sure that will have a piece of the pie here in this list and it's surely steadily rising in TVL. Been using Arbitrum in the past but what I like with Base is that it may scale even more considering Coinbase's reputation in the industry. I wonder if they really have their own token.

[libert19]

I have big hopes from Arbitrum and Optimism. Arbitrum is having highest TPS right now amongst L2s and will scale Ethereum to thousands with sharding (as rumoured, 100k) while many L2s are being built using OP stack (popular being coinbase's Base).

If Base was one of the competitor for sure that will have a piece of the pie here in this list and it's surely steadily rising in TVL. Been using Arbitrum in the past but what I like with Base is that it may scale even more considering Coinbase's reputation in the industry. I wonder if they really have their own token.

I think they will, base reached high tvl in short time just because of possibility of token and of retrospective airdrop.

[makishart]

I'd rather work on retrodrop for projects that will have their own tokens to support decentralization instead of using L2 blockchains that already exist in the market.
It seems like that the popularity of L1 blockchain was less compared with L2 blockchain.

In fact, L1 blockchain like SUI and SEI have less TVL compared with L2 blockchain. The ecosystem that owned by SUI and SEI are terrible caused by it's fully with scammers.

There are a lot of new L1 and L2 projects waiting for the bull market to start before launching. Some of these projects, like Q Blockchain, Lamina1, Mantle, have airdrop and incentive programs for people who participate in their network.

Mantle has been launching its token https://coinmarketcap.com/currencies/mantle/
The participants that already actively contributed in the early phase were already rewarded, but the reward was not so lucrative as OP or Arbitrum.

[bluebit25]

It has always been unclear to me why the success of crypto projects is associated with the price of a coin if we do not receive any dividends from owning this coin.

Like this is a pattern of most product projects developed in the crypto market, some prominent names like Metamask, Opensea,... are all very successful and famous products, I think The revenue they earn is huge, and they also don't have any representative coins/tokens even though users always expect that. However, it is clear that if there is no coin/token representing the product, it must be truly recognized by users, and the problem of users using that crypto leads to projects.

The securities market is more understandable, where the price of a security is directly related to the success of the company and, accordingly, dividends.

Yes, I also very much agree with you on this point of view, obviously the crypto market is still too small so there is a lot of chaos within it, strong price fluctuations from easy pump/dump manipulation but of course, if it brings investment opportunities, I think it will be necessary to adapt and learn.

[lixer]

It has always been unclear to me why the success of crypto projects is associated with the price of a coin if we do not receive any dividends from owning this coin.

Like this is a pattern of most product projects developed in the crypto market, some prominent names like Metamask, Opensea,... are all very successful and famous products, I think The revenue they earn is huge, and they also don't have any representative coins/tokens even though users always expect that. However, it is clear that if there is no coin/token representing the product, it must be truly recognized by users, and the problem of users using that crypto leads to projects.

I guess that is because they are the early on their field and then the products that they are offering are also good in quality. Most importantly is, the project is legit and the team cares about the community. No wonder why they got successful. With that said, obviously their revenue's are huge. I'm not sure if Opensea has it's own token but I heard Metamask is planning on having one. There is that new Opensea competitor but it's only difference is it has a token.

Even though some don't have it, interacting on their platform's alone can still help us to produce a profit. I don't think lots of users are expecting for more tokens because we have ton's of it in the market already. Some might be, because they think they can get an airdrop.

[jossiel]

There are a lot of new L1 and L2 projects waiting for the bull market to start before launching. Some of these projects, like Q Blockchain, Lamina1, Mantle, have airdrop and incentive programs for people who participate in their network.

While there could be good new L1 and L2 projects. But the thing with them is that no all of it are worth it to hold.

They're good as the introduction but then will lie low afterwards and that's why it's not a good coin to hold. The three that was mentioned in the OP are the ones that has that potential as well.

Too many of them but they're like the ones that's showing where many are interested with.

[o48o]

Arb is something i would consider as upcoming winner. But i am rather sad that they made a token. It was working perfectly fine without it. Now the whale holders can mess everything up by supporting just ideas that could bring the value up fast. So i am afraid that development is going to be all hype surface without substance.

-cut-
As for MATIC, I see their strength as they have been around for a long time so they have enough experience and strategy.
-cut-

You say that matic has an advantage of being old. There are other old ones that never got similar adoption, and adoption from reddit is the biggest thing it could hope for. It has introduced so many new people to nft avatars, that i don't think we can even measure how beneficial it has been.

[JeffBrad12]

There are a lot of new L1 and L2 projects waiting for the bull market to start before launching. Some of these projects, like Q Blockchain, Lamina1, Mantle, have airdrop and incentive programs for people who participate in their network.

While there could be good new L1 and L2 projects. But the thing with them is that no all of it are worth it to hold.

They're good as the introduction but then will lie low afterwards and that's why it's not a good coin to hold. The three that was mentioned in the OP are the ones that has that potential as well.

Too many of them but they're like the ones that's showing where many are interested with.

agree with this one so many of L2 projects are just gaining momentum at the first listing and went downhill afterwards, its mainly because they are overhyped meanwhile they don't really have that much value in their products.
even their so called L2 are also sometime having as high fee as ethereum so I don't think their sole existence is that useful.
therefore in selecting these L2 projects one also need to know the fact that some of them might just outright losing value overtime.
instead i'd prefer to invest in omnichain project nowadays.

[bluebit25]

You say that matic has an advantage of being old. There are other old ones that never got similar adoption, and adoption from reddit is the biggest thing it could hope for. It has introduced so many new people to nft avatars, that i don't think we can even measure how beneficial it has been.

Well, an interesting comparison on this issue, but I'll express my opinion like this

- The nature of NFT is more about hype than the ability to apply it in practical activities, not only on Reddit but in the period when the crypto market was doing well before that NFT appeared in all different forms but I'm really stupid because The real meaning of whether it exists or not, the use of everything is still the same, people's FOMO following that hype trend is only short-term.

- And why at this point am I speculating about L2 being a necessity for the market, to me it's part of the infrastructure to solve the problems I mentioned, and Matic has been doing well with the position they have as well as the potential, it will also be part of the trending. But of course the story of speculation is not too reliable, right now many big names are talking about implementing this and there is absolutely a basis for speculation.

[o48o]

Well, an interesting comparison on this issue, but I'll express my opinion like this

- The nature of NFT is more about hype than the ability to apply it in practical activities, not only on Reddit but in the period when the crypto market was doing well before that NFT appeared in all different forms but I'm really stupid because The real meaning of whether it exists or not, the use of everything is still the same, people's FOMO following that hype trend is only short-term.

- And why at this point am I speculating about L2 being a necessity for the market, to me it's part of the infrastructure to solve the problems I mentioned, and Matic has been doing well with the position they have as well as the potential, it will also be part of the trending. But of course the story of speculation is not too reliable, right now many big names are talking about implementing this and there is absolutely a basis for speculation.

Well we shall se who wins.

But like woul said, hype is only for the token, not the usecase. And hype for token doesn't bring adoption, in fact it could hurt adoption when fees are complex and price of matic so fluctuating.

If i recall correctly you need both matic and eth to use polygon, while you need only small amount of eth to use arbitrum. So in my eyes, simplicity wins the race if we want to lure in normies who struggle with metamask already. This is why i would like to see Arbitrum to win the adoption.

And while i don't see this as simple enough either, we have come a long way from ages before metamask and eth probably gets even more easier to use.

[tvplus006]

...If i recall correctly you need both matic and eth to use polygon, while you need only small amount of eth to use arbitrum. ..

No, the native token for Polygon is Matic and it is this coin that is paid for the commission on the network. And that is one of the reasons for the cheap commissions in the Poligon network, since the price of Matic is much lower than the price of ETH.

[RussianEnglishTranslation]

There are a lot of projects that are waiting for bull market conditions before launching on an exchange. During the bear market they had airdrop campaigns to grow their communities. There is no reason RN to invest in L2s when you can get them for free. Take Q Blockchain for example. If you want to get Q tokens, all you have to do is lock USDC in their lending dApp. There is an APR of 500%. Zealy dot io has lots of bounties too. I have been doing the QUAI bounty daily. All you have to do is retweet their tweets to get tokens. Stuff like that, easy money, it just takes a few minutes per day.

[libert19]

Zealy dot io has lots of bounties too. I have been doing the QUAI bounty daily. All you have to do is retweet their tweets to get tokens. Stuff like that, easy money, it just takes a few minutes per day.

So far my experience with Zealy has been worthless, I did several bounties and reward have been peanuts, also idk it's bug or what on Zealy, I click 'claim reward' on Twitter 'X' bounties without actually doing it and it gets success.

[Husires]

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.
If you want to reduce losses, invest in Ethereum. If it succeeds and prices continue at low limits and quick confirmations, the price will rise and you will have made profits, and if a problem occurs, L2 prices will rise. Here, all of polygon (MATIC) and Arbitrum (ARB) are two good options.

[libert19]

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.

Well, it's because we are in bears, when market turns the tide users will inflow and gas fees will rise again. Also, Ethereum scaling is to be done via l2 rollups like arbitrum/optimism, so I expect these projects to rise. Until ethereum natively scales, l2s will have use.

[tygeade]

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.
If you want to reduce losses, invest in Ethereum. If it succeeds and prices continue at low limits and quick confirmations, the price will rise and you will have made profits, and if a problem occurs, L2 prices will rise. Here, all of polygon (MATIC) and Arbitrum (ARB) are two good options.

Yeah, which is risk people are taking with the entire layer2 ecosystem. There are so many layer 2 projects out there and ALL of them bet that gas fee will be higher enough to make people want to use these instead. If they are right and if people do not want to pay those high gas fees and if enough people feel fed up and move to their project then these will go up, but if even one of those things do not happen just enough, that means they are not going to go up.

This is why it is definitely a risky move and I would not be entirely sure about doing something like this. There are situations where the future of the deal depends on the long term and what happens in the middle from here until then, and this is one of those investments.

[shinratensei_]

The L2 bet is based on the fact that gas prices will rise insanely and this will make investors prefer it, but if Ethereum transaction fees continue to be reasonable and the number of transactions being confirmed increases quickly, I do not expect these projects to rise in the coming years.
If you want to reduce losses, invest in Ethereum. If it succeeds and prices continue at low limits and quick confirmations, the price will rise and you will have made profits, and if a problem occurs, L2 prices will rise. Here, all of polygon (MATIC) and Arbitrum (ARB) are two good options.

current ETH gas is 7 gwei and in average each transactions requires $0.21 for it to be executed meaning its already fairly high if compared with other L1 and this is at bearish market where ethereum quite literally is dumping so hard.
I would expect the fee to somehow increase to the point $2-$4 in the bullrun and might even be more when there's massive increase in transactions, even though there are L2, many coins would still deployed in ethereum blockchain.
so i don't think L2 is that useful yet when the ecosytsem is filled with shitcoins.

[cheezcarls]

Out of all the L2s that I’ve been engaging on, I am potentially looking at Linea zkEVM and zkSync ERA. When it comes to zkSync ERA, I really liked the fact that they do have a partial refund feature every time we spend on the gas for interacting in the swaps, bridges, etc.

As for Linea, the ones behind are Consensys who is also the one creating Metamask and has a confirmed MASK token under the Ethereum network. They have very big funding last time compare to the other new L1s and L2s that I am engaging on, so this is definitely on my watch whenever they are going to launch their token in the future.

[el kaka22]

Matic has been decent for a while now and I think they will continue to be top ranked among these for a while too, but in order to see them gain any proper attention we need to first see things like ETH to have a huge gas fee again. Not like that is impossible, we could possibly have that but that doesn't mean that we are going to, it could maybe lead to not having something like that as well.

Hopefully things could be a lot more important and change a bit but I think it is going to be similar. In a better world ETH wouldn't have any gas fee issues and it would be cheap which would mean that MATIC or any other layer 2 would not be needed and wouldn't be even existing right now. So, we have to wait and see how it will go.

[JeffBrad12]

Out of all the L2s that I’ve been engaging on, I am potentially looking at Linea zkEVM and zkSync ERA. When it comes to zkSync ERA, I really liked the fact that they do have a partial refund feature every time we spend on the gas for interacting in the swaps, bridges, etc.

As for Linea, the ones behind are Consensys who is also the one creating Metamask and has a confirmed MASK token under the Ethereum network. They have very big funding last time compare to the other new L1s and L2s that I am engaging on, so this is definitely on my watch whenever they are going to launch their token in the future.

agreed with linea it seems so promising but both zksync and linea still have unclear criteria in regard of their token and whether they gonna have airdrop or not but I think arbitrum and linea gonna be massive
in the future.
right now linea is already having massive supports and both zksync and linea will be listed day 1 they release their token on exchange but the question is how we can get the token whether through investing or airdrops.
the difficult thing is getting allowed to participate in their event.

[WalkerIVIV]

the only disadvantage with L2 is the fact that they always have their value plummeting after listing though, optimism, arbitrum, and many more just outright never increase again.
I don't know why but i guess its due to the fact that these L2 really just having hypes and then just vanish into thin air not having utility thats truly needed but certainly i could be mistaken about this.

[libert19]

the only disadvantage with L2 is the fact that they always have their value plummeting after listing though, optimism, arbitrum, and many more just outright never increase again.

Arb, op are doing fine, they haven't plummeted that much, and I'm sure they will rise good once bulls arrive.

I don't know why but i guess its due to the fact that these L2 really just having hypes and then just vanish into thin air not having utility thats truly needed but certainly i could be mistaken about this.

Some L2s are useful, especially the maiden ones, some appear just to cash in the hype and won't be around for much longer.

[bluebit25]

the only disadvantage with L2 is the fact that they always have their value plummeting after listing though, optimism, arbitrum, and many more just outright never increase again.
I don't know why but i guess its due to the fact that these L2 really just having hypes and then just vanish into thin air not having utility thats truly needed but certainly i could be mistaken about this.

In this market, I think it is necessary to be more open when talking about the price of a cryptocurrency, when comparing from the beginning to ATH,... it is a journey of them and if they have entered the state of When speculating, the criteria is to wait and take profits at the right time.
There are many different phases that make people doubt the potential of certain sectors that are emerging because we are basically in a bearish market state, and it is not attractive for investors or developers vibrant activities. Doubt will soon be replaced by regret as the trends in question become more widespread.