Funki Chain is a Layer 2 Ethereum Rollup Network that aims to improve scalability, security, and efficiency while reducing transaction costs on the Ethereum blockchain. It operates as part of the Optimism Superchain, utilizing the OP Plasma Mode and focusing on integrating fun and entertainment into blockchain interactions. The network is well-suited for applications such as gaming, generative AI, and social activities, offering users a seamless on-chain experience. Funki Chain's goal is to create a more accessible and enjoyable blockchain experience by enhancing transaction speeds and lowering fees, with a focus on fun and user engagement.
Funki Chain operates on the OP Stack, a modular framework enabling Layer 2 scalability solutions. It processes and settles transactions off-chain, submitting the final transaction state to Ethereum's Layer 1 for validation, reducing congestion on Ethereum and allowing for a higher volume of transactions at a lower cost. With low transaction fees under $0.001 and a block time of two seconds, Funki Chain is suitable for dApps requiring high performance and quick transaction finality. The platform offers tools such as the Funki Bridge for secure asset transfers from other blockchains and Funki Swap, a decentralized exchange simplifying asset swapping. The Relay service enables fast bridging of assets, allowing users to transfer assets to Funki Chain within seconds.
On Funki, every transaction involves L2 (execution) fees and L1 (security) fees. The L2 fee covers the cost of executing the transaction on the L2 network, while the L1 fee represents the estimated cost of recording the transaction on the Ethereum L1. The L1 fee fluctuates based on the current traffic on Ethereum L1, and the L2 fee adjusts based on the volume of transactions on the L2 network. To reduce costs, it's advisable to initiate transactions when Ethereum's gas prices are lower, such as during weekends. For more details on fee calculation, you can refer to the op-stack developer documentation on Funki's website.
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