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Opinion: Thousands of L2 blockchains may appear in the next year to promote the development of Ethereum ecosystem

Opinion: Thousands of L2 blockchains may appear in the next year to promote the development of Ethereum ecosystem

Cointime2024/07/25 01:38
By: Cointime
MATIC0.00%OP+1.16%ETH+0.71%

Lugui Tillier, the Chief Business Officer of Lumx Studios, stated that the future of Ethereum relies on the emergence of thousands of second-layer (L2) blockchains. By 2024, major NFT collections such as Pudgy Penguins, Bored Ape Yacht Club, and Azuki, as well as traditional companies like Fox Corporations and Flipkart, are announcing their own L2 solutions. Although some view this trend as hype, it is likely that thousands of L2 solutions will emerge in the next year, greatly promoting the development of the Ethereum ecosystem. L2 solves Ethereum's scalability and cost issues by batching transactions and sending them back to the Ethereum mainnet. Solutions like Polygon, Optimism, and ZkSync are addressing fragmentation through liquidity aggregation layers, driving the development of the Ethereum ecosystem.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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