Today’s topic is on layer 2 tokens.
These are the top 3 Layer 2 tokens you will regret not buying this year because they can give you a 10X return.
If your goal this year includes making millions of naira, this post is for you.
Let’s dive in.
What are Layer 2 Tokens?
Layer 2 tokens are digital currencies that work on Layer 2 solutions built on existing blockchains.
They improve the speed, cost, and efficiency of transactions and smart contracts.
Layer 2s are built on Layer 1 to help it scale.
So instead of paying $7 or more in Ethereum transaction fee, you pay $0.02.
Instead of waiting 10 minutes for your transaction confirmation, it takes only seconds.
How do they work?
- Layer 2 solutions move some computational workload off the main blockchain.
- They use techniques like sidechains, state channels, and rollups to improve efficiency.
- They bundle transactions off the mainnet, creating a cryptographic proof that validates transactions.
Why are they important?
- Layer 2 tokens help solve scalability issues and high transaction fees.
- They enable faster and more affordable transactions.
- They support a wide range of decentralized applications (dApps).
Now that we know what layer 2 tokens are, let’s get to the list of the top 3 that will 10X your investment.
Just scroll down.
3 Top layer 2 Tokens for 10X Returns
Starting with the one with the lowest market cap – ZKsync.
i. ZKsync
ZKsync had a poor reception when it launched.
Many were disappointed with the airdrop, and the token tanked from its launch date.
But it is beginning to recover.
In the past months alone, it has grown by over 88%.
ZKsync is considered a VC coin because it raised $400 million from investors to build out its technology.
And whether you like it or not, VC coins don’t disappoint during the bull season.
They get listed in the top-tier exchanges.
ZKsync, on its own, is a great technology.
It is one of the best L2 networks and this is its first bull season. So it will shine.
Now, if ZKsync sounds palatable to you, then you will love the Optimism technology.
2. Optimism
It is not only used by Optimism but also by Base, Kroma, Mode network, and more.
Its token is called Op. It is one of the first Layer 2 networks built on Ethereum.
It was launched in the 2022 bear season and hasn’t done so badly.
However, it is way off from its all-time high
But the current chart pattern shows it is preparing to take off.
Let’s get to the third coin.
3. Arbitrum
Out of the 3 layer 2 coins on my list, Arbitrum has the highest market cap, sitting at more than $4.5 billion.
We all enjoyed the Arbitrium airdrop. I got close to $2,000.
Arbitrium has a high FDV (Fully Diluted Valuation) to Market Cap ratio, which is not good.
However, it stands out as the most used and actively traded Layer 2 network, and its token distribution from the initial phase was almost perfect.
This combination of factors suggests that ARB still has significant potential for a price surge.
Beyond ARB, OP, and ZKsync, other L2s with a moderate market cap that shows strong potential for growth include:
- Zircuit
- Mode
- Astar
- Manta, and
- Taiko
There you have the top L2 tokens that will 10X your investment.
Let me know in the comment box below which of them you will be adding to your portfolio.
And if you need a legit exchange to buy them from, you can check out these:
Till my next post, hodl on and stay safe.
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