Explosion of L2 networks: Ethereum ready to tame its rivals
The battle of Layer 2 solutions is raging among Ethereum, Binance, and Coinbase. But is it mere vanity or a lifeline for Layer 1 blockchains suffering from congestion problems? According to VanEck analysts, containing the rise of L2 networks will be challenging. By 2030, the market capitalization of similar mechanisms deployed on Ethereum could explode to reach 1 trillion dollars.