L1 and L2 are together, what other L3 projects are worthy of your attention?

Author: 0XSTRUBE Compiled by: Deep Wave TechFlow Over the past few years, Ethereum has made significant progress on its roadmap, completing the transition from Proof of Work (PoW) to Proof of Stake (PoS), the so-called " The Merge. More recently, there has been a "Dencun" upgrade, including proto-danksharding, making Layer 2 transactions even cheaper.

Layer 2 protocol fees drop significantly

(Source: growthepie)

Before the Dencun protocol, transaction fees for Layer 2 protocols were around $0.50. Today, transaction fees on most Layer 2 chains are just a few cents. This change greatly facilitates the expansion of new applications on Ethereum.

(Source: Artemis)

Since the Dencun upgrade, the daily transaction volume of Arbitrum and Base has exceeded the Ethereum mainnet, and this trend continues. While there is still a lot of work to be done in scaling Ethereum, this is an important step in the right direction, with infrastructure improving significantly since the last cycle. The increase in activity and transaction volume on the Arbitrum and Base chains in recent months may be just the tip of the iceberg of what is to come in this cycle.

Layer 3 extension

The initial versions of Ethereum rollups are Optimism and Arbitrum, both optimistic rollups. Currently, there are an increasing number of Layer 2 optimistic and zero-knowledge rollups, most of which are classified as general purpose. Which rollup an application chooses to run or build on depends on its desired feature set and security requirements. For example, applications such as Uniswap can run on a general-purpose Layer 2 such as Arbitrum One. However, if you are a crypto game or NFT project, or other application that requires higher throughput or extremely low transaction fees (such as $0.0001), you may need a different solution. This is where Layer 3 comes in.

Examples of Layer 3 frameworks include ArbitrumOrbit and zkSyncHyperchains. While Layer 3 is currently in its early stages, you can expect some changes and improvements in the future. The general idea of ​​Layer 3 is to further extend Ethereum by creating chains that are highly customizable, cheap, fast, and interoperable, with varying degrees of security and decentralization.

Degen Chain (DEGEN)

Degen Chain is an emerging innovative blockchain that was launched in January 2024 and quickly attracted attention, with its fully diluted valuation (FDV) exceeding 2 billion within three months of launch Dollar.

1. Originally launched on Farcaster’s Degen channel, Degen Chain is a new social app that allows users to “tip” premium content.

2. Degen is built using Arbitrum Orbit, settles to Base, and uses AnyTrust for data availability (DA). The initial craze for the chain caused total value locked (TVL) to spike, but then leveled off and the price of DEGEN adjusted accordingly.
3. Sanko (DMT)

Another interesting Layer 3 application is Sanko, another chain built using Arbitrum Orbit, settling to Arbitrum L2, and using AnyTrust for data availability. Sanko focuses primarily on NFTs and games, taking advantage of the low cost and high throughput provided by Layer 3. Sanko’s native token DMT is having a great year in 2024.

1. Sanko L3 is a fun application under the Sanko platform, a platform that integrates social networking and gaming.

2. Sanko.TV blends gaming and streaming entertainment, allowing users to purchase passes to their favorite streamers and gain access to private chat rooms, similar to how Friend.tech works.

   

   Sanko demonstrates the customizability of Layer 3 chains, highlighting its potential. The increase in DMT prices highlights continued interest in the content Sanko builds, and combining the innovative features of gaming and social is a compelling value proposition. As social apps start to gain momentum, Sanko is certainly a project to watch.

The Future of Layer 3

Layer 2 mainnet has been online for a few years and has made significant progress in scaling Ethereum. While the scaling roadmap continues to advance, Layer 3, which is highly customizable, seems like the logical next step. Currently, there are many projects experimenting on Layer 3 and making varying degrees of progress.

然而，一個有吸引力的用例和短暫的熱潮並不一定意味著一項好的投資。在我們討論的兩個例子（DEGEN 和 DMT）中，原生代幣都經歷了顯著波動，這些鏈還遠遠沒有得到驗證。然而，現在 Layer 2 已經擴展，交易費用也只需要一兩分錢，機會和用例大大增加。重要的是要追蹤由於吞吐量增加和可自訂性帶來的應用類型趨勢，Layer 3 無疑會帶來一些有吸引力的投資機會。

The above is the detailed content of L1 and L2 are together, what other L3 projects are worthy of your attention?. For more information, please follow other related articles on the PHP Chinese website!