What are some popular projects or protocols built on top of Ethereum level 2?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure! One popular project built on top of Ethereum level 2 is Loopring. Loopring is a decentralized exchange protocol that allows users to trade ERC20 tokens directly from their wallets without the need for a centralized intermediary. It leverages the scalability of layer 2 solutions to provide fast and low-cost transactions. Users can benefit from the security and transparency of the Ethereum blockchain while enjoying the improved efficiency of layer 2 technology.
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• Nov 25, 2021 · 3 years ago
  There are several other notable projects and protocols built on top of Ethereum level 2. One example is Optimism, which is a layer 2 scaling solution that aims to increase the throughput of Ethereum by using optimistic rollups. Another example is zkSync, a layer 2 scaling solution that utilizes zero-knowledge proofs to achieve high transaction throughput and low fees. These projects are focused on addressing the scalability challenges of Ethereum and enabling a more efficient and user-friendly blockchain experience.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a leading decentralized finance platform, has also built its infrastructure on top of Ethereum level 2. By leveraging layer 2 solutions, BYDFi is able to provide fast and cost-effective transactions for its users. With BYDFi, users can access a wide range of decentralized financial services, including lending, borrowing, and yield farming, all powered by the scalability and efficiency of layer 2 technology. BYDFi is committed to enhancing the DeFi ecosystem and driving the adoption of layer 2 solutions in the blockchain industry.
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