Best Upcoming Unlocks: Layer-1 & Layer-2 Solutions Driving the Next Blockchain Revolution
- Sui enhances user experience with innovations like zkLogin and programmable transaction blocks, driving Web3 adoption.
- Optimism scales Ethereum using optimistic rollups, securing transactions while enabling faster and cheaper Ethereum transactions.
- Immutable focuses on NFT scalability, ensuring secure, zero-fee minting and trading on the Ethereum network.
The blockchain world is growing vigorously and new platforms Sui, Optimism, Immutable, Saga Protocol, and Algorand offer exciting scalability, usability, and security solutions. Looking at these layered projects, several future token releases may bring new opportunities and new challenges changing the Web3 paradigm for users and developers.
Sui: User Friendly of the Web3
Current price:$1.64
Market cap:$4.3B
Sui is a Layer-1 blockchain platform whose raison d’etre is intended for a global audience. The platform is about addressing the weaknesses of the existing designed and implemented traditional blockchain designs through the use of object-oriented data model and Move programming language. Besides, Sui aims at enhancing the usability of the platform through features like zkLogin, programmable transaction blocks, and sponsored transactions. The focus of these innovations is to bring down walls and improve accessibility to users and developers of the Web3 ecosystem.
Optimism: Improving on Ethereum’s Growth
Current price:$1.88
Market cap:$2.3B
Optimism is a Layer-2 solution on Ethereum which increases capacity through optimistic rollups. Whereas transactions take place on Optimism, they are ultimately guaranteed on Ethereum. This structure enables Optimism to leverage on Ethereums security without compromising on transaction speed. With a Total Value Locked (TVL) of over $500 million and 97 active protocols on its network, Optimism is on the way to becoming a household name in the industry. Important dApps like Synthetix, Uniswap, and Velodrome are working on Optimism under live conditions, and users do not experience any hitches with scaling.
Immutable: The Answer to NFT Scalability Woes
Current price:
Market cap:
Immutable provides a Layer-2 scaling solution specific to the NFTs on the Ethereum blockchain. The platform is built to solve primary concerns such as scale, liquidity, gas fees, and thus, users can buy/sell/trade NFTs without incurring any fee. It also scales tremendously making possible for the creation of many & federated tokens like ERC-20 or ERC-721 inclusively. The projects such as Gods Unchained are already able to use the reliable and fast Blockchain technology from Immutable.
Saga Protocol: Scalability for Game Development
Current price:$2.38
Market cap:$244.3B
Using the Chainlet system gives Saga Protocol a Layer-1 solution without any boundaries for horizontal scalability. Such Chainlets are copies of the Saga Mainnet but are used to build block chains that do not contain applications but are themselves application specific. Equipped with such infrastructure, Saga is focused on the development of gaming and entertainment applications of the next generation, which will be able to provide scalability as a service and complete integration into other ecosystems. The platform has a mission to facilitate the integration of widespread blockchain practice in real consumer applications by offering affordable, yet efficient solutions of this technology.
Algorand: Making it Easy to Build Efficient and Scalable Blockchain Solutions
Current price:$0.1407
Market cap:$1.1B
Algorand is a self-funding, distributed, and efficient blockchain protocol designed with a mind towards growth. As per data, since its launch as a mainnet in 2019, Algorand has processed almost a million transactions on an everyday basis. The focus of the platform is to develop secure and scalable systems supporting applications needing strong assurance on the availability & performance. Algorand’s vision is to create an ecosystem of blockchains that accommodates various blockchain applications without compromising on performance or security.
