Ethereum Layer2 Token

L2 Token List

Price Updated at "2023/03/24 07:30:47" (GMT+9)

Layer2 Blockchain	Token	Layer2 Technology	Token Price	%Change	Exchange
Optimism	OP	Optimistic Rollup	2.45 USDT	-2.19 %	Binance
MATIC (Polygon)	Matic	ZK Rollup	1.12 USDT	2.17 %	Binance
dYdX	DYDX	ZK Rollup	0.9 USDT	6.81 %	Binance
LOOPRING	LRC	ZK Rollup	0.36 USDT	9.19 %	Binance
SKALE	SKL	Optimistic Rollup	0.03 USDT	4.95 %	Binance
ZKSpace	ZKS	ZK Rollup	0.07 USDT	14.39 %	Huobi
ImmutableX	IMX	Validium	1.19 USDT	-0.74 %	Huobi
Hermez Network	HEZ	ZK Rollup	5.06 USDT	4.2 %	MEXC
Cartesi	CTSI	Optimistic Rollup	0.15 USDT	3.07 %	Binance
Celer Network	CELR	Optimistic Rollup	0.02 USDT	14.03 %	Binance
zkTube	ZKT	ZK Rollup	0.97 USDT	0 %	Kucoin
BOBA Network	BOBA	Optimistic Rollup	0.23 USDT	0.38 %	Kucoin
Metis	METIS	Optimistic Rollup	28.08 USDT	5.4 %	Kucoin
0x	ZRX	Plasma	0.23 USDT	4.23 %	Binance
Synthetix	SNX	Optimistic Rollup	2.67 USDT	-0.78 %	Binance
Perpetual Protocol	PERP	Optimistic Rollup	0.9 USDT	6.81 %	Binance
OMG	OMG	Plasma	1.75 USDT	3.77 %	Binance

Ethreum Layer2 Project

Optimism

Website: https://www.optimism.io/

Official Twitter: @optimismFND

• One of ethereum's Layer 2 ("L2") solutions that employs ORU (Optimistic Roll up)
• Optimism Project aims to lower gas costs and speed up transactions
• OP tokens listed on the exchange on June 1, 2022.

Arbitrum

Website: https://arbitrum.io/

Official Twitter: @arbitrum

• Arbitrum is a layer 2 solution developed to solve Ethereum's gas price (transfer fee) skyrocketing problem
• Arbitrum L2 project with Optimistic Rollup launched on ethereum mainnet on September 1, 2021
• Currently the most used network in ethereum's Layer2
• Arbitrum tokens do not exist, as the company has not issued any governance tokens yet.

MATIC(Polygon)

Website: https://polygon.technology/

Official Twitter: @0xPolygon

• After launching as MaticNetwork in October 2017, developer rebranded as Polygon in early 2021
• Matic functions as a second chain for Ethereum and employs PoS
• Matic's ZK (Zero Knowledge Proof) roll-up base allows for high volume transaction processing, including high speed operation

Base

Website: https://www.coinbase.com/blog/introducing-base

Official Twitter: @Base

• Feb. 2023 U.S. exchange Coinbase launches Base, a Layer 2 of Ethereum.
• L2 scaling solution for Ethereum using Optimism technology.
• Currently, Base's own tokens have not yet been issued

dYdX

Website: https://dydx.exchange/

Official Twitter: @dYdX

• Decentralized exchange with Layer 2 for fast processing and no gas costs(DEX)
• dYdX offers up to 25x leverage on margin trading

LOOPRING

Website: https://loopring.org/#/

Official Twitter: @loopringorg

• Loopring was funded through an ICO in August 2017 and listed on Binance, a leading virtual currency exchange, in September
• Loopring is the native token for the Loopring protocol, published in the "ERC-20 Standard"
• Loopring uses a second layer to take advantage of Ethereum while reducing gas costs.

Aztec

Website: https://aztec.network/

Official Twitter: @aztecnetwork

• Aztec acts as a bridge to the Ethereum blockchain
• Allows users to transact on Ethereum in privacy
• Uses zero-knowledge proof
• It is said that proprietary tokens will likely be issued in the future

StarkNet

Website: https://starknet.io/

Official Twitter: @Starknet

• Using "ZK Roll-up"
• Higher fraud tolerance and faster remittance processing time than competing Optimistic rollups
• Uses "Cairo" programming language

SKALE

Website: https://skale.space/

Official Twitter: @SkaleNetwork

• SKALE is a Layer2 solution built on Ethereum
• Easily build a high-performance sidechain called SKALE Elastic Sidechain

ZKSpace

Website: https://zks.org/

Official Twitter: @ZKSpaceOfficial

• L2 Labs uses zkRollup technology to provide Layer 2 (L2) protocols with DEX, settlement, and NFT capabilities
• First Layer 2 AMM DEX in 2021 and launch of Layer 2 NFT Marketplace at the end of 2021

ImmutableX

Website: https://www.immutable.com/

Official Twitter: @Immutable

• ImmutableX is an Ethereum Layer 2 project dedicated to NFT
• Transaction processing is instantaneous on Immutable X, with zero Gas costs for minting and trading, and Layer 2 ensures the robust security of Ethereum.

rhino.fi

Website: https://rhino.fi/b/

Official Twitter: @rhinofi

• DeFi aggregator running on layer 2 of Ethereum

ApeX

Website: https://www.apex.exchange/

Official Twitter: @OfficialApeXdex

• Compatible not only with Ethereum, but also with other L2 multi-chains
• Bybit is a major investor; ApeX Token is tradable on Bybit
• Features leveraged margin trading

Sorare

Website: https://sorare.com/

Official Twitter: @Sorare

• Sorare is a soccer NFT card trading platform on the Ethereum chain
• No proprietary tokens have been issued yet, but TVL is one of the top 10 largest L2 networks
• Uses "Validium" as Ethereum Layer2 technology

Hermez Network

Website: https://docs.hermez.io/Hermez_1.0/about/model/

Official Twitter: @hermez_network

• Hermez Network is a Layer2 solution that improves scalability of ethereum
• Polygon (MATIC) acquires Hermez Network, a zero-knowledge proofing company, in 2021.
• Poligon and Hermez Will be integrated as "Polygon Hermez" in the future.

Cartesi

Website: https://cartesi.io/

Official Twitter: @cartesiproject

• Cartesi is a layer 2 scalability solution that facilitates the development of distributed applications (dApp) across multiple blockchains
• Cartesi developers allow you to write smart contracts in a programming language you are already familiar with, such as Python, rather than Solidity

Celer Network

Website: https://www.celer.network/

Official Twitter: @CelerNetwork

• Celer is a blockchain that uses L2 to scale scalability.
• Compatible with all EVM-based blockchains, not just Ethereum.
• Celer's ICO was conducted on Binance Launchpad in 2019 and sold out in 17 minutes and 35 seconds.

zkTube

Website: https://zktube.io/

Official Twitter: @zkTubeOfficial

• zkTube is adopting ZK-Rollup to provide enhanced scalability
• zktube's website is the most insanely cool

BOBA Network

Website: https://boba.network/

Official Twitter: @bobanetwork

• BOBA network can generate transactions faster and at a much lower cost than the Ethereum network rates
• Utilize "OptimisticRollups" derived from the "Optimism Code

Metis

Website: https://www.metis.io/

Official Twitter: @MetisDAO

• Metis was founded in 2019 by Elena Sinelnicoa
• MetisDAO (METIS) is developing templates in advance of what is needed to manage the organization's business and information systems, chat tools, etc.

0x

Website: https://www.0x.org/

Official Twitter: @0xproject

• Historic Ethereum Layer 2 solution published in August 2017.
• 0x allows for almost free token-to-token exchanges issued on Ethereum's Broke Chain

Synthetix

Website: https://synthetix.io/

Official Twitter: @synthetix_io

• Supports L2 Optimistic Ethereum
• Synthetix is an Ethereum-based platform for creating and trading synthetic assets
• SNX tokens can be deposited to issue tokens whose prices are linked to equity or commodity assets instead

Perpetual Protocol

Website: https://perp.com/

Official Twitter: @perpprotocol

• Perpetual Protocol is a project that provides services to enable users to enter into derivative contracts in crypto currency.

intmax

Website: https://intmax.io/

Official Twitter: @intmaxIO

• Intmax is an Ethereum roll-up project that will evolve into something that can be used by online citizens around the world, primarily as an infrastructure for payments

OMG

Website: -

Official Twitter: -

• Development and operation started in 2017 as "OmiseGo".
• Currently working on the Ethereum L2 project

What is an Ethereum L2 Solution?

Layer 2 of Ethereum refers to a substitute chain to solve the scalability problem of the regular Ethereum blockchain network, which is Layer 1.

Currently, Layer 2 is used as a substitute for Layer 1 Ethereum (Ethereum: $ETH).

Ethereum incurs a high fee (gas money) for each transaction it issues, such as sending and receiving.

Not only that, sending and receiving can take a lot of time.

Solving those problems is the main purpose of Layer 2.

In addition to the businesses that simply develop Layer 2, companies that develop products such as NFT games may also develop their own Layer 2 solutions.

NFT games, NFT marketplaces, domain NFTs, etc., which require many transactions, are supporting Layer 2 one after another.

Ethereum's Layer2 solution was developed as a way to avoid Ethereum's skyrocketing fees and delays.

Optimistic Rollups

Optimistic roll up Features

• Instead of verifying with a Rollup contract every time, there is an incentive for users to verify fraud.
• A dispute period (Dispute period) of 1 to 7 days is provided to prosecute fraud.
• Therefore, it is necessary to wait for the dispute period until L1 finality.
• Assumes many nodes with cheap machines.

Cons.

• L1 finality takes time, so it takes time to withdraw from L1.

Verification:

• Fraud Proofs (verify Tx already sent and prosecute fraud)

Data availability:

• on-chain

ZK Rollups(Zero-Knowledge rollups)

ZK roll up Features

• Need to generate zero-knowledge proofs for all state transitions
• Validate with Rollup contract on the main chain.
• The blockchain data is basically correct to the extent that it is verified in advance.
• Therefore, a large number of full nodes is not expected. 1 full node is all that is needed to keep the data correct; withdrawals from L1 are immediate.

Cons.

• Time-consuming and expensive to compute proof of block execution generation.

Verification:

• SNARKs/STARKs (validated before Tx is sent)

Data availability:

• on-chain

Validium

Validium Features

• Validium works much like zkRollup, but with off-chain data availability processing
• Validium is capable of very high throughput

Cons.

• More characteristic of managed PoA systems, both in terms of throughput and risk profile

Verification:

• SNARKs/STARKs (validated before Tx is sent)

Data availability:

• off-chain

Plasma

Plasma Features

• Plasma is a technology that processes transactions on a sidechain and records only the final data on the main blockchain
• Plasma Whitepaper published on August 11, 2017

Data availability:

• off-chain