What are L1 and L2 blockchains, and why are they so popular❔
Let's dive into it, friends!
📚 To start, let's discuss the classification: L1 blockchains (Layer 1) are independent networks such as Bitcoin, Ethereum, TON, Solana, and so on. L2 — blockchains are built on top of an L1 solution, aiming to address some of its shortcomings, scale it, and enhance it; examples include Binance Smart Chain, Polygon (#MATIC ), and Arbitrum. L0, on the other hand, represents inter-network solutions that connect various L1/L2 networks, such as Atom and Polkadot.
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🔵 The essence here is that with the rapid growth of #ETH , L2 networks built on Ethereum have also shown positive dynamics — you can see this just by looking at the daily transaction chart or TVL (Total Value Locked) that I’ve attached above. And this is despite the fact that neither #ETH nor any of the L2 tokens have reached their all-time highs — it's not hard to imagine what lies ahead📈
➡️ The scale of Ethereum's growth in 2024-2025 is hard to overestimate. Undoubtedly, the current wave is just the beginning of an upward trend, and I have high hopes for truly fundamental projects: both Ethereum itself, which now makes up more than 35% of my portfolio, and all the networks and applications built on top of it.
