Crypto_Century#Optimism #Arbitrum #MANTA #starknet #metis $ARB $OP $MANTA
Notable Level 2 Projects
Arbitration![](https://public.bnbstatic.com/image/pgc/202406/2395404815ad9aea8d40dff8d751e2c4.png)
Arbitrum stands out as one of the pioneering and most prominent layer-2 projects on the Ethereum network. Using Optimistic Rollups technology, Arbitrum can process transactions up to 10 times faster than the Ethereum mainnet and reduce gas costs by up to 95%. With an impressive throughput of up to 4000 TPS, Arbitrum has strengthened its position in the Ethereum ecosystem. As of January 2024, Arbitrum holds over 51% of the total value locked (TVL) among leading Tier 2 projects.
With the support of large investment funds such as Pantera Capital and Coinbase Ventures, Arbitrum successfully raised $123 million.
Optimism![](https://public.bnbstatic.com/image/pgc/202406/8e9833751821da46599626dab05c6341.png)
Optimism, another leading layer 2 project, uses Optimistic Rollups to improve Ethereum performance and scalability. It can handle up to 4,000 TPS, making transaction processing up to 26 times faster and reducing gas fees by up to 90% compared to the Ethereum mainnet. Optimism serves as the basis for many DeFi applications, NFT markets, and decentralized autonomous organizations (DAOs). Its native token, OP, is used for transaction fees, staking and network governance, offering attractive investment opportunities.
Optimism has successfully raised $267.5 million from leading investors such as a16z and Coinbase Ventures.
Polygon
Polygon, a renowned layer 2 solution, uses its own Proof of Stake (PoS) chain to process transactions, providing faster speeds and lower costs compared to Ethereum. With the ability to process over 65,000 TPS and low transaction fees, Polygon is ideal for NFT marketplaces and trading applications. Its robust ecosystem includes integrations with major DeFi protocols such as Aave, SushiSwap and Curve, as well as NFT platforms such as OpenSea and Rarible.
Backed by major partners like Starbucks, Reddit, and Nike, Polygon has raised $457 million from investors like Coinbase Ventures and Binance Labs.
Base
Base is a new Layer 2 project developed by Coinbase, built on Optimistic's OP Stack technology to leverage high security and Ethereum EVM compatibility. With the strong support of Coinbase - one of the world's largest cryptocurrency exchanges with over $100 billion in ecosystem assets - Base has significant potential to become a leading Tier 2 solution.
Base aims to leverage Coinbase's vast network of tools and decentralized applications to build and expand its ecosystem.
Manta network
Manta Network is distinguished by its focus on security and privacy, using advanced Zero-Knowledge Proofs (ZKP) technology to protect user privacy and enable anonymous transactions on Ethereum.
Recognized for its robust security and efficiency, Manta Network has raised $60 million from investment groups such as The Spartan Group and Binance Labs.
Starknet![](https://public.bnbstatic.com/image/pgc/202406/103db3807b8517e660f2a9ef545abc29.png)
Starknet is an advanced layer 2 project using STARK (Scalable Transparent Argument of Knowledge) technology to process thousands of transactions per second at low costs. Starknet's growth plans for 2024 include expanding its ecosystem and improving the user experience, aimed at reducing transaction fees through integration with Ethereum's EIP-4844 and other innovations such as Volition mode.
Starknet has raised $285 million from leading investors such as Paradigm and Pantera Capital.
Immutable X![](https://public.bnbstatic.com/image/pgc/202406/abd0d9f402dcdb5308af07be11a8e0e0.png)
Immutable X is a dedicated layer 2 platform for NFTs on the Ethereum network, using ZK-STARK technology to ensure the security and efficiency of digital assets. Using the IMX cryptocurrency, Immutable X promises to revolutionize the gaming and NFT industries.
With $322 million in investment from Coinbase Ventures and Continue Capital, Immutable X is becoming the top choice for NFT-related projects.
Line
Developed by ConsenSys - the parent company of renowned projects such as Metamask and Infura - Linea is a zk Rollup Layer-2 solution that uses zkEVM technology. This technology allows Linea to offer the best product development experience and high compatibility with Ethereum, allowing decentralized applications (DApps) to easily migrate from Ethereum to Linea.
Metis
Metis is a layer 2 project that uses the Optimistic Rollups model to enable secure and efficient transactions on Ethereum. It supports a diverse ecosystem, including DeFi, NFT, and GameFi projects.
Backed by OKX Ventures and Genblock Capital, Metis has raised $11 million and continues to develop a vibrant and diverse ecosystem.
zkSync
zkSync is an innovative layer 2 solution that implements groundbreaking zk-rollup technology for scaling Ethereum. Its goal is to increase Ethereum's throughput while maintaining core values such as decentralization, autonomy, and scalability.
Backed by major investors such as a16z and Coinbase Ventures, zkSync has successfully raised $458 million and is growing rapidly with numerous DeFi, Bridge, NFT and DAO projects in its ecosystem.