Top 3 potential Layer 2 projects x50 times in 2025.
Layer 2 blockchain projects have significantly increased the scalability of Layer 1 networks. By enhancing the scalability and efficiency of L1 blockchains, leading L2 cryptocurrency projects have become part of essential in the blockchain ecosystem. After the L2 boom in 2023, this trend is expected to remain in the coming years when in addition to L2 Ethereum, L2 Bitcoins are rising strongly. Uniswap, the leading decentralized exchange for swaps and trading, saw Layer 2 tokens grow significantly in May 2024, compared to the same month in 2023.
3 Layer 2 projects with explosive potential in 2025!
Decision
Any Layer 2 crypto list must start with Arbitrum. Based on Optimistic Rollups, Arbitrum can process transactions up to 10 times faster than Ethereum mainnet and save up to 95% on gas costs. Its maximum processing speed is 4,000 TPS. Regarding TVL, as of January 2024, Arbitrum holds more than 51% market share among Ethereum's leading Layer 2 projects.
With familiar tools and an efficient deployment process, Arbitrum provides a friendly environment for developers. It is moving towards a community-run future while staying true to its decentralized goals.
ARB – Arbitrum's native token was airdropped on March 23, 2023 to members who are actively working with the project. Arbitrum's price on launch day increased from $0.5 to $1.6 in just a few hours. During 2023, Arbitrum touched an ATL level of $0.7453. In January 2024, the ARB token reached an ATH of $2.4. Currently, its price ranges between $1-1.5.
The price of ARB fluctuates due to periodic token unlocks. After Bitcoin's halving, ARB increased slightly by 10%. ARB's price increase reflects growing confidence and interest in Layer 2 solutions that aim to alleviate Ethereum's challenges such as high fees and network congestion.
Merlin
Merlin Chain belongs to Bitcoin's Layer 2 ecosystem. This blockchain protocol uses ZKP transactions to scale Bitcoin and provides many useful features that support blockchain technology, such as oracles and NFTs.
Throughout 2023, Merlin Chain has focused primarily on the design of its system framework. After everything went live, the project launched mainnet in 2024. The project's near future plan is to release a staking system so users can stake tokens and generate profits through the system .
Once the system is complete, Merlin Chain plans to upgrade its projects by completing the public release of Merlin Bridge and other features. The team has not yet announced a specific roadmap for exciting developments in 2025, but information on Merlin Chain's social networks shows that they will strive to expand the ecosystem and have more DApps active on the exchange. your consciousness.
MERL is the native token of Merlin Chain. It provides various services within the cryptocurrency community, including acting as a governance token and network fee payment method. MERL is also used to manage staking rewards and provide liquidity to the network. MERL launches mid-April 2024 for $1.31. Since then, the price of this coin has gradually decreased. By the end of April, MERL's value had more than halved. Despite some brief price increases, the coin's price has remained below $1 for quite some time.
Despite the unimpressive start, some experts believe that MERL's price will recover. So far, its price has closely tracked that of BTC, so it is likely that MERL's price will start to increase again as the price of BTC increases. Data from CoinCodex shows that MERL's price will start to increase in May and could reach $2.55 by 2025.
zkSync
The zkSync development team announced that it has completed the zkSync V24 mainnet upgrade on June 7, 2024, and deposit/withdrawal operations via the zkSync root bridge are now enabled. Previously, in an official announcement posted on X, zkSync said that this upgrade is expected to officially hand over governance rights from the project to the community.
zkSync insiders revealed to crypto news site The Block that the TGE (Token Generation Event) will be followed by a token launch, including an airdrop, scheduled for mid-June. They emphasized that the token zkSync will have a total supply of 21 billion.
According to an internal message shared with The Block, Matter Labs – the company behind ZkSync – is targeting June 13, 2024 for the airdrop event, and also emphasized that the event will take place before the airdrop of Blast token, expected on June 26.
After a long time, zkSync finally has plans to release the project token. It is expected that this will be a big step forward for the project, with strong development potential for the community in the future.
Layer 2 is still fertile land for users and investors. The growing tilt towards Layer 2 solutions in the blockchain ecosystem shows the industry's commitment to increased innovation and scalability. The success of advanced Layer 2 solutions will determine the direction of cryptocurrencies in the long term and is expected to lead the way for the next bull run.
