March 31, 2021, 12:07PM EDT
• 16 min read
An Overview of Ethereum’s Layer 2 Ecosystem
- With the rise in popularity of DeFi applications, the Ethereum network has become increasingly congested, with common transactions costing up to $100 in gas.
- Early attempts at scaling on layer 2 struggled to gain traction, largely due to limited security and usability of previous implementations.
- Rollups can inherit security and usability almost completely from layer 1, and may be poised for significant adoption in 2021.