3 best layer 2 solutions

Layer 2 crypto assets have become hot digital tokens this year due to their low price and high returns. These assets have the potential of changing the face of the crypto market. It will be a mistake not to invest in these assets in the early stages because their use and price will increase in the coming years.

3 best layer 2 crypto assets are discussed below with their prices.

Polygon (MATIC):

Polygon network stands at the first position in the list of 5 best layer 2 solutions. Founded by Indian developers, Polygon’s network was designed to solve the scalability and usability issues of the Ethereum Network. Polygon network has the capability of processing 65,000 transactions per second. Polygon has adopted the Plasma framework and a decentralized network of Proof of Stake validators.

Currently, Polygon holds the 14th position in the crypto market with the current price at $2.51 per unit. The low price of the asset makes it perfect for investment.

Loopring (LRC):

Loopring is also based on the Ethereum Network and enables users to build non-custodial and order book exchanges. Zero-knowledge (zk) protocol is the main reason for the popularity of Loopering. ZK rollups are attracting more investments from the last two months, however, Loopering also has been quite competitive with Polygon in the past.

Loopring is way behind in the market rank from Polygon but the token is trading at $2.01. This project has the potential to grow and take a higher position in the crypto realm as the token has gained 1363% this year.

OMG Network (OMG):

More Viable Plasma protocol of the OMG Network enables it to process transactions faster at a low cost. The Plasma framework groups all transactions into a batch off-chain and then validates them as a single transaction on the Ethereum blockchain, making it less resource-intensive for users.

OMG is trading at $6.09 per unit and ranks way behind Loopering in the crypto market.

Skale (SKL):

Last but not least on the top layer 2 crypto to buy is Skale Network. Skale Network is an elastic framework that seeks to address the scalability issues surrounding the Ethereum network. Given this, the scaling solution enables high transaction output while reducing network latency and cheap fees.