Blockchain Research Institution Reports: L2s Remain the Focus for Another Week

According to reports, Messari, a blockchain research institution, tweeted that in the past week, L2s have become the focus for the second consecutive week. Optimism’s “super chain” has made progress and will be launched recently, and the pattern of OP Stack is expanding. The ZK Rollup order book DEX ZigZag has seen a tenfold increase in user and transaction volume since its release, quickly becoming the most popular platform. Uniswap continues to dominate the DEX sector with a 63% share of transaction volume.

Data: Uniswap continues to dominate the DEX sector with a 63% share of transaction volume

Blockchain research institution, Messari, has recently tweeted that L2s have once again remained the focus for the second consecutive week. In particular, Optimism’s “super chain” has made significant progress and is expected to be launched soon. The pattern of OP Stack is also expanding, while ZigZag’s ZK Rollup order book DEX has seen a tenfold increase in both users and transaction volume since its release, thus becoming the most popular platform. Despite other emerging technologies in the DEX sector, Uniswap continues to dominate, holding a 63% share of the transaction volume.

Introduction

In recent weeks, L2s have become the talk of the blockchain town. With Optimism’s “super chain” generating buzz and the rise of the ZigZag DEX, it’s clear that the L2 network has now become one of the most significant areas of action in the industry. In this article, we’ll take an in-depth look at these L2 advancements and how they are shaping blockchain’s future.

What Are L2s?

To put it simply, L2 stands for “Layer 2.” It is a secondary layer of scaling solutions built on top of the core blockchain infrastructure to address bottlenecks and make transactions faster and cheaper. Since the core blockchain is often expensive, slow, and inefficient, layer 2s help to solve these problems by creating a second layer that is faster, cheaper, and more efficient.

Optimism’s “Super Chain”

Optimism, a leading Ethereum Layer 2 solution, has recently revealed that they are working on launching their “super chain” soon. The solution aims to make it easy for developers to deploy smart contracts on the secondary layer, thus making it easier for developers to access the superior features of L2.
The “super chain” will provide faster transaction rates, increased decentralization, and lower gas fees, making it an ideal choice for developers. With Optimism, more than 500 applications can be deployed on the secondary layer, and the company is now working to ensure that everything is set for the launch.

Pattern of OP Stack Expanding

The “Pattern of OP Stack” is an experimental technology that aims to provide the same functionality as Optimism’s “super chain.” Still, with a different architecture, it ensures more intensive security and better performance of the system. OP Stack is becoming popular among developers, who are constantly on the lookout for high-performance L2 solutions.

ZigZag DEX with ZK Rollup Order Book

ZigZag is a Decentralized Exchange (DEX) built on the ZK Rollup network. Since its release, the ZigZag DEX has experienced extraordinary growth in both users and transaction volumes, thanks to its unique design that offers fast, secure, and cheap transactions.
ZigZag’s DEX is now considered one of the most popular DEX platforms globally, with a tenfold increase confirming its popularity. Its inventors designed it to be user-centric, supporting a range of digital assets while still offering unmatched security levels.

Uniswap Dominates the DEX Market

Despite the popularity of other DEXs, Uniswap continues to dominate the market with over 63% of the transaction volumes handled. This can be attributed to the platform’s unique architecture, which allows it to offer users familiar features from traditional order book exchanges, such as limitation and market orders, while eliminating the need for a central authority.

Conclusion

The world of blockchain continues to grow at an unprecedented rate, and the L2 network is taking center stage. With Optimism’s “super chain” and the ZigZag DEX making significant progress, the future of the L2 network looks bright. While Uniswap continues to dominate the DEX sector, it will be interesting to see the competition that will emerge with the emergence of new and better L2 solutions.

FAQs

#1. What is the pattern of OP Stack?

The pattern of OP Stack is an experimental technology that aims to provide the same functionality as Optimism’s “super chain.” Still, with a different architecture, it ensures more intensive security and better performance of the system. OP Stack is becoming popular among developers, who are constantly on the lookout for high-performance L2 solutions.

#2. What is the ZigZag DEX?

ZigZag is a Decentralized Exchange (DEX) built on the ZK Rollup network. ZigZag’s DEX is considered one of the most popular DEX platforms globally, with a tenfold increase confirming its popularity. Its inventors designed it to be user-centric, supporting a range of digital assets while still offering unmatched security levels.

#3. What is Uniswap?

Uniswap is a decentralized protocol that allows for automated token exchange on the Ethereum blockchain. Unlike traditional exchanges, Uniswap is built on top of smart contracts, enabling direct peer-to-peer trading without intermediaries, although there is also an option for limit and market orders making it a user-friendly platform.