Layer 2 tokens: here are the top 5 by market capitalization

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With XRP poised to perform exceptionally well as predicted, it may be worth looking at other players in the cryptocurrency market with significant growth potential. It is therefore in this perspective, here are the top 5 layer 2 tokens in terms of market capitalization.

1. Polygon (MATIC)

In fact, Polygone enjoys a market capitalization of over $10 billion. In addition, this layer 2 token is a side chain network developed to solve Ethereum’s scalability problems.

2. Arbitrum (ARB)

It is one of the layer 2 tokens in terms of market capitalization. Indeed, it aims to solve Ethereum’s scalability problems. Thus, with a market capitalization of approximately $4 billion, Arbitrum has experienced rapid growth since its official launch in May 2021.

3. Optimism (OP)

Optimism is a recently launched project. Nonetheless, despite its youth, it already serves as a scaling solution for Ethereum which recently raised $3.5 billion in a funding round. Additionally, its growth potential is high due to significant market expectations.

4. ZK-Sync (ZKS)

With a market capitalization of approximately $2 billion, ZK-Sync is a layer 2 solution based on zero-knowledge proofs. Therefore, it is focused on confidentiality and scalability of transactions.

5. Celer Network (CELR)

Last solution on the list of layer 2 tokens, Celer Network also aims to solve Ethereum’s scalability problems thanks to its off-chain network of payment channels. Additionally, its market capitalization currently stands at around $1.5 billion.

Ultimately, layer 2 tokens are of considerable interest and seem ready to play a leading role in the future of cryptocurrencies. We will see their progression over time and the impact their development will have on the cryptocurrency sector.Combining them with layer 3 is already opening up some very promising new possibilities.

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