Ethereum's Layer 2 ecosystem is undeniably growing

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Ethereum's Layer 2 ecosystem is undeniably growing

Ethereum is notorious for being prohibitively slow and costly. At the height of cryptocurrency's most recent hype cycle, something as simple as exchanging one token for another on the blockchain could have cost upwards of $40.

It's no surprise that L2 protocols have grown in popularity, so there are layer 2 rollups for those who want to keep their transactions within the Ethereum ecosystem, and there's a reason why Metis and other L2 solutions have become so popular.

Layer 2 rollups have special systems in place to ensure that transactions aren't spoofed or altered before being sent back to Ethereum's main chain, which is pretty cool.

In what L2 protocol do you believe the most, and what fascinates you about it?

Did you know that the total value locked in Ethereum's Layer 2 networks has surpassed $5 billion? Ethereum's Layer 2 ecosystem is undeniably growing.

Although the Ethereum Merge was the second-most anticipated blockchain update this year, Ethereum supporters have long hoped that Layer 2 growth will help the ecosystem achieve mass adoption by lowering costs and making the network more accessible. While Ethereum mainnet continues to hold the majority of the crypto ecosystem's capital, with just under $32 billion locked up, Layer 2 appears to be catching up quickly.