About Layer 2 (L2) Cryptocurrencies
Layer 2 (L2) cryptocurrencies are a category of digital assets that operate on top of existing blockchain networks, such as Bitcoin or Ethereum. These currencies aim to improve upon the scalability and performance issues of their underlying blockchain by offering solutions such as off-chain transactions, sidechains, or state channels. L2 cryptocurrencies can offer faster transaction times, lower fees, and greater privacy compared to their parent chain. However, they also face challenges related to interoperability and regulatory compliance. As the space continues to evolve, we may see more innovation in this category, such as the development of L2 protocols that can be used across multiple blockchain networks.
List of Layer 2 (L2) Cryptocurrencies
| Coin Name | Market Capitalization |
|---|---|
 Polygon (MATIC) |
$6,627,455,911.0 |
 Mantle (MNT) |
$1,685,858,268.0 |
 Arbitrum (ARB) |
$1,506,766,947.0 |
 Optimism (OP) |
$1,074,344,946.0 |
 ImmutableX (IMX) |
$834,590,789.0 |
 Loopring (LRC) |
$278,367,355.0 |
 SKALE (SKL) |
$125,966,416.0 |
 Cartesi (CTSI) |
$110,053,349.0 |
 Syscoin (SYS) |
$79,426,029.0 |
 Metis (METIS) |
$69,857,359.0 |
 Coinweb (CWEB) |
$61,932,122.0 |
 Boba Network (BOBA) |
$46,921,779.0 |
 Cult DAO (CULT) |
$13,277,928.0 |
 ZKSpace (ZKS) |
$10,001,415.0 |
 LayerAI (LAI) |
$4,644,368.0 |
 DeGate (DG) |
$3,832,245.0 |