Coin Bureau channel host Guy Turner sparked an important discussion in the crypto world by highlighting the rise of layer-3 scaling solutions in the Ethereum (ETH) ecosystem.
Turner noted to the 2.46 million subscribers of the Coin Bureau YouTube channel that layer-3s (scaling solutions built on top of layer-2s) have huge growth potential in the future. The growth in the altcoin ecosystem has increased interest in layer-3 projects. According to Turner, layer-3 networks can create significant change and transformation in gaming, decentralized finance (DeFi), arts, education and many more industries with their super efficiency. Therefore, layer-3 networks and cryptos operating on these networks may have the potential to grow hundreds of times in the future.
“The thing is, layer-3s are also super efficient, which makes them perfect for gaming, decentralized finance (DeFi) and much more. Therefore, layer-3 networks and cryptos launched on top of them have significant 100x potential.”
Based on Turner’s views, a few notable names stand out among the best layer-3 projects. First comes Degen Base (DEGEN), which is built on the Base layer-2 project. DEGEN has a unique structure that offers opportunities especially in the DeFi and gaming industry. This project attracts attention with its user-friendly interface and fast processing. Also, the name Xai (XAI) stands out. XAI stands out as one of the projects attracting increasing attention in the layer-3 field.
Turner said the following on the subject:
“Local Degen [ağının] It’s no surprise that the token was initially launched as a meme coin, also intended to reward participation in its channel on Farcaster, a sort of decentralized version of Twitter. Since then, Degen has attracted the attention of developers, creators, and enthusiasts…
NEWS CONTINUES BELOWAnother 3rd layer is Xai, a gaming-focused project built on Arbitrum.”
At the time of writing, DEGEN is trading at $0.0355, while XAI is changing hands at $1.02.
Finally, the altcoin project that Turner drew attention to is Orbs (ORBS).
“Now Orbs is essentially a system between layer 1 and layer 2 that acts as a decentralized backend for developing EVM (Ethereum Virtual Machine) and non-EVM compatible smart contracts to support things like web3, DeFi, NFTs, and GameFi. is a compressed layer 3.”
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