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WARNING: We’re on the Brink of a 100 Layer-2 Blockchain Apocalypse and Nobody Knows What Any of Them Do!

Crypto NewsDeFiEthereum 2 Doug Martinez September 1, 2024

A chaotic landscape with 73 layer-2 blockchains represented as tiny islands in a sea of code, each one connected to its neighbors by fragile bridges; some are sinking into darkness while others rise up on waves of hype and incentivized activity.

Solutions without problems: The L2 explosion that’s not solving anything – It seems like every other day we hear about another layer-2 (L2) blockchain being launched, but are they actually doing something worthwhile? Industry insiders say no, and it looks like the hype is just a bunch of hot air. With 73 L2s listed on L2beat and 82 in development, it’s clear that infrastructure is outpacing user-focused applications by some margin – delivering infrastructure without use cases. It seems we’ve got an Ethereum problem with too many solutions for no problems at all… Stay tuned for more!.

Source: cointelegraph

Solutions without problems: How many Ethereum layer 2s are too many?
https://cointelegraph.com/news/ethereum-layer2-defi-blockchain-adoption
Ethereum’s Dencun update has led to a Cambrian explosion of layer 2s, but industry insiders say there are already far too many. There are 73 layer-2 blockchains listed on L2beat, with 82 in the pipeline. Adrian Brink, co-founder and CEO of the intent-based blockchain Anoma, believes that’s 10 times more than the industry actually requires. “Of the current crop we’re looking at, we need only about one-tenth of what we’ve […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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