Why Are Layer 2 Scaling Solutions The Future of Ethereum?

Ethereum appeared in 2015 using Layer 1 as its base layer and became the second most powerful crypto after Bitcoin. However, it soon became clear that congestion and scalability issues must be addressed, and that is when Layer 2 was launched.

The upgrades enable crypto investors to enjoy faster transactions and lower fees. They also contribute to Ethereum’s realistic chances of becoming an equally strong player in the financial world, competing with Mastercard and Visa.

Ethereum’s constantly evolving nature impacts the market, proving its future is bright and inspiring developers to work on numerous projects that change the crypto landscape. This article will cover five cryptos that aim to profit from layer 2 scaling solutions, so keep reading to find out more!

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5 Cryptos Using Layer 2 Scaling Solutions To Buy Now

Analysts anticipate a bull run in the following period, and an increasing number of people are joining the global community of crypto investors. During this period, the advantages of layer 2 became even more important.

Projects built on layer 2 can handle a bigger number of transactions, increasing efficiency and lowering the fees along the way, proving that these solutions are the future of Ethereum. These are the cryptos incorporating these solutions:

1. Pepe Unchained ($PEPU)
2. Crypto All-Stars ($STARS)
3. Flockerz ($FLOCK)
4. Memebet Token ($MEMEBET)
5. Polygon (MATIC)

Take a closer look at these cryptos to understand their enormous importance for the market now!

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1. Pepe Unchained ($PEPU) – Most Wanted Crypto Launching Its Layer 2 Blockchain

Pepe Unchained ($PEPU) appeared recently on the market, attracting investors who missed the chance to invest in the original Pepe and want a second chance now. While PEPE was launched only to entertain investors, $PEPU has more ambitious goals. The goal of the $PEPU creators was to make a huge splash on the market by setting the platform for making new meme coins.

Its presale is currently ongoing, and more than $22,9 million has been raised. These funds will be directed towards launching Pepe Chain, which will compete with Ethereum and deliver the speed and scalability that the investors want.

This is the first step towards building a meme ecosystem that the investors want to see, but there is much more to look forward to. A feature called Pepe Frens With Benefits enables $PEPU holders to apply for grants to build upon Pepe Chain. The applications are now open, so make sure you make the most of it!

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2. Crypto All-Stars ($STARS) – Crypto Uniting Meme Coin Staking Under One Umbrella

Crypto All-Stars ($STARS) is a revolutionary meme coin project that aims to change the way investors stake their meme tokens, such as Dogecoin and Shiba Inu. Securing $STARS tokens now while their price is still affordable is a first step towards generating massive gains in the near future. Staking $STARS tokens will bring 552% APY.

However, that is just the beginning because holding the native token of Crypto All-Stars will open the door to staking the eleven most popular meme tokens, resulting in handsome gains over time. This ecosystem embraces one key element—MemeVault, which has been introduced for the first time ever.

It is the feature that will also bring the biggest rewards to the whales and other meme coin enthusiasts looking for a way to maximize their gains. ClayBro, one of the many crypto analysts attracted by this project, believes that Crypto All-Stars is set to soar in the upcoming meme coin rally, so secure your tokens in time!

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3. Flockerz ($FLOCK) – Meme Coin Providing 1522% Staking Rewards

Flockerz ($FLOCK) disrupts the market by supporting decentralization. Instead of giving all the power to a few people, it gives the community a chance to raise their voices and express their opinions regarding the project’s future.

FlockTopia, the decentralized autonomous organization, is the essence of this project. It enables the $FLOCK holders to profit from the vote-to-earn mechanism. The investors who participate in the decision-making process the most will enjoy the biggest rewards, inspiring them to be active.

Meanwhile, staking $FLOCK tokens will now bring 1522% APY and continuous rewards over the period of two years, inspiring engagement. The multiple benefits of this project make it different from all the others on the market, attracting investors to join in time. More than $1 million has been raised, so there is no better time than the present to secure your $FLOCK tokens!

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4. Memebet Token ($MEMEBET) – Meme Coin Enabling Wagering With Meme Coins

Memebet Token ($MEMEBET) appeared on the market recently, targeting the elite meme degen community. It introduces the $MEMEBET token as a key that unlocks investors’ access to Memebet Casino.

This project aims to fill the market gap and provide a rewarding experience for users who wish to enjoy a variety of casino games and numerous rewards along the way. This meme coin utilizes the benefits of Ethereum to provide the transparency and security that the users crave.

Exploring the Sportsbook will be a breeze for the $MEMEBET token holders who wish to play with BONK, SHIB, PEPE, and other meme coins. Meanwhile, the creators of this project have ensured plenty of play2earn airdrops, which will foster engagement over time.

In addition, there will be no registration process, which some of the players will greatly appreciate. This means that privacy will be at the highest level, enabling users to simply have fun without privacy disruption. More than $530k has been raised so far in the $MEMEBET presale, so this is your chance to join!

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5. Polygon (MATIC) – One of the Most Prominent Players in the Crypto Space

Polygon (MATIC) was designed to resolve Ethereum’s scalability problems. The goal was to overcome these challenges by performing all the transactions on a blockchain compatible with Ethereum and then processing them on Ethereum as a final step. This means congestion would be a thing of the past.

MATIC is currently 76th among all cryptocurrencies available on the market. According to CoinMarketCap, its market cap is $858.68M, and its value is $0.3281. Despite its utility, MATIC has been facing challenges lately, which is evident from its price drop during the past year.

However, investors are optimistic about its comeback, and the community sentiment is bullish. Its value is currently in the green zone, as it increased by 0.07%, which may be modest, but it is a good start. The importance of MATIC cannot be overlooked, which is why it is on investors’ radar.

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Conclusion

Cryptos are constantly proving their importance and growth potential and are quickly becoming an irreplaceable part of the financial world. $PEPU, $STARS, $FLOCK, $MEMEBET, and MATIC are the most wanted crypto projects that bring the benefits of layer 2.

At the same time, their features stir up the attention because they hold enormous potential to bring lucrative gains. Now is the time to secure them and enjoy the gains in the following period, so don’t miss out!

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.