Cryptocurrency investors are increasingly focusing on projects with strong fundamentals and active development. Layer 2 solutions, which aim to improve the scalability and efficiency of blockchain networks, have garnered significant attention in recent months.
According to a recent tweet by Santiment, a leading cryptocurrency analytics platform, three Layer 2 coins stand out in terms of development activity: Optimism (OP), Starknet (STRK), and Arbitrum (ARB).
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Optimism (OP)
Optimism, a Layer 2 scaling solution for Ethereum, has claimed the top spot on Santiment’s list of Layer 2 cryptocurrencies by development activity. In addition, the project has made significant strides in improving the Ethereum network’s scalability and user experience, attracting both developers and users.
According to Santiment’s data, Optimism has an impressive 146% more daily development activity than the next closest project.
This high level of activity suggests that the Optimism team is actively working on improving the protocol and expanding its ecosystem. Currently trading at $2.74, OP has experienced an 8.13% increase in the past 24 hours.
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Starknet (STRK)
Starknet, a Layer 2 scaling solution that utilizes zero-knowledge proofs to enable fast and secure transactions, has secured the second spot on Santiment’s list.
Additionally, the project has been gaining traction among developers and investors for its innovative approach to scaling and its potential to unlock new use cases for blockchain technology. Currently trading at $1.28, STRK has experienced a 6.45% increase in the past 24 hours.
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Arbitrum (ARB)
Arbitrum, another Layer 2 scaling solution for Ethereum that utilizes optimistic rollups, has claimed the third spot on Santiment’s list. The project has made significant progress in improving the Ethereum network’s scalability and user experience, attracting developers and users who want faster and cheaper transactions.
With a strong focus on development activity and a growing ecosystem, Arbitrum is well-positioned to continue its growth and adoption in the coming months. Currently trading at $1.02, ARB has experienced a 1.35% increase in the past 24 hours.
Layer 2 solutions like Optimism, Starknet, and Arbitrum are poised for significant growth and adoption. In addition, these projects, which have demonstrated high levels of development activity and strong fundamentals, present attractive investment opportunities for those looking to capitalize on the future of blockchain technology.