The Ethereum network’s latest upgrade, named Dencun, took place on 13 March- 2023, implementing EIP-4844. This update introduces blob transactions, type-3, enhancing how Layer 2 solutions integrate with Ethereum.
Currently, Ethereum’s price has soared past $4,000, signaling a positive market sentiment. In light of this upgrade, investors have a pallet of 5 five Layer 2 cryptocurrencies with the potential for substantial growth: Polygon (MATIC), Immutable X (IMX), Loopring (LRC), Skale (SKL), and Brock (BROCK).
1. Polygon (MATIC)
Polygon (MATIC) serves as an essential interoperability and scaling framework that enhances Ethereum’s capabilities. This innovative network supplements Ethereum without altering its fundamental layer. By deploying a network of sidechains, Polygon significantly enhances Ethereum’s scalability and lowers transaction costs, a notable benefit for its users.
Polygon price chart
In recent developments, MATIC’s value has experienced a remarkable uptrend
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