- Optimism’s layer-two Ethereum scaling solution boosts transaction efficiency for 97 protocols with $500 million in total value locked.
- Sui blockchain’s user-friendly innovations like zkLogin and sponsored transactions offer new ways to streamline digital interactions.
- Avalanche processes 4,500 transactions per second, focusing on low fees and transaction finality, advancing Web3 infrastructure.
As the crypto market prepares for the next wave, new blockchains and scaling solutions are laying the foundation for mass adoption. From Ethereum’s layer two rollups to highly tuned forerunners of layer one, the new-gen ecosystems are charting fresh frontiers of speed, scalability, and practicality. The leaders in the space are Optimism, Litecoin, Sui, Immutable, and Avalanche—each with forces that could see them capture 1000% gains.
Optimism(OP) Brings Efficient Scaling to Ethereum
Current price:$1.64
Market cap: $2.02B
Optimism, a layer-two optimistic rollup for Ethereum, is advancing well, with optimistic rollups meant to process transactions on the Optimism network with guaranteed security on the Ethereum network. This benefits Ethereum users as they are presented with a smooth process, thus lessening the load on the Ethereum network. Today, optimism’s TVL is $500 million+, and the total number of working protocols is 97, including Synthetix, Uniswap, and Velodrome.
Litecoin(LTC) Long-Standing Efficiency in Digital Payments
Current price:$69.80
Market cap: $5.25B
Litecoin offers high speed, safety, and relatively low fees. Litecoin is fundamentally similar to bitcoin but has faster block times and low costs. From its 2.5-minute block processing time and transaction fees, Litecoin is perfect for point-of-sale transactions and micropayments. It was launched in 2011 and managed to remain popular in the context of digital economy and has become more popular and widely accepted among merchants.
Sui(SUI) Emphasis on Usability and Scalability
Current price: $1.95
Market cap: $5.38B
Sui, a layer-one blockchain, brings a new approach to scalability and user experience. By leveraging a unique object-centric data model and the Move programming language, Sui addresses common blockchain inefficiencies. Sui also introduces innovations like zkLogin, sponsored transactions, and programmable transaction blocks, aiming to simplify and enhance user interactions. These features have positioned Sui as an attractive choice for developers seeking to build accessible blockchain applications.
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Immutable Advances Ethereum’s NFT Ecosystem
Current price:$1.31
Market cap: $2.13B
Immutable, another layer-two scaling solution, focuses on NFTs within the Ethereum ecosystem. By eliminating Ethereum’s typical limitations, Immutable offers rapid and secure NFT transactions without gas fees, making minting and trading on its network seamless. Immutable has drawn projects like gods Unchained, a blockchain-based game that utilizes Immutable’s scalable infrastructure to implement complex game mechanics previously unachievable.
Avalanche(AVAX) High-Speed Transactions Support DeFi
Current price:$24.77
Market cap: $10.08B
Avalanche(AVAX) is a layer-one blockchain that allows fast transactions at relatively low fees and is suitable for DeFi and other Web3 solutions. It can handle 4,500 transactions per second with a consensus mechanism that guarantees that the transaction is complete within two seconds. Avalanche’s network architecture comprises three linked chains: X-Chain, C-Chain, and P-Chain, which help developers develop custom networks known as Subnets that can leverage Avalanche’s network infrastructure.
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