L2s Need a JoltSep 9, 2021
Optimism enjoyed a month-long head start over Arbitrum and has consequently seen more traction, but Arbitrum’s open ecosystem and deployments could be the spark that propels long-term growth. Optimism had a 50K daily transaction limit on launch, but that doubled to 100K in late August.
There’s little doubt that L2s are the ideal scaling solution for Ethereum, however, they do need to introduce some kind of incentive to incite a mass migration from the Ethereum base chain. From the boom in L1s, the most obvious solution seems to be a token — and we’ll show you why.