With the Crypto market in a slump, many experts are predicting that a certain amount of innovation might just change it soon. A Redditor predicted that Layer-2 scaling will be a game-changer for Ethereum, and this might just turn out to be true.
In his post on 22nd May, he explains how we might be at a “turning point” with the L2 adaption. Instead of bridging L1 and L2 layers people are now building Layer 2 chains that are more secure and decentralized than their previous variants.
This is the start of the “turning point” as L2 adoption is happening faster than. It comes and goes in bursts but it is increasing as a whole. They are constantly being updated and improved upon so it is a great investment as of now.
L1 chains like Solana might have cheaper transactions but also have high gas fees. But as of now Solana transactions costs a fraction of what ETH costs, With the L2 adoption this cost will go down significantly.
Arbitrum is the largest L2 on the network although ETH is working on becoming L2 as of now. Many decentralized apps have already switched to L2 while others are making changes to do so.
With the crypto market in a slump that is recovering slowly, the constant innovation will help it get out of it quickly. More and more people are investing in the crypto and decentralized markets and this is the best time for you to get into the game.