Are Layer 2 Ethereum Tokens Worth It Anymore? by bitcoinflood

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @bitcoinflood · Sep 7 '24

$12.49

Are Layer 2 Ethereum Tokens Worth It Anymore?

https://img.inleo.io/DQmSnSfvXHDMzumbGg5UFkYrx7ePwihmRdDUXN8JcWq3X2j/eth%20core.jpg

There's been a good deal of things happening with Ethereum this year. It starts to beg the question of some of these layer 2 tokens are really worth it anymore?

Layer twos mainly got their value back in the day when Ethereum was a proof of work system and fees were crazy high. They were born out of people wanting options outside of paying $50+ fees.

This is how Polygon (Matic) now POL was born but since then fees have reduced, Ethereum is now a proof of stake system and a lot of updates have been made to reduce fees and allow more through put on the Ethereum blockchain. Fees of today on Ethereum normally range around $1 per transaction still crazy high unless you have some serious cash you're transferring and can at times spike to over $2 but it's come a long way.

Ethereum also is traded now as a ETF making it much easier for people to get their hands on it and not pay transaction fees on the buying and selling of the asset.

There are however some great layer two options that seem to be doing rather well. In this article we are going to have a look and see what we can find out about them and if there could be good options.

## Arbitrum

![](https://images.ecency.com/DQmYxAMxjpf8VQJEkt7fneDb6WAQszzNL3rhZYs8vPgPmTw/arb1.png)

This token has had had a bit of a wild ride this year so far but then again what token hasn't. That alt coins season feels forever away! It was a token created in 2019 and raised over 140 million from many large cap investors.

Arbitrum is really 4 tokens in one and let me explain as every blockchain and system seems to have their own crazy rules these days.

The first Arbitrum one that supports zk rollups. Arbitrum Nitro allows developers to create startups otherwise know as layer three tokens and Arbitrum Nova which is a version optimized for gaming and social media as it's a faster chain the last is Stylus which allows the use of any coding language to be used.

It's primary goals right now is on Stylus to bring on more and more developers which is critical for the growth and use of the blockchain. The entire goal right now for this platform is scaling in both efficiency and also developers for new projects. It feels like a promising choice if it turns out some solid applications. As we have seen in the past a single high quality application has the ability to skyrocket the price of the native token it operates on.

# BASE

Base is coinbases layer two token of the Ethereum blockchain but it's never gotten all that much love. However with a multi billion dollar company and the massive potential in revenue and traction it could bring to the company you can be sure they are not going to let this baby slide.

Base has had it's fair share of meme coin hype and a rather lackluster NFT launch but what else does it have going for it? BASE doesn't have it's own token though and was launched in 2023 just a little over a year ago. This makes people wonder if we are due for a token launch for this platform or not. However it's clearly stated that they will not launch their own token and this is most likely due to confusing SEC regulations that are keeping company's like Coinbase to take further action on projects like this.

Base is built on the Optimum network and it's why we saw a good amount of action and love for that blockchain early on. But those days have since dried up and the hype around it as well. But does that mean it should be counted out?

For myself I don't think so. Coinbase is massive, has won many lawsuits and is known world wide it's also a publicly traded company I don't see them dropping the ball on this one even if it's underwhelming always it feels like there should be growth there and some serious legit projects.

# Optimism

![](https://images.ecency.com/DQmeab9etupK48YDghTcxaPwNQFLMJbooBjMor6mmU9D6i7/optoken.png)

This one got some of the biggest hype ever raising 178 million of funds and launched 2021 and layer two token support in 2022. Their goal is to build a super chain to create a massive network and layer threes are due to be released soon on the "super chain".

What's a layer two token of Ethereum you like?

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

Posted Using [InLeo Alpha](https://inleo.io/@bitcoinflood/are-layer-2-ethereum-tokens-worth-it-anymore-2tn)

👍 leo.voter, ripperone, eds-vote, bitcoinflood, fredrikaa, daveks, behiver, fw206, bala41288, libertycrypto27, pele23, underlock, jongolson, newageinv, daltono, neal.power, pouchon, antisocialist, duo-curator, chinchilla, tobetada, forexbrokr, finguru, brofi, michupa, steemaction, drax, starstrings01, uwelang, scaredycatguide, leoschein, elevator09, netaterra, venarisyndicate, lisamgentile1961, bitrocker2020, gadrian, rima11, raiseup, tengolotodo, smartvote, davdiprossimo, mypathtofire, skiptvads, roger5120, dab-vote, dlike, kanibot, jmsansan, etblink, drricksanchez, esecholito, balaz, gniksivart, niallon11, kannannv, hivelist, crossculture, tbnfl4sun, tripode, gubbahomestead, hhayweaver, gubbatv, hoosie, and 259 others

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@bpcvoter3 · Sep 14 '24

Let's delve into the Builda whale farm on the Hive, Gogreenbuddy, who is also colloquially known as the Marky mark USAINVOTE UPMYVOTE IPROMOTE PUNKTEAM and 100's more if not thousands this individual has asserted that his intentions behind this initiative are driven by a desire to contribute positively to the community. Now, let's explore what he is earning on a monthly basis from this venture.  income is said to be generated through the use of multiple alternative accounts, which he utilizes to cast votes in favor of his own shit content. The community seems to have mixed feelings about this practice many are scared to speak up.  

Are you ready to delve deeper into this topic and uncover more insights? If so, let's proceed. It's time to wake up and gain a clearer understanding of the situation at hand.


Buildawhale 

Curation Rewards

>Total rewards according to loaded activities and filters
Time loaded: 25 days ago
Total HP: 15,283.568
Total HBD: 0.000
Total HIVE: 0.000
https://peakd.com/@buildawhale/activities


The Marky mark

Curation Rewards

>Total rewards according to loaded activities and filters
Time loaded: a month ago
Total HP: 13,913.812
Total HBD: 0.000
Total HIVE: 0.000

https://peakd.com/@themarkymark/activities

Usainvote

Curation Rewards

>Total rewards according to loaded activities and filters
Time loaded: Jul 20, 2024
Total HP: 7,026.082
Total HBD: 0.000
Total HIVE: 0.000

https://peakd.com/@usainvote/activities



Apeminingclub

Curation Rewards


>Total rewards according to loaded activities and filters
Time loaded: Jul 22, 2024
Total HP: 28.306
Total HBD: 0.000
Total HIVE: 0.000

https://peakd.com/@apeminingclub/activities


Gogreenbuddy

Curation Rewards

>Total rewards according to loaded activities and filters
Time loaded: Jul 15, 2024
Total HP: 1,960.063
Total HBD: 0.000
Total HIVE: 0.000


https://peakd.com/@gogreenbuddy/activities


<a href="https://imgflip.com/i/9160tw"><img src="https://i.imgflip.com/9160tw.jpg" title="made at imgflip.com"/></a><div><a href="https://imgflip.com/memegenerator">from Imgflip Meme Generator</a></div>

[On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out](https://www.bilpcoin.com/undefined/@bpcvoter1/on-hive-a-significant-issue-exists-with-automatic-upvotes-consistently-rewarding-the-same-individuals-day-in-and-day-out)


[We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again  reply to @jacobtothe](https://www.bilpcoin.com/undefined/@bpcvoter1/we-want-to-address-the-issue-of-downvoting-it-has-caused-pain-to-many-people-and-we-want-to-make-sure-it-doesn-t-happen-again)

[On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out](https://www.bilpcoin.com/undefined/@bpcvoter1/on-hive-a-significant-issue-exists-with-automatic-upvotes-consistently-rewarding-the-same-individuals-day-in-and-day-out)

[We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues](https://www.bilpcoin.com/undefined/@bpcvoter1/we-hope-that-those-who-genuinely-care-about-hive-will-reconsider-their-actions-as-continuing-down-this-path-could-inadvertently)


[lol the Marky mark keeps dreaming](https://www.bilpcoin.com/undefined/@bpcvoter1/lol-the-marky-mark-keeps-dreaming)



[There's been a notable increase in frustration and concern among many users](https://hive.blog/hive-167922/@bpcvoter1/there-s-been-a-notable-increase-in-frustration-and-concern-among-many-users)

[Reply 2 @crimsonclad You may consider yourself clever](https://hive.blog/hive-167922/@bpcvoter3/reply-2-crimsonclad-you-may-consider-yourself-clever)



[Reply to @crimsonclad](https://hive.blog/hive-167922/@bpcvoter3/reply-to-crimsonclad)


[Consider revising the value plan, as it's not providing significant benefits to HIVE](https://hive.blog/hive-167922/@bpcvoter3/consider-revising-the-value-plan-as-it-s-not-providing-significant-benefits-to-hive)

[The Value Plan, as it stands, seems to be a one-sided relationship with the HIVE platform, where the benefits are one-way](https://hive.blog/hive-167922/@bpcvoter3/the-value-plan-as-it-stands-seems-to-be-a-one-sided-relationship-with-the-hive-platform-where-the-benefits-are-one-way)



[Actions indeed speak louder than words, a fact we've all observed individuals may talk a good game, a whole lot of shit, but their actions often expose their genuine nature LOL](https://hive.blog/hive-167922/@bilpcoinbpc/actions-indeed-speak-louder-than-words-a-fact-weve-all-observed-individuals-may-talk-a-good-game-a-whole-lot-of-shit-but-their-)


[We consider it unwise to engage in harmful actions, even if you think you can escape the repercussions](https://hive.blog/hive-158694/@bilpcoinbpc/we-consider-it-unwise-to-engage-in-harmful-actions-even-if-you-think-you-can-escape-the-repercussions)


https://hive.blog/politics/@jacobtothe/re-bpcvoter1-shjdc8


[The Hive Police aka Hivewatchers, are the real heroes of Hive LOL, aren't they?](https://hive.blog/hive-167922/@bpcvoter3/the-hive-police-aka-hivewatchers-are-the-real-heroes-of-hive-lol-aren-t-they)


[Feast your eyes on Hive's trending page, what a load of trash](https://hive.blog/hive-167922/@bpcvoter3/feast-your-eyes-on-hive-s-trending-page-what-a-load-of-trash)


[LoL it's the Hivewatchers Hive Police, dishing out orders like a bakery LOL! Folks, do what you want with your Hive power, just as you please. And you, Hivewatchers, downvote away, but remember, judgment day's coming](https://hive.blog/hive-167922/@bilpcoinbpc/lol-its-the-hivewatchers-hive-police-dishing-out-orders-like-a-bakery-lol-folks-do-what-you-want-with-your-hive-power-just-as-)


[Harry fam We're just here, laughing at the shenanigans on Hive! Sure, our content's getting downvoted, but hey, it's all part of the game LOL](https://hive.blog/hive-167922/@bilpcoinbpc/harry-fam-were-just-here-laughing-at-the-shenanigans-on-hive-sure-our-contents-getting-downvoted-but-hey-its-all-part-of-the)

https://hive.blog/hive-158694/@hivewatchers/shhnhs


adm [-]
meesterboom [-]
steemcleaners [-]
jacobtothe [-]
logic [-]
chekohler [-]
b00m [-]
celestegray [-]
citizensmith [-]
sazbird [-]
technicalside [-]
bagpuss [-]
vxn666 [-]
spaminator [-]
meestemboom [-]
ihal0001 [-]
tillmea [-]
meesterleo [-]
meesterbrain [-]
unclefunker [-]
and 1 more

https://hive.blog/hivewatchers/@bpcvoter/shqkqc


[On Hive, there's a user who frequently burns a significant amount of Hive LOL with his own accounts](https://www.bilpcoin.com/undefined/@bpcvoter1/on-hive-there-s-a-user-who-frequently-burns-a-significant-amount-of-hive-lol-with-his-own-accounts)



[How To Fool An Entire Population](https://hive.blog/hive-158694/@bilpcoinbpc/how-to-fool-an-entire-population)


[it's so, so concerning to see Blocktrades delegating 2+ million Hive power to Buildawhale, and Buildawhale is downvoting legitimate content](https://hive.blog/hive-167922/@bilpcoinbpc/its-so-so-concerning-to-see-blocktrades-delegating-2-million-hive-power-to-buildawhale-and-buildawhale-is-downvoting-legitimat)


https://youtu.be/8VcSzCGbpoE


[We began sharing factual information following unwarranted downvotes on Hive it's all in the transactions](https://hive.blog/hive-167922/@bpcvoter1/we-began-sharing-factual-information-following-unwarranted-downvotes-on-hive-it-s-all-in-the-transactions)


[Upon examining our posts, you will notice they have been downvoted, and we've been labeled as scammers and spammers, which we find amusing. We consistently share new content](https://hive.blog/hive-148441/@bilpcoinbpc/upon-examining-our-posts-you-will-notice-they-have-been-downvoted-and-weve-been-labeled-as-scammers-and-spammers-which-we-find-)




[Once again, we ask why is our legit content being downvoted on Hive and what is the reason behind it. Hivewatchers ADM spaminator  steemcleaners guiltyparties logic ](https://hive.blog/hive-158694/@bilpcoinbpc/once-again-we-ask-why-is-our-legit-content-being-downvoted-on-hive-and-what-is-the-reason-behind-it-hivewatchers-adm-spaminator)



[We have Hive witnesses farming Hive, self-voting, operating comment farms, and self-funding projects with community resources](https://hive.blog/hive-167922/@bpcvoter1/we-have-hive-witnesses-farming-hive-self-voting-operating-comment-farms-and-self-funding-projects-with-community-resources)



https://peakd.com/@themarkymark/activities


https://peakd.com/@buildawhale/activities


https://peakd.com/@blockheadgames/activities


https://peakd.com/@hiveauctions/activities


https://peakd.com/@gogreenbuddy/activities



https://peakd.com/@meritocracy/activities



https://peakd.com/@gogreenbuddy/activities



https://peakd.com/@jacobtothe/activities



https://peakd.com/@usainvote/activities



https://peakd.com/@leovoter/activities


https://peakd.com/@usainvote/activities


https://peakd.com/@upmyvote/activities


https://peakd.com/@apeminingclub/activities



https://peakd.com/@punkteam/activities

Posted using [Bilpcoin](https://www.bilpcoin.com/@bpcvoter1/let-s-delve-into-the-builda-whale-farm-on-the-hive-gogreenbuddy-who-is-also-colloquially-known-as-the-marky-mark-usainvote)



!INDEED  !WEED !PGM LUV !PIZZA !PIMP !ALIVE !CTP !BBH !VSC !INDEED !HOPE


Delegated: 4,046,288 HP
Search
@buildawhale	2,308,692 HP	Sep 29, 2017
@ocdb	1,171,244 HP	May 25, 2018
@usainvote	566,245 HP	Aug 16, 2020
@blocktrades.spk	106 HP	Aug 8, 2022
 Received: 54,605 HP
@kriborin	18,559 HP	Aug 9, 2017
@kevtorin	18,559 HP	Aug 9, 2017
@lessys	17,093 HP	Aug 9, 2017
@aprendizinfinito	129 HP	Mar 11, 2022
@klinckify	111 HP	Apr 19, 2021
@rt-international	109 HP	Dec 14, 2023
@augusto2021	11 HP	Dec 22, 2021
@spearhead1976	11 HP	Nov 20, 2022
@titovieira	10 HP	5 days ago
@realazazel	4 HP	Jun 15, 2020
@stunod	4 HP	Feb 8, 2022
@pumpkinmimi	2 HP	Oct 15, 2021
@logiczombie	1 HP	Dec 24, 2021
@africka	1 HP	May 12, 2020


https://peakd.com/@blocktrades/wallet

👎 spaminator

`author`	bpcvoter3
`permlink`	sjtdmy
`category`	hive-167922
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`created`	2024-09-14 17:52:09
`last_update`	2024-09-14 17:52:09
`depth`	1
`children`	0
`last_payout`	2024-09-21 17:52:09
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	10,086
`author_reputation`	-6,889,123,594,485
`root_title`	"Are Layer 2 Ethereum Tokens Worth It Anymore?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	137,063,836
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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
spaminator	0 B		-5,283,592,488	-0.25%

@thelogicaldude · Sep 7 '24

I use BSC which is more of it's own side chain, and Polygon as my options. I have held up on Polygon while it has done it's migration to POL though. I have considered looking back into using ETH since the fees have been a lot lighter, but I have just gotten comfortable with the other options at this point.

properties (22)