CandleFocus Layer-2 Networks Emerge as the Foundation of a More Expansive DeFi Ecosystem
2024-11-11
Author: Content Editor
The article discusses the challenges faced by Ethereum in terms of scalability and transaction throughput for the DeFi industry. It highlights the importance of Layer-2 networks in addressing these limitations and enhancing Ethereum's scalability. The article focuses on four prominent Layer-2 networks: Polygon, Fuse Network, Optimism, and Base. It provides details about each network's features, scalability capabilities, and compatibility with Ethereum. It also mentions Coti, which is transitioning to become a privacy-centric scaling solution for Ethereum. The article highlights the significance of Layer-2 networks in the DeFi ecosystem and their role in enabling interoperability and privacy while improving scalability.
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