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Besides Polygon, protocols like Base and Optimism are also spearheading a major network change that can accommodate more users. From performance to scalability and lower gas fees, layer-2 protocols now form an unrivaled alternative for users looking to explore NFTs, gaming and other new Web3-centric innovations.Despite outpacing Ethereum in several core metrics, layer-2 protocols and their associated tokens have a strong correlation to ETH.
At the time of writing, Ethereum is changing hands for $3,527.53, down by 4% in the past 24 hours. Following this slump, L2 tokens, including MATIC, Arbitrum and Optimism, are down by 1.74%, 2.44% and 1.6% to $0.6360, $0.9354 and $2.124, respectively.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
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