
The cryptocurrency landscape is witnessing a consolidation of attention and capital towards established projects, as new entrants struggle to gain traction. Industry experts suggest that the emergence of Layer 2 (L2) solutions, particularly those built on Ethereum, is pivotal for scaling and enhancing the network's capabilities. Notably, the introduction of Gigagas Rollups, which promise 100 times more throughput than conventional L2s, is set to revolutionize the ecosystem. These rollups, developed with Celestia's support, enable developers to deploy 1-click EVM rollups, facilitating the creation of robust on-chain applications. The trend indicates a shift towards fewer but more powerful L2s, with predictions of only three dominant L2s and L1s likely to capture the majority of market activity. Experts emphasize the need for Ethereum's Layer 1 to remain strong to ensure the success of its L2 solutions, as the balance of power within the ecosystem evolves.

I wouldn’t be too concerned about the presence of dozens of L2s. Economies of scale and consolidation will apply to blockchains as well. We’re likely to see around three dominant L2s and three dominant L1s capturing the majority of the market. The strongest and fittest survives.
Based rollups will save Ethereum. Validiums/optimiums will save $ETH. https://t.co/7sA3nTLCx6
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