Layer 2
6.6K
Volume
+16%
Growth
regular
About the Topic
Layer 2 solutions in blockchain technology are designed to enhance the scalability and efficiency of blockchain networks. They function by diverting transactions off the main blockchain and processing them separately, which helps to reduce congestion, speed up transactions, and lower fees. These solutions are particularly beneficial for users and developers seeking to improve the performance and cost-effectiveness of blockchain applications.
Layer 2 was discovered on November 28th 2022 and it currently has a search volume of 6.6K with a growth of +16%.
Key Indicators
Growth
- Exploding
- Regular
- Peaked
Speed
- Exponential
- Constant
- Stationary
Seasonality
- High
- Medium
- Low
Volatility
- High
- Average
- Low
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