Top 10 Layer 2 Cryptocurrencies by Development Activity: Optimism (OP) And Starknet (STRK) Lead the Pack
Santiment, a leading cryptocurrency analytics platform, has recently released a ranking of the top Layer 2 cryptocurrencies based on their development activity. The list is compiled by counting all non-redundant GitHub activity for each project and averaging their daily activity over the past 30 days. This methodology guarantees that the analysis includes only significant efforts made by the teams to innovate and improve their projects.
The top 10 Layer 2 cryptocurrencies by development activity showcase the projects that are actively working on enhancing their solutions and driving innovation in the cryptocurrency space.
With Optimism leading the pack and notable projects like Starknet, Arbitrum, and Polygon making the list, investors and enthusiasts can gain valuable insights into the projects that are making significant strides in the Layer 2 ecosystem.
What you'll learn 👉
1. Optimism (OP)
Optimism (OP) currently sits at the top of the list, demonstrating an impressive level of development activity. The project boasts 146% more activity per day than the next closest competitor, highlighting the team’s dedication to enhancing the Optimism ecosystem.
Optimism is a Layer 2 scaling solution for Ethereum that utilizes optimistic rollups to enable faster and cheaper transactions while maintaining the security of the Ethereum mainnet. The project’s high level of development activity suggests that the team is actively working on improvements and new features to further enhance the platform’s capabilities.
2. Starknet (STRK)
Starknet (STRK) has secured the second position in the development activity rankings. The project focuses on providing a scalable and developer-friendly infrastructure for decentralized applications, leveraging zero-knowledge rollups to achieve high throughput and low transaction costs.
By offering a scalable and developer-friendly infrastructure for decentralized applications (DApps), StarkNet addresses a critical challenge faced by developers in the blockchain space. Its utilization of zero-knowledge rollups, a layer-two scaling solution, enables high throughput and low transaction costs, making it an attractive platform for DApp developers. As a result, developers are drawn to StarkNet’s potential to build and deploy complex applications more efficiently and cost-effectively, leading to an increase in development activities within the project.
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3. Arbitrum (ARB)
Arbitrum (ARB) has claimed the third spot on the list, showcasing the project’s dedication to improving its Layer 2 solution. Arbitrum utilizes optimistic rollups to enable faster and cheaper transactions on the Ethereum network while maintaining the security and decentralization of the mainnet.
The high level of development activity on Arbitrum suggests that the team is actively working on enhancements and new features to further optimize the platform’s performance and user experience.
4. Cartesi (CTSI)
Cartesi (CTSI) has secured the fourth position in the development activity rankings. The project aims to provide a scalable and developer-friendly infrastructure for decentralized applications, enabling developers to build and deploy dApps using mainstream programming languages and tools.
Cartesi team is committed to advancing the project and delivering a comprehensive Layer 2 solution for the cryptocurrency ecosystem.
5. Immutable (IMX)
Immutable (IMX) has claimed the fifth spot on the list, highlighting the project’s focus on creating a scalable and efficient platform for non-fungible tokens (NFTs) on Ethereum. Immutable leverages zk-rollups to enable fast and cheap NFT transactions while maintaining the security and decentralization of the Ethereum mainnet.
The robust development activity observed on Immutable is indicative of developers actively implementing a range of enhancements and new features to elevate the platform’s NFT capabilities and enrich the user experience.
6. SKALE Network (SKL)
SKALE Network (SKL) has secured the sixth position in the development activity rankings. The project aims to provide a scalable and decentralized infrastructure for deploying and running decentralized applications, leveraging a network of independent blockchains to achieve high throughput and low latency.
The implementation of scalable solutions initiatives that enable high throughputs is driving an influx of development activities. These solutions are attracting developers who are eager to introduce efficient solutions requiring such capabilities.
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Show more +7. Mintlayer (ML)
Mintlayer (ML) has claimed the seventh spot on the list, showcasing the project’s dedication to creating a scalable and interoperable infrastructure for decentralized finance (DeFi) applications.
Mintlayer utilizes a unique architecture that combines proof-of-stake consensus with Bitcoin’s security model to enable fast and secure transactions across multiple blockchains. This has obviously attracted various developers to the ecosystem.
8. Polygon (MATIC)
Polygon (MATIC) has secured the eighth position in the development activity rankings. The project aims to provide a scalable and developer-friendly infrastructure for building and deploying decentralized applications on Ethereum, leveraging a network of sidechains and plasma chains to achieve high throughput and low transaction costs.
The consistent development efforts undertaken by the Polygon team indicate their commitment to advancing the project and delivering a comprehensive Layer 2 solution for the Ethereum ecosystem.
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9. Metis (METIS)
Metis (METIS) has claimed the ninth spot on the list, highlighting the project’s focus on creating a scalable and efficient infrastructure for decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) applications.
Metis utilizes optimistic rollups and a unique governance model to enable fast and cheap transactions while maintaining the security and decentralization of the Ethereum mainnet. This could be the reason behind the surge in development activities.
10. Mantle (MNT)
Mantle (MNT) rounds out the top 10 Layer 2 cryptocurrencies by development activity. The project aims to provide a scalable and interoperable infrastructure for decentralized applications, leveraging a unique architecture that combines zk-rollups with a modular design to enable fast and secure transactions across multiple blockchains.
The developers are working hard to advance the project and deliver a robust Layer 2 solution for the cryptocurrency ecosystem, hence the high activities.
The top 10 Layer 2 cryptocurrencies by development activity, as ranked by Santiment, showcase the projects that are actively working on enhancing their solutions and driving innovation in the cryptocurrency space. These projects are making significant strides in addressing the scalability and efficiency challenges faced by blockchain networks, while maintaining the security and decentralization of the underlying infrastructure
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