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- 1 The scaling solutions on Ethereum that permit off-chain aggregation of transactions in smart contracts are called Ethereum rollups.
- 2 They are bundles of transactions that are rolled up and reported as a single exchange to the Ethereum network.
Zero-knowledge rollups can process thousands of transactions in a batch and then post some minimal summary data to Mainnet. It is expected that many Ethereum rollup solutions will release their crypto in 2024. ZKsync and Starknet are among the main projects in Ethereum’s layer-2 landscape that will most likely release their own token.
The data from the respective companies show that the layer 2 ecosystem has shown growth in the market in the past year, suggesting that in the case of airdrop, the reward could be considerable.
Linea, Fuel, and Scroll can Release Their Tokens
There are second-tier projects that are less talked about as compared to the aforesaid ones. These include the names like Linea, Fuel, and Scroll.
There are rumors that many crypto projects release their tokens by the end of the year. This is because of the good growth of a wide range of decentralized ecosystems. But, with the postponement of plans, many companies working in blockchain infrastructure development planned to create their own cryptocurrency in the current year. StarkWare announced that it has postponed the first unlocking of STARK tokens from November 2023 to April 2024.
The assumptions of Starknet and ZkSync airdrops are very high. There are many other layer-2 projects that could bring crypto tokens into the crypto market in 2024. Linea is one of such projects which has given growth to their ecosystems.
Linea is a product of Consensys, a software development company. The company has received essential funding this year from Animoca Brands and Coinbase Ventures. This will be utilized for the development of Layer-2. Thus, it has entered the mainnet and in a few months, it will release the utility token. It is likely to see an airdrop during 2024.
The Scroll is another Ethereum rollup that also recently landed on the mainnet. It has been under development since 2021. It has received $80 Billion in funding. It is expected that the funds will be used to reward and develop the community.
Presently, the Chain is not showing large TVL but could see a large flow of capital in the short term due to the promotions it has created on social media about the rumored airdrop of the crypto project.
It is important to mention Fuel, which is another modular execution layer that is currently under development. It has raised $81 Million in funding and the growth prospects project the infrastructure as one of the fastest growing in the Ethereum Layer -2 landscape.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
