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What is Layer 2?
A secondary protocol layer that makes transactions faster and cheaper on top of the main blockchain (Layer 1).
ExampleAs a Layer 2 solution for Ethereum, Polygon lowered gas fees.The figures in the example illustrate the concept; they are not current market data.
Related terms
Decentralized FinanceA blockchain-based ecosystem that offers financial services without intermediaries through smart contracts.Gas FeeThe transaction fee paid to network validators to process a transaction on the Ethereum network.StakingLocking crypto assets on Proof-of-Stake networks to help secure the network and earning rewards in return.On-Chain TransactionA transaction recorded and validated directly on the blockchain network.
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Frequently asked questions
What is Layer 2?
A secondary protocol layer that makes transactions faster and cheaper on top of the main blockchain (Layer 1).
What is Layer 2 called in Turkish?
In Turkish financial reporting and news, Layer 2 is called Layer 2.
Which concepts are related to Layer 2?
The concepts most often mentioned together with Layer 2 are Decentralized Finance and Gas Fee.