Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021 By Cointelegraph

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Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021

Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the network.

While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and Avalanche, those who wish to stay on Ethereum have turned to layer-two solutions like Loopring as their preferred method of escape.

Loopring daily volume vs. AMM percentage vs. Orderbook percentage. Source: Delphi Digital
The number of wallets interacting with the Loopring DEX. Source: Delphi Digital
LRC/USDT 4-hour chart. Source: TradingView