Is Ethereum’s Layer 2 Dominance Under Threat? Unveiling The Rising Stars In The Crypto World

Recently, the dominance of layer two blockchains on the Ethereum network has been threatened due to the broader adoption of these chains on other networks.

Also, despite the slow activity in the crypto market, an Ethereum-based platform, ETFSwap (ETFS), has managed to cause FOMO among investors. This article discusses the future of layer two blockchains on the Ethereum network and why ETFSwap (ETFS) attracts large and small investors.

The Ethereum network is regarded as the leading smart contracts platform in the industry. It was among the first layer one blockchains to adopt layer two blockchains. Interestingly, the importance of layer two blockchains on the Ethereum network can not be overemphasized, as they improve the platform’s efficiency by significantly increasing transactions and reducing fees. 

Therefore, American investment management firm VanEck predicted a staggering $1 trillion market capitalization for the layer two blockchains on the Ethereum network in a report. According to the report, two VanEck analysts, Matthew Sigel and Patrick Bush, pointed to the importance of layer two technologies like ZK roll-ups and optimistic roll-ups in enhancing the Ethereum network capabilities.

In addition, the report speculates that layer two networks will make up a significant portion of the Total Value Locked (TVL) within the Ethereum ecosystem. According to the asset tracking platform CoinGecko, the total value locked (TVL) on the Ethereum network currently amounts to $48.6 billion, over half of all blockchains’ collective TVL. 

ETFSwap (ETFS) is an Ethereum-based crypto ETF trading platform that introduces the unique option of tokenizing exchange-traded funds (ETFs). The tokenized ETFs will directly represent traditional ETFs on the blockchain, making it possible for investors of all portfolio sizes to invest in unique assets like Gold, silver, treasuries, and bonds. 

ETFSwap (ETFS) can create this type of exposure to these assets because the platform has partnered with MiCa-regulated investment banks to handle the trade of securities and cryptocurrencies. Also, the tokenized ETFs will allow traders to trade these assets with leverage, and ETFSwap (ETFS) offers them up to 50x leverage on its derivatives trading arm.

 Further, as a decentralized platform, ETFSwap (ETFS) will not make Know Your Customer (KYC) verification compulsory for new users, making it possible for them to sign up and start trading in a few minutes. In addition, this method will protect user’s identity from hackers who exploit sensitive information individuals out online to steal their identity. The platform also took it a notch, further integrating a DeFi protocol Zero Knowledge Proofs into its platform to ensure the privacy of each user. 

ETFSwap (ETFS) also features an ERC-20 token, ETFS, as its native token. Since it powers the network, ETFS has a variety of functions on the ETFSwap (ETFS) trading platform, including payment methods, transaction fees, and staking. Also, only token holders can trade the tokenized ETFs on the platform. However, all token holders will be eligible for perks like voting rights, mouth-watering APRs as staking rewards, and access to all new ETF listings on the platform. 

If you want to trade tokenized ETFs and benefit from all these unique features, hurry now to purchase ETFS in the platform’s ongoing presale event at a low price of $0.01831. Aside from gaining access to trade tokenized ETFs, all who buy ETFS now will profit on their purchase when the token price automatically increases to $0.03846 in the coming round. 

VanEck’s bullish speculation on Ethereum network layer two blockchains indicates their dominance despite fierce competition from other networks. Also, the promise of automatic profit has drawn large and small investors into the ETFSwap (ETFS) presale. 

However, there is more. Experts like VanEck have made bullish speculation on ETFS, predicting it will surge by 20,000% to the $3 mark. That will mean over 200x profit for all early investors, and no investor wants to miss a 200x profit. Hurry and buy ETFS today in the presale. 

For more information about the ETFS Presale:

• Visit ETFSwap Presale
• Join The ETFSwap Community

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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