Will Solana Launch Layer 2 Someday?

[MrSpasybo]

This makes no sense.

L2 solutions are important to scale. Solana main chain is already scalable, and transactions are fast and cheap.

Ethereum and bitcoin L2 solutions are welcome, but I don't see much future in SOL L2 solutions.

Yeah, Solana is faster than even Ethereum Layer-2s, so maybe we don't need Solana Layer-2s right now. Stability should be prioritized over network scaling!

However, looking at other ecosystems, for example, Ton has a speed of 100k tps and Cardano Layer-2 Hydra has a speed of 1M tps, we can predict an explosion of many Layer-2s on Solana if Solana continues to exist and becomes more popular in the crypto market. This could be a new narrative for us in the next few cycles ^^

[Gurujebs]

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1. If the blockchain process goes out like this continues, will the Solana coin community later launch Layer 2 like Ethereum which cuts transaction fees using the Ethereum Layer 2 method like Arbitrum and Optimism?
2. Does anyone know what Layer 2 on the Solana coin will look like in the future? Maybe when the Solana coin reaches a price of more than 2,000 dollars.

If Solana should launch a layer 2 solution then that means Solana is broken and it doesn't fulfill the purpose of been a layer 1 blockchain to process thousands of transactions it was reported during the testnet before the mainet. I'm not sure that Solana will ever have layer 2 because it's fast already and highly scalable, the only challenge is the cost of running the nodes, it's not cheap because th hardware are costly.

Remember that Solana isn't even in it mainnet yet, it was reported to be in Beta net. Perhaps more upgrade will come later in the future.

[erus]

Is the current Solana coin sending fee when the price is 222 dollars the same as the Ethereum fee back when the price was 222 dollars?
If it is true that Solana's transaction fee is the same as Ethereum's, then I can guess personally that when the Solana coin price reaches 2,000 dollars and above, it will definitely also require a high transaction fee and require Layer 2 to cut transaction costs.

Price has nothing to do with fees!
Bitcoin is at 100k and you can send a tx with less than $1, meanwhile, while it spiked 7 years ago to 20k transactions were close to $40.
It's usage that matters, if people start hoarding eth and Solana and the tokens on it lose fomo then the fees will go down, if some hype happens on chain from stuff like meme coins you can have the coin keeping the same value while fees going x50 up!
~snip~

That means, if Solana is widely used by all communities so that the transactions are dense, then the fee will likely increase, right?
Whereas if Solana is not widely used, the transaction fee will be cheap, even though the price of a Solana coin is around 2,000 dollars per coin?

[taufik123]

That means, if Solana is widely used by all communities so that the transactions are dense, then the fee will likely increase, right?
Whereas if Solana is not widely used, the transaction fee will be cheap, even though the price of a Solana coin is around 2,000 dollars per coin?

As is the case with other networks, and of course when the network is very dense, the cost will be more expensive and the transactions made will take a long time to be confirmed.

Solana transaction fees are greatly affected by the level of network usage as well as High transaction density leads to increased costs.
while low usage tends to maintain low costs.

The price of the Solana coin and transaction fees are two different things.


https://solscan.io/analysis/fee_tracker

[Report]

If compared to Ethereum which already has Layer2, it means that Solana also cannot be completely equated with Ethereum.
Ethereum is already expensive and has very expensive fees too, that's why the Ethereum community created Layer2 to reduce transaction fees.

For the Solana coin, I'm not sure the community created Layer2 because the Solana coin transaction fee is still cheap and affordable.
It is also possible that if one day the Solana coin transaction fee reaches 3 dollars, then I'm sure the community will also create Layer2 for the Solana coin.

[Trongduy]

If compared to Ethereum which already has Layer2, it means that Solana also cannot be completely equated with Ethereum.
Ethereum is already expensive and has very expensive fees too, that's why the Ethereum community created Layer2 to reduce transaction fees.

For the Solana coin, I'm not sure the community created Layer2 because the Solana coin transaction fee is still cheap and affordable.
It is also possible that if one day the Solana coin transaction fee reaches 3 dollars, then I'm sure the community will also create Layer2 for the Solana coin.

If Solana transaction fees hit 3 dollars, that would probably mean Solana's gone totally mainstream, serving the needs of tens of millions of regular folks. Right now, my crystal ball is a little foggy on exactly what could bring about that kind of success for Solana.

We've seen a few Layer-2 projects pop up for Solana, but I'm still waiting to be wowed. Seems like Solana's already zippy and cheap enough for most people's needs. The Solana squad has even pointed out some of the downsides of Layer-2s on Ethereum, which is why Solana hasn't exactly been rushing to build its own.