ETH's L2's Are they really not much attractive now

[rdluffy]

I don't know why people use Ethereum to bridge in first place, there are plenty layer2s available, bridge in-between them, you'll pay significantly less.

If you don't have funds on layer 2 networks, then convert your BTC/DOGE/LTC (as long BTC fees are doable, and whatever other cheap crypto you got)  to Optimism/Arbitrum/Polygon via instant exchanges and then bridge to other chains from these layer 2s.

some airdrops have a requirement or multiplier to make an official bridge, which most of the time has to be made from the ETH network to the coin network (l2), so many people use this type of bridge
Other times it's easier to make l2-to-l2 bridges, for example using Jumper Exchange or Stargate

[Zed0X]

The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.

Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker, they estimate fee for bridging is about 5.5x higher than sending ETH to another address.

Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.

[libert19]

The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.

Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker, they estimate fee for bridging is about 5.5x higher than sending ETH to another address.

Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.

Airdrop farming is one big reason why bridges are used, people speculate on L2s itself having airdrop or the projects living therein, and to get funds there, user must use bridges.

If L2 is new then it might not be having support of third party bridges yet and official bridge may be having only Ethereum as base bridge option or there may be rewards for making bridge from Ethereum — as comment prior to yours mentioned, hence people do it.

[royalRitta]

The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.

Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker, they estimate fee for bridging is about 5.5x higher than sending ETH to another address.

Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.

Airdrop farming is one big reason why bridges are used, people speculate on L2s itself having airdrop or the projects living therein, and to get funds there, user must use bridges.

If L2 is new then it might not be having support of third party bridges yet and official bridge may be having only Ethereum as base bridge option or there may be rewards for making bridge from Ethereum — as comment prior to yours mentioned, hence people do it.

Do you think that in the future the price of bridges will change?

[libert19]

The last time I used L2 projects, my biggest gripe was the bridging fees. Hopefully, it does get cheaper regardless of what L2 we use.

Bridging require more gas than sending ETH to another address, so it's not surprising. Looking at https://etherscan.io/gastracker, they estimate fee for bridging is about 5.5x higher than sending ETH to another address.

Yeah, definitely one of the main reason why I stay out of L2s on Ethereum. From a user's perspective, I don't see the point of converting or bridging with that kind of fee when there are already layer 1 blockchains that could compete with the low fees and fast confirmation time that L2s offer.

Airdrop farming is one big reason why bridges are used, people speculate on L2s itself having airdrop or the projects living therein, and to get funds there, user must use bridges.

If L2 is new then it might not be having support of third party bridges yet and official bridge may be having only Ethereum as base bridge option or there may be rewards for making bridge from Ethereum — as comment prior to yours mentioned, hence people do it.

Do you think that in the future the price of bridges will change?

I don't think 'price' is correct word.

Anyway, bridging between L2-L2 is already cheap, From Ethereum bridges are expensive solely due to Ethereum network being expensive, Ethereum scales and users will pay less. There may be some bridging fee from bridge provider but it's usually too less that it's not even worth mentioning.

[NotATether]

The thing about Solana's network is that it could go down like a website if it is having a bad day. Specifically, if the central server stops working properly. So I don't like it at all.

At least with Ethereum you have some sort of decentralization, despite it being severely weakened by Proof of Stake. But Solana just throws all that out the window and makes a joke out of it.

[ZAINmalik75]

Hope so you guys are doing well, I'm starting a new direction of topic on ETH's ecosystem where ETH disappointed us and even SOL is doing well at the same time, what are your current stands on the L2's on the ETH, I know there are many projects but from them in top 300 which projects look promising in the direction of getting retail attention and community traffic, based on the Dapps.

AS you all know the L2's performed a little well in the first half of the year but when we compare it to the SOL's ecosystem projects like RWA-based ones, it seems like L2s are nowhere, I was super confident on L2's like Matic which not L2 now ARB, OP and some other projects like ZK, Linea but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?

Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments. What are your predictions about Linea?

Many people are using the optimism network too it still has hype and ARB is now being considered a trendy coin to invest money in the long term but we should look for other options too like deep AI and gaming but what projects are good in these fields in your opinion?

[joniboini]

Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments.

I participated in one of their community activity and burned more or less the same money. Decided that was enough and stopped caring about them. How many programs you've participated and how many points you earned from that? I'm pretty sure the number of participants was also very high so it's likely we'll get less than $500 if they do distribute the tokens.

Do you think that in the future the price of bridges will change?

It will change if the market doesn't use them at all. I hope we don't need L3 just to solve that issue.

[rdluffy]

Linea still has great potential if they have kept their funding limit lower. I have joined their airdrop and spent more than $100 on fees and have accumulated many Linea tokens now waiting for the listing. I hope it will give us higher returns and we can make more than 10x on our investments. What are your predictions about Linea?

Linea has already extended its campaign to farm us a lot 
Along with Scroll, they are the two big networks that haven't launched their token yet and probably will by the end of the year, this is my bet
I hope they manage to launch TGE at a good time, with BTC at 65k or more so that they can get a good TVL

I'm trying to do as much as possible to try and get a good airdrop, as it will be quite diluted, both

[Stompix]

but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?

You're chasing the hype!
While L2s might be a thing nobody needs for some coins Deep-AI is just a buzzword, why and how would a token or coin even be related to anything like AI?I even had a topic about it:
There is no such thing as AI coins, sorry, but there is not!
As for RWA, it's just a repeat of the so-called utility tokens, why would you need something of value while tokenizing assets in different values than the main chain, it's like the shares of Robin Hood would influence the shares of Tesla....

[ZAINmalik75]

Linea has already extended its campaign to farm us a lot 
Along with Scroll, they are the two big networks that haven't launched their token yet and probably will by the end of the year, this is my bet
I hope they manage to launch TGE at a good time, with BTC at 65k or more so that they can get a good TVL

I'm trying to do as much as possible to try and get a good airdrop, as it will be quite diluted, both

I know they have extended the campaign but I am not participating more because they are taking so long and extending the campaign and increasing the allocation is a sign that we won't get high returns on our investments and time. You are right we should make transactions and swaps on Scroll too It is a good network with a good purpose and they having no token is a bonus for us. We can get good rewards from Scroll too.

I also hope they list it in good market condition and I am pretty sure they also want the same thing but I hope they won't get greedy to find the best time and lose what they have now. I just stopped participating in Linea due to extensions but if any bullish news comes I might start participating again.

[LogitechMouse]

---
Hope so you guys are doing well, I'm starting a new direction of topic on ETH's ecosystem where ETH disappointed us and even SOL is doing well at the same time, what are your current stands on the L2's on the ETH, I know there are many projects but from them in top 300 which projects look promising in the direction of getting retail attention and community traffic, based on the Dapps.

AS you all know the L2's performed a little well in the first half of the year but when we compare it to the SOL's ecosystem projects like RWA-based ones, it seems like L2s are nowhere, I was super confident on L2's like Matic which not L2 now ARB, OP and some other projects like ZK, Linea but it's looking like now there not much potential in these coins we better switch our portfolio to some other narratives like, Deep-AI and Gaming also dont forget RWA. What do you guys thin of L2 now?

L2's on ETH will be just fine.

They don't need to get hyped just to stay popular. The fact that they're on the top 100 in terms of market cap consistently is I guess enough to say that there are still many investors that are supporting the project and on the other hand, most of the top L2 projects right now is constantly developing just to stay afloat.

You mentioned the term "AI" yet again, and until now, I'm still curious on which tokens fall to that category because TBH, all of those "AI" coins aren't really AI-related at all ut instead, used the popularity of AI again just for the company to stay relevant hence, increase more users.

[rdluffy]

I know they have extended the campaign but I am not participating more because they are taking so long and extending the campaign and increasing the allocation is a sign that we won't get high returns on our investments and time. You are right we should make transactions and swaps on Scroll too It is a good network with a good purpose and they having no token is a bonus for us. We can get good rewards from Scroll too.

I also hope they list it in good market condition and I am pretty sure they also want the same thing but I hope they won't get greedy to find the best time and lose what they have now. I just stopped participating in Linea due to extensions but if any bullish news comes I might start participating again.

Most of my money in Linea are in ZeroLend, stargate and Mendi
I'm not doing tons of things, since I already did a lot of txs, contracts and Nfts
I think a reasonable return is something like 10x of your spend in Linea
They can distribute based on LXP and them doing some multiply in number of months, txs etc

[joniboini]

10x return sounds too good to be true considering how many people participated in the Linea campaign. Is there any breakdown of how many tokens can we get for each point? I don't really want to spend another hundred dollars in fees to farm more points to convert my tokens. Feels like they're trying to farm more transaction fees instead of building a working ecosystem. I really hope that won't be the norm for L2 projects in the future.

[rdluffy]

10x return sounds too good to be true considering how many people participated in the Linea campaign. Is there any breakdown of how many tokens can we get for each point? I don't really want to spend another hundred dollars in fees to farm more points to convert my tokens. Feels like they're trying to farm more transaction fees instead of building a working ecosystem. I really hope that won't be the norm for L2 projects in the future.

To be honest, 10x in an airdrop is not too good 
If you spent 100 usd for example, receive 1000 dollar is good, but not SO good because you put your effort and time to farm and took some risk in a new network
I hope at least 15x or 20x, but 10x at least is ok heheh