Will Solana Launch Layer 2 Someday?

[erus]

I spontaneously created this topic because I remembered my previous post with KryptoBull  , so I was inspired to create a topic about Will Solana Launch Layer 2 Someday?

We can see that the Solana coin is getting more and more communities, the price of Solana is increasing, this will likely make the transaction fee on the Solana coin expensive too. Not to mention the system of the Solana coin is PoH or Proof of History which if the transaction is carried out massively it will definitely go out and has been proven several times.

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.

[Mia Chloe]

Yes chances and dynamics of the network has it that it's actually possible they could implement it later on. However it would depend on a majority of important factors. Yes solana fees may be high when relatively compared to some other networks like the bitcoin network if you ask me. But still it's not enough for them to take the move soon enough for implementing a layer 2 upgrade.

The question is although fees are high, is the network begining to get congested with transactions faster than they are actually validating? If you are familiar with the bitcoin network you will recall that fees were not the major issue when the layer 2 was implemented, congestion rather was.

[KryptoBull]

I spontaneously created this topic because I remembered my previous post with KryptoBull  , so I was inspired to create a topic about Will Solana Launch Layer 2 Someday?

We can see that the Solana coin is getting more and more communities, the price of Solana is increasing, this will likely make the transaction fee on the Solana coin expensive too. Not to mention the system of the Solana coin is PoH or Proof of History which if the transaction is carried out massively it will definitely go out and has been proven several times.

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.

+
First, thank @erus for replying to my topic and inviting me to visit this interesting topic.

As far as I know, we already have a few L2 solutions for Sol, such as Nitro, ZX, and Sonic. However, they don't seem to be very popular because they don't really solve the problems of Sol's instability. Sol is not limited by speed, 65k tps is enough to serve user needs, so users have no reason to experience L2.

Another direction for L2 or L3 is to focus on the application of blockchain to have a more suitable platform for specific use cases such as targeting GameFi or RWA. If the Sol ecosystem becomes very large in the future, many companies will need to create their own L2 when entering the blockchain space, for example Sony has Soneium and Kraken has Ink on Eth.

[Azharul]

Yes chances and dynamics of the network has it that it's actually possible they could implement it later on. However it would depend on a majority of important factors. Yes solana fees may be high when relatively compared to some other networks like the bitcoin network if you ask me. But still it's not enough for them to take the move soon enough for implementing a layer 2 upgrade.

The question is although fees are high, is the network begining to get congested with transactions faster than they are actually validating? If you are familiar with the bitcoin network you will recall that fees were not the major issue when the layer 2 was implemented, congestion rather was.

I think that you could express a best opinion in your valuable post. So i am also agree with your opinion. If we follow in cryptocurrency market, we can see that solana is a very preferable currency in cryptocurrency world. But if we follow in a few month ago, we can see that solana price could be very  down in this time. But if we follow in cryptocurrency market to this moment. I think that gradually it’s price will increase rapidly. Because we can see that bitcoin price is already near in $100k. So i believe that day by day solana price also increase best level in future.

[Bobcrypto]

Changes, upgrades, developments are constant things on cryptocurrency projects and this includes crypto assets like Solana. Solana has witnessed unprecedented growth in recent times, however, anything can happen on the crypto economy, and i think that layer 2 is possible. Solana current momentum may continue to affect transactions fees which is on the high side, and the network which has been experiencing congestions requires upgrades to accommodate more activities.

[erus]

~snip~
The question is although fees are high, is the network begining to get congested with transactions faster than they are actually validating? If you are familiar with the bitcoin network you will recall that fees were not the major issue when the layer 2 was implemented, congestion rather was.

That means the Proof of History system basically always produces a congested output if the network is congested and the result is still the same if there is a Solana Layer2 it will still be congested, do you think that's the case?

I spontaneously created this topic because I remembered my previous post with KryptoBull  , so I was inspired to create a topic about Will Solana Launch Layer 2 Someday?

We can see that the Solana coin is getting more and more communities, the price of Solana is increasing, this will likely make the transaction fee on the Solana coin expensive too. Not to mention the system of the Solana coin is PoH or Proof of History which if the transaction is carried out massively it will definitely go out and has been proven several times.

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.

+
First, thank @erus for replying to my topic and inviting me to visit this interesting topic.

My pleaure mate.

As far as I know, we already have a few L2 solutions for Sol, such as Nitro, ZX, and Sonic. However, they don't seem to be very popular because they don't really solve the problems of Sol's instability. Sol is not limited by speed, 65k tps is enough to serve user needs, so users have no reason to experience L2.
~snip~

Nitro, ZX and Sonic are they really Layer2 of Solana? This is the first time I have heard of Nitro, ZX and Sonic projects. Can you provide a reference for the main website of Nitro, ZX and Sonic projects?

~snip~
Solana current momentum may continue to affect transactions fees which is on the high side, and the network which has been experiencing congestions requires upgrades to accommodate more activities.

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.

[Mia Chloe]

That means the Proof of History system basically always produces a congested output if the network is congested and the result is still the same if there is a Solana Layer2 it will still be congested, do you think that's the case?
re Layer 2 to cut transaction costs.

Well the aim of implementing forks like this is to fix congestion or stop it however practically you end up reducing it very much rather than actually stopping it. This is basically true for a progressive network of course because definitely as adoption rates go up then so does the chances of having congestions go up too at intervals.

Like I said every crypto currency has a threshold to the number of waiting transactions it can manage before congestion becomes a problem to be tackled and by implementing a protocol like later two upgrades you are like literally lifting that threshold and also improving efficiency too.

[erus]

That means the Proof of History system basically always produces a congested output if the network is congested and the result is still the same if there is a Solana Layer2 it will still be congested, do you think that's the case?
re Layer 2 to cut transaction costs.

~snip~
Like I said every crypto currency has a threshold to the number of waiting transactions it can manage before congestion becomes a problem to be tackled and by implementing a protocol like later two upgrades you are like literally lifting that threshold and also improving efficiency too.

Same thought as you, I think Solana might in the coming year also be able to create Solana Layer 2. Or maybe not from Solana but from Solana coin supporters.
As far as I know, Arbitrum, Optimism or whatever it is that has the theme of Ethereum Layer 2, all of them also do not include Vitalik Butering in their core team, maybe later when Solana Layer 2 is present, Anatoly Yakovenko will also not be included in the core team of the Solana Layer 2 project.

[libert19]

I have used solana a bit, and it's fees are manageable, compareable to Ethereum layer 2s, so I would say there is no need of layer 2s for Solana as of yet.

But yeah, as solana grows in price and userbase it's fees might get higher and requirement for solana's layer 2 may arise and since necessity is mother of all discoveries and inventions we'll see rest happen.

[Crwth]

I'm just curious about this. Doesn't SOL already make it easier to transact with its low fees? I can't imagine needing an L2 for it unless there are other reasons than transaction fees. This is the first time I have heard of it that's why I'm quite surprised with this.

[Stompix]

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!

Yes solana fees may be high when relatively compared to some other networks like the bitcoin network if you ask me.

Sorry, what?

[Zed0X]

I'm just curious about this. Doesn't SOL already make it easier to transact with its low fees? I can't imagine needing an L2 for it unless there are other reasons than transaction fees. This is the first time I have heard of it that's why I'm quite surprised with this.

Right? It doesn't make sense to have another layer because Solana became popular being the better alternative for devs to launch Daps/Dexs and for smart contract users. I guess people would take this more seriously if SOL hits more than $1k each and transaction fees becomes $1+ (from less than 10 cents)

[bitmover]

I spontaneously created this topic because I remembered my previous post with KryptoBull  , so I was inspired to create a topic about Will Solana Launch Layer 2 Someday?

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.

[joniboini]

I guess people would take this more seriously if SOL hits more than $1k each and transaction fees becomes $1+ (from less than 10 cents)

On the other hand, I can see other communities will meme that to death considering that scalability and faster transactions are what Solana proposed before. If your competitive features need saving from Lan 2 solution that would mean your project fails to solve the problem in the first place. Will people really get hyped if you'll need L3, L4 or whatever scalability solution after that?

[hugeblack]

Layer 2 solutions are either due to the problem of high fees or to increase the network capacity, so if Solana fees are high or the network capacity to process transactions is limited, this means that the blockchain has failed to fulfill its basic promise. In short, unless Layer 2 is for applications such as gaming, this will be a negative indicator for Solana.