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Why we are so excited about Layer2s on Ethereum

If you’ve been around for long enough, you might have been a part of the “where are Layer 2s?” discussion at least three times. Every time new trends take hold on Ethereum – think DeFi, NFTs or gaming – they are inevitably cut short of their full potential by the limitation of 15 transactions per second on the world’s largest decentralized network. We start talking about the scaling solutions, optimising gas costs and increasing the transaction throughput… but then the trend dies down, gas prices go down and the sense of urgency disappears.

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