Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster)
A layer-2 airdrop and two mainnet launches has the market clamoring for more scaling action.
On March 23, Arbitrum finally distributed its highly-anticipated ARB token, decentralizing its inventory into the hands of its most dedicated users. The hype was so fierce, though, that it took down the project’s main website as well as that of Arbiscan—Arbitrum’s Etherscan equivalent—because eligible wallets could claim their airdrop via either site.
Two more scaling solutions have since joined the arena: zkSync and Polygon’s similar zkEVM product.
The latter “zero-knowledge” launch saw its first transaction executed by none other than Vitalik Buterin. He wrote into the transaction a message: “A few million constraints for man, unconstrained scalability for mankind.”
With so many solutions entering the market, which layer-2 will capture the lion’s share of users?
