Ethereum Layer 2 Projects Reel From Bearish Sentiment, However, This AI Crypto Is Defying All Expectations
Polygon (MATIC) Faces Hurdles in Adoption One of the key factors contributing to Polygon's recent price decline is a lack of adoption among developers and users. Despite its promising technology and potential for scalability, Polygon has struggled to attract a significant user base. This could be due to a lack of awareness and marketing efforts, as well as competition from other Layer 2 solutions. Nevertheless, the project continues to add new partnerships and integrations, which could help drive adoption and ultimately lead to price growth. Arbitrum (ARB) Struggles with High Gas Fees Another Layer 2 project facing challenges is Arbitrum, which has been plagued by high gas fees on its network. This has caused frustration among users and has hindered the project's growth potential. While the team is actively working on solutions to lower gas fees, it remains to be seen if this will be enough to attract a significant user base and drive price growth. The Importance ...