Ethereum’s Future Hinges on 10,000 Blockchains

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Ethereum layer-2s are proliferating, which means Ethereum will start looking like a much better prospect for new projects in the year ahead.

A major topic in crypto in 2024 is the number of layer-2 (L2) blockchains created on top of the Ethereum network. Major nonfungible token (NFT) collections such as Pudgy Penguins, Bored Ape Yacht Club and Azuki have announced their own L2s — in addition to numerous traditional companies such as Fox Corporations and Flipkart.


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