Layer 2 Coins

Layer 2 addresses a specific problem: Ethereum is secure but relatively expensive and slow under load. Layer 2 networks perform computation themselves and post only a summary to Ethereum, so a transaction costs far less while still relying on the main network for security.

That is an important distinction from layer 1: a layer 2 network does not compete with Ethereum, it depends on it. It grows when Ethereum grows, and a serious risk there is a risk here too.

In practice the economic question in this category is who captures the value. If fees are very low and layer 2 networks compete with each other on price, the revenue left to the network — and to its token — may be far smaller than transaction volume suggests.

Layer 2 Coins — the list

The 6 coins listed here moved 1.15% on average today. Immutable led at 2.70% and Mantle lagged at -0.51%. Combined market capitalisation for the group is about $5.9B.

What the data shows about this group

The group is concentrated: Mantle alone accounts for 38.52% of the combined market capitalisation of the 6 coins listed. That means an index of the whole category would move mostly on one coin, and that spreading across several names here diversifies less than it appears.

Measured against their all-time highs, the 6 coins here sit an average of 91.94% below. Closest to its high is Mantle at 76.13%, furthest is Starknet at 99.07%. A coin down 99.07% needs a 10,666.73% gain merely to return to that high — arithmetic worth doing before assuming a deep decline is automatically an opportunity.

On supply the group is mixed: 5 of the 6 coins listed have a hard cap and the rest do not. That is an economic rather than a technical distinction — an uncapped coin can expand its supply over time, so rising demand does not translate into price with the same force.

Other crypto themes

This is not financial advice.

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Last updated: 2026-09-27