Infrastructure

Layer 2

A separate network built on top of a base chain to process transactions faster and far more cheaply.

A Layer 2 processes transactions off the main chain, then posts a compressed record back to it for security. Ethereum is the clear case: secure but slow and pricey, so scaling moved on top of it.

Rollups dominate. Arbitrum, Optimism, and Base bundle thousands of transactions into one batch and settle it on Ethereum, often cutting fees by 90% or more. The base chain still guarantees the funds.

Risk to know: most Layer 2s still run a centralized sequencer, and many keep an upgrade key in a small team's hands.

Related terms