Top Scaling Solutions for Decentralized Finance (DeFi)
The most popular scaling solutions in DeFi include:
1) Bloxroute – a Layer 0 network infrastructure involving both miners & users to scale Web 3.0.
2) Celer – a state channels based layer 2 scaling network solution on Ethereum.
3) Connext – a non-custodial layer 2 payment-channel technology that enables off-chain, instant payments with low (or zero) transaction costs, helping scale the Ethereum network and paving the way for use cases like micropayments.
4) Lightning Network – a Layer 2 protocol on top of Bitcoin that seeks to improve scalability by moving small and frequent transactions off-chain, allowing for fast peer-to-peer transactions and low fees.
5) Liquidity Network – a Layer 2 scalability solution that enables gas-less, near-instant trustless transactions & token swaps.
6) Loom Network – a DPOS layer 2 scaling solution that allows developers to run large-scale applications on top of Ethereum.
7)Loopring – an open source protocol for decentralized exchanges designed to provide matching-as-a-service, and its orders are unidirectional and do not differentiate takers and makers giving complete control to traders.
8) xDai – an Ethereum sidechain with 5-second block times, low gas prices, and a native token that’s also called xDai.
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