- Xai (XAI), a gaming-centric project built on Arbitrum, shows potential growth, trading at $1.02.
- Orbs (ORBS) serves as a decentralized backend between layer-1 and layer-2, supporting web3, DeFi, NFTs, and GameFi.
Guy Turner, host of the Coin Bureau YouTube channel, recently discussed the potential of Ethereum layer-3 scaling solutions. Addressing his audience of 2.46 million subscribers, Turner highlighted that layer-3 technologies, which are developments built on top of layer-2 solutions, could significantly enhance the functionality of applications in gaming and decentralized finance (DeFi).
Turner pointed out the potential for substantial growth in the native tokens of these layer-3 projects. He identified Degen Base (DEGEN) and Xai (XAI) as his top picks in this category.
Degen Base, associated with the Base layer-2 project backed by Coinbase, initially launched as a meme coin and now incentivizes user engagement on Farcaster, a decentralized social media platform similar to Twitter.
Related: EIP-3074: Ethereum’s Pectra Upgrade to Enhance User Experience
This token has become popular among developers, content creators, and crypto traders.
Another project Turner mentioned is Xai, a gaming-focused platform built on the Arbitrum layer-2 solution. At the time of his update, DEGEN was trading at $0.0355, while XAI had a value of $1.02.
Furthermore, Turner discussed Orbs (ORBS), which he described as a layer-3 solution that functions as a decentralized backend, positioned between layer-1 and layer-2.
Read more: Ethereum’s Restaking Service EigenLayer Sees Massive Inflows, Revolutionizes Blockchain Security
Orbs are designed to enhance both Ethereum Virtual Machine (EVM) compatible and non-EVM compatible smart contracts, supporting a variety of applications including web3, DeFi, non-fungible tokens (NFTs), and GameFi, which combines gaming with DeFi.
Turner’s insights into these layer-3 solutions reflect the evolving complexity and potential within the Ethereum ecosystem.
The current price of Bitcoin (BTC-USD) is approximately $62,373.50, showing a decrease of 6.81% as of the latest update.
