When I look at Layer 2 projects, I often think of BLAST as an example of how these networks are trying to give users a smoother experience. It showed how moving activity off the main chain can lower costs and make apps easier to use.
BOOST project caught my eye for a different reason. It focuses on engagement rather than just transactions. The team behind Alphabot built it so users can complete tasks like following accounts or sharing content in exchange for rewards. With Abstract as its Layer 2 base, it aims to keep things simple for anyone who wants to take part, even without deep crypto knowledge.
Their token BOOST even powers these campaigns and rewards, surprisingly how it's been gaining traction with, like listings on Bitget, MEXC and others. Considering it also plays a role in encouraging participation and engagement, making it more than just a tradable asset.
I wonder how many people will actually start using these L2 engagement projects and if they could change the way we think about tokens?
These L2 projects are good and all, but we're reaching a point where the market is getting flooded of them. There are two many L2-based tokens these days. Probably more than we'll ever need. To make matters worse, developers are now building layers on top of existing layers. We're beginning to see L3 projects emerge as the "next big thing". All of this is overhyped, imo.
Scaling the main blockchain (L1) is what should've been done in the first place. Eventually, these L2s will reach their limit as they're bounded by the parent chain's TX capacity. I'd only invest in old, reliable L2 projects with a proven track record of development and innovation. The rest are just a gamble. But that's just my opinion. Do your own research and see for yourself.