Coin Bureau channel host Guy Turner is bullish on the Layer 3 scaling solution for ethereum (ETH).
Turner told the 2.46 million subscribers of the Coin Bureau YouTube channel that layer-3 native tokens (scaling solutions built on top of layer-2) have huge upside potential in the future.
“The thing is, layer-3 is also very efficient, making them a great fit for gaming, decentralized finance (DeFi) and more. As a result, layer-3 chains and cryptocurrencies released on them have 100x the potential.”
Turner’s top Layer 3 picks include Degen Base (Degen), which is based on the Layer 2 project, the Ether Extension solution powered by the Coinbase crypto exchange, and Xai (Xai).
Turner said.
“Unsurprisingly, its native Degen (chain) token was originally launched as an emoji coin, but was also designed to reward engagement with its channel on Farcaster (a decentralized version of Twitter). Since then, Degen has attracted the attention of many developers, content creators and enthusiasts ……
Another third tier is Xai, an Arbitrum-based game project.”
At the time of writing, DEGEN is trading at $0.0355 while XAI is trading at $1.02.
Next up is Magic Orbs (Orbs).
“Right now, Orbs is Layer 3, which is actually between Layers 1 and 2, acting as a decentralized backend to augment EVM (Ether VM) and non-EVM compatible smart contracts to support web3, DeFi, nft (irreplaceable tokens), and GameFi (games and DeFi), among others. “
At the time of writing, ORBS is trading at $0.0431.
