Top 10 Blockchain Rollup Scalability Solutions of 2024

Key Takeaways

• Explore how blockchain rollups solve the problem of slow and expensive network transactions, making them more attractive to use.
• Discover the impactful advantages rollup solutions provide to businesses, including scalability, security, and a wider range of applications. 
• Investigate the role of rollups in blockchain space and gain insights on the top 10 scalability solutions based on rollups that lead the market in 2024.

Rollup scaling solutions play a major part in alleviating congestion in the blockchain. They consolidate fewer transactions instead of processing numerous transactions directly on the layer-1 (L1) blockchain. This significantly reduces the strain on the main chain, empowering businesses to enhance efficiency and enable broader adoption across various applications. This blog delves into the top 10 blockchain rollup scaling solutions and their impact in paving the way for innovation in the blockchain space.

Blockchain Rollups: An Overview

• Blockchain rollup scaling solutions are layer-2 solutions that improve blockchain scalability by consolidating multiple transactions into a single data batch processed off-chain and then submitted to the main blockchain. 
• This alleviates the mainnet’s burden of storing limited data per block, leading to slower transaction speeds and higher costs. 
• It aggregates transactions off-chain, reducing the load on the mainnet and enabling it to handle more transactions efficiently.
• This method distinguishes between transaction data, which is heavy and processed on-chain, and general data, which remains consistent regardless of transaction volume. 
• By optimizing transaction processing this way, rollups significantly improve blockchain scalability, accommodating increasing network traffic from growing numbers of users and applications.

Listing Out the Top 10 Blockchain Rollups of 2024

As the crypto market is evolving every day, the top ten blockchain rollup solutions in the mid-phase of 2024 include the following:

1. Arbitrum

• Arbitrum, built on optimistic rollups, outpaces Ethereum’s mainnet in cutting gas costs by up to 95%. 
• With its developer-friendly environment, familiar tools, and easy deployment, it moves towards a community-driven future. 
• With ARB as its native token, it facilitates transaction fees, staking, and governance.
• While Arbitrum’s security relies on Ethereum’s mainnet, with a robust development team and active community, Arbitrum is evolving and establishing itself as a significant L2 player.

2. Immutable

• Immutable is a layer-2 network tailored for gaming. It offers scalability, affordability, and security to enhance Web3 experiences. 
• It utilizes ZK rollups to ensure near-instant, low-fee transactions with Ethereum mainnet-level security. 
• The native token, IMX, is used for fees, staking, and governance.
• It empowers gamers with fast transactions, true NFT ownership, and game interoperability while developers enjoy low costs, user-friendly tools, and a supportive community. 
• It excels in NFT minting, trading, and transfer, boasting significant TVL and market share among Ethereum layer-2 solutions.

3. StarkNet

• Starknet leverages STARK proofs, a form of zero-knowledge proof, to validate transactions off-chain. 
• It achieves unmatched speed with a theoretical throughput of millions of TPS and significantly reduces transaction fees. 
• It offers a developer-friendly environment with powerful tools and Cairo, a familiar programming language. 
• Starknet aims to become a fully decentralized, community-driven network, supporting a growing ecosystem of innovative dApps in DeFi, NFTs, gaming, and more. 
• Despite its complexity for newcomers and a smaller user base than established L2s, Starknet is evolving rapidly, requiring users to adapt to ongoing upgrades and changes.

4. Nervos Network

• Nervos, a Proof-of-Work (PoW) blockchain known as the Common Knowledge Base (CKB), scales through layer-2 (L2) networks, forming the secure foundation of the Nervos ecosystem. 
• Like Ethereum’s rollup-centric roadmap, Nervos emphasizes modularity. It offers a flexible, interoperable blockchain that supports all programming languages and any virtual machine.
• Inspired by Bitcoin, Nervos uses a PoW consensus model for its proven security, anti-monopolization properties, and zero-compromise approach, preferring it over Proof-of-Stake (PoS).

5. Blast

• Blast is an Ethereum layer-2 solution that uniquely integrates native yield for ETH and stablecoins. It distributes earnings directly to users from decentralized protocols like ETH staking and on-chain T-Bills. 
• This EVM-compatible, optimistic rollup ensures higher baseline yields without altering the Ethereum experience. 
• Blast features an auto-rebasing mechanism that adjusts user balances to reflect accrued yield for externally owned accounts (EOAs) and smart contracts.
• Additionally, it redistributes gas fee revenue back to dApps, allowing developers to subsidize fees or retain the revenue, enhancing both user and developer experience.

6. Metis

• Metis is a layer-2 scaling solution using optimistic rollup technology to enhance scalability and cost-efficiency for Web3 applications. 
• It offloads smart contract execution and data storage from networks like Ethereum. Key features include low gas fees, two-second transaction times, and IPFS-integrated file storage. 
• Metis supports the EVM-compatible Metis Virtual Machine (MVM), enabling developers to seamlessly deploy and interact with applications, mirroring Ethereum’s environment.
• This compatibility makes it easy for developers to port existing projects and code from Ethereum to Metis.

7. Taiko

• Taiko rollup aims to address Ethereum’s high costs while preserving its core values, such as censorship resistance and security. 
• It introduces two innovative rollup types: the contestable rollup, which is configurable to lower transaction fees on Ethereum, and the booster rollup, a novel approach to native layer-1 scaling.
• It is highly adaptable and fully open source, maintaining a permissionless ethos similar to Ethereum. 
• It can operate as a fully ZK rollup, optimistic rollup, or any hybrid configuration. 
• Additionally, Taiko is community-operated, with no centralized entities controlling the network, ensuring decentralized governance and operations.

8. Loopring

• Loopring is an Ethereum-based layer-2 protocol that enhances decentralized crypto exchanges (DEXs) using modular ZK rollup technology. 
• This approach supports DEX development across multiple blockchains. 
• Ethereum’s layer-2 scaling solutions, like ZK rollups and Optimistic rollups, aim to boost scalability by executing transactions off-chain (L2) while securing critical data on-chain (L1). 
• Loopring offers native products for non-custodial automated market makers and payment applications, combining Ethereum’s security with scalable performance comparable to centralized services.

9. AltLayer

• AltLayer is an open protocol that boosts blockchain scalability and security through restaked rollups like OP Stack, Arbitrum Orbit, and ZKStack. 
• These implementations improve decentralization and interoperability using EigenLayer’s restaking system, ensuring swift crypto-economic finality. 
• AltLayer simplifies rollup usage with robust network security and offers a no-code Rollup-as-a-Service (RaaS) platform. 
• This platform supports EVM, WASM, and various rollup SDKs, integrating seamlessly with data availability layers and sequencing services.
• It includes ephemeral rollups for temporary deployments and resource efficiency.

10. Cartesi

• Cartesi rollups transform basic smart contracts into decentralized Linux runtimes. 
• It helps overcome Ethereum Virtual Machine (EVM) limitations by providing decentralized applications (dApps) with full CPU capabilities. 
• Developers can deploy scalable rollup chains and implement decentralized logic using familiar languages and software components. 
• This innovation greatly enhances computational scalability and flexibility, empowering dApp developers to build more powerful and versatile applications.

Wrapping Up

In conclusion, these scaling solutions offer practical methods to enhance network capacity, reduce transaction costs, and improve user experiences amid growing blockchain scalability challenges. They are increasingly crucial in DeFi, addressing high gas fees and transaction volumes. As rollup technology evolves, there’s anticipation for further innovations in security, privacy, and interoperability. 

As we have listed the top 10 blockchain rollups in the halfway stage of 2024 above, it is crucial to opt for a suitable solution for your business. At Blockchain App Factory, a leading Blockchain Rollups Solution Provider, we possess profound expertise in blockchain technology and develop effective rollup scaling solutions catering to your requirements. Contribute to the blockchain revolution by embracing a capable solution today!