Top Layer 3 Projects In 2024

Updated April 27, 2024
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Top Layer 3 Projects

Layer 3 solutions are evolving the crypto & blockchain space by building upon the scalability foundation of Layer 2s. Layer 3 solutions enhance transaction throughput and offer specialized functions for diverse segments of the crypto industry. It aims to extend the advantages beyond just scalability and address the key challenges existing in this industry. Further, they deliver customized solutions for multiple scenarios. 

This article includes the top Layer 3 crypto list & detailed analysis of them. 

Layer 3 Crypto List

Layer3 ProjectCoinChainMarket Cap

Aragon


AragonRead More



$ANTEthereum, Cosmos$400,929,652Visit

Chainlink


ChainlinkRead More



$LINK15+$11,660,304,880Visit

Ethereum Name Service


Ethereum Name ServiceRead More



$ENSEthereum$786,287,734Visit

Filecoin


FilecoinRead More



$FILFilecoin$5,311,389,823Visit

Flux


FluxRead More



$FLUXFlux$352,899,744Visit

iExec RL


iExec RLRead More



$RLCEthereum$271,378,916Visit

Ocean protocol


Ocean ProtocolRead More



$OCEANEthereum, Polygon, Optimism, Polkadot$692,448,803Visit

Quant


QuantRead More



$QNTEthereum$1,806,159,456Visit

The Graph Protocol


The Graph ProtocolRead More



$GRT8+$3,180,645,681Visit

Aragon

Aragon

Aragon assists with governance instances, providing infrastructure for Decentralized Autonomous Organizations (DAOs). It simplifies building and managing DAOs. It has also been recognized as reliable by top crypto projects like Decentraland and BadgerDAO.

Ticker $ANT
Market Cap $400,929,652
All-Time High $14.64

Key Features of Aragon

Chainlink

Chainlink

Chainlink is a prominent project in the Layer 3 crypto list that has marked its territory across the Oracle networks. It aims at bridging the gap between blockchains and off-chain data. It also enables reliable smart contract execution.

Ticker $LINK
Market Cap $11,660,304,880
All-Time High $52.70 

Key Features for Chainlink:

ENS

Ethereum Name Service (ENS)

Among decentralized domain registrations, Ethereum Name Service (ENS) has marked its stand. It allows the users to name websites, crypto wallets, etc, across different blockchains, with their preferred name and extension. It has so far acquired 500+ integrations.

Ticker $ENS
Market Cap $786,287,734
All-Time High $83.40

Key Features for ENS

Filecoin

Filecoin

Filecoin provides a decentralized and permanent data storage system. It utilizes the Interplanetary File Storage (IPFS) system, which enhances data security. It also integrates with Web3 and DeFi protocols. 

Filecoin has become a valuable project, especially in the streaming industries like online video and music streaming.

Ticker $FIL
Market Cap $5,311,389,823 
All-Time High $236.84 

Key Features for Filecoin

Flux

Flux

Flux is a key player among decentralized cloud infrastructures in the Layer 3 space. It is bringing an evolution in the scalability side. It offers a platform where dApps can be developed, managed, and scaled across multiple servers. 

Furthermore, to extend the reach of its services, it has successfully partnered in both traditional and digital domains.

Ticker $FLUX
Market Cap $352,899,744
All-Time High $3.33 

Key Features of Flux:

iExec-RLC

iExec RLC

iExec RLC enables the creation of web3 apps without the need for technical expertise. It is like a blockchain marketplace that facilitates custom-developed solutions. It also serves as a platform that supports creativity and innovation.

Ticker $RLC
Market Cap $271,378,916 
All-Time High $15.51

Key Features of iExec

Ocean-Protocol

Ocean Protocol

Ocean Protocol acts as a marketplace for data providers and consumers. It transforms data into an asset that can be traded. It is widely used in digital real estate as well as music streaming, for the purposes it serves. The protocol’s native ERC-20 token is also a good market player.

Ticker $OCEAN
Market Cap $692,448,803
All-Time High $1.93

Key Features of Ocean Protocol

Quant

Quant

Quant connects public chains with private chains. It utilizes an Overledger DLT gateway and offers interoperability solutions. Moreover, it extends its support to multi-ledger tokens and multi-DLT smart contracts. Quant has also partnered with Oracle, Hyperledger, and Nvidia for strategic purposes. 

Ticker $QNT
Market Cap $1,806,159,456
All-Time High $427.42

Key Features of Quant

The-Graph-Protocol

The Graph Protocol

The Graph Protocol, with GraphQL, is a lead player in data indexing. It enables quicker data access, acting as a “Google of blockchains.” This protocol is widely famous for enabling the cross-accessibility of data sets across various domains. This includes DeFi, governance, and social media.

Ticker $GRT
Market Cap $3,180,645,681 
All-Time High $2.84 

Key Features of The Graph Protocol

What is Layer 3?

Layer 3 represents the third tier in the hierarchy of blockchain technology. It offers a specialized framework beyond the foundational layers of the blockchain. Layer 1 refers to the primary blockchain, and Layer 2 focuses on scalability improvements. 

Layer 3 solutions extend the capabilities of blockchain by introducing specialized features for a wide range of applications. They address the complex industrial challenges related to privacy, specific app performance needs, and other unique requirements and provide their solutions.

Frequently Asked Questions

1. Is there a layer 4 in crypto?

Layer 4 is not widely recognized in crypto; Layer 3 is the current frontier of innovation.

2. How is layer 3 different from layer 2?

Layer 2 focuses on scaling the layer 1 chains. On the other hand, Layer 3 hosts dApps and user-facing applications over Layer 1 and 2.

3. Which cryptocurrencies are in layer 3?

There are multiple cryptocurrencies in Layer 3 to choose from. However, the most reliable ones include the above.
Tanya Chaitanya
Over the past 6 years, Tanya has gained extensive experience as a content creator in emerging technologies like cryptocurrency, blockchain, NFTs, DAOs, and the Metaverse. With a versatile writing style, she has simplified blockchain complexities for many. Whether diving into technical details, exploring crypto adoption, or linking blockchain to nature, she strives for excellence. Recognized in the industry, she specializes in creating unique, reliable content through meticulous research.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Methodology

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This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.