Too Long; Didn't Read
Layer 2 is set to solve major issues that the Ethereum ecosystem faces right now, by providing cheaper fees and faster transactions. The market has been eagerly waiting for the mainnet launches of Arbitrum and Optimism that are developing optimistic rollup solutions. Expect a tough competition within the next year or two in the Layer 2 part of the Ethereum Disneyland, as Bankless has called it. With the opportunities that Layer 2 offers, a plethora of DeFi applications will rush to build on it, comparing it to the gold rush in California.