Lower costs: transactions on Layer 2 will be much cheaper than those conducted on Ethereum mainnet.
Faster speeds – significantly quicker transaction times across the network due to less congestion and reduced wait times when conducting transfers off-chain.
Scalability - Lent supports more customers with higher throughput while maintaining security, allowing more users access to DeFi platforms built with Lens protocol
It will increase scalability of transactions by reducing the load on Ethereum blockchain.
Enable low-cost, real-time payment settlement with high throughput and privacy without custodial reliance for financial contracts and settlements.
Unlock innovative use-cases like interoperable DeFi solutions, decentralized margin trading & lending, payments and more products & services using layer 2 networks like Plasma or zkRollup’s ,which are faster than Layer 1 blockchains
To increase scalability and throughput of transactions, allowing for cheaper costs compared to Ethereum's layer 1 chain.
To enable the use of gasless transaction methods based on Layer 2 solutions such as Plasma sidechain technology or channels-based networks like the Lightning Network protocol.
3.To improve user experience through faster block times despite increased security features, providing a more secure platform to handle blockchain operations while reducing latency issues exhibited from higher levels of traffic on traditional chains.
Reduced costs: Layer 2 allows for faster, cheaper transactions than the main blockchain.
Enhanced security and scalability: The layer 2 architecture increases network performance while increasing decentralization over time.
Streamlined development process: A separate chain provides a faster, easier platform to test and deploy applications that leverage Lens' core features and protocols.
To increase scalability of the network and reduce transaction fees for users.
To enable faster settlement times, lowering latency and improving user experience on the platform.
To provide greater security to decentralized finance applications running on Lens protocol by enabling support for deeper layer 2 states channels protocols such as Lightning Network or Raiden Network infrastructure components .
Increase scalability and reduce cost by offloading transactions to Layer 2.
Increased user privacy with obfuscation of data on public ledger via smart contract functions available only on Layer 2 platform that are unavailable in Bitcoin or Ethereum networks .
Provide a more customised experience for developers building DeFi applications as layer two blockchain provide better conditions than existing first-layer blockchains when it comes to low fees, throughput and speed etc...