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Home Innovation Blockchain Optimism and Gelato turn the L...

Optimism and Gelato turn the Lisk blockchain to Ethereum Layer 2


Blockchain

Optimism and Gelato turn the Lisk blockchain

Lisk, launched in 2016, is transitioning to the Ethereum ecosystem as a Layer 2 solution, powered by OP Stack, Optimism's open-source architecture for Layer 2 chains.

Launched in 2016, Lisk is a Layer 1 blockchain that is moving to the Ethereum ecosystem as a Layer 2 solution.

OP Stack, Optimism's open-source architecture for creating Layer 2 chains, will power the new Lisk network, which will be constructed with Gelato's rollup-as-a-service platform. According to a release, Lisk's Layer 2 will concentrate on real-world assets and decentralized physical infrastructure networks (DePINs).

Co-founder of Lisk, Max Kordek, said that with their integration into the Ethereum ecosystem and adherence to industry standards, they're getting closer than ever to their objective of making blockchain accessible. Lisk's market capitalization placed it among the top 20 cryptocurrencies during the peak of the 2017 bull market. In 2023, the blockchain sector has grown, and Lisk is now very unpopular. Its market cap dropped 83% from $919 million to $152 million, placing it at position 272 in the rankings. Following the Ethereum Virtual Machine's broad adoption, Lisk announced that it now sees a greater opportunity to accelerate its objective by moving to become an Ethereum Layer 2 provider.

According to the Lisk team, the testnet deployment of the Layer 2 network will take place in the first quarter of 2024, ahead of the mainnet launch. This will allow developers to access fees that are up to 90% less than those of the Ethereum mainnet.


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