Lisk (LSK) Plans Move to Ethereum as Layer-2 Scaling Solution
Lisk (LSK), a delegated proof of stake (DPOS) protocol, has announced its intention to migrate to Ethereum as a layer-2 scaling solution. According to the update shared on its official X account, Lisk will collaborate with Optimism (OP) and Gelato Network to achieve its layer-2 plot.
The move to Ethereum is aimed at advancing Lisk’s key value protocol to bring real world assets (RWA) to emerging markets. Additionally, switching to Ethereum will optimize its plans to provide a decentralized physical infrastructure network (DePIN) on-chain.
This transition from a full-blown layer-1 to a layer-2 protocol is unusual; however, the ease of implementing the move, as provided by Optimism, makes the transition easier. Lisk is set to become the first L1 blockchain to join other protocols like Base to contribute to the Optimism Superchain, using OP technology Stack.
By committing its developers to the development of Optimism Superchain, Lisk aims to contribute to the future of Web3. It believes that its contributions in the long term will drive mass adoption into the industry.
Lisk Price Reacts
The announcement of the transition to the Ethereum protocol as a layer-1 network has propelled Lisk (LSK) to a new daily high. At the time of writing, the digital currency has surged by 6.23% to $1.13, bringing its market capitalization to $145,573,784.
The move to Ethereum could be the game-changer that Lisk needs to gain mainstream recognition, like other protocols in the L2 arena. Despite its revolutionary offerings and age, the protocol is ranked as the 262nd largest protocol by market capitalization, and its transaction count pales in comparison.
This is in contrast to Optimism (OP), Arbitrum (ARB), and Polygon (MATIC), whose market cap ranking and total value locked (TVL) surpass many established layer-1 blockchains today.
