Technology

Layer 2 - Estimated Fees

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Written by
spydraadmin
Published on
January 1, 1970

Layer 2 estimated fees after call data cost reduction

Simple ETH transfers:

Polygon Hermez: $0.05

Loopring: $0.05

ZKSync: $0.06

Optimism: $0.39

Arbitrum One: $0.49

Token transfers:

Polygon Hermez: $0.05

Loopring: $0.05

ZKSync: $0.06

Optimism: $0.44

Arbitrum One: $0.54

Token swaps:

Loopring: $0.20

Optimism: $0.55

Arbitrum One: $0.84

These estimations are considering Vitalik's guess of a ~5x fee reduction for Layer 2’s. Also, Optimism and Arbitrum One are currently in beta and artificially throttled, meaning their fees will go down even further as they mature. Additionally, Arbitrum is releasing the Nitro upgrade soon, for which we can, in their own words "expect a sizable decrease in costs" and 20-50x faster execution.
Combine all this with the Loopring hype that's currently going on and their possible partnership with GameStop, as well as major exchanges introducing Layer 2 deposits and withdrawals, and on top of that people speculating on generous air drops from projects in these platforms. There is a massive movement towards Layer 2’s and it is going to happen fast.

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