What is Layer3 (L3)?

TLDR Layer3 (L3) is a blockchain protocol focused on governance, multichain interoperability, and onchain analytics, powered by its native token $L3.

1. Governance & utility token – $L3 enables community-driven protocol management and staking for ecosystem access.
2. Multichain infrastructure – Offers a wallet for cross-chain swaps and supports appchains like Bitcoin ZK rollups.
3. Onchain analytics – Provides Layer3 Signal, a data tool tracking real user engagement across protocols.

Deep Dive

1. Governance and Token Utility

$L3 serves dual roles: governance and utility. Token holders govern protocol parameters, treasury allocation, and upgrades through a phased decentralization model (Layer3 Foundation). Staking 50,000+ $L3 grants eligibility for the Protocol Council—a group advising on proposals, grants, and ecosystem incentives. Users also burn $L3 to deploy quests and access tools like the Layer3 Builder, with 7.7 million tokens already staked for these utilities.

2. Multichain Wallet and Infrastructure

Layer3’s wallet facilitates cross-chain swaps without bridges, processing 3 million+ transactions. It integrates with networks like Bitcoin, Ethereum, and Mezo, enabling DeFi activities and privacy-focused ZK appchains. Recent liquidity partnerships (e.g., ArrakisFinance) aim to deepen exchange efficiency on Ethereum, Base, and Arbitrum.

3. Onchain Analytics via Layer3 Signal

Layer3 Signal measures protocol relevance using metrics like unique participants and activations, drawing from 3 million users and 200 million transactions. Exchanges and funds use it to identify emerging projects, while communities leverage it to prove traction.

Conclusion

Layer3 combines governance, multichain tools, and actionable analytics to streamline onchain participation. Its phased decentralization and focus on verifiable engagement set it apart. Can Layer3 maintain its edge as interoperability demands grow across L2/L3 ecosystems?