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There is a pretty interesting project going live on the Mainnet by the end of 2025—TEN Protocol.
It doesn't play by the conventional Layer 2 rules. The core selling point? It adds a layer of encryption to Ethereum. Transaction data goes completely invisible, requiring both speed and privacy. Sounds a bit contradictory, doesn't it? But technically, it is indeed moving in this direction.
The mainnet countdown phase is now underway, and the team has been quite active recently.
The privacy track has actually been worked on by people for a long time, but there are not many who can truly stand firm in the Ethereum ecosystem. Can TEN Protocol make it this time? Technical implementation is one aspect, while ecosystem development and user adoption are another matter.
The Mainnet is coming anyway, so let's see the actual performance then. Privacy technology + Ethereum compatibility, if this combination is done well, the potential is indeed substantial.