Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains.
MultiversX boosts layer-2 transaction speed with Sovereign Chains
![MultiversX boosts layer-2 transaction speed with Sovereign Chains MultiversX boosts layer-2 transaction speed with Sovereign Chains](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvZjQzODYzNTktOTcxMS00NTU3LWE4MDItYjMyMjg2ZDUwNDQ2LmpwZw==.jpg)
Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains.