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Hermez Network (HEZ) is a decentralized layer-2 scaling solution for Ethereum that utilizes zk-rollups to enhance transaction throughput and reduce costs. By aggregating multiple transactions into a single proof, Hermez Network aims to improve the scalability of the Ethereum blockchain while maintaining security and decentralization.
Terra (LUNA) is a cryptocurrency that aims to provide a stable and scalable payment solution through its algorithmic stablecoin. It operates on the Terra blockchain, utilizing its unique consensus mechanism to ensure fast and secure transactions while maintaining price stability for its native stablecoin, TerraSDR.