What is similar to Loom?

Could you elaborate on other platforms or solutions that are analogous to Loom in the cryptocurrency and finance space? Loom has gained significant traction for its innovative approach to scaling blockchain solutions, but I'm curious to know what other alternatives exist that aim to achieve similar goals of improved scalability, transaction throughput, and overall efficiency. Are there any competing decentralized finance protocols, blockchain scaling techniques, or off-chain solutions that compare favorably to Loom's offerings? It would be valuable to understand how Loom stacks up against the competition and what sets it apart.