Ethereum Layer2’s Lock-up Volume Surges by 14.9%
According to reports, L2BEAT data showed that the total lock-up volume on Ethereum Layer2 was US $6.32 billion, up 14.9% in the past 7 days. Among them, the la…
According to reports, L2BEAT data showed that the total lock-up volume on Ethereum Layer2 was US $6.32 billion, up 14.9% in the past 7 days. Among them, the largest amount of lock-in is the expansion plan ArbitrumOne, which is about $3.34 billion, accounting for 52.84%, followed by Optimism, which is $1.94 billion, accounting for 30.65%.
The total lock-up volume on Ethereum Layer2 rose 14.9% in the past 7 days
Interpretation of the news:
The latest reports reveal that Ethereum Layer2’s total lock-up volume stands at a whopping US $6.32 billion- a 14.9% increase over the past week. This is indicative of a growing demand for the Ethereum network’s Layer2 solutions.
The data provided by L2BEAT shows that the biggest contributor to the lock-up volume is the expansion plan ArbitrumOne. It makes up $3.34 billion of the total volume, which is over half of the entire amount. This signifies that the ArbitrumOne network is exceptionally popular among investors and developers alike.
Optimism follows closely behind, with a lock-up volume of $1.94 billion, which accounts for 30.65% of the total lock-up volume on Ethereum Layer2. Optimism is a scalability solution that helps Ethereum applications optimize their transactions and network usage.
This increase in the lock-up volume on Ethereum Layer2 is a testament to the network’s scalability solutions. Layer2 solutions bring scalability to the Ethereum network by offloading some of the work to other networks while maintaining the benefits of the Ethereum network. This allows the network to handle more transactions without clogging up the mainnet.
In conclusion, the surge in the lock-up volume on Ethereum Layer2 implies that more users and developers are adopting Ethereum’s Layer2 solutions to scale their applications. Ethereum’s Layer2 ecosystem has been expanding rapidly, with the likes of Optimism, Arbitrum, and Polygon leading the charge. While there is still work to be done, these solutions may be the key to unlocking Ethereum’s potential and making it the go-to network for decentralized applications.
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