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Ethereum Layer2’s Lock-up Volume Drops Slightly as Arbitrum One Takes the Lead

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According to reports, L2BEAT data showed that the total lock-up volume on Ethereum Layer2 was US $6.214 billion, down 0.87% in the past 7 days. Among them, the…

Ethereum Layer2s Lock-up Volume Drops Slightly as Arbitrum One Takes the Lead

According to reports, L2BEAT data showed that the total lock-up volume on Ethereum Layer2 was US $6.214 billion, down 0.87% in the past 7 days. Among them, the largest amount of lock-in is the expansion plan Arbitrum One, which is about $3.337 billion, accounting for 53.70%, followed by Optimism, which is $1.895 billion, accounting for 30.50%.

The total lock-up volume on Ethereum Layer2 is $6.214 billion

Interpretation of the news:


The L2BEAT data revealed that Ethereum Layer2’s total lock-up volume declined by 0.87% in the past week, which now stands at $6.214 billion. Locking up refers to an investor’s decision to keep their cryptocurrency assets in a particular platform for a set period, often for liquidity benefits.

The report indicates that the network’s leading layer2 solution, Arbitrum One, accounts for over half the total lock-up volume, taking $3.337 billion, or 53.70 % of the total amount. This impressive figure further cements Arbitrum One’s place as one of the leading layer2 solutions in the cryptocurrency market.

Optimism, another popular layer2 platform, came in at a distant second, boasting lock-up volume worth $1.895 billion, representing approximately 30.50% of the market share. It is worth noting that while the difference between the two leading platforms is significant, Optimism’s lock-up volume is still staggering.

The data clearly shows that Arbitrum One remains the preferred choice for investors when compared to other layer2 solutions. Users often opt for Arbitrum One, especially those with high-frequency transactions, as it offers lower gas fees. Gas fees refer to the mandatory fees that users have to pay when they make a transaction on the Ethereum network.

The drop in Ethereum Layer2’s lock-up volume by 0.87% may seem like a minor decline, but the market is still showing strong growth in demand for layer2 solutions. With the constant challenges posed by gas fees and slow transaction processing, leading Layer2 solutions are fast becoming a popular choice for investors to transact more competitively.

In summary, the data from L2BEAT shows that the popularity of Ethereum layer2 solutions is growing, with Arbitrum One being the primary choice for investors for locking up their crypto assets. The data is also a clear indication of how critical layer2 solutions are becoming in addressing the challenges faced by the Ethereum network, especially when it comes to transaction processing speeds and gas fees.

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