Ethereum Layer2 sees substantial surge in total lockup volume
According to reports, L2BEAT data shows that up to now, the total lockup volume on Ethereum Layer2 is 6.882 billion US dollars, up 22.81% in the past 7 days. Among them, the largest lockup volume is the expansion plan Arbitrum One, which is approximately $3.852 billion, accounting for 55.97%, followed by Optimism, which has a lockup volume of $2.042 billion, accounting for 29.67%.
The total lockup volume on Ethereum Layer2 is $6.882 billion
Analysis based on this information:
The latest report on Ethereum Layer2 suggests a significant increase in the total lockup volume, which has surged by 22.81% in the past seven days. As per the L2BEAT data, Ethereum Layer2 has recorded a total lockup volume of 6.882 billion US dollars, solidifying its position as a popular choice for investors, traders, and blockchain enthusiasts.
Among the various Layer2 protocols, the expansion plan Arbitrum One has the largest lockup volume, accounting for approximately $3.852 billion, or 55.97% of the total lockup volume. Optimism comes in second, with a lockup volume of $2.042 billion, accounting for 29.67% of the total lockup volume.
This surge in lockup volume can be attributed to the growing adoption of Ethereum Layer2, which provides faster and cheaper transactions, and an overall better user experience. Additionally, the rise in the DeFi sector and the ongoing NFT boom has contributed to Ethereum Layer2’s popularity.
Arbitrum One, in particular, has been gaining immense popularity recently, due to its compatibility with Ethereum and its superior specifications. The protocol’s ability to handle complex smart contracts, while remaining fast and secure, is attracting more users to its platform.
On the other hand, Optimism has also shown steady growth, due to its similar compatibility with Ethereum and strong community support. Its unique rollup scaling technology ensures fast and efficient transactions, making it an attractive option for traders and investors.
In conclusion, with the significant increase in total lockup volume, Ethereum Layer2 continues to gain prominence in the blockchain ecosystem. The success of Arbitrum One and Optimism in attracting a large user base, along with other Layer2 protocols, is a testament to the potential of Ethereum Layer2. As the blockchain technology continues to evolve, it is expected that the use of Ethereum Layer2 will continue to grow, providing a faster, cheaper, and better user experience.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5971/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
TON Proposes Optimizing Economics of TON Tokens Through Recycling Supply and Temporarily Freezing Inactive Mining Wallets
On February 15, TON released a proposal on optimizing the economics of TON tokens on Ton.vote. The proposal aims to reach a community consensus on the recyclin…
-
Stargate Cross Chain Liquidity Protocol Reports Record Monthly Transaction Volume of Over $1 Billion
On April 15th, Stargate, a cross chain liquidity protocol based on LayerZero, posted on social media that its monthly cross chain transaction volume exceeded $1 billion for the fir
-
What is the difference between Bitcoin quarterly and weekly contracts? (Will the Bitcoin quarterly contract price rise or fall on the delivery day)
What is the difference between Bitcoin quarterly and weekly contracts? Different
-
Bitland’s ASIC Design Changes and Potential Impact on Bitcoin Mining
It is reported that Compass Mining, a Bitcoin mining company, has published a blog article entitled \”Bitland changes its ASIC design\”. Miners need to be prepar…
-
AI Identifies Security Vulnerabilities in Ethereum Smart Contracts
On March 15th, Conor Grogan, the director of Coinbase, posted an article on social media stating that he had inserted a real-time Ethereum smart contract into chatGPT-4. As a result, AI immediately found security vulnerabilities and even showed how to exploit these vulnerabilities. Conor Grogan stated that the contract was indeed exploited by hackers in 2018. In addition, he also disclosed that he had tried Euler’s smart contract, but due to the length of the contract, it could not be processed by chatGPT-4. Conor Grogan admitted that AI would ultimately make smart contracts safer and easier to build. Director of Coinbase: ChatGPT-4 has been able to detect smart contract vulnerabilities on the Ethereum chain in real time Analysis based on this information:The adoption of blockchain technology has been accompanied by the creation and use of smart contracts, which enable secure automated digital transactions without the need for intermediaries. However, like any computer program, smart contracts can still contain security vulnerabilities…
-
When will Ethereum stop mining (when will Ethereum have a mine accident)
When will Ethereum stop mining? When will Ethereum stop mining? When will Ethereum end mining on December 1, 2019. The number of nodes in the Ethereum network has decreased by 100000, from about 48000 per day to more than 29000 blocks per month Ethereum in 2018 is a decentralized application platform based on sharding technology for expansion to support various smart contracts and distributed systems; And now Bitcoin is also a completely independent blockchain network – it is an open protocol layer (also known as “software”) and can run its own blockchain. (Decrypt)? The current Ethereum ore pool accounts for 70% of the mining computing power of the global ETH network. While Ethereum Classic (ETC), RipoCoin, Stellar Coin, Zcash, and EOS all accounted for nearly 80% of the total computing power of Ethereum, Ethereum Classic and Bitcoin also experienced a similar situation in the bear market in 2018. The bull market in Ethereum since the second half of 2020 has…
-
Coinflow Labs Raises $1.45 Million in Seed Financing led by Jump Crypto and Reciprocal Ventures
According to reports, Coinflow Labs, a Web3 cross chain payment infrastructure solution provider, announced the completion of a seed round financing of $1.45 million, led by Jump C
-
What are the new blockchain projects in 2020?
In 2020, there are opportunities for the development of blockchain. In this proc
-
US Stock Market Ends Higher with Tech Stocks Rising
According to reports, the three major US stock indexes collectively ended higher, with the Dow up 0.43%, the Nasdaq up 0.73%, and the S&P 500 index up 0.57%, with most large tech s
-
The Collapse of Signature Bank: FDIC Discovers Cryptocurrency Deposits at Risk
According to reports, the Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that its cryptocurrency deposits were at risk. Prior
-
Moxy raises over US $10 million to expand its Web3 game platform
It is reported that the Web3 game platform Moxy has announced that it has completed more than US $10 million of financing, with the participation of investors such as Shima Capital, Polygon, MetaTope and GSR. Moxy’s Web3 game platform based on the FLOW blockchain-driven helps players including E-sports players and other players participate in the game and gain incentives in a decentralized, safe and stable way. At the same time, it also allows game developers to seamlessly create NFT based on game assets to promote the popularity of E-sports. In addition, Moxy also uses a unified digital wallet to participate in the game ecosystem so that players can store cryptocurrency and NFT. It is reported that Nolan Bushnell (founder of Atari) Lawrence Siegel (President of Sega Europe) and Tony Bickley (Director of Sega Europe) have joined the Moxy team. Web3 game platform Moxy completed financing of more than US $10 million Analysis based on this information:Moxy, a Web3 game platform…
-
Online fee revenue of Cryptocurrencies in the past 24 hours
According to reports, according to Cryptofees.info data, in the past 24 hours, Ethereum’s online fee revenue has been $4007471.13, Uniswap’s online fee revenue has been $2061422.92, SushiSwap’s online fee revenue has been $1153738.23, Bitcoin’s online fee revenue has been $923585.52, BSC’s online fee revenue has been $612204.38, and GMX’s online fee revenue has been $473056.27. Over the past 24 hours, Bitcoin’s on-chain service fee revenue exceeded $900000 Analysis based on this information:The message reports on the online fee revenue of popular cryptocurrencies in the past 24 hours, as per the data provided by Cryptofees.info. These revenues are generated through transaction fees paid by users on their respective blockchain networks. Ethereum, the second-largest cryptocurrency by market capitalization, has earned the highest online fee revenue of $4,007,471.13 in the past 24 hours. This can largely be attributed to the high usage of the Ethereum network for decentralized finance (DeFi) applications, such as lending, borrowing, and trading. The network faces congestion issues due…
-
CZ Response Accused: Ignoring FUD
According to reports, CZ responded to the incident of \”Binance and its CEO being sued by the CFTC of the United States for violating regulatory regulations\” by citing the fourth cl
-
Bored Ape Yacht Club’s Sewer Pass Prize Game winner revealed
According to reports, the NFT series Bored Ape Yacht Club (BAYC) said on Twitter that the winner of Golden Key of the MINT game Dookey Dash was Sewer Pass 2191…
-
ZkSync may announce air drop and main network issues today
On March 24th, it was reported that many zkSync ecological projects, including SpaceFi, Argent, Across, and zkRock, have released short videos with the words \”03.24.23\” and the zkS
-
US Stock Market Continues to Grow: Nasdaq Up 1%, S&P 500 Up 0.7%, Dow Up 0.4%
According to reports, the three major US stock indexes continued to rise, with the Nasdaq index expanding to 1%, the S&P 500 index up 0.7%, and the Dow index up 0.4%.
The three maj