TVL Locked Value of a Layer 2 Ethereum solution bypassing the Polygon Network…Details here
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Answer TVL Locked Value of a Layer 2 Ethereum solution bypassing the Polygon Network…Details here
Layer 2 solutions for Ethereum are becoming increasingly popular in 2022.
Optimism and Arbitrum networks host over 160 community protocols.
Optimism Network now overrides Polygon Network’s locked value.
By this metric, Optimism has become the largest layer 2 based solution of the Ethereum network.
According to DefiLlama, Optimism has more than 61 products and protocols on the Optimism Network with a closed value of $2.38 billion.
Meanwhile, 282 protocols on the Polygon network have attracted $1.83 billion.
Tron (TRX) and Solana (SOL) remain the sector leaders outside of Ethereum, recording $5.88 billion and $2.29 billion, respectively.
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The value of the Ethereum Layer 2 locked-in increased in the third quarter of 2022, as interest in the Optimism and Arbitrum protocols, the two largest Ethereum Layer 2 based networks, increased.
Read:Ethereum deposited in quota contracts reaches its highest level in anticipation of the upcoming merger upgrade in September
In the past seven days, Project Optimism has seen a staggering 700% rise in closed value TVL according to DefiLlama.
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