Layer2s
2,069 views
7 Posts
Hot
Latest
đ #Layer2s saw a significant increase in on-chain profits in March. Net on-chain profits reached $44M, 4 times more than in February.
#Layer2 #CryptoNewsđđ„ #TrendingTopic
#Layer2 #CryptoNewsđđ„ #TrendingTopic
#Write2earn
ETHEREUM LAYER 2 ADOPTION SURGES IN 2024: CONCERNS RISE OVER LIQUIDITY FRAGMENTATION
#Ethereum #Layer2 #Layer2s #Blast
$ETH $AAVE $ARB
Activity and total value locked (TVL) on Ethereum Layer 2s have seen significant growth in 2024, with transactions per second (TPS) and TVL steadily increasing over the past six months. However, the continuous announcement of new Layer 2 solutions raises concerns among analysts regarding liquidity fragmentation issues.
The surge in Layer 2 usage coincided with notable events such as the implementation of EIP-4844 and the launch of Blast. Since its launch on February 29, Blast has become the 6th largest chain by TVL. Additionally, the introduction of EIP-4844 resulted in a substantial increase in transactions per block on other Layer 2s.
DeFi Maestro, a strategist at Mantle, expressed concern about the proliferation of individual chains in the DeFi space, highlighting the growing problem of liquidity fragmentation and user attention.
Liquidity fragmentation refers to the dispersion of active liquidity across various chains and protocols, leading to market and protocol inefficiencies due to low volume concentration.
These concerns arise as Aave unveils its vision for Aave Network, a native Layer 2 solution for the Aave Protocol and its GHO stablecoin.
Despite the rising adoption of Layer 2 solutions, Ethereum (ETH) has experienced inflation over the past 30 days. ETH's supply is currently increasing at a rate of 0.51% per year, resulting in a projected surplus of 612,000 ETH annually.
While Ethereum Layer 2s benefit from increased transactional value and inherit the security of the ETH mainnet, the total amount of ETH burned remains notably lower compared to similar activity on the mainnet.
ETHEREUM LAYER 2 ADOPTION SURGES IN 2024: CONCERNS RISE OVER LIQUIDITY FRAGMENTATION
#Ethereum #Layer2 #Layer2s #Blast
$ETH $AAVE $ARB
Activity and total value locked (TVL) on Ethereum Layer 2s have seen significant growth in 2024, with transactions per second (TPS) and TVL steadily increasing over the past six months. However, the continuous announcement of new Layer 2 solutions raises concerns among analysts regarding liquidity fragmentation issues.
The surge in Layer 2 usage coincided with notable events such as the implementation of EIP-4844 and the launch of Blast. Since its launch on February 29, Blast has become the 6th largest chain by TVL. Additionally, the introduction of EIP-4844 resulted in a substantial increase in transactions per block on other Layer 2s.
DeFi Maestro, a strategist at Mantle, expressed concern about the proliferation of individual chains in the DeFi space, highlighting the growing problem of liquidity fragmentation and user attention.
Liquidity fragmentation refers to the dispersion of active liquidity across various chains and protocols, leading to market and protocol inefficiencies due to low volume concentration.
These concerns arise as Aave unveils its vision for Aave Network, a native Layer 2 solution for the Aave Protocol and its GHO stablecoin.
Despite the rising adoption of Layer 2 solutions, Ethereum (ETH) has experienced inflation over the past 30 days. ETH's supply is currently increasing at a rate of 0.51% per year, resulting in a projected surplus of 612,000 ETH annually.
While Ethereum Layer 2s benefit from increased transactional value and inherit the security of the ETH mainnet, the total amount of ETH burned remains notably lower compared to similar activity on the mainnet.
đčEthereumâs Unsettling Calm: Will collaboration with Sony break the stagnation? đč
Ethereum has entered a phase of stagnation, with its price currently at $2,581. Over the past month, $ETH has seen a 22.22% drop, and the last quarter reveals a more significant 31.47% decrease. Despite this, trading volume increased by 17.65% in the last month, suggesting that traders are still active, albeit cautiously.
Several factors may be contributing to this lull. Broader market sentiment, economic uncertainties, and recent news like a $24 million #ETH move to Binance, causing a significant loss, have likely played a role.
Yet, Ethereumâs long-term outlook remains promising. With a 50.82% increase over the past year and major developments like Sonyâs use of Ethereumâs layer-2 solutions, thereâs still potential for a turnaround. Keep an eye on #Ethereum as the market watches for signs of the next big move! đ
#Sony #Layer2s #Ether
Ethereum has entered a phase of stagnation, with its price currently at $2,581. Over the past month, $ETH has seen a 22.22% drop, and the last quarter reveals a more significant 31.47% decrease. Despite this, trading volume increased by 17.65% in the last month, suggesting that traders are still active, albeit cautiously.
Several factors may be contributing to this lull. Broader market sentiment, economic uncertainties, and recent news like a $24 million #ETH move to Binance, causing a significant loss, have likely played a role.
Yet, Ethereumâs long-term outlook remains promising. With a 50.82% increase over the past year and major developments like Sonyâs use of Ethereumâs layer-2 solutions, thereâs still potential for a turnaround. Keep an eye on #Ethereum as the market watches for signs of the next big move! đ
#Sony #Layer2s #Ether
#Layer2s are heating up! đ„
My top picks?
#Optimism for the visionaries
$MATIC for the speedsters
#Arbitrum: for the tech-savvy
$IMX for the NFT buffs
#STARKNET for the security hawks Which oneâs your champion? đ
#Layer2Tokens
My top picks?
#Optimism for the visionaries
$MATIC for the speedsters
#Arbitrum: for the tech-savvy
$IMX for the NFT buffs
#STARKNET for the security hawks Which oneâs your champion? đ
#Layer2Tokens
đš LATEST NEWS ALERT đš
Base, Coinbase's #Layer2s Network, Reaches 4 Million Active Addresses Amid "Onchain Summer" Campaign
#CoinbaseExchange. 's layer-2 network, #baseéŸ , surpassed 4 million active addresses last week, driven by the success of its "#OnchainSummer " campaign. The initiative, running from June to August 2024, has committed $2 million in ETH to incentivize developers building on the #blockchain .
Base, Coinbase's #Layer2s Network, Reaches 4 Million Active Addresses Amid "Onchain Summer" Campaign
#CoinbaseExchange. 's layer-2 network, #baseéŸ , surpassed 4 million active addresses last week, driven by the success of its "#OnchainSummer " campaign. The initiative, running from June to August 2024, has committed $2 million in ETH to incentivize developers building on the #blockchain .
đ„Only Less 15 Days Left! Join the Exciting
#ReyaNetwork Campaign đ°
đ $16M Fund Raised by #Coinbase & Other VCs!
đ„ Missedout on Bouncebit, Etherfi, or EthenaFi?
âĄïž @reya_xyz offers 3x to 10x Boosts (Limited Time)
đȘ Deposit & Farm XP on ReyaNetwork
â Withdraw Anytime
â Campaign Ends May 6th
REYA launched on April 22nd with $168M+ in TVL!
đ Join Now:
https://reya.network/lge?referredBy=h5z2j8vx
đč Connect Metamask Wallet
â«ïžGet USDC.e on Arbitrum chain:
â«ïžI Bridge with the Help of:
https://app.debridge.finance/
Let's dive into the future of DeFi together! đ
#DeFi #Airdrops #Layer2s
#ReyaNetwork Campaign đ°
đ $16M Fund Raised by #Coinbase & Other VCs!
đ„ Missedout on Bouncebit, Etherfi, or EthenaFi?
âĄïž @reya_xyz offers 3x to 10x Boosts (Limited Time)
đȘ Deposit & Farm XP on ReyaNetwork
â Withdraw Anytime
â Campaign Ends May 6th
REYA launched on April 22nd with $168M+ in TVL!
đ Join Now:
https://reya.network/lge?referredBy=h5z2j8vx
đč Connect Metamask Wallet
â«ïžGet USDC.e on Arbitrum chain:
â«ïžI Bridge with the Help of:
https://app.debridge.finance/
Let's dive into the future of DeFi together! đ
#DeFi #Airdrops #Layer2s
TeleportDAO unveils partnership with bitSmiley.
#TeleportDAO partners with #bitSmiley , a BTC-native stablecoin protocol. Through this partnership, TeleportDAO's secure bridging protocol will be used to bridge bitUSD to #EVM chains and #Bitcoin #Layer2s .
TeleportDAO is a highly secure and decentralized bridge, placing utmost importance on safeguarding users' assets and data during transactions across various blockchains.
đ twitter.com/Teleport_DAO/status/1780540493186641977
#TeleportDAO partners with #bitSmiley , a BTC-native stablecoin protocol. Through this partnership, TeleportDAO's secure bridging protocol will be used to bridge bitUSD to #EVM chains and #Bitcoin #Layer2s .
TeleportDAO is a highly secure and decentralized bridge, placing utmost importance on safeguarding users' assets and data during transactions across various blockchains.
đ twitter.com/Teleport_DAO/status/1780540493186641977
