๐ Ratio of value locked in stablecoins and #ETH on various L2
#Arbitrum (TVL $13.2 billion ):
- #ETH : $3.8 billion
- Stablecoins: $4.6 billion
- Other assets: $4.7 billion
Base (TVL $7.3 billion ):
- ETH: $1.6 billion
- Stablecoins: $3.5 billion
- Other assets: $2.1 billion
TVL on other Layer 2 ( $14.22 billion ) :
- #Optimism: $6.2 billion
- #Blast: $1.42 billion
- #Scroll: $1.39 billion
- Other networks: $5.18 billion
Balance between locked Ether and stablecoins for this group:
- ETH: $10.92 billion
- Stablecoins: $10.65 billion
Conclusion from Ethereum Daily:
"It looks like people are hoarding stablecoins to buy back the dip
