๐ Layer-2 (L2) ecosystem is thriving, folks! Ethereum community member Ryan Berckmans says it's "growing like crazy" despite some naysayers.
๐น L2s are more than just a scaling solution, they're an integral part of Ethereum.
๐น L2s offer better value than alternative layer-1 networks due to Ethereumโs "credible neutrality".
๐น Ethereumโs ecosystem is larger and more diverse than competitors.
Berckmans predicts L2s will massively outpace Solana's transaction throughput in the next 5 years. ๐ช
๐ธ Total value locked across all L2 protocols is a whopping $42.86 billion!
๐ธ Despite a crypto market decline of 18%, this value has remained steady since March.
๐ธ L2 TVL has increased by around 280% since last year.
Berckmans concludes, "Ethereumโs L2 model is killing it, and EVM is leading the pack by far." ๐
What's your take on the L2 ecosystem? Share your thoughts below! #DeFi #Layer2 #Ethereum