Ethereum TVL rose to $65 billion as the cryptocurrency moved closer to $4,000.
Arbitrum and Optimism continue to dominate the ETH layer 2 scaling sector.
ARB and OP both turned bullish, surging 6.46% and 5.05%, respectively.
Prominent legacy coins, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Arbitrum (ARB) and Optimism (OP) show significant possibility of gains in the near future as the total value locked (TVL) in some of these ecosystems continue to rise as market leader BTC moves closer to the $100,000 price level.
With a dominance of 57.4%, BTC leads the market as the oldest cryptocurrency. According to CoinMarketCap data, Bitcoin’s market cap is $1.87 trillion, and it trades at $94,868.30, following a 41.19% price surge last month. Created as a hedge against inflation and a Store of Value by Satoshi Nakamoto, Bitcoin continues to draw investors worldwide.
On the other hand, Ethereum is the largest DeFi and smart contract protocol. With the introduction of ETH staking and the Merge, the blockchain protocol is positioned for massive gains from the adoption of blockchain technology. Meanwhile, the protocol’s TVL has recovered to May levels…
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