Hey Layer 2 fans! đ Remember when we talked about looking beyond just TVL? đ€· Well, let's dive deeper. Some projects might flash a big TVL number, but a closer look reveals a not-so-pretty picture.
We introduced the Token Dominance Ratio (TDR), đđ„which shows how much of a project's value is tied up in its own token. A high TDR isn't ideal, as a healthy project should have a mix of assets locked in. đ€
Let's see how your favorite L2s stack up. Who's got the best balance? đ»đ
đ $ARB is looking strong with a TVL over $17 billion and a TDR of just 14%, indicating a diverse ecosystem. đđȘ
đ On the flip side, $METIS has an extremely high TDR, with over 80% of its TVL composed of its native token, METIS. đ This high TDR might indicate limited real-world applications.
Don't just blindly follow TVL. Dig deeper, stay informed, and you'll be a crypto investor ninja! DYOR! đ„· đ€ #OP #ZK #altcoins #ARB #Layer2Coin
