24 November 2021 05:46, UTC
Reading time: ~ 2 m
The volumes of blocked assets (TVL) on Ethereum-platforms of the second level (L2) are growing rapidly and have set a new all-time high
According to analyst firm L2BEAT, TVL-like platforms have reached a record high of $ 6.16 billion. L2 platforms are scalable solutions that run on top of the Ethereum network in order to increase transaction throughput.
During the week, TVL Ethereum platforms of the second tier grew by more than 10%. The main driver of growth was the Boba Network (BOBA), an L2 scaling solution for Ethereum that saw a staggering 1134% growth in TVL, from $ 75 million as of November 13 to $ 926 million today. Scaling solution Optimistic Rollup launched the mainnet at the end of September and now holds 15% of the L2 market share.
Only two projects in this sector have a large market share: the dYdX (DYDX) decentralized exchange with TVL at $ 995 million (over 16% of the market) and the Arbitrum scaling solution with TVL of about $ 2.59 billion (over 42% of the market).
TVL L2 solutions have skyrocketed since bottoming out in late September. In less than two months, the market has grown by 144% – from $ 2.5 billion as of September 30 to the current level of over $ 6 billion.
#Blocked #Assets #Volumes #Tier #Ethereum #Platforms #Set #Record