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Ethereum Layer 2 Lock-up drops to $6.17 Billion, Top Five Locked Positions Revealed

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It is reported that according to L2BEAT data, the current total lock-up of Ethereum Layer 2 fell to $6.17 billion, down 0.31% on the 7th. Among them, the top fi

Ethereum Layer 2 Lock-up drops to $6.17 Billion, Top Five Locked Positions Revealed

It is reported that according to L2BEAT data, the current total lock-up of Ethereum Layer 2 fell to $6.17 billion, down 0.31% on the 7th. Among them, the top five locked positions were: Arbitrum One ($3.42 billion, up 1.61% on the 7th); Optimism (US $1.87 billion, up 0.16% on the 7th); DYdX (USD 302 million, down 16.21% on the 7th); Metis Andromeda (US $124 million, down 3.58% on the 7th); Immutable X (US $117 million, down 7.57% on the 7th).

The total lock-up of Ethereum Layer2 fell to $6.17 billion, down 0.31% on the 7th

Analysis based on this information:


Ethereum has been gaining popularity ever since it introduced the Layer 2 scalability solution to its network. This solution allows developers to create decentralized applications (DApps) with reduced fees and faster transaction times. Ethereum Layer 2 has been used extensively in the DeFi sector, leading to the rise of various platforms such as Uniswap, Aave, and Curve Finance.

L2BEAT data shows that the current total lock-up of Ethereum Layer 2 has decreased to $6.17 billion, a 0.31% decline on the 7th. Despite the decrease, the Layer 2 scalability solution is still actively utilized by the DeFi sector, indicating its relevance and the acceptance of its applications by users.

The top five locked positions on Ethereum Layer 2 are as follows: Arbitrum One ranks first with $3.42 billion, up 1.61% on the 7th. Arbitrum One is a scaling solution designed to increase the speed and efficiency of Ethereum transactions. Second on the list is Optimism, with $1.87 billion, up 0.16% on the 7th. Optimism is also a Layer 2 scaling solution that enables faster and cheaper transactions on the Ethereum network.

Third on the list is DYdX, with $302 million- a 16.21% drop as compared to the previous day’s data. DYdX is a decentralized trading platform that allows users to margin trade without losing possession of their assets. Fourth on the list is Metis Andromeda, with $124 million, down 3.58% on the 7th. Metis Andromeda is a protocol that aims to create Layer 2 solutions that enable second-layer scalability using the Ethereum network. Lastly, Immutable X holds the fifth position, with $117 million, down 7.57% on the 7th. Immutable X aims to provide a Layer 2 solution for non-fungible tokens (NFTs) on Ethereum.

In conclusion, Ethereum Layer 2 continues to be a crucial solution in the DeFi sector, providing faster and cheaper transactions. The decrease in total lock-up was expected, indicating that the market is less volatile than before. Nevertheless, the top positioned platforms cement their positions as a testament to their underlying technology’s popularity and potential for future growth.

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